Electronics Adhesives Market by Player, Region, Type, Application and Sales Channel 2019–2027
Electronics adhesives are a type of glue used to assemble electronic components because they have a high binding strength. Electronic adhesives cure quickly and are resistant to water and many other substances. It also has a low coefficient of thermal expansion, which increases electrical and thermal conductivity. They are applicable to portable device materials solutions, wearable sealing and assembly, PCB assembly, circuit board protection, fingerprint sensor, image sensor, flat panel display, and automobile. Electronic adhesives include low temperature, fast cure liquids, reactive hot melts, light cure materials, 2K liquids, Polyurethane, Silicone, and Film.
The global electronic adhesives market is projected to surpass US$ 14.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 12.1% during the forecast period (2019 to 2027).
Based on their qualities, electronic adhesives are categorised into four types: thermally conductive, electrically conductive, UV curing, and others. The most prominent categories of the electronics adhesives market are electrically conductive and thermally conductive. The UV curing adhesives market has grown the fastest in recent years.
Electrically conductive adhesives are being researched as an alternative for traditional tin-lead solders due to their superior thermal and conductive properties. The market for electronics adhesives is classified into three categories: solid, liquid, and paste. Based on application, the market is classified into two categories: semiconductors and integrated circuits, and printed circuit boards. Electronic adhesives are used as a conformal coating on printed circuit boards.
Miniaturization of existing electronic products resulting in increasing usage of adhesives and merger and acquisition of key companies are some of the major factors responsible for the growth of the electronic adhesives market. Moreover, rise of the automobile sector globally is increasing the demand for electronic adhesives.
