E-glue Market is segmented By Type (Acrylics, Epoxies, Polyurethanes, Silicones, Others), By Application (Printed Circuit Board, Semiconductor & IC, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
E-glue Market Overview
The Global E-glue Market is expected to grow at a high CAGR during the forecast period (2024-2031).
E-glue or electronic glue is a substance that acts as a binder between two surfaces and resists their separation in electronic assembly applications. These glues play a key role in the production of electronic components & products as well as the assembly of electronic circuits. They are widely used in the electronic industry for encapsulating components, wire tracking, and binding surface-mount components.
E-glue Market Scope
|
Metrics |
Details |
|
Market CAGR |
High |
|
Segments Covered |
By Type, By Application, and By Region |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
|
Fastest Growing Region |
Asia Pacific |
|
Largest Market Share |
North America |
To Know More Download Sample
E-glue Market Dynamics
The growth of the global e-glue market is driven by growing demand for electrical & electronic devices both in developed and developing economies. Furthermore, it minimizes operations and labor costs for manufacturing, which is expected to fuel the global e-glue market. The factor propelling the growth of the global e-glue market for the chemical industry include growing production capacities and incessant investments in R&D across the globe and increasing investment for plant automation and implementation of IoT solutions in the production plants.
Bonding applications boost the demand for E-Glue
The demand for e-glue is majorly driven by the rising demand for printed circuit boards (PCBs). Moreover, the growth in applications such as wire tracking, hitting & encapsulation of components, conformal coatings of circuit boards, and bonding of surface mount components require various types of products such as electronic glue for bonding purposes. The improved demand for computers, laptops, smartphones, household appliances, industrial & power equipment, control & navigation systems, and aerospace monitoring & testing equipment requires a huge number of e-glue thus driving the market growth.
Electrically conductive glue segment increasing demand for E-Glue
According to market trends, electrically conductive glue is estimated to be the largest segment of the global electronic glue market, in terms of value. The electrically conductive glue is a great addition to conventional tin-lead bonds, as they provide better efficiency and are more cost-effective. This electronic glue is expected to observe an increased demand during the forecast period. Furthermore, the increase in demand can be attributed to speedy advancements in technology and end-use applications. Moreover, glue is used to manufacture and protect high-performance electronic devices that are used in these network solutions. The market for electronic glue is also driven by the demand for mobile electronic and telecommunication devices is expected to boost the demand for the e-glue during the forecast period.
COVID-19 Impact on E-glue Market Growth
COVID-19 pandemic affected the global economy in many terms, such as directly affecting production and demand, supply chain disruption, and financial impact. COVID-19 has directly impacted the manufacturers' supply chain across the globe and shut down production facilities to minimize the risk of virus spread. Therefore, the manufacturers are started investing to increase their production capabilities to meet the global market's updated demand. Despite the pandemic, there is growth in the overall electronic industry, which is expected to drive the e-glue's market size in the global market during the forecast period.
E-glue Market Segmentation Analysis
Based on the type, the e-glue market has been classified into acrylics, epoxies, polyurethanes, silicones, and others.
The acrylics segment accounted for a dominant market share in the global market
The acrylic segment is projected to be the largest and fastest-growing resin type segment of the global-glue market. Acrylic polymer emulsions are environment-friendly adhesives and provide an adequate balance among the shear, tack, and peel strength of the bond. These are generally free of solvents and are not explosive and non-toxic. The increasingly stringent regulatory framework for environment-friendly norms is expected to augment market growth.
Based on the application, the e-glue market has been classified into the printed circuit board, semiconductor & ic, and others.
The printed Circuit Board segment dominated the global e-glue market in 2019
The global market is majorly driven by the rising demand for adhesives from printed circuit boards (PCBs). A printed circuit board (PCB) is the primary electronic product, which electrically connects the electronic components using conductive tracks drawn over it according to the requirement. Increasing demand for consumer electronics is driving the demand for e-glue for various applications such as wire tracking, potting & encapsulation of components, conformal coatings of circuit boards, and bonding of surface mount components. Moreover, a rapid increase in demand for computers, laptops, smartphones, household appliances, industrial & power equipment, control & navigation systems, and aerospace monitoring & testing equipment is driving the demand for adhesive products in a significant volume. The Multiple layer circuit boards are laminated by the non-conductive substrate to insulate the conductive layers (generally made of copper). The electronic components i.e. resistor, capacitor, insulator, etc. are fixed on a PCB to carry out the special task by soldering in a sequence that results in the manufacturing of chips also requiring e-glue. The advancement in technology and introduction of PCB has helped electronics equipment manufacturers to reduce size and manufacturing costs by switching from vacuum tubes & relays to integrated circuits & silicon. Growing demand for these products is likely to benefit the electrical & electronics adhesives market over the forecast period.
E-glue Market Geographical Share
Based on geography, the study analyzes the e-glue market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
North America is Anticipated to be a prominent market for the e-glue market during the forecast period
North America is anticipated to account for a significant share of the global e-glue market owing to the presence of established, developed, and technologically advanced electronic manufacturers in the region. This region leads in airspace & military equipment manufacturing which results in the growth of the printed circuit board market in this region. Asia-Pacific is expected to be the fastest-growing region in the global e-glue market within the forecast period due to rapid industrialization and urbanization in the countries such as India, China, Japan, and South Korea. Increasing demand for consumer electronics in the region owing to the increasing population and disposable income will drive the market growth during the forecast period.
E-glue Market Companies and Competitive Landscape
The e-glue market is highly competitive, owing to the presence of big food brands. The key e-glue players which are contributing to the growth of the global market include Covestro, BASF SE, 3M Company, Bostik Sa, Avery Dennison Corporation, Dow Chemical Company, Royal Adhesives and Sealants, Sika Ag, Ashland Inc., ITW Performance Polymers (Illinois Tool Works Inc.), H.B. Fuller Company, RPM International Inc., and among others. The major players are adopting new product launches and expansion strategies for global growth in the e-glue market.
BASF SE
Overview: BASF SE is engaged in the production and distribution of chemicals across the globe. It is the largest producer of chemical products including materials and solutions, Chemicals - Agriculture - Paints & Coatings materials. The company also offers plastics, performance products, functional solutions, agricultural solutions, oil and gas, and other materials. The company provides contract drying and contract fermentation services. It has operations in Africa, Asia Pacific, Central, and Eastern Europe, Latin America, the Middle East, North America, and Western Europe. BASF SE is headquartered in Ludwigshafen, Germany.
Product Portfolio: The company's portfolio includes materials and solutions, Chemicals - Agriculture - Paints & Coatings, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and other services.
Why Purchase the Report?
- Visualize the e-glue market segmentation composition by type, application, and region, highlighting the critical commercial assets and players.
- Identify commercial opportunities in the e-glue market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of e-glue market - level 3 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global e-glue market report would provide access to approx. 48 market data tables, 45 figures, and 180 pages.
Target Audience
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
