Electronics Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Electronics Adhesives Market Analysis:

The Electronics Adhesives market is projected to register a CAGR of 9% during the forecast period (2021–2026). The global electronics and IT industries’ production has seen an increase of 2% with a year-on-year growth to reach USD 2.9 trillion, thanks to the positive impact of COVID-19. This growth can be attributed to the higher demand for electronic components and devices, which are essential for contactless interaction and remote information technologies. Electronic adhesives play a crucial role in the manufacturing and protection of high-performance electronic devices. This positive trend is expected to continue as the global demand for electronic products rises.

In the medium term, the market will be driven by the increasing demand for electronics in the Asia-Pacific region and the advancements in electronics adhesive manufacturing. Asia-Pacific is a key player in electronics manufacturing, accounting for over 70% of global production. Countries like South Korea, Japan, and China are actively involved in the manufacturing of various electrical components, supplying them to industries worldwide.

However, the market growth is hindered by the volatility in raw material prices. Despite this challenge, the growing adoption of electric vehicles presents a significant growth opportunity for the market. Surface mounting is expected to dominate the market during the forecast period in terms of application areas.

Asia-Pacific currently holds the highest market share and is likely to maintain its dominance throughout the forecast period.

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