Electronic Adhesives Market By Form (Liquid, Paste, Solid), By Application (Printed Circuit Board, Semiconductor & IC), By Type (Electrically Conductive, Thermally Conductive, UV Curing) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

The global electronic adhesives market was valued at USD 4.69 billion in 2016. The electronic adhesives market is mainly driven by the increasing trend of miniaturization of mobile phones and tablets, which led to an increase in demand for smaller components and, hence, the growth of the electronic adhesives market. These adhesives are primarily used in the manufacturing and assembly of electronic circuits and products. Resins used in the manufacturing of electronic adhesives help enhance the functionality of the adhesives.

Liquids accounted for 70% of the global market's revenue share in 2016 and are expected to maintain their dominance throughout the forecast period of 2017 to 2025. However, solid-form adhesives are anticipated to be the fastest-growing segment during the forecast period of 2017 to 2025.

By type, electrically conductive materials accounted for the largest share of around 50% of the global market in terms of revenue in 2016. Electrically conductive adhesives possess some superior properties, such as shock absorption, moisture resistance, and chemical resistance. UV curing is projected to exhibit the fastest growth during the forecast period owing to properties such as better scratch and abrasion resistance, high bond strength, and environmentally friendly nature.

In 2016, PCB applications accounted for the largest share in terms of value. It is also projected to grow at a CAGR of 10.5% during the forecast period of 2017 to 2025. Rising demand from the conformal coatings and bonding industries in Asia-Pacific, the Middle East, and Africa increased PCB demand in these regions.

In 2016, the electronic adhesives market by region was dominated by Asia-Pacific, which accounted for more than 60% of the market share. Asia-Pacific was followed by North America and Europe. High economic growth rates, expanding manufacturing industries, cheap labor, increasing electronic adhesives patents, expansion, and a global shift of consumption and production capacity from developed markets to emerging markets are some of the factors driving the Asia-Pacific electronic adhesives market's growth.

Companies such as Alent Plc (U.K.), BASF SE (Germany), The Dow Chemical Co. (U.S.), H.B. Fuller (U.S.), and Henkel AG & Co., KgaA (Germany) are the dominant players in the global electronic adhesives market. Players present in the market have a diverse product portfolio, strategically positioned R&D centers, and continuous technological advancement, which helps them to strengthen their market position in the electronic adhesives market.

The report titled "Global Electronic Adhesives Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global electronic adhesives market along with the market size and estimates for the duration of 2017–2025. The said research study covers an in-depth analysis of multiple market segments based on type, form, application, and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

The report also includes profiles of the leading electronic adhesives manufacturers, as well as their product portfolios and key developments, to assist strategic decision-makers.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the electronic adhesives industry
  • Market drivers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global electronic adhesives market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

For the purpose of this study, the global electronic adhesives market by type is categorized into:

  • Electrically Conductive
  • Thermally Conductive
  • UV Curing
  • Others

In 2016, on the basis of type, the electronic adhesive market was dominated by the electrically conductive segment. This segment is projected to witness a growth of over 10% between 2017 and 2025. Growth in this segment was attributed to the increasing use of electronic components in different industries, such as aerospace, automotive, and consumer electronics, among others. Electrically conductive adhesives (ECA) are used as a replacement for traditional tin-lead solders. ECAs are primarily used to join two surfaces and also form an electrical connection between the two bonded surfaces, which allows the passage of electric current. Thermally conductive adhesives are the second-largest segment, projecting a CAGR of approximately 9% during the forecasted period. This growth can be attributed to the increasing demand for encapsulation and heat sink attachment applications, which has fueled the production capacity of thermally conductive adhesives in the region.

For the purpose of this study, the global electronic adhesives market by application is categorized into:

  • Printed Circuit Board
  • Semiconductor and IC

The semiconductor and IC applications are projected to exhibit the fastest growth between 2017 and 2025. The semiconductor and IC segment in the electronic adhesives application market is being driven by rising demand for IC packaging, die to attach, substrate bonding, and encapsulates.

In 2016, printed circuit boards accounted for the majority of the electronic adhesives application market. The increasing demand for electronic adhesives from the encapsulation and electronic industries, increasing R&D activities, and circuit molding industries have led to the growth of electronic adhesives in the PCB industry. Whereas the increasing trend of miniaturization and automation of mobile phones, tablets, and so on, and IC packaging applications, are the factors that are leading to rising demand for electronic adhesives in the semiconductor and IC industries.

On the basis of geography, the global electronic adhesives market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Rest of Europe
  • Asia Pacific
  • China
  • Taiwan
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa
  • Saudi Arabia
  • Africa
  • Rest of the Middle East and Africa

Asia-Pacific is projected to exhibit the fastest growth due to the presence of technologically advanced and emerging economies such as China, Japan, India, and Taiwan. The growth is mainly due to the expanding electronic industry, extensive patent activities adopted by major established players, and various expansion activities for the development of electronic adhesives and their potential applications. Asia-Pacific is also the largest market, with a market share of approximately 60.0%, in terms of value, in 2016. In the same year, Asia-Pacific was followed by North America in terms of market revenue. The North American market has considerable market demand and production capacity for electronic adhesives. North America has a technological edge in terms of consumer electronics. The increasing expansion and merger and acquisition activities adopted by key participants drive the growth of electronic adhesives in North America.

Frequently Asked Questions:

The market for Electronic Adhesives is expected to reach US$ 4.69 Bn in 2025.

The Electronic Adhesives market is expected to see significant CAGR growth over the coming years,at 10.9%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

BASF SE,The Dow Chemical Company,HB Fuller,Henkel AG & Co. KGaA,Indium Corporation are some of the major players in the global market.

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Published Date:  Aug 2017
Category:  Advanced Materials
Report ID:   58632
Report Format:   PDF
Pages:   120
Rating:    4.8 (70)
Delivery Time: 24 Hours to 48 Hours   
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