Market Size of Polyurethane (PU) Adhesives in Electronics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players_Adhesives_in_Electronics_Market.webp "Polyurethane (PU) Adhesives in Electronics Market 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?
Polyurethane Adhesive in Electronics Market Analysis
The global polyurethane (PU) adhesives in electronics market is expected to grow at a CAGR of more than 5.8% during the forecast period. The demand for PU adhesives in electronics is widely driven by the increased application in automotive industry and growing technological dominance. However, regulations related to VOC emission is likely to hinder the growth of the studied market.
- Among product types, the electrically conductive adhesives are expected to dominate the market, owing to their superior intrinsic properties, like thermal dissipation functionality, making them suitable for numerous applications.
- The continuous innovation and development of advanced technologies across the globe is likely to offer opportunities for the PU adhesives in electronics market.
- Asia-Pacific stands to be the largest and fastest growing region in the studied market, where electronics production, demand and exports have been significantly influencing the consumption of PU adhesives for electronic applications.
Polyurethane Adhesive in Electronics Industry Segmentation
The polyurethane (PU) adhesives in electronics market report include:
| Product Type | |
| Electrically Conductive Adhesive | |
| Thermally Conductive Adhesive | |
| UV Curing Adhesive | |
| Other Product Types |
| Application | |
| Surface Mounting | |
| Conformal Coatings | |
| Wire Tacking | |
| Potting | |
| Encapsulation |
| Geography | |||||||
| |||||||
| |||||||
| |||||||
|
Polyurethane (PU) Adhesives in Electronics Market Size Summary
The polyurethane (PU) adhesives in electronics market is poised for significant growth, driven by increased applications in the automotive sector and the rapid advancement of technology. Electrically conductive adhesives are expected to lead the market due to their superior properties, such as thermal dissipation, which make them ideal for various electronic applications. Despite the promising growth prospects, the market faces challenges from regulations concerning VOC emissions. The Asia-Pacific region is anticipated to be the largest and fastest-growing market, influenced by the region's robust electronics production, demand, and export activities. The continuous innovation in the electronics industry, including the development of advanced devices like 5G smartphones and smart speakers, further propels the demand for PU adhesives.
The market landscape is characterized by a fragmented nature with key players such as 3M, Arkema Group, H.B. Fuller, Sika AG, and Henkel AG & Co. KGaA. The presence of major electronics manufacturing countries like China, Japan, and South Korea significantly contributes to the market's expansion, with China leading in the production of consumer electronics. The lower production costs in countries like Vietnam and South Korea also bolster domestic electronic production, enhancing the demand for PU adhesives. The high peel strength and flexibility of PUR two-part adhesives make them particularly suitable for electronic applications, supporting their widespread use in the global electronics market.
Polyurethane (PU) Adhesives in Electronics Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Increased Application in Automotive Industry
-
1.1.2 Growing Technological Dominance
-
-
1.2 Restraints
-
1.2.1 Environmental Regulations Regarding VOC Emissions
-
1.2.2 Other Restraints
-
-
1.3 Industry Value-chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION
-
2.1 Product Type
-
2.1.1 Electrically Conductive Adhesive
-
2.1.2 Thermally Conductive Adhesive
-
2.1.3 UV Curing Adhesive
-
2.1.4 Other Product Types
-
-
2.2 Application
-
2.2.1 Surface Mounting
-
2.2.2 Conformal Coatings
-
2.2.3 Wire Tacking
-
2.2.4 Potting
-
2.2.5 Encapsulation
-
-
2.3 Geography
-
2.3.1 Asia-Pacific
-
2.3.1.1 China
-
2.3.1.2 India
-
2.3.1.3 Japan
-
2.3.1.4 South Korea
-
2.3.1.5 Rest of Asia-Pacific
-
-
2.3.2 North America
-
2.3.2.1 United States
-
2.3.2.2 Canada
-
2.3.2.3 Mexico
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 France
-
2.3.3.4 Italy
-
2.3.3.5 Rest of Europe
-
-
2.3.4 Rest of the World
-
2.3.4.1 South America
-
2.3.4.2 Middle-East and Africa
-
-
-
Polyurethane (PU) Adhesives in Electronics Market Size FAQs
What is the current Polyurethane (PU) Adhesives in Electronics Market size?
The Polyurethane (PU) Adhesives in Electronics Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Polyurethane (PU) Adhesives in Electronics Market?
3M, Arkema Group, H.B. Fuller, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the Polyurethane (PU) Adhesives in Electronics Market.
