North America Electronics Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Resin Type (Epoxy, Acrylics, Polyurethane, and Other Resin Types), Application (Conformal Coatings, Surface Mounting, Encapsulation, Wire Tacking, and Other Applications) and Geography (United States, Canada, and Mexico).

Market Snapshot

North America Electronics Adhesives Market -  Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >7 %

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Market Overview

The North America electronics adhesives market is expected to grow at with a CAGR greater than 7% during the forecast period. One of the major factors driving the market is the growing electronics manufacturing in Mexico. However, stringent regulations regarding the VOC emissions is hindering the growth of the market studied. 

  • Increasing demand for electric vehicles is expected to provide a major growth opportunity for the market studied.
  • United States accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
  • Among the resin types, epoxy resin is expected to dominate the market studied during the forecast period

Scope of the report

The North America electronics adhesives market report includes: 

Resin Type
Epoxy
Acrylics
Polyurethane
Other Resin Types
Application
Conformal Coatings
Surface Mounting
Encapsulation
Wire Tacking
Other Applications
Geography
United States
Canada
Mexico

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Key Market Trends

Epoxy Resin Type to Dominate the Market

  • Epoxy adhesives, the most widely used structural adhesives, are an integral part of the electronics industry, and currently account for the majority of consumption in the North America electronic adhesives market. 
  • These adhesives have found usage in circuit and electronic assembly, heat sinking, hybrids microelectronics, PCB and semiconductor manufacturing, solder replacement, and wafer level packaging.
  • Cured epoxy resin possesses strong and rigid cross-linked chemical structure suitable for structural bonding applications and are suitable for applying in the electronics industry.
  • Hence, owing to the above-mentioned factors, the epoxy resin type is expected to dominate the market studied during the forecast period.
North America Electronics Adhesives Market - Revenue Share

United States to Dominate the Market

  • United States accounts for the major share of the North America electronic adhesives market currently.The country has been experiencing growth in electrical & electronics industry in the recent past. 
  • The country witnessed positive growth in electronics mainly due to the increasing investment in electronics. Also, the  increasing demand for electric vehicles in the recent years is also a major driving factor for the market studied.
  • However, the overall automotive production in the country has witnessed a declination in the recent past. This may have negative effect on the consumption of electronic adhesives in the country.  
  • Hence, owing to the above-mentioned trends, United States is expected to dominate the market studied during the forecast period.

 

North America Electronics Adhesives Market - Revenue Share

Competitive Landscape

The North America electronics adhesives market is moderately consolidated as the market share is divided among a few players. Some of the key players in the market include Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M, and BASF SE.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Electronics Manufacturing in Mexico

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Stringent Regulations Related to the VOCs

      2. 4.2.2 Globalization and Growing Operating Costs

      3. 4.2.3 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Epoxy

      2. 5.1.2 Acrylics

      3. 5.1.3 Polyurethane

      4. 5.1.4 Other Resin Types

    2. 5.2 Application

      1. 5.2.1 Conformal Coatings

      2. 5.2.2 Surface Mounting

      3. 5.2.3 Encapsulation

      4. 5.2.4 Wire Tacking

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 United States

      2. 5.3.2 Canada

      3. 5.3.3 Mexico

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 Covestro AG

      3. 6.4.3 3M

      4. 6.4.4 Arkema

      5. 6.4.5 AVERY DENNISON CORPORATION.

      6. 6.4.6 Dow

      7. 6.4.7 Sika AG

      8. 6.4.8 Ashland.

      9. 6.4.9 Illinois Tool Works Inc.

      10. 6.4.10 H.B. Fuller Company

      11. 6.4.11 Beardow Adams

      12. 6.4.12 CHEMENCE

      13. 6.4.13 Henkel AG & Co. KGaA

      14. 6.4.14 Huntsman International LLC.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand for Electric Vehicles

**Subject to Availability

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Frequently Asked Questions

The North America Electronics Adhesives Market market is studied from 2016 - 2026.

The North America Electronics Adhesives Market is growing at a CAGR of >7% over the next 5 years.

Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M, BASF SE are the major companies operating in North America Electronics Adhesives Market.

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