Electronic Adhesives Market Key Findings by 2031
Analyst Perspective
The global electronic adhesives market is anticipated to register a CAGR of ~6%. Advancements in electronic technologies and increased demand for flexible and wearable electronics are major growth-driven factors for the electronic adhesive market. High operation costs, volatile raw material prices, and environmental guidelines related to VOC contents are restraining factors for the growth of the electronic adhesives market. Miniaturization of electrical devices such as laptops and mobiles has increased the usage of adhesives in encapsulation, and conformal coating types of applications are growth-driven factors for the electronic adhesive market. Overall, the demand for electronic adhesives will likely increase in the forecasted period due to technological advancement and innovation of new electronic devices.
Market Overview
Electronic adhesives are an integral part of the electronics industry, facilitating the bonding of various components. These adhesives are needed to bond and protect components that are becoming smaller, more delicate, and more complex. Electronic adhesives are common types: epoxy, polyurethane, acrylic, and others. The increased adoption of flexible electronics is an emerging trend in the electronics market that is expected to accelerate the demand for specialized adhesives. Flexible electronics refer to electronic devices and circuits designed to be bendable, stretchable, and conformable to various surfaces. The market of electronic adhesives is estimated to grow in a forecasted period owing to increased demand for electronic adhesives in the automotive and healthcare sectors.
Market Drivers
- Emerging trend for miniaturization in electronics
The demand for smaller, lighter electronic devices drives the need for advanced electronic adhesives. Manufacturers constantly strive to reduce the size and weight of their products while maintaining their performance, as consumers demand more compact devices.
- Increasing production of electronic devices
The increase in the production of electronic devices such as smartphones and smartwatches fuels the demand for electronic adhesives used in assembly and packaging.
- Increase in demand for electronics in the healthcare sector
Electronic components are a valuable part of devices in the healthcare sector. Medical electronic devices include pacemakers, hearing aids, drug-releasing pumps, and diagnostic equipment for monitoring, measuring, and recording body functions such as brain waves and heartbeats.
Market Segmentation
The global electronic adhesives market is segmented based on resin type and application. The global electronic adhesives market is segmented based on resin type into epoxy, silicone, acrylic, polyurethane, and others. The electronic adhesives market is segmented based on application into consumer electronics, semiconductor packaging, automotive electronics, aerospace, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives an overview and forecast of the global electronic adhesives market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The Electronic adhesives market by region is also sub-segmented by respective countries and segments. The Electronic adhesives market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the electronic adhesives market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the Electronic adhesives market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in electronic adhesives. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were partnerships & collaborations, and acquisitions. These activities have paved the way for the development of the business and customer base of market players. The market players in the Electronic adhesives market are anticipated to have lucrative growth opportunities with the increasing demand for electronic devices globally.
The report includes key companies' profiles, SWOT analysis, and electronic adhesives market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the electronic adhesives market.
- DOW
- HB Fuller
- 3M Company
- henkel ag & co
- Arkema group
- Sika ag
- RPM International
- Dymax corporation
- Covestro Ag
- Avery dennision
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electronic Adhesives Market - By Resin Type
1.3.2 Electronic Adhesives Market - By Application
1.3.3 Electronic Adhesives Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. ELECTRONIC ADHESIVES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ELECTRONIC ADHESIVES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ELECTRONIC ADHESIVES MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRONIC ADHESIVES - GLOBAL MARKET OVERVIEW
6.2. ELECTRONIC ADHESIVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRONIC ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7.1. OVERVIEW
7.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7.3. EPOXY
7.3.1. Overview
7.3.2. Epoxy Market Forecast and Analysis
7.4. ACRYLICS
7.4.1. Overview
7.4.2. Acrylics Market Forecast and Analysis
7.5. POLYURETHANE
7.5.1. Overview
7.5.2. Polyurethane Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ELECTRONIC ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONFORMAL COATINGS
8.3.1. Overview
8.3.2. Conformal Coatings Market Forecast and Analysis
8.4. SURFACE MOUNTING
8.4.1. Overview
8.4.2. Surface Mounting Market Forecast and Analysis
8.5. ENCAPSULATION
8.5.1. Overview
8.5.2. Encapsulation Market Forecast and Analysis
8.6. WIRE TACKING
8.6.1. Overview
8.6.2. Wire Tacking Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. ELECTRONIC ADHESIVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electronic Adhesives Market Overview
9.1.2 North America Electronic Adhesives Market Forecasts and Analysis
9.1.3 North America Electronic Adhesives Market Forecasts and Analysis - By Resin Type
9.1.4 North America Electronic Adhesives Market Forecasts and Analysis - By Application
9.1.5 North America Electronic Adhesives Market Forecasts and Analysis - By Countries
9.1.5.1 United States Electronic Adhesives Market
9.1.5.1.1 United States Electronic Adhesives Market by Resin Type
9.1.5.1.2 United States Electronic Adhesives Market by Application
9.1.5.2 Canada Electronic Adhesives Market
9.1.5.2.1 Canada Electronic Adhesives Market by Resin Type
9.1.5.2.2 Canada Electronic Adhesives Market by Application
9.1.5.3 Mexico Electronic Adhesives Market
9.1.5.3.1 Mexico Electronic Adhesives Market by Resin Type
9.1.5.3.2 Mexico Electronic Adhesives Market by Application
9.2. EUROPE
9.2.1 Europe Electronic Adhesives Market Overview
9.2.2 Europe Electronic Adhesives Market Forecasts and Analysis
9.2.3 Europe Electronic Adhesives Market Forecasts and Analysis - By Resin Type
9.2.4 Europe Electronic Adhesives Market Forecasts and Analysis - By Application
9.2.5 Europe Electronic Adhesives Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electronic Adhesives Market
9.2.5.1.1 Germany Electronic Adhesives Market by Resin Type
9.2.5.1.2 Germany Electronic Adhesives Market by Application
9.2.5.2 France Electronic Adhesives Market
9.2.5.2.1 France Electronic Adhesives Market by Resin Type
9.2.5.2.2 France Electronic Adhesives Market by Application
9.2.5.3 Italy Electronic Adhesives Market
9.2.5.3.1 Italy Electronic Adhesives Market by Resin Type
9.2.5.3.2 Italy Electronic Adhesives Market by Application
9.2.5.4 United Kingdom Electronic Adhesives Market
9.2.5.4.1 United Kingdom Electronic Adhesives Market by Resin Type
9.2.5.4.2 United Kingdom Electronic Adhesives Market by Application
9.2.5.5 Russia Electronic Adhesives Market
9.2.5.5.1 Russia Electronic Adhesives Market by Resin Type
9.2.5.5.2 Russia Electronic Adhesives Market by Application
9.2.5.6 Rest of Europe Electronic Adhesives Market
9.2.5.6.1 Rest of Europe Electronic Adhesives Market by Resin Type
9.2.5.6.2 Rest of Europe Electronic Adhesives Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electronic Adhesives Market Overview
9.3.2 Asia-Pacific Electronic Adhesives Market Forecasts and Analysis
9.3.3 Asia-Pacific Electronic Adhesives Market Forecasts and Analysis - By Resin Type
9.3.4 Asia-Pacific Electronic Adhesives Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Electronic Adhesives Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electronic Adhesives Market
9.3.5.1.1 Australia Electronic Adhesives Market by Resin Type
9.3.5.1.2 Australia Electronic Adhesives Market by Application
9.3.5.2 China Electronic Adhesives Market
9.3.5.2.1 China Electronic Adhesives Market by Resin Type
9.3.5.2.2 China Electronic Adhesives Market by Application
9.3.5.3 India Electronic Adhesives Market
9.3.5.3.1 India Electronic Adhesives Market by Resin Type
9.3.5.3.2 India Electronic Adhesives Market by Application
9.3.5.4 Japan Electronic Adhesives Market
9.3.5.4.1 Japan Electronic Adhesives Market by Resin Type
9.3.5.4.2 Japan Electronic Adhesives Market by Application
9.3.5.5 South Korea Electronic Adhesives Market
9.3.5.5.1 South Korea Electronic Adhesives Market by Resin Type
9.3.5.5.2 South Korea Electronic Adhesives Market by Application
9.3.5.6 Rest of Asia-Pacific Electronic Adhesives Market
9.3.5.6.1 Rest of Asia-Pacific Electronic Adhesives Market by Resin Type
9.3.5.6.2 Rest of Asia-Pacific Electronic Adhesives Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electronic Adhesives Market Overview
9.4.2 Middle East and Africa Electronic Adhesives Market Forecasts and Analysis
9.4.3 Middle East and Africa Electronic Adhesives Market Forecasts and Analysis - By Resin Type
9.4.4 Middle East and Africa Electronic Adhesives Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Electronic Adhesives Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electronic Adhesives Market
9.4.5.1.1 South Africa Electronic Adhesives Market by Resin Type
9.4.5.1.2 South Africa Electronic Adhesives Market by Application
9.4.5.2 Saudi Arabia Electronic Adhesives Market
9.4.5.2.1 Saudi Arabia Electronic Adhesives Market by Resin Type
9.4.5.2.2 Saudi Arabia Electronic Adhesives Market by Application
9.4.5.3 U.A.E Electronic Adhesives Market
9.4.5.3.1 U.A.E Electronic Adhesives Market by Resin Type
9.4.5.3.2 U.A.E Electronic Adhesives Market by Application
9.4.5.4 Rest of Middle East and Africa Electronic Adhesives Market
9.4.5.4.1 Rest of Middle East and Africa Electronic Adhesives Market by Resin Type
9.4.5.4.2 Rest of Middle East and Africa Electronic Adhesives Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electronic Adhesives Market Overview
9.5.2 South and Central America Electronic Adhesives Market Forecasts and Analysis
9.5.3 South and Central America Electronic Adhesives Market Forecasts and Analysis - By Resin Type
9.5.4 South and Central America Electronic Adhesives Market Forecasts and Analysis - By Application
9.5.5 South and Central America Electronic Adhesives Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electronic Adhesives Market
9.5.5.1.1 Brazil Electronic Adhesives Market by Resin Type
9.5.5.1.2 Brazil Electronic Adhesives Market by Application
9.5.5.2 Argentina Electronic Adhesives Market
9.5.5.2.1 Argentina Electronic Adhesives Market by Resin Type
9.5.5.2.2 Argentina Electronic Adhesives Market by Application
9.5.5.3 Rest of South and Central America Electronic Adhesives Market
9.5.5.3.1 Rest of South and Central America Electronic Adhesives Market by Resin Type
9.5.5.3.2 Rest of South and Central America Electronic Adhesives Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRONIC ADHESIVES MARKET, KEY COMPANY PROFILES
11.1. 3M COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ADCO GLOBAL, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ASHLAND INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. AVERY DENNISON CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BASF SE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. BOSTIK (ARKEMA GROUP)
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. COVESTRO AG
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. DOWDUPONT
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RPM INTERNATIONAL INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SIKA AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- 3M Company
- ADCO Global, Inc.
- Ashland Inc.
- Avery Dennison Corporation
- BASF SE
- Bostik (Arkema Group)
- Covestro AG
- DowDuPont
- RPM International Inc.
- Sika AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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