ELECTRONICS ADHESIVES MARKET ANALYSIS

Electronics Adhesives MarketSize and Trends

The global electronic adhesives market is projected to surpass US$ 17.7 Billion by the end of 2030, in terms of revenue, growing at a CAGR of 11.3% during the forecast period (2023 to 2030).

Geographically, Asia Pacific dominated the global electronic adhesives market in 2022, reporting a 65% market share in terms of revenue, followed by Europe and North America, respectively.

On the basis of application, in 2022 surface mounting accounted for the largest market share of 30% in terms of revenue, followed by conformal coating and encapsulation, respectively.

Market Trends

Many manufacturers are following the trend of introducing novel electrical solutions in order to meet the rising demand around the globe is propelling the market growth. For instance, in August 2022, Techsil announced an agreement to supply Canada-based M.G. Chemicals’ popular, high-performance range of adhesives, sealants, coatings, and cleaners to the U.K.’s electronics manufacturing sector. This adhesive is high quality and high-performance ideal solution for the electronics industry. Therefore, innovation in the electrical adhesive is augmenting the market growth over the forecast period.

The rising trend of adopting smart strategies such as mergers and acquisitions among major players in the electrical adhesive market to gain a competitive edge is propelling market growth over the forecast period. For instance, in March 2022, Chemence, Inc., a producer of specialized adhesives, sealants, and resins, acquired the electronics adhesive business and technology of Georgia-based manufacturer Supreme Recourses, Inc.