Electrical & Electronics Adhesives Market Size

 

The global market for electrical and electronic adhesives was valued at US$4.3 billion in 2018 and is expected to grow at a CAGR of 6.7% between 2019 and 2025. Expansion of the electrical and electronics industry through various innovations and growth in sales of consumer electronics Increasing the demand for adhesives.

The electrical and electronics sector is undergoing major changes due to increased production capacity and relentless investment in research and development. In addition, there is currently a growing market demand for electrical and electronic devices in both developed and developing countries. The low operating and labor costs of production, especially in China, are conducive to the production of various products and equipment.

US Electric and Electronic Adhesives Market

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The popularity of medical devices and wearable devices is growing rapidly. Increased demand for adhesives for bonding various assemblies in medical devices is expected to drive market growth over the forecast period. Acrylic adhesives for electrical and electronic products have performance characteristics that reduce the total cost of equipment and reduce labor-intensive procedures in the manufacture of electrical and electronic products.

In recent years, adhesives have replaced various fixation systems in the medical sector. Products such as structural, non-structural and pressure sensitive adhesives are used in many areas. Without any surface preparation, substrates such as plastic, rubber and metal can be bonded using bonding materials such as adhesives.

The market is mainly driven by the growing demand for printed circuit board (PCB) adhesives. Applications such as wire tracing, component sealing and encapsulation, PCB conformal coatings, and surface mount component bonding require different types of products, such as adhesives, for bonding. The growing demand for computers, laptops, smartphones, household appliances, energy and industrial equipment, navigation and control systems, aerospace control and test equipment requires a large number of adhesive products. The growing demand for these products is likely to benefit the electrical and electronic adhesives market during the forecast period.

Product information

In 2018, the Thermal Conductive Products segment was valued at $1.3 billion. Overheating problems in components can cause electrical and electronic devices to malfunction. Heat-conducting products in such cases provide heat-conducting paths and prevent the rise of heat. Silicone, epoxy and acrylic are some of the common types of resins used in products.

In volume terms, the electrical conductive product segment is projected to grow at a CAGR of 6.2% between 2019 and 2025. Applications such as surface mount devices and integrated circuits require electrical conductivity to ensure proper operation. Improving product efficiency and profitability is expected to drive market growth.

 

The UV Curing Products segment is expected to grow at the fastest pace during the forecast period. High-performance electrical and electronic devices require good insulating properties and thermal conductivity, which is likely to contribute to the growth of this segment. Other products in this segment include polyimides, silicone and cyanoacrylates.

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Application statistics

In terms of volume, surface mount devices were the largest application segment, accounting for 43.2% of the market share in 2018. The expansion of the electrical and electronics manufacturing sector worldwide is a major key driver of demand for adhesives. According to the Japan Electronics and Information Technology Industries Association (JEITA), the global electronics and information technology industry was estimated at US$2.930 billion in 2019.

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