Electrical and Electronic Adhesive Market Size Worth USD 14.48 Billion by 2034 | CAGR: 8.0%

The electrical and electronic adhesive market size is expected to reach USD 14.48 billion by 2034, according to a new study by Polaris Market Research. The report “Electrical and Electronic Adhesive Market: by Product (Thermal Conductive, Electrically Conductive, UV Curving, and Others), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Electrical and electronic adhesives are specialized bonding materials used to secure components in electronic devices while providing insulation, conductivity, and durability to ensure reliable performance.

The world’s shift toward renewable energy sources is driving the demand for systems such as solar panels and wind turbines. These renewable energy systems rely on adhesives to bond parts, such as photovoltaic cells in solar panels and components in wind turbines. The adhesives withstand extreme weather conditions, including heat, moisture, and mechanical stress. They also help improve energy efficiency by providing better insulation and preventing component failure. The increasing global focus on sustainability is fueling the demand for high-performance adhesives in the renewable energy sector, thereby driving the electrical and electronic adhesive market growth.

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There is an increasing focus on environmentally friendly and sustainable practices across industries, and the electronics sector is no exception. Governments and organizations are introducing stringent regulations that limit the use of hazardous materials, including in electronics manufacturing. Consequently, there is a growing demand for eco-friendly adhesives that meet these sustainability standards while still performing well in electronic applications. These adhesives are non-toxic, recyclable, and free of harmful substances such as solvents and heavy metals. The push for more sustainable practices in electronics manufacturing is driving the adoption of greener adhesive solutions, thereby boosting the electrical and electronic adhesive market demand.

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Electrical and Electronic Adhesive Market Report Highlights

• In 2024, based on application, the surface mount device segment dominated the electrical and electronic adhesive market share as adhesives plays crucial role in attaching small components such as resistors and microchips to printed circuit boards (PCBs).
• By product, the electrically conductive segment is expected to witness the fastest growth during the forecast period as it offers improved performance by reducing the need for traditional soldering, making it essential in modern electronics manufacturing.
• In 2024, North America dominated the electrical and electronic adhesive market revenue share due to the strong presence of key players in electronics manufacturing, particularly in the US.
• Asia Pacific is expected to record significant share during the forecast period, due to its well-established electronics manufacturing industry, particularly in countries such as China, Japan, and South Korea.
• A few global key market players are 3M, Arkema, Ashland, AVERY DENNISON CORPORATION, Covestro AG, Dow, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC, Illinois Tool Works Inc. (ITW), MAPEI S.P.A., Permabond LLC, Pidilite Industries Ltd., and Sika AG.

Polaris Market Research has segmented the electrical and electronic adhesive market report on the basis of product, application, and region:

By Product (Volume Kilotons, Revenue – USD Billion, 2020–2034)

• Thermal Conductive
• Electrically Conductive
• UV Curing
• Others

By Application (Volume Kilotons, Revenue – USD Billion, 2020–2034)

• Surface-Mount Devices
• Potting & Encapsulation
• Conformal Coatings
• Others

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Electrical and Electronic Adhesive Market Report Scope