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Polyurethane (PU) Adhesives in Electronics Market Size (2024 - 2029)

The polyurethane (PU) adhesives in electronics market is anticipated to experience significant growth, driven by their increasing application in the automotive sector and advancements in technology. Despite potential challenges posed by regulations on VOC emissions, the market is poised for expansion, particularly due to the dominance of electrically conductive adhesives, which offer superior properties for various applications. The Asia-Pacific region is expected to lead in terms of market size, influenced by substantial electronics production, demand, and exports, which boost the consumption of PU adhesives in electronic applications.

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Market Size of Polyurethane (PU) Adhesives in Electronics Industry

Polyurethane (PU) Adhesives in Electronics Market - Market Summary
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

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*Disclaimer: Major Players sorted in no particular order

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
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Rest of the World
South America
Middle-East and Africa
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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.

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Polyurethane (PU) Adhesives in Electronics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increased Application in Automotive Industry

      2. 1.1.2 Growing Technological Dominance

    2. 1.2 Restraints

      1. 1.2.1 Environmental Regulations Regarding VOC Emissions

      2. 1.2.2 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 Product Type

      1. 2.1.1 Electrically Conductive Adhesive

      2. 2.1.2 Thermally Conductive Adhesive

      3. 2.1.3 UV Curing Adhesive

      4. 2.1.4 Other Product Types

    2. 2.2 Application

      1. 2.2.1 Surface Mounting

      2. 2.2.2 Conformal Coatings

      3. 2.2.3 Wire Tacking

      4. 2.2.4 Potting

      5. 2.2.5 Encapsulation

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 South America

        2. 2.3.4.2 Middle-East and Africa

Polyurethane (PU) Adhesives in Electronics Market Size FAQs

The Polyurethane (PU) Adhesives in Electronics Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

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.

Polyurethane (PU) Adhesives in Electronics Report Snapshots

Polyurethane (PU) Adhesives in Electronics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)