Electronic Adhesives Market Set to Surge, Riding High on Technological Advances and Growing Demand
The global Electronic Adhesives Market is poised for substantial growth, with a recent report indicating a valuation of USD 4.57 Billion in 2022, and a projected surge to USD 6.97 Billion by 2029. The market is expected to exhibit a robust CAGR of 6.2% during the forecast period from 2023 to 2029.
Market Dynamics:
Adhesives, crucial components in the assembly and fabrication of electronic circuits, have witnessed a surge in demand, primarily fueled by the rapidly evolving electronic sector. The surge is attributed to the burgeoning demand for consumer goods, the deployment of next-generation wireless 5G infrastructure networks, and an increased appetite for smartphones and electronic gadgets.
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Electronic Adhesives Market Report Scope and Research Methodology:
The report provides business statistics and analytical insights to help you understand the Electronic Adhesives market size, market share, growth, trends, demand, top players, industry profile, opportunities, value chain, end-users, types, and applications in plain language. The bottom-up approach was used to estimate the global and regional Electronic Adhesives market size. Both primary and secondary research methodologies were used to clearly present the Electronic Adhesives market structure.
In the secondary research method, data was collected from a selected set of sources. This method was used to gather information on Electronic Adhesives key players and current and past trends in the industry. The information gathered through secondary research was validated using the primary research method, in which Electronic Adhesives industry experts were interviewed.
The report also includes growth opportunities in micro and macro markets for stakeholders to invest in, with a detailed analysis of the competitive landscape and significant Electronic Adhesives competitors’ product offerings. SWOT analysis was used to identify the strengths and weaknesses of the Electronic Adhesives market.
North America’s Technological Prowess:
In North America, the electronic assembly industry has been a catalyst for technological advancements, propelling electronic adhesives beyond traditional lead solders. The region, home to major players like Dow Chemical Company (US), 3M Company (US), and H.B. Fuller (US), is witnessing constant innovation, research and development efforts, and strategic initiatives, paving the way for eco-friendly and non-toxic electronic adhesives.
Growing Need for Miniaturization and Automation:
The electronic adhesives market is witnessing a surge in demand, driven by the increasing need for miniaturization and automation in electronic devices. Applications ranging from surface-mounting to the manufacturing of electronic circuits across various industries, including computers, communications, consumer products, industrial, medical, and automotive, are propelling market growth.
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Electronic Adhesives Market Segmentation:
Epoxy Resin Segment is the fastest-growing Resin Type of the Electronic Adhesives Market
The market for electronic adhesives was led by the epoxy segment in 2022. Epoxy is the resin type that is most frequently used in electronics adhesives. Better adhesion, increased water resistance, increased stain resistance, increased resistance to blistering and cracking, and resistance to alkali cleaners are just a few of acrylic’s unique qualities.
Thermally Conductive Adhesives is the Fastest-Growing Product Type of the Electronic Adhesives Market.
The market for thermally conductive products was estimated to be worth Equipment related to electronics and electricity may malfunction due to heat-related problems in componentry. Thermally conductive materials provide heat-conducting channels and resist the build-up of heat in such situations. The most common types of resin used in the products are acrylic, silicone, and epoxy. Over the course of the forecast period, the electrically conductive product sector is anticipated to grow at a CAGR.
Communications is the Largest End-Use Industry of Electronic Adhesives Market.
Communications is the most significant end-use electronic adhesives market in terms of both volume and value. Data centres and racks are switching from wired to fiber-optic communication, which is straining optical transceiver capabilities and increasing the heat generated by high data volumes and fast speeds.
Electronic Adhesives Market Key Players are:
1. 3M Company (US) 2. Meridian Adhesives Group LLC ( US) 3. Dymax Corporation (US) 4. AVERY DENNISON CORPORATION (US) 5. H.B Fuller Company (US) 6. Master Bond Inc. (US) 7. Ellsworth Adhesives India PTY Limited (India) 8. Parker Hannifin Corporation (US) 9. DOWDuPont US) 10.Bondline Electronic Adhesives, Inc (US) 11.Creative Materials Inc (US) 12.Panacol-Elosol GmbH (Germany) 13.Evonik Industries AG (Germany) 14.BASF SE (Germany) 15.Heraeus Holding (Germany) 16.Henkel AG & Co. KGaA (Germany) 17.Tesa SE (Germany) 18.Bostik (France) 19.CondAlign As (Norway) 20.LG Chem Ltd. (South Korea) 21.Hitachi Chemical co., ltd. (Japan) 22.DIC Corporation (Japan)
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Key Questions answered in the Electronic Adhesives Market Report are:
- What is Electronic Adhesives?
- What will be the CAGR of the Electronic Adhesives market during the forecast period?
- What trends are expected to generate additional revenue for the Electronic Adhesives market?
- What are the opportunities for the Electronic Adhesives Market?
- What factors are driving the Electronic Adhesives market growth?
- Which company held the largest share in the Electronic Adhesives market?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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