North America Electronics Adhesives Market – Growth & Forecast (2024

North America Electronics Adhesives Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

An adhesive is a non-metallic material which can join two substrates using adhesion mechanisms and cohesive mechanism. Manufacture and assembly of electronic circuits and products are the primary use of electronic adhesives. Bonding the wire tacking, surface-mount components, and encapsulating elements are the various applications of the adhesives. They help in the miniaturisation of electronics components, and they are the longstanding trend of reducing the size of electronics.

North America Electronics Adhesives Market Segments Size:

North America electronics adhesives market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024.

North America Electronics Adhesives Market Segments Growth:

Key parameters promoting the market growth include increased market penetration in developing countries, rising technological dominance, increasing demand from the automotive industry, growing demand for compact electronic and communication devices, rapid growth in application industries in emerging markets. However, the high cost of installation for laminating and packaging the machinery is thereby hampering the growth of the market. Various opportunities for electronics adhesives market include expansion and acquisitions of the local players, growing demand, and penetration of electric vehicles, increasing demand from the automotive industry.

North America Electronics Adhesives Market Segments Share:

By form, liquid form, paste form, and solid form are the sub-segments. Among them, liquid form segment is expected to hold the most significant share in the market because of its strong adhesion strength. The electronics industry makes use of liquid adhesives for mounting the semiconductor dyes, as conformal coatings on printed circuits boards (PCBs) and

North America Electronics Adhesives Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

potting. These adhesive forms are available in various compositions such as epoxies, silicones, and acrylics. Increasing demand for PCBs from telecommunication, consumer, and microelectronic assembly application industries has led to growing need for liquid form adhesives in the market.

By product type, electrically conductive adhesives, thermally conductive adhesives, UV curing adhesives, and others are the sub-segments. Electrically conductive adhesives segment is anticipated to account for the most significant share in the market during the forecast period owing to high electrical conductivity, and ability to allow the passage of current while initiating an electrical connection between two bonded surfaces, electronic adhesives are widely used in microelectronic industry for packaging applications. The factors that are boosting the growth of

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North America Electronics Adhesives Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

the segment include increasing technological advancement, growing demand from the flip-flop applications, and emerging microelectronic packaging industries. UV-curing adhesives segment is projected to witness the highest growth rate during the forecast period, owing to solvent-free and environment-friendly characteristics

By material type, acrylics, epoxies, polyurethanes, silicone, and others are the sub-segments. Silicone adhesives segment is expected to hold the most significant share in the market because of the rising demand from the electronics industry. By applications, Surface mounting, conformal coatings, wire tacking, potting and encapsulation, and others are the sub-segments. By Geography, USA is projected to hold the most significant share in the market during the forecast period owing to the high economic growth rate, increasing manufacturing industries, and improving electronic adhesives-based application patents. Involvement of government organisations for the commercialisation and enhancement of electronic adhesives are the factors that are propelling

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