Electronics Adhesives Market Growth, COVID Impact, Trends Analysis Report Forecast to 2031

 As per a study by FMI, the global electronics adhesives market is anticipated to exhibit a CAGR of 8.6% during the forecast period 2021-2031 in comparison CAGR of 7.5% registered between 2016 and 2020. The market for electronic adhesives is expected to surpass a valuation of US$ 4.9 billion by the year 2031.

Polyurethane material accounts for nearly 50% of the global electronics adhesives market share. Driven by the characteristics such as a longer life cycle and thermal resistance, polyurethane is predicted to be the fastest-growing segment in terms of material, registering a CAGR of 8.5% over the course of the assessment period.

Leading market players are launching innovations in electronic adhesives to cater to industry-specific applications. For instance, DELO launched a new pressure-sensitive electronic adhesive to address the increasing demand for applications in smartphone speaker surfaces and display frames for low fill factor. The introduction of these innovative products is expected to drive market growth.

Asia-pacific is leading the global electronics adhesives market. Expansion of the automobile sector and consumer electronics sectors are expected to bolster the scope for application in the region.

“Key market players are increasing their investments in product development to cater to the rising demand for electronics adhesives due to on-going development of next-generation wireless 5G infrastructure network,” says the FMI analyst. 

Competitive Landscape

Market players are focusing on regional expansion strategies and acquisitions to strengthen their foothold. Besides this, some of the market players are focusing on strategic collaborations with regional distributors and end users to expand their customer base.

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Some of the leading companies operating in the electronics adhesives market are:

  • 3M
  • Dymax Corporation
  • DOW Chemical Company
  • Henkel AG & Co. KGaA
  • H.B. Fuller Company (Royal Adhesives & Sealants LLC)
  • Evonik Industries AG
  • Sika AG
  • Bostik AG
  • ThreeBond
  • Shin Etsu Silicones
  • Konishi Co, LTD.
  • TERAOKA SEISAKUSHO CO., LTD.
  • TOMOEGAWA
  • YAMATO Co., Ltd

Key Drivers

  • The growth of the automobile sector is expected to fuel the demand for electronic adhesives.
  • The rising need for anti-theft systems is creating growth opportunities for the market.
  • Increasing demand for encapsulation processes in the telecommunication and mobile industry will bolster market growth.
  • The surging adoption of laptops, smartphones, and tablets is spurring the sales of electronics adhesives.

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