Electronics Adhesives Market is estimated to expand at a healthy CAGR of more than 8% over the forecast period of 2021-2031

The increasing demand for electric vehicles across the globe is one of the key factors driving the global electronics adhesives market. As per analysis by Future Market Insights (FMI), the global electronics adhesives market is estimated to expand at a healthy CAGR of more than 8% over the forecast period of 2021-2031.

The automotive sector has witnessed notable growth in recent years, which is expected to continue in the coming decade, with the influx of electric vehicles and the incorporation of electronic systems in automotive models. Strong demand from the automotive and mobile and telecommunications industries is expected to fuel growth of the electronics adhesives sector. The demand for polyurethane adhesives is extremely high, will continue to hold a major market share over the next decade.

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The demand for electronics adhesives is anticipated to increase substantially in the near future owing to the growing applications in consumer electronics, driven by the growth in population and rise in disposable incomes.

Key Takeaways from Electronics Adhesives Market Study

• Polyurethane adhesives will hold dominant market share of over 50% through the end of 2031, owing to extensive use in automotive systems.
• Electronics adhesive applications in the mobile and telecommunication sector is expected to reflect a 9.1% CAGR, owing to the widespread penetration of these technologies.
• Increasing requirements for surface mounting technology as an alternative for welding and soldering has accounted for over 16% of the market in 2021.
• Steadily increasing passenger vehicle production will drive growth in the U.S. It is expected to account for 82% of sales in North America in 2021.

• China is the largest and fastest growing market for electronics adhesives holding 43% of the East Asia market due to its presence as an international manufacturing hub.

Who is Winning?

The global electronics adhesives market has been identified as a moderately consolidated market, with the Tier-1 manufacturers accounting for a significant share of the overall revenues, particularly in North America and Europe.

Some of the leading players included in the report are 3M, Dymax Corporation, DOW Inc., 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., and TOMOEGAWA, YAMATO Co., Ltd. which are anticipated to create a tough competitive environment at the global level.

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