HIGH PERFORMANCE ADHESIVES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Increasing Demand from Electrical and Electronics Industry

The electrical and electronics industry has seen tremendous growth over the last decade owing to widespread digitalization. Miniaturization of devices and integration of multiple functions have been made possible through advances in microelectronics. This has propelled the demand for high-performance adhesives from this end-use sector.

Adhesives play an indispensable role in bonding various components in printed circuit boards, semiconductor devices, displays, and other electronic modules. Properties such as thermal conductivity, electrical insulation, and resistance to moisture and vibration are key requirements. Epoxy and polyurethane adhesives remain widely adopted for applications requiring structural integrity and protection from environmental factors. Thermally conductive adhesives effectively dissipate heat generated during operations, preventing device malfunctions. Conformal coatings formed using silicones protect delicate internal circuitry from humidity and contamination.

With 5G technology and proliferation of IoT devices, opportunities have surged for adhesives enabling miniaturization. Advanced encapsulation and underfilling adhesives allow the mounting of miniature surface mount components at high density on increasingly thin substrates. Rapid development of flexible hybrid electronics and wearables has boosted the consumption of high-performance light-curing and heat-curing adhesives compatible with sensitive components and roll-to-roll processing. Growing demand for mini-LED displays and boards is further propelling R&D into nanometer resolution adhesives.