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 structural integrity and protection against environmental factors. In 2023, the market value of electronic adhesives was estimated at US$ 6587.7 million. The market has been growing steadily and is projected to reach a value of US$ 10850 million by 2030, indicating a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period of 2024 to 2030.
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 based on their properties and applications. These include Optical Adhesive, Liquid Encapsulant, SMT Adhesive, Potting Compound, Structural Adhesive, and others. Each of these adhesives has unique characteristics that make them suitable for specific applications in the electronics industry. For instance, Optical Adhesives are used in optical devices for bonding and sealing purposes, while Liquid Encapsulants are used to encapsulate electronic components to protect them from environmental factors. Similarly, SMT Adhesives are used in Surface Mount Technology (SMT) for bonding components onto printed circuit boards. Potting Compounds are used to fill electronic assemblies for insulation and protection, and Structural Adhesives are used for bonding and assembling electronic components.
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 applications in various areas of the electronics industry. These include Transceivers, Fiber Attach, Laser Assembly, Glob Top, Dam & Fill, LED Encap, PC, Tablet, Cell Phones, and others. For instance, in Transceivers, electronic adhesives are used to bond and seal the components. In Fiber Attach, they are used to attach optical fibers to connectors or other components. In Laser Assembly, electronic adhesives are used to assemble and bond laser components. In Glob Top, they are used to encapsulate and protect integrated circuits. In Dam & Fill, they are used to create a barrier around components and then fill the enclosed area with another adhesive. In LED Encap, they are used to encapsulate LEDs for protection. In PCs, Tablets, and Cell Phones, electronic adhesives are used in various applications such as bonding components, sealing, and protection.
Global Electronic Adhesives Market Outlook:
Looking at the market outlook, the Global Electronic Adhesives Market is showing promising growth. In 2023, the market was valued at US$ 6587.7 million. It is expected to grow at a CAGR of 7.3% from 2024 to 2030, reaching a projected value of US$ 10850 million by 2030. This growth is primarily driven by the increasing demand for electronic adhesives in various applications in the electronics industry. Europe and Japan are significant contributors to this market, accounting for 21.32% and 10.81% of the market share, respectively. The top three players in the market hold about 20% of the market share, while the top five account for about 25%.
| 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 |
