According to a report published by The Brainy Insights, the global electronics adhesives market is expected to grow from USD 4.05 billion in 2021 to USD 7.19 billion by 2030, at a CAGR of 6.60% during the forecast period 2022-2030. Asia Pacific region emerged as the largest market for the global electronics adhesives market, with a 34.5% share of the market revenue in 2021. The Asia Pacific currently dominates the electronics adhesives market due to the factors like increasing urbanization and advanced technology in manufacturing processes increased the demand for printed circuit boards which leads to market development. Other than China, different countries, such as Japan, South Korea, and Singapore, are also anticipated to notice a substantial increase in the need for electronic adhesives during the projection time.
Electronic Adhesive Market Size by Application (Semiconductor & IC, & Printed Circuit Board), Resin Type (Acrylics, Epoxy, Polyurethane, Silicones, and Others), End-Use, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030
Leading companies in the industry include 3M, Bostik AG, DOW Chemical Company, H.B. Fuller Company (Royal Adhesives & Sealants LLC), Henkel AG & Co. KGaA, Dymax Corporation, Evonik Industries AG, Konishi Co, LTD., Shin Etsu Silicones, Sika AG, TERAOKA SEISAKUSHO CO., LTD., ThreeBond, TOMOEGAWA, YAMATO Co., Ltd., among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.
The application segment is divided into semiconductor & IC, & printed circuit board. The printed circuit board segment dominated the electronics adhesives market, with a market share of around 57% in 2021. The resin-type segment is divided into acrylics, epoxy, polyurethane, silicones, and others. The epoxy segment dominated the market, with a market share of around 27% in 2021. The end-user segment of the electronics adhesives market is divided into computers & servers, communications, industrial, and consumer electronics. The consumer electronics segment dominated the market, with a market share of around 28% in 2021.
The pandemic of covid-19 has highly impacted manufacturing units. The pandemic has arrived in waves, and various markets have overcome the initial impact. The electronic adhesive market also notices a growth percentage despite the initial setbacks during the pandemic. Regardless, the electronics manufacturing market suffered a fallback due to the demand and workforce shortage. The condition of the worldwide supply chain is also a significant factor in the slow growth of the electronic adhesive market.
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