Electronic Adhesives Market Size

The global market for curing adhesives is poised for robust growth in the forecast period from 2021 to 2028, reflecting a healthy trajectory. In 2020, the market's value stood at USD 6,132.73 million, and it is anticipated to achieve a Compound Annual Growth Rate (CAGR) of 7.76%, reaching USD 10,795.82 million by the end of 2028. In volume terms, the market recorded 2,143.15 kilotons in 2020, with a projected CAGR of 7.16% to reach 3,606.42 kilotons by the close of 2028. The escalating demand for curing adhesives is primarily driven by their expanding applications in the electronics industry. Furthermore, their increased usage in automotive assembly lines and industrial goods is expected to be a key driver for market growth during the forecast period. The Asia-Pacific region's technological dominance is poised to generate lucrative opportunities for the market.
According to the analysis by MRFR, the global curing adhesives market is categorized based on resin, product type, application, and region. In terms of resin, the market is segmented into acrylate, epoxy, polyurethane, silicone, and others. The acrylate segment held the largest share at 34.8% in 2020, valued at USD 2,133.27 million, primarily due to its increasing applications in the electronics sector. It is expected to exhibit a CAGR of 8.13%, reaching USD 3,857.50 million by the end of 2028. In volume, the acrylate segment recorded 792.40 kilotons in 2020, with a projected CAGR of 7.51% to reach 1,368.18 kilotons by the end of 2028.
Regarding product type, the global curing adhesives market is classified into moisture cure, UV cure, and heat/thermal cure. The moisture cure segment dominated the market in 2020, holding a share of 42.9% by value, valued at USD 2,630.04 million. This was attributed to its growth in the Asia-Pacific region. It is anticipated to register a CAGR of 7.99%, reaching USD 4,708.03 million by the end of 2028. In volume terms, the moisture cure segment recorded 976.24 kilotons in 2020, with a projected CAGR of 7.37% to reach 1,668.68 kilotons by the end of 2028.
In terms of application, the global curing adhesives market is divided into electronics & electrical and others. The others segment, which includes automotive, renewable energy, building & construction, and aerospace & defense industries, dominated the market in 2020 with a share of 78.9% by value, valued at USD 4,835.87 million. It is expected to register a CAGR of 7.80%, reaching USD 8,537.28 million by the end of 2028. In volume, the others segment recorded 1,710.25 kilotons in 2020, with a projected CAGR of 7.20% to reach 2,886.54 kilotons by the end of 2028.
Asia-Pacific emerged as the leading market in 2020, holding a share of 35.5%, valued at USD 2,176.35 million. The region's high availability of electronic manufacturers, coupled with the low cost of raw materials, affordable labor, rapid industrialization, and commercialization, particularly in the consumer electronics sector, contributed to its market dominance. It is expected to exhibit a CAGR of 8.23%, reaching USD 3,964.92 million by the end of 2028. In volume terms, the regional market recorded 836.04 kilotons in 2020, with a projected CAGR of 7.59% to reach 1,453.03 kilotons by the end of 2028.
the global curing adhesives market is on a growth trajectory, fueled by increasing applications in the electronics sector, automotive assembly lines, and industrial goods. The market's segmentation based on resin, product type, and application provides a comprehensive understanding of its dynamics. The dominance of Asia-Pacific, with its technological prowess and economic factors, further solidifies the market's promising outlook for the coming years.