North America Electronics Adhesives Market Size (2024 - 2029)

The North America electronics adhesives market is anticipated to experience significant growth, driven by the expanding electronics manufacturing sector in Mexico. Despite challenges posed by stringent VOC emission regulations, the market is poised for expansion, particularly due to the rising demand for electric vehicles. The United States holds the largest market share and is expected to maintain its leading position. Epoxy resin is projected to be the dominant resin type throughout the forecast period.

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Market Size of North America Electronics Adhesives Industry

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North America electronics adhesives market
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

North America electronics adhesives market size

*Disclaimer: Major Players sorted in no particular order

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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 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
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North America Electronics Adhesives Market Size Summary

The North America electronics adhesives market is poised for significant growth, driven primarily by the burgeoning electronics manufacturing sector in Mexico. This growth trajectory is supported by the increasing demand for electric vehicles, which presents substantial opportunities for market expansion. The United States holds the largest market share and is expected to maintain its dominant position throughout the forecast period. Epoxy resin, a key component in structural adhesives, is anticipated to lead the market due to its extensive application in various electronic assembly processes, including circuit assembly, heat sinking, and semiconductor manufacturing. Despite the promising growth prospects, the market faces challenges from stringent VOC emission regulations, which could impede its progress.

The market landscape in North America is moderately consolidated, with a few major players such as Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M, and BASF SE holding significant shares. The United States has seen a positive trend in its electrical and electronics industry, bolstered by increased investments and a rising demand for electric vehicles. However, a decline in overall automotive production could negatively impact the consumption of electronic adhesives. Despite this, the robust demand for epoxy adhesives, known for their strong structural bonding capabilities, is expected to sustain the market's growth momentum in the region.

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North America Electronics Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Electronics Manufacturing in Mexico

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Regulations Related to the VOCs

      2. 1.2.2 Globalization and Growing Operating Costs

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value-chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Acrylics

      3. 2.1.3 Polyurethane

      4. 2.1.4 Other Resin Types

    2. 2.2 Application

      1. 2.2.1 Conformal Coatings

      2. 2.2.2 Surface Mounting

      3. 2.2.3 Encapsulation

      4. 2.2.4 Wire Tacking

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

North America Electronics Adhesives Market Size FAQs

The North America Electronics Adhesives Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

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.

North America Electronics Adhesives Report Snapshots

North America Electronics Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)