What is Global Electronic Adhesives Market?
The Global Electronic Adhesives Market is a vast and dynamic sector that plays a crucial role in the electronics industry. Electronic adhesives are special types of glues used in the assembly and packaging of electronic devices and components. They are primarily used to bind different parts of electronic devices together, providing mechanical strength, electrical conductivity, and thermal management. In 2023, the market value of electronic adhesives was US$ 6587.7 million, and it is projected to reach US$ 10850 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.3%. This growth is driven by the increasing demand for compact, lightweight electronic devices, and the growing trend of miniaturization in the electronics industry.
Optical Adhesive, Liquid Encapsulant, SMT Adhesive, Potting Compound, Structural Adhesive, Others in the Global Electronic Adhesives Market:
The Global Electronic Adhesives Market is segmented into various types, including Optical Adhesive, Liquid Encapsulant, SMT Adhesive, Potting Compound, Structural Adhesive, and others. Each type of adhesive has its unique properties and applications. Optical adhesives, for instance, are used in optical devices and components for bonding, sealing, and encapsulation. Liquid encapsulants are used to protect electronic components from environmental factors such as moisture, dust, and heat. SMT adhesives are used in Surface Mount Technology (SMT) for holding components on a PCB before soldering. Potting compounds are used to provide insulation and protection to electronic components. Structural adhesives are used for high-strength bonding of different materials in electronic devices.
Transceivers, Fiber Attach, Laser Assembly, Glob Top, Dam & Fill, LED Encap, PC, Tablet, Cell Phones, Others in the Global Electronic Adhesives Market:
The Global Electronic Adhesives Market finds its application in various areas such as Transceivers, Fiber Attach, Laser Assembly, Glob Top, Dam & Fill, LED Encap, PC, Tablet, Cell Phones, and others. In transceivers, these adhesives are used to bond the components together and provide mechanical strength. In fiber attach, they are used to attach optical fibers to connectors or other components. In laser assembly, they are used to assemble and package laser diodes. In glob top, they are used to encapsulate and protect IC chips. In dam & fill, they are used to create a barrier around components and then fill the enclosed area with a different adhesive. In LED encapsulation, they are used to encapsulate and protect LED chips. In PCs, tablets, and cell phones, they are used in various applications such as assembly, packaging, and thermal management.
Global Electronic Adhesives Market Outlook:
In terms of market outlook, the Global Electronic Adhesives Market is expected to witness significant growth in the coming years. In 2023, the market was valued at US$ 6587.7 million and is projected to reach US$ 10850 million by 2030, growing at a CAGR of 7.3%. This growth is primarily driven by the increasing demand for compact, lightweight electronic devices, and the growing trend of miniaturization in the electronics industry. Europe and Japan are the second and third largest markets respectively, accounting for 21.32% and 10.81% of the global market. The top three players in the market hold about 20% of the market share, while the top five account for about 25%. This indicates a fairly competitive market landscape with several key players vying for market share.
| Report Metric | Details |
| Report Name | Electronic Adhesives Market |
| Accounted market size in 2023 | US$ 6587.7 million |
| Forecasted market size in 2030 | US$ 10850 million |
| CAGR | 7.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | 3M, Henkel, ITW, DELO Industrial Adhesives, Dow, Huntsman, LORD Corp, H.B. Fuller, Hexion |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
