
Study Period | 2019 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
CAGR | 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Polyurethane Adhesive in Electronics Market Analysis
The Polyurethane Adhesives in Electronics Market is expected to register a CAGR of greater than 5% during the forecast period.
The global electronics manufacturing landscape continues to evolve rapidly, with China maintaining its position as the world's largest electronics manufacturing hub, producing 36% of global electronics, including computers, smartphones, cloud servers, and telecom infrastructure. This dominance is further evidenced by China's mechanical and electrical products exports reaching CNY 13.92 trillion (USD 1.92 trillion) in 2023, marking a 2.9% increase from the previous year. The industry's robust growth is supported by significant investments in manufacturing capabilities, particularly in emerging technologies like 5G infrastructure, data centers, and electric vehicles.
The semiconductor industry is witnessing unprecedented expansion through strategic investments and facility developments worldwide. Major manufacturers are establishing new production facilities to address global supply chain challenges and meet growing demand. This trend is exemplified by recent developments such as TSMC's USD 40 billion investment in Arizona chip plants and Intel's USD 20 billion commitment to constructing two new leading-edge chip factories in Ohio. These investments are reshaping the global semiconductor landscape and creating new opportunities for advanced adhesives for semiconductors applications.
The printed circuit board (PCB) manufacturing sector is experiencing significant technological advancement, with Taiwan leading the global market with a 33.9% share in PCB production. The industry's evolution is characterized by increasing complexity in board designs, requiring more sophisticated adhesives for electronics solutions for component mounting and protection. This trend is particularly evident in the consumer electronics sector, where, according to the Consumer Technology Association, the US market alone is projected to reach USD 512 billion in retail revenue by 2024.
The miniaturization trend in electronics continues to drive innovation in conductive adhesives technologies, with manufacturers focusing on developing products that can meet the demanding requirements of microscale components and systems. This evolution is particularly evident in the development of new adhesive formulations that offer enhanced thermal management, electrical conductivity, and reliability while maintaining compatibility with increasingly compact device architectures. The industry is witnessing a shift toward adhesives for electronics that can provide multiple functionalities within a single formulation, such as combined thermal and electrical conductivity, while meeting stringent environmental regulations. Additionally, the demand for adhesives for electronic components is rising as devices become more compact and require precise bonding solutions.
Polyurethane Adhesive in Electronics Market Trends
Rising Growth of Electronics Industry
The electronics industry has witnessed substantial growth driven by increasing demand for electronic devices and technological advancements across various applications. Electrically conductive adhesive, especially polyurethane-based adhesives, have experienced rising demand due to their primary utilization in electronic applications where components require secure bonding while maintaining uninterrupted electrical current flow. This demand surge has been further amplified by the growing disposable income of populations across emerging economies, particularly evidenced by China's per capita disposable income growth of 6.3% in 2023 compared to 6.1% in the previous year. The increased purchasing power has led to heightened demand for consumer electronic devices, including laptops, mobile phones, cameras, washing machines, and dishwashers, consequently driving the need for polyurethane-based adhesives in manufacturing processes.
The semiconductor industry has emerged as a significant growth driver for polyurethane adhesives, with major investments being made to enhance production capabilities. In June 2023, the Government of Texas invested USD 1.4 billion into microchip research and manufacturing initiatives, addressing supply chain disruptions and strengthening domestic semiconductor production. Additionally, recent developments in mobile phone manufacturing have created new opportunities, as exemplified by BBK Group's initiative in February 2024 to produce smartphones, including Oppo, Vivo, and Realme, in collaboration with Indian companies like Dixon Technologies and Karbonn Group. Polyurethane adhesives play a crucial role in semiconductor chip packaging, offering high flexibility and impact resistance while absorbing mechanical stress and vibrations, making them essential for applications requiring robust mechanical support in electronic assemblies. The use of electronic sealant and electronics adhesive in these processes further enhances the durability and reliability of electronic products.
Moreover, the expansion of electronic manufacturing facilities has necessitated the use of electronic assembly adhesive to ensure the integrity and performance of electronic devices. This trend underscores the critical role of adhesives in the electronics industry, contributing to the overall growth and innovation within the sector.
Segment Analysis: Product Type
UV Curing Adhesive Segment in Polyurethane Adhesives in Electronics Market
The UV curing adhesive segment dominates the polyurethane adhesives in the electronics market, commanding approximately 64% of the total market share in 2024. This segment's prominence is attributed to its extensive application in electronic assembly processes, particularly in encapsulating and bonding electronic components. UV-curable polyurethane adhesives are highly valued in the electronics industry due to their low-temperature curing process, making them especially suitable for heat-sensitive components. These adhesives provide exceptional bond strength and durability, offering long-lasting protection to electronic devices. In touchscreen displays, UV adhesives play a crucial role in bonding touch sensors to display panels, ensuring optimal responsiveness and visual clarity without distortion. The segment's growth is further driven by its applications in OLED and LED displays, where UV-curing optical adhesives create strong, transparent bonds while maintaining the displays' thin and lightweight characteristics.

Thermally Conductive Adhesive Segment in Polyurethane Adhesives in Electronics Market
The thermally conductive adhesive segment represents a significant growth opportunity in the polyurethane adhesives market. These adhesives are specifically engineered to facilitate efficient heat transfer across bonded surfaces, a critical requirement for maintaining optimal performance and reliability in electronic devices. The segment's growth is driven by increasing demand in applications such as bonding heat-sensitive components, processors, power transistors, and LEDs to printed circuit boards (PCBs). The effectiveness of these adhesives in managing thermal dissipation within electronic devices, preventing overheating, and maintaining operational efficiency has made them indispensable in modern electronics manufacturing. Their ability to provide both thermal conductivity and strong adhesion properties positions them as essential components in the evolving landscape of electronic device assembly.
Remaining Segments in Polyurethane Adhesives in Electronics Market
The electrically conductive adhesive segment and other product types complete the market landscape, each serving specific applications in the electronics industry. Conductive adhesive products are crucial in applications where components need to be held together while maintaining uninterrupted electrical current flow. These adhesives provide excellent electrical insulation properties, reducing the risk of electrical leakage and short circuits in densely packed electronic assemblies. The other product types segment includes specialized formulations such as structural adhesives, gap fillers, and hot melt adhesives, which cater to specific requirements in electronic assembly processes. These segments collectively contribute to the versatility of polyurethane adhesives in meeting diverse electronic manufacturing needs.
Segment Analysis: Application
Surface Mounting Segment in Polyurethane Adhesives in Electronics Market
Surface mounting dominates the polyurethane adhesives in the electronics market, commanding approximately 78% of the total market share in 2024, while also exhibiting the highest growth rate of around 5% for the forecast period 2024-2029. This segment's dominance can be attributed to its widespread adoption in electronic assembly processes, where components are directly attached to printed circuit boards using surface mount adhesive materials. Surface mounting with polyurethane adhesives offers precise control over adhesive application, ensuring uniform coverage and minimizing excess adhesive buildup that could lead to soldering defects and electrical shorts. The segment's growth is further supported by its excellent electrical insulation properties, which reduce the risk of electrical leakage and short circuits in densely packed electronic assemblies, along with its compatibility with lead-free soldering processes and RoHS compliance, making it suitable for modern, environmentally friendly manufacturing practices.
Remaining Segments in PU Adhesives in Electronics Market Applications
The remaining segments in the market include potting, encapsulation, conformal coatings, and wire tacking, each serving distinct purposes in electronic applications. Potting applications focus on filling gaps and spaces around electronic components, providing protection against environmental factors and enhancing mechanical stability. Electronic potting compound solutions are essential in these applications. Encapsulation serves as a protective barrier for electronic components, offering insulation and shock absorption properties. Electronic encapsulation material is crucial in ensuring the longevity and reliability of these components. Conformal coatings provide a thin protective film on printed circuit boards, safeguarding against moisture, dust, and chemicals, while wire tacking focuses on securing and organizing wires within electronic enclosures. These segments collectively contribute to the comprehensive protection and functionality of electronic components, with each playing a crucial role in specific applications within the electronics industry.
Polyurethane (PU) Adhesives in Electronics Market Geography Segment Analysis
Polyurethane (PU) Adhesives in Electronics Market in Asia-Pacific
The Asia-Pacific region dominates the global polyurethane adhesives in electronics market, driven by the presence of major manufacturing hubs in countries like China, Japan, and South Korea. The region's electronics industry has witnessed substantial growth due to increasing domestic production capabilities, particularly in consumer electronics and semiconductor manufacturing. Countries such as India, Malaysia, and Indonesia are emerging as significant markets, supported by government initiatives to boost local manufacturing and attract foreign investments in the electronics sector. The demand for adhesives for electronics solutions is increasing as these countries enhance their electronic manufacturing capabilities.

Polyurethane (PU) Adhesives in Electronics Market in China
China leads the Asia-Pacific market with approximately 66% share of the regional market in 2024. The country's dominance is attributed to its position as the world's largest electronics manufacturing base, producing about 36% of global electronics. China is actively engaged in manufacturing various electronic products, including smartphones, TVs, wires, cables, portable computing devices, and gaming systems. The country's electronics manufacturing industry has shown remarkable resilience and growth, supported by government initiatives and increasing domestic consumption. The presence of a robust supply chain network and continued investments in semiconductor manufacturing facilities further strengthens China's position in the market. The use of adhesives for semiconductors solutions is pivotal in maintaining the quality and efficiency of these manufacturing processes.
Polyurethane (PU) Adhesives in Electronics Market in India
India emerges as the fastest-growing market in the Asia-Pacific region with a projected growth rate of approximately 9% during 2024-2029. The country's electronics manufacturing sector is experiencing significant expansion, driven by government initiatives such as the Production Linked Incentive (PLI) scheme and the "Make in India" program. India has become the world's second-largest manufacturer of mobile phones, with several global manufacturers establishing production facilities in the country. The government's focus on developing semiconductor manufacturing capabilities and increasing foreign direct investment in the electronics sector is expected to further drive market growth. The adoption of adhesives for electronic assembly solutions is essential to support the expanding manufacturing infrastructure.
Polyurethane (PU) Adhesives in Electronics Market in North America
The North American market for polyurethane adhesives in electronics is characterized by advanced manufacturing capabilities and strong research and development activities. The region benefits from the presence of major electronics manufacturers and technological innovation centers. The market is primarily driven by the United States, Canada, and Mexico, with each country contributing significantly to the regional electronics manufacturing ecosystem. The use of adhesives for electronic components solutions is integral to maintaining the high standards of production and innovation in the region.
Polyurethane (PU) Adhesives in Electronics Market in United States
The United States dominates the North American market with approximately 78% share of the regional market in 2024. The country's leadership position is supported by its robust semiconductor industry, which accounts for 46% of the global semiconductor market. The presence of major semiconductor manufacturers and continued investments in expanding domestic production capabilities, particularly in high-end electronic components, reinforces the country's market position. The U.S. electronics industry's focus on innovation and advanced manufacturing processes drives the demand for specialized adhesives for semiconductors solutions.
Polyurethane (PU) Adhesives in Electronics Market in Mexico
Mexico demonstrates the highest growth potential in North America with a projected growth rate of approximately 5% during 2024-2029. The country has established itself as one of the world's largest exporters of flat-screen TVs and computers, with a growing electronics manufacturing sector. Mexico's strategic geographical location, competitive manufacturing costs, and increasing investments in electronics production facilities contribute to its rapid market growth. The country's focus on expanding its semiconductor manufacturing capabilities and attracting foreign investments further supports market development. The integration of adhesives for electronics solutions is crucial to enhancing the quality and efficiency of Mexico's electronics production.
Polyurethane (PU) Adhesives in Electronics Market in Europe
The European market for polyurethane adhesives in electronics is characterized by its strong focus on technological innovation and sustainable manufacturing practices. The region's market is driven by countries such as Germany, France, the United Kingdom, Italy, Spain, and Russia, each contributing to the diverse electronics manufacturing landscape. The European Union's initiatives to strengthen domestic semiconductor production and reduce dependency on imports have created new opportunities for market growth. The demand for adhesives for electronic assembly solutions is increasing as Europe advances its technological capabilities.
Polyurethane (PU) Adhesives in Electronics Market in Germany
Germany maintains its position as the largest market in Europe, leveraging its status as the region's largest electronics industry. The country's electronics sector accounts for 10% of domestic industrial output and employs about 14% of total employees in the German industry. The presence of advanced manufacturing facilities and strong research and development capabilities in electronics and microtechnology strengthens Germany's market leadership. The use of adhesives for electronic components solutions supports Germany's commitment to high-quality and efficient production processes.
Polyurethane (PU) Adhesives in Electronics Market in Spain
Spain emerges as the fastest-growing market in Europe, driven by increasing investments in semiconductor manufacturing and electronics production. The country's electronics industry has witnessed notable growth with the emergence of several start-ups contributing to scientific and technological advancement. Government initiatives such as the Center for Industrial Technological Development (CDIT) and strategic partnerships with global electronics manufacturers support Spain's market expansion. The adoption of adhesives for electronics solutions is vital to support the rapid growth and innovation within Spain's electronics sector.
Polyurethane (PU) Adhesives in Electronics Market in Rest of the World
The Rest of the World market, encompassing South America and the Middle East & Africa regions, represents an emerging opportunity for polyurethane adhesives in electronics. In South America, Brazil leads the market as the largest electronics manufacturing hub, while Argentina shows promising growth potential. The Middle East & Africa region is witnessing increased investments in electronics manufacturing, particularly in countries like Saudi Arabia and the United Arab Emirates, which are diversifying their economies beyond traditional sectors. The region's market growth is supported by government initiatives to develop local manufacturing capabilities and attract foreign investments in the electronics sector.
Polyurethane Adhesive in Electronics Industry Overview
Top Companies in Polyurethane Adhesives in Electronics Market
The market is characterized by continuous product innovation focused on developing high-performance adhesives for electronics solutions for miniaturized electronic components and advanced applications. Leading companies are investing heavily in research and development to create adhesive solutions for electronic components with enhanced thermal conductivity, impact resistance, and environmental sustainability. Operational excellence is being achieved through strategic manufacturing facility expansions, particularly in Asia-Pacific regions where electronics manufacturing is concentrated. Companies are strengthening their market positions through vertical integration of raw material production, establishment of technical centers for customer support, and development of comprehensive distribution networks. Strategic partnerships with electronics manufacturers and investment in automated production technologies are becoming increasingly important for maintaining a competitive advantage in this evolving market.
Consolidated Market Led By Global Players
The polyurethane adhesives in electronics market exhibits a highly consolidated structure with the top five companies commanding more than half of the market share. Global chemical conglomerates like Henkel, H.B. Fuller, and Arkema dominate the landscape through their extensive product portfolios, established brand recognition, and robust distribution networks. These market leaders leverage their substantial research capabilities, technical expertise, and long-standing relationships with electronics manufacturers to maintain their competitive positions. The high barriers to entry, including significant capital requirements, stringent regulatory compliance needs, and the importance of brand recognition, make it challenging for new players to establish themselves in the market.
The market is characterized by strategic mergers and acquisitions aimed at expanding geographical presence and enhancing technological capabilities. Companies are actively pursuing vertical integration strategies to secure raw material supply chains and gain cost advantages. Regional players, particularly in Asia-Pacific, are emerging as significant competitors through specialized product offerings and strong local distribution networks. The industry's competitive dynamics are further shaped by the increasing focus on environmentally sustainable adhesives for semiconductors and the growing demand for specialized applications in emerging electronics sectors.
Innovation and Sustainability Drive Future Success
Success in this market increasingly depends on companies' ability to develop innovative solutions that address the evolving needs of the electronics industry, particularly in areas such as miniaturization, thermal management, and environmental sustainability. Market leaders are focusing on expanding their research and development capabilities, establishing technical service centers, and strengthening their presence in high-growth regions. Companies are also investing in developing eco-friendly adhesives for electronic assembly solutions to comply with stringent environmental regulations and meet growing customer demand for sustainable products. The ability to provide comprehensive technical support, maintain consistent product quality, and offer customized solutions for specific applications has become crucial for maintaining market position.
For contenders looking to gain market share, specialization in niche applications and focus on emerging electronics segments present significant opportunities. Building strong relationships with electronics manufacturers through technical collaboration and customized solution development is essential for market expansion. Companies must also address the increasing concentration of electronics manufacturing in specific regions and adapt their strategies accordingly. The threat of substitution from alternative adhesive technologies necessitates continuous innovation and differentiation in product offerings. Success in this market requires a balanced approach between maintaining competitive pricing and investing in technological advancement while ensuring compliance with evolving regulatory standards.
Polyurethane Adhesive in Electronics Market Leaders
-
3M
-
Arkema Group
-
H.B. Fuller
-
Henkel AG & Co. KGaA
-
Sika AG
- *Disclaimer: Major Players sorted in no particular order
_Adhesives_in_Electronics_Market.webp)
Polyurethane Adhesive in Electronics Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Report
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increased Application in Automotive Industry
- 4.1.2 Growing Technological Dominance
-
4.2 Restraints
- 4.2.1 Environmental Regulations Regarding VOC Emissions
- 4.2.2 Other Restraints
- 4.3 Industry Value-chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Product Type
- 5.1.1 Electrically Conductive Adhesive
- 5.1.2 Thermally Conductive Adhesive
- 5.1.3 UV Curing Adhesive
- 5.1.4 Other Product Types
-
5.2 Application
- 5.2.1 Surface Mounting
- 5.2.2 Conformal Coatings
- 5.2.3 Wire Tacking
- 5.2.4 Potting
- 5.2.5 Encapsulation
-
5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 Rest of the World
- 5.3.4.1 South America
- 5.3.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 Ashland
- 6.4.4 Avery Dennison Corporation
- 6.4.5 Beardow Adams
- 6.4.6 Dow
- 6.4.7 Dymax Corporation
- 6.4.8 Franklin International
- 6.4.9 H.B. Fuller
- 6.4.10 Henkel AG & Co. KGaA
- 6.4.11 Huntsman International LLC
- 6.4.12 ITW Performance Polymers (Illinois Tool Works Inc.)
- 6.4.13 Jowat AG
- 6.4.14 Mapei Inc.
- 6.4.15 Pidilite Industries Ltd.
- 6.4.16 Sika AG
- 6.4.17 Wacker Chemie AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Continuous Innovation and Development of Advanced Technologies
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 |
Polyurethane Adhesive in Electronics Market Research FAQs
What is the current Polyurethane (PU) Adhesives in Electronics Market size?
The Polyurethane (PU) Adhesives in Electronics Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)
Who are the key players in Polyurethane (PU) Adhesives in Electronics Market?
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.
Which is the fastest growing region in Polyurethane (PU) Adhesives in Electronics Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Polyurethane (PU) Adhesives in Electronics Market?
In 2025, the Asia Pacific accounts for the largest market share in Polyurethane (PU) Adhesives in Electronics Market.
What years does this Polyurethane (PU) Adhesives in Electronics Market cover?
The report covers the Polyurethane (PU) Adhesives in Electronics Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Polyurethane (PU) Adhesives in Electronics Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Polyurethane (PU) Adhesives in Electronics Market Research
Mordor Intelligence provides a comprehensive analysis of the rapidly evolving electronic adhesives sector. We focus particularly on conductive adhesive technologies and their applications. Our extensive research covers crucial segments, including electronic sealant solutions, electronic potting compound applications, and advanced die attach adhesive technologies. The complete report PDF is available for download, offering detailed insights into the latest developments in surface mount adhesive technologies and semiconductor adhesive applications.
Our in-depth analysis offers stakeholders crucial information about electronic component adhesive trends and emerging opportunities in electronic assembly adhesive implementations. The report examines various electronic encapsulation material technologies, providing valuable insights for manufacturers, suppliers, and end-users. From traditional electronics adhesive applications to cutting-edge developments in the conductive adhesive market, our research delivers actionable intelligence for strategic decision-making in this dynamic industry sector.