Mounting preference for surface mounting in the electronics industry, adoption of advanced printed circuit board (PCB) technology, and expanding electric vehicles (EVs) fleet are key factors shaping the growth curve of the electronics adhesives market. As per FMI analysis, the global electronics adhesives market is projected to reach a market value of US$ 13 Bn by 2030, expanding at a CAGR of 8% during the forecast period of 2020-2030.
While the electronics adhesives market is projected to grow at a healthy pace, the ongoing COVID-19 pandemic is anticipated to have a significant impact on the short-term demand for electronics adhesives. The COVID-19 pandemic has resulted in the shutdown of manufacturing activities across continents, disturbing supply chain networks to a huge extent. The pandemic will also have a measurable impact on the global economy and consumer spending trends in the near term. As such, the electronics adhesives market will experience a sharp decline during 2020-21, and is likely to recover rapidly after this period.
“As the electronics industry aggressively move towards the miniaturization of devices, along with a more agile approach towards reducing VOC emissions, market players are focused on developing electronics adhesives with low VOC emissions and superior adhesive properties”.
For More Detailed Insights on Electronics Adhesives Market
Key Takeaways from Electronics Adhesives Market Study
- Miniaturization of electronic components and circuit boards to significantly drive the electronics adhesives market.
- Adoption of electronics adhesives would be prominent in conformal coatings and surface mounting applications, given the rising demand for consumer electronics and appliances.
- High elasticity, flexibility, and heat resistance properties make silicone electronics adhesives highly sought-after across several end-use sectors.
- Mobile and telecommunication devices would remain key end uses, owing to the growing demand for consumer electronics.
- East Asia, being the manufacturing hub for electronic devices and components, is anticipated to witness rapid growth in the electronics adhesives market.
Electronics Adhesives Market: Participant Insights
Key manufacturers in the electronics adhesives market, such as Henkel AG & Co. KGaA, Dow Chemical Company, Sika AG, 3M Company, Wacker Chemie AG, and HB Fuller, are focused on strengthening their product portfolios and expanding their market footprint through the acquisition of smaller companies.
To Know More About Electronics Adhesives Market
A new market research report published by Future Market Insights (FMI) on the global electronics adhesives market report offers in-depth insights into the market demand trends and assessment of opportunities during the forecast period. The report analyses the electronics adhesives market through four different segments - material, application, end use, and region. The electronics adhesives market report also offers detailed analysis of pricing analysis by different material, material demand across various end-use industries, and patent analysis in the market.
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