Electronic Adhesives Market Report 2025

The electronic adhesives market size has grown strongly in recent years. It will grow from $4.69 billion in 2024 to $5.16 billion in 2025 at a compound annual growth rate (CAGR) of 10%. The growth in the historic period can be attributed to quality assurance and standards, demand for high performance, global electronics industry growth, emergence of new materials.

The electronic adhesives market size is expected to see rapid growth in the next few years. It will grow to $7.65 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to reliability and performance standards, rapid evolution in consumer electronics, smart manufacturing and industry 4.0, increasing demand in automotive electronics, environmental regulations and sustainability. Major trends in the forecast period include advanced materials development, healthcare electronics demand, and global market penetration, expansion in IoT and connectivity, innovative application methods, miniaturization trends.

The rising demand for smartphones is anticipated to drive the growth of the electronic adhesives market in the future. A smartphone is a portable electronic device that connects to cellular networks. Electronic adhesives play a crucial role in smartphones by bonding components such as the glass display window to the camera lens, the keypad to the membrane switch sections, flex circuits to cables, microphones to speakers, electromagnetic interference (EMI) shielding, the battery compartment, and the external casing. For example, in March 2023, a report from Cybercrew, a UK-based provider of cybersecurity solutions for businesses of all sizes, indicated that the percentage of UK households using smartphones is expected to reach 93.8% by 2026. Consequently, the increasing demand for smartphones is fueling the growth of the electronic adhesives market.

The electronic adhesives market is poised for growth, driven by the increased usage of connected smart devices. Connected smart devices, characterized by embedded sensors, software, and communication technologies, rely on electronic adhesives for bonding and securing various components. These adhesives contribute to reliable device performance and facilitate the integration of electronics in compact and durable designs. In Canada, the adoption of Internet-connected smart devices, including smart home devices, has witnessed an upward trend. Data from the Canadian Internet Use Survey by Statistics Canada reveals a rise from 42% in 2020 to 47% in 2022. Notably, smart speakers, with a 30% adoption rate, emerged as the most favored connected smart device in Canada. The increased use of connected smart devices is identified as a key factor driving the electronic adhesives market.

Major companies in the electronic adhesives market are strategically introducing innovative medical adhesives to address specific needs and gain a competitive advantage. An example is the launch of Extended Wear Adhesive Tape, designed for prolonged wear times, addressing the demand for extended wear in medical applications. In April 2022, 3M, a prominent US-based consumer goods and healthcare company, introduced the 3M Spunlace Extended Wear Adhesive Tape on Liner, 4576. This medical adhesive tape is formulated for up to 21 days of continuous wear on the skin. It offers flexibility, conformability, and robust adhesion, providing a significant advancement in device design for real-time health monitoring. The introduction of such medical adhesives showcases the industry's commitment to addressing evolving healthcare needs.

Major players in the electronic adhesives market are responding to challenges faced by Original Equipment Manufacturers (OEMs) and battery manufacturers by introducing advanced thermally conductive adhesives. These adhesives are designed to offer effective thermal management in heat-generating components while ensuring strong bonding. Henkel, a Germany-based solution provider for adhesives, sealants, and coatings, launched the Loctite TLB 9300 APSi in May 2023. This injectable thermally conductive adhesive is specifically designed for high-performance and safe electric vehicle (EV) battery systems. With a high thermal conductivity of 3 W/mK, moderate viscosity, and self-leveling characteristics, this adhesive supports applications such as bonding battery cells to modules. It provides a combination of good electrical insulation, high bonding performance, and a solvent-free formulation. This innovation addresses sustainability goals by reducing emissions and resource use while enhancing design flexibility and bond strength in EV battery systems.

In February 2022, Arkema S.A., a leading France-based company specializing in specialty chemicals and advanced materials, successfully acquired Shanghai Zhiguan Polymer Materials (PMP) for an undisclosed amount. This strategic move is part of Arkema's broader vision to establish a robust presence in the engineering adhesives market. Additionally, the acquisition is expected to accelerate Arkema's growth in the rapidly expanding electronics market, particularly in the Asian region. Shanghai Zhiguan Polymer Materials (PMP), based in China, is recognized for its expertise in producing hot-melt adhesives, particularly for consumer electronics.

Major companies operating in the electronic adhesives market are 3M Company, Dymax Corporation, The DOW Chemical Company, Henkel AG & Co. KGaA, H.B. Fuller Company, BASF SE, Evonik Industries AG, Sika AG, Bostik AG, ThreeBond, Shin Etsu Silicones, Konishi Co. Ltd., Teraoka Seisakusho Co. Ltd., Tomoegawa Co. Ltd., Yamato Co. Ltd., Indium Corporation, LG Chemical Limited, Alent PLC, Hitachi Chemicals Company Limited, Kyocera Chemical Corporation, Arkema Pvt. Ltd., Ashland Global Holdings Inc., Avery Dennison Corporation, Covestro AG, Huntsman International LLC, Illinois Tool Works Inc., MAPEI S.p.A., Permabond LLC, Pidilite Industries Ltd., Mitsui Chemicals Inc., DELO Industrial Adhesives, LORD Corp.

Asia-Pacific was the largest region in the electronic adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electronic adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Electronic adhesives are essential components in the manufacturing and assembly of electronic circuits and products, playing a crucial role in surface-mounting, substrate assembly on printed circuit boards (PCBs) and semiconductors, as well as potting and encapsulation processes.

The primary resin types in electronic adhesives include epoxy, silicone, polyurethane (PU), acrylic, and other variations. Epoxy, a specific type of polymer, forms a class of chemical substances characterized by large molecules with repeating subunits. Electronic adhesives are categorized into nonconductive, electrically conductive, thermally conductive, and ultraviolet curing types, and are available in liquid, paste, and solid forms. These adhesives find diverse applications in thermal management, conformal coatings, encapsulation, surface mounting, wire tacking, soldering, underfills, sealing, and construction. End-users of electronic adhesives span various industries, including mobiles and telecommunication devices, desktops and networks, televisions, home appliances, automotive electronics, aerospace electronics, analytical and measurement instruments, among others.

The electronic adhesives market research report is one of a series of new reports that provides electronic adhesives market statistics, including electronic adhesives industry global market size, regional shares, competitors with a electronic adhesives market share, detailed electronic adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the electronic adhesives industry. This electronic adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The electronic adhesives market consists of sales of electrically conductive adhesives and thermally conductive adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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