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Electronic Adhesives Market Trends

Report ID: GMI7501
Published Date: Nov 2023
Report Format: PDF

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Electronic Adhesives Market Trends

The electronic adhesives industry is witnessing several notable trends. One prominent trend is the growing demand for environmentally friendly and sustainable adhesives, reflecting an industry-wide commitment to eco-conscious practices. The rise of miniaturization in electronic devices is driving the need for adhesives with superior bonding strength in compact spaces. Conductive adhesives are gaining traction with the increasing popularity of flexible and wearable electronics. Moreover, the market is experiencing a surge in research and development activities, focusing on advanced formulations to meet specific performance requirements such as thermal conductivity and resistance to harsh environmental conditions. The expansion of electronic applications in automotive electronics, medical devices, and the aerospace sector is also contributing to the evolving landscape of the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for electronic adhesives was valued at around USD 4.35 billion in 2022 and is estimated to reach USD 7.75 billion by 2032, propelled by factors such as the continuous miniaturization of electronic components, and the demand for conductive adhesives in flexible and wearable electronics.

The surface mounting segment will drive the industry growth through 2032, as electronic devices continue to undergo miniaturization, requiring precise and efficient adhesion of components onto PCBs.

U.S. market size for electronic adhesives was worth USD 1.12 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The continuous innovation and development in the electronics industry, coupled with the increasing demand for smart devices, are anticipated to propel the need for high-performance electronic adhesives.

3M, Henkel AG & Co. KGaA, Dow Chemical Company, H.B. Fuller Company, Hitachi Chemical Co., Ltd., Indium Corporation, Kyocera Chemical Corporation, Mitsui Chemicals, Inc., and Nagase Chemtex Corporation among others.