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Electronics Adhesives Market

Electronics Adhesives Market (Material - Epoxies, Polyurethanes, Silicones, and Acrylics; Product Type - Electrically Conductive, Thermally Conductive, and Ultraviolet Curing; Application - Conformal Coating, Encapsulation, Surface Mounting, and Wire Tacking) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2020

Electronics Adhesives Market: Snapshot

The global electronics adhesives market is characterized by the growing presence of leading players in the emerging economies of Asia Pacific. This region presents a mammoth opportunity for all those involved in the production, sales, and distribution of electronics adhesives. As a result, an increasing number of market players have been considering the expansion into Asia Pacific as a major strategic move for a wider reach and to strengthen their position in the global market.

Apart from this, the market for electronics adhesives is anticipated to benefit from the rising demand for more compact and lighter components from the electronics industry. Add to this, the growing penetration of the Internet of Things (IoT). The surging adoption of connected devices has transformed the way electronic appliances are built, giving players a significant opportunity to make the most of this trend.

As per the projection of this business intelligence study, the demand in the global electronics adhesives market will expand at an impressive 12.03% CAGR from 2017 to 2020, with the overall valuation estimated to reach US$6,397.7 million by 2020.

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Asia Pacific: Host of Economic Benefits on Offer

This report on the global market for electronics adhesives comprises five regional segments: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The volume of the APAC electronics adhesives market is poised to rise by more than 10.1% each year from 2017 to 2020, and attain a demand valuation of US$4,055.5 million at the end of the forecast period. The analyst of the report has estimated that Asia Pacific will produce a demand for 1,230.9 tons of adhesive materials such as epoxy, silicone, polyurethane, and acrylic by the end of 2020.

The value share of the APAC electronics adhesives market was pegged at 61.4% in 2017, amounting to US$921.7 million. The active use of electronics adhesives in Asia Pacific can be attributed to the strengthening presence of electronics device manufacturers mainly in China, India, and South Korea. The abundance of raw material, low labor costs, and technological expertise are some of the key benefits that the region offers, making it the most lucrative market for electronics adhesives. Apart from Asia Pacific, North America also presents a multi-million dollar opportunity over the course of the forecast period.

Electronics Adhesives for Surface Mounting Present Significant Opportunities

Electronics adhesives find application is encapsulation, conformal coating, wire tracking, and surface mounting. Surface mounting adhesives form the largest application segment and are likely to continue their dominance throughout the forecast period of this business report. The opportunities in this segment are evaluated to amount to US$1,983.3 million by 2020, exhibiting a strong CAGR of 14.3% during 2017 to 2020. The surface mounting segment is projected to hold a 31% share in the electronics adhesives market by the end of the forecast period thanks to the surging demand for PCB-based electronics devices across various sectors such as automotive, consumer durables, and industrial.

The report also segments the global electronics adhesives market on the basis of material, into polyurethanes, silicones, arcylics, epoxies, and others. Acrylic is the most widely used material for electronics adhesives and their impressive performance characteristics are expected to drive this material-type segment at a robust 22.0% CAGR. Accounting for a share of over 40% by 2020, electrically conductive adhesives are likely to emerge as the largest product type in the coming years.

3M Company, Dymax Corporation, Dow Corning, Evonik Industries AG, Henkel AG & Co. KGaA, and H.B. Fuller Company are some of the prominent companies operating in the global market for electronics adhesives.

Advances in Electronics Adhesives Market Contribute to Longevity of Electronics Components

Electronics adhesives are a key component used in manufacturing electronics where they are used in numerous applications in printed circuit boards. Some of the typical applications electronics adhesives find extensive use are bonding of heat sinks, plastic housings, bonding of surface mount devices, conformal coatings, wire tacking, potting and encapsulation. To meet the end users demand in the best way, electronics adhesives market players are researching on new chemistries based on acrylics, epoxies, polyurethanes, and silicones. Key attributes adhesive manufacturers focus on are long shelf life, wet strength, curing time, non-stringing, and temperature compatibility. The growing demand for conformal coatings has also brought advancements in the bonding process. Apart from this, the methods used to apply electronics adhesives also have gained substantial attention among manufacturers and adhesive formulators in the electronics adhesives market. For instance, electronics adhesives must stay intact under high temperature peaks and high processing requirements. The ease of dispensing and the environmental factors under which adhesives undergo curing are also key to bolstering the expansion of avenues for market players.

Numerous companies are focused on expanding their portfolio of potting and encapsulation adhesives. Further, the electronics manufacturing has seen new forces of demand and supply gaining attention among businesses and buyers due to COVID-19-led macroeconomic disruptions. The post-pandemic world is recently witnessing surge in demand for high-end electronics in commercial applications. Also, demand for new electronics to support enterprise IoT deployment is also expected to open new avenues in the electronics adhesives market. Further, growing interest of consumers for connected IoT devices in the last few months has also positively favoured the expansion of the electronics adhesives market. Advances in resin chemistries and the use of state-of-the art plastic molding technologies will help adhesive manufactures to unveil high-performance adhesive formulations to meet the needs of the electronics adhesives market in the coming few years’ span.

Electronics Adhesives Market

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Table of Content

1. Executive Summary

2. Assumptions & Acronyms Used

3. Research Methodology

4. Market Overview
    4.1 Introduction
         4.1.1 Market Taxonomy
         4.1.2 Market Definition
    4.2 Economic Overview
    4.3 Market Dynamics
         4.3.1 Drivers
         4.3.2 Restraints
         4.3.3 Opportunities
         4.3.4 Value Chain
    4.4 Electronics Adhesives Market Forecast
    4.5 Market Trends

5. Global Electronics Adhesives Market, By Material Type
    5.1 Introduction
         5.1.1 Y-o-Y Growth Comparison, By Material Types
         5.1.2 BPS Analysis, By Material Types
    5.2 Electronic Adhesives Market Size and Forecast, By Material Types
         5.2.1 Epoxies
         5.2.2 Polyurethanes
         5.2.3 Silicones
         5.2.4 Acrylics
         5.2.5 Others
    5.3 Market Attractiveness Analysis, By Material Types
    5.4 Market Trends

6. Global Electronics Adhesives Market, By Product Types
    6.1 Introduction
         6.1.1 Y-o-Y Growth Comparison, By Product Types
         6.1.2 BPS Analysis, By Product Types
    6.2 Electronic Adhesives Market Size and Forecast, By Product Types
         6.2.1 Electrically Conductive
         6.2.2 Thermally Conductive
         6.2.3 Ultraviolet Curing
         6.2.4 Others
    6.3 Market Attractiveness Analysis, By Product Types
    6.4 Market Trends

7. Global Electronics Adhesives Market, By Applications
    7.1 Introduction
         7.1.1 Y-o-Y Growth Comparison, By Applications
         7.1.2 BPS Analysis, By Applications
    7.2 Electronic Adhesives Market Size and Forecast, By Applications
         7.2.1 Surface Mounting
         7.2.2 Wire Tacking
         7.2.3 Encapsulation
         7.2.4 Conformal Coating
    7.3 Market Attractiveness Analysis, By Applications
    7.4 Market Trends

8. Global Electronic Adhesives Market, By Regions
    8.1 Introduction
         8.1.1 Y-o-Y Growth Comparison, By Regions
         8.1.2 BPS Analysis, By Regions
    8.2 Electronic Adhesives Market Size and Forecast, By Regions
         8.2.1 North America
         8.2.2 Europe
         8.2.3 Latin America
         8.2.4 Asia Pacific
         8.2.5 Middle East & Africa
    8.3 Market Attractiveness Analysis, By Regions
    8.4 Market Trends

9. Competitive Landscape
    9.1 Competition Dashboard
    9.2 Company Profiles
         9.2.1 Henkel AG & Co. KGaA
         9.2.2 H.B. Fuller Company
         9.2.3 3M Company
         9.2.4 Evonik Industries AG
         9.2.5 Dymax Corporation
         9.2.6 Dow Corning

List of Tables

Table 1: Global Electronics Adhesives Consumption Forecast, By Material Type, 2013–2020 ('000 Tons)
Table 2: Global Electronics Adhesives Market Size Forecast, By Material Type, 2013–2020 (US$ Mn)
Table 3: Global Electronics Adhesives Consumption Forecast, By Product Type, 2013–2020 ('000 Tons)
Table 4: Global Electronics Adhesives Market Size Forecast, By Product Type, 2013–2020 (US$ Mn)
Table 5: Global Electronics Adhesives Consumption Forecast, By Application, 2013–2020 ('000 Tons)
Table 6: Global Electronics Adhesives Market Size Forecast, By Applications, 2013–2020 (US$ Mn)
Table 7: Global Electronics Adhesives Market Size Forecast, By Regions, 2013–2020 (US$ Mn)
Table 8: Global Electronics Adhesives Consumption Forecast, By Regions, 2013–2020 ('000 Tons)

List of Figures

Figure 1: Global Smartphone & Tablet Shipment (million units) (2013–2020)
Figure 2: Global Semiconductors Shipment (million units) (2013–2020) 
Figure 3: Global Electronics Consumer Appliance Market (million units) (2013–2020)
Figure 4: Global Automotive Telematics Market (US$ millions) (2013–2020)
Figure 5: Global Electronics Adhesives Market Volume Forecast and Y-o-Y Growth, 2013–2020 (‘000 tons) (%)
Figure 6: Global Electronic Adhesives Market Absolute $ Opportunity, 2013–2020 (US$ Bn)
Figure 7: Global Electronics Adhesives Market Value By Material Type, 2014 & 2020 (US$ Mn)
Figure 8: Global Electronics Adhesives Market Value Y-o-Y Growth By Material Type, 2014–2020 (%)
Figure 9: Global Electronics Adhesives Market Value Share By Material Type, 2014 & 2020 (%)
Figure 10: Global Silicones Electronics Adhesives Volume Forecast, 2012–2020 (‘000 Tons)
Figure 11: Global Polyurethane Electronic Adhesives Market Volume Forecast, 2012–2020 (‘000 Tons)
Figure 12: Global Epoxies Electronics Adhesives Market Volume Forecast, 2012–2020 (‘000 Tons)
Figure 13: Global Acrylics Electronics Adhesives Volume Forecast, 2012–2020 (‘000 Tons)
Figure 14: Global “Others Material Type” Electronics Adhesives Volume Forecast, 2012–2020 (‘000 Tons)
Figure 15: Global Electronics Adhesives Market Attractiveness Index, by Material Types, 2014 –2020 (%)
Figure 16: Global Electronics Adhesives Market Value By Product Type, 2014 & 2020 (US$ Mn)
Figure 17: Global Electronic Adhesives Market, Y-o-Y Growth By Product Type, 2014–2020 (%)
Figure 18: Electronics Adhesives Market Value Share & Basis Points Analysis, By Product Type 2014 & 2020 (%)
Figure 19: Electrically Conductive Adhesives Market Volume Forecast and Y-o-Y Growth, 2013–2020 (‘000 Tons)
Figure 20: Encapsulation Adhesives, Volume Forecast and Y-o-Y Growth, 2013–2020 (‘000 Tons)
Figure 21: Ultraviolet Curable Electronics Adhesives Market Volume Forecast, 2013–2020 (‘000 Tons)
Figure 22: Others Type Electronics Adhesives Market Volume Forecast, 2013–2020 (‘000 Tons)
Figure 23: Global Electronics Adhesives Market Attractiveness, Product Type Segment (2014–2020)
Figure 24: Global Electronics Adhesives Market Value By Application, 2014 & 2020 (US$ Mn)
Figure 25: Global Electronics Adhesives Market, Y-o-Y Growth By Application, 2014–2020 (%)
Figure 26: Electronics Adhesives Market Value Share & Basis Points Analysis, By Application 2014 & 2020 (%)
Figure 27: Conformal Coating Adhesives, Volume Forecast and Y-o-Y Growth, 2013–2020 (‘000 Tons)
Figure 28: Encapsulation Adhesives, Volume Forecast and Y-o-Y Growth, 2013–2020 (‘000 Tons)
Figure 29: Surface Mounting Adhesives, Volume Forecast and Y-o-Y Growth, 2013–2020 (‘000 Tons)
Figure 30: Wire Tacking Adhesives, Volume Forecast and Y-o-Y Growth, 2013–2020 (‘000 Tons)
Figure 31: Global Electronics Adhesives Market Attractiveness Index, By Application, 2014–2020 (%)
Figure 32: Global Electronics Adhesives Market Value By Region, 2014 & 2020 (US$ Mn)
Figure 33: Global Electronics Adhesives Market Value Y-o-Y Growth By Region, 2014–2020 (%)
Figure 34: Global Electronics Adhesives Market Value Share by Region, 2014 & 2020 (%)
Figure 35: Asia Pacific Electronics Adhesives Market Volume Forecast, 2013–2020 (‘000 Tons)
Figure 36: North America Electronics Adhesives Market Volume Forecast, 2013–2020 (‘000 Tons)
Figure 37: Europe Electronics Adhesives Market Volume Forecast, 2013–2020 (‘000 Tons)
Figure 38: Latin America Electronics Adhesives Market Volume Forecast, 2013–2020 (‘000 Tons)
Figure 39: Middle East & Africa Electronic Adhesive Market Volume Forecast, 2013–2020 (‘000 Tons)
Figure 40: Global Electronics Adhesives Market, Geographical Segment Attractiveness, (2014–2020)

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