North America Electronics Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Electronics Adhesives Market Analysis
The North America electronics adhesives market is expected to grow at with a CAGR greater than 7% during the forecast period. One of the major factors driving the market is the growing electronics manufacturing in Mexico. However, stringent regulations regarding the VOC emissions is hindering the growth of the market studied.
- Increasing demand for electric vehicles is expected to provide a major growth opportunity for the market studied.
- United States accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the resin types, epoxy resin is expected to dominate the market studied during the forecast period
North America Electronics Adhesives Market Trends
This section covers the major market trends shaping the North America Electronics Adhesives Market according to our research experts:
Epoxy Resin Type to Dominate the Market
- Epoxy adhesives, the most widely used structural adhesives, are an integral part of the electronics industry, and currently account for the majority of consumption in the North America electronic adhesives market.
- These adhesives have found usage in circuit and electronic assembly, heat sinking, hybrids microelectronics, PCB and semiconductor manufacturing, solder replacement, and wafer level packaging.
- Cured epoxy resin possesses strong and rigid cross-linked chemical structure suitable for structural bonding applications and are suitable for applying in the electronics industry.
- Hence, owing to the above-mentioned factors, the epoxy resin type is expected to dominate the market studied during the forecast period.
United States to Dominate the Market
- United States accounts for the major share of the North America electronic adhesives market currently.The country has been experiencing growth in electrical & electronics industry in the recent past.
- The country witnessed positive growth in electronics mainly due to the increasing investment in electronics. Also, the increasing demand for electric vehicles in the recent years is also a major driving factor for the market studied.
- However, the overall automotive production in the country has witnessed a declination in the recent past. This may have negative effect on the consumption of electronic adhesives in the country.
- Hence, owing to the above-mentioned trends, United States is expected to dominate the market studied during the forecast period.
North America Electronics Adhesives Industry Overview
The North America electronics adhesives market is moderately consolidated as the market share is divided among a few players. Some of the key players in the market include Henkel AG & Co. KGaA, Dow,H.B. Fuller Company, 3M, and BASF SE.
North America Electronics Adhesives Market Leaders
-
Henkel AG & Co. KGaA
-
Dow
-
H.B. Fuller Company
-
3M
-
BASF SE
*Disclaimer: Major Players sorted in no particular order
North America Electronics Adhesives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Electronics Manufacturing in Mexico
- 4.1.2 Other Drivers
-
4.2 Restraints
- 4.2.1 Stringent Regulations Related to the VOCs
- 4.2.2 Globalization and Growing Operating Costs
- 4.2.3 Other Restraints
- 4.3 Industry Value-chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Resin Type
- 5.1.1 Epoxy
- 5.1.2 Acrylics
- 5.1.3 Polyurethane
- 5.1.4 Other Resin Types
-
5.2 Application
- 5.2.1 Conformal Coatings
- 5.2.2 Surface Mounting
- 5.2.3 Encapsulation
- 5.2.4 Wire Tacking
- 5.2.5 Other Applications
-
5.3 Geography
- 5.3.1 United States
- 5.3.2 Canada
- 5.3.3 Mexico
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 BASF SE
- 6.4.2 Covestro AG
- 6.4.3 3M
- 6.4.4 Arkema
- 6.4.5 AVERY DENNISON CORPORATION.
- 6.4.6 Dow
- 6.4.7 Sika AG
- 6.4.8 Ashland.
- 6.4.9 Illinois Tool Works Inc.
- 6.4.10 H.B. Fuller Company
- 6.4.11 Beardow Adams
- 6.4.12 CHEMENCE
- 6.4.13 Henkel AG & Co. KGaA
- 6.4.14 Huntsman International LLC.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Demand for Electric Vehicles
North America Electronics Adhesives Industry Segmentation
The North America electronics adhesives market report includes:
| Resin Type | Epoxy |
| Acrylics | |
| Polyurethane | |
| Other Resin Types | |
| Application | Conformal Coatings |
| Surface Mounting | |
| Encapsulation | |
| Wire Tacking | |
| Other Applications | |
| Geography | United States |
| Canada | |
| Mexico |
North America Electronics Adhesives Market Research FAQs
What is the current North America Electronics Adhesives Market size?
The North America Electronics Adhesives Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in North America Electronics Adhesives Market?
Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M and BASF SE are the major companies operating in the North America Electronics Adhesives Market.
What years does this North America Electronics Adhesives Market cover?
The report covers the North America Electronics Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Electronics Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Electronics Adhesives Industry Report
Statistics for the 2024 North America Electronics Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Electronics Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
