PUR Adhesive in Electronics Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
Between 2018 and 2022, the PUR (Polyurethane Reactive) adhesive market in electronics experienced notable growth, driven by the escalating demand for advanced electronic devices and the trend toward miniaturization. This period saw a compound annual growth rate (CAGR) of approximately 4.7%, with the market valued at around USD 3,895.6 million in 2023. The increasing complexity and compactness of electronic components necessitated adhesives that offer strong bonding, flexibility, and durability, positioning PUR adhesives as a preferred choice among manufacturers.
Looking ahead, from 2023 to 2033, the PUR adhesive market in electronics is projected to continue its upward trajectory. Forecasts suggest a CAGR of 5.8%, with market size expected to reach USD 5,780.6 million by 2030. This anticipated growth is attributed to several factors, including the proliferation of consumer electronics, advancements in automotive electronics, and the ongoing miniaturization of devices. The unique properties of PUR adhesives, such as excellent chemical resistance and the ability to withstand extreme temperatures, make them indispensable in modern electronic assemblies.
In my experience working with electronic manufacturing processes, the shift towards PUR adhesives has been significant. Their ability to provide reliable bonds in compact assemblies has streamlined production and enhanced product longevity. For instance, in assembling wearable technology, where space is at a premium, PUR adhesives have proven invaluable due to their strong adhesion and flexibility.
Key trends influencing the market include the rising demand for lightweight and compact electronic devices, which require adhesives that do not compromise on strength or durability. Additionally, the automotive industry’s move towards electric vehicles has increased the need for adhesives that can endure harsh environments and thermal cycling. PUR adhesives meet these requirements, making them a critical component in automotive electronics.
Regionally, the Asia-Pacific area dominates the market, accounting for a significant share of global production and consumption. This is due to the robust electronics manufacturing industries in countries like China, Japan, and South Korea. North America and Europe also hold substantial market shares, driven by technological advancements and the presence of major automotive and electronics manufacturers.
However, challenges such as the high cost of PUR adhesives and fluctuations in raw material prices could impede market growth. Additionally, stringent environmental regulations may push manufacturers to develop more sustainable and eco-friendly adhesive solutions.
In conclusion, the PUR adhesive market in electronics is poised for substantial growth from 2023 to 2033, building upon the advancements and demand observed between 2018 and 2022. The continuous evolution of electronic devices and the need for reliable, durable bonding solutions will likely keep PUR adhesives at the forefront of the industry.
Get an In-Depth Research Analysis of the Global PUR Adhesive in Electronics Market Size And Forecast [2025-2032]
Who are the largest Global manufacturers in the PUR Adhesive in Electronics industry?
- BASF
- DowDuPont
- Shin-Etsu Chemical
- Henkel
- Laird Technologies
- Croda International
- Datum Phase Change
- Kaplan Energy
- AI Technology
- Phase Change Products
- Phase Change Energy Solutions
- Shenzhen Aochuan Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global PUR Adhesive in Electronics Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global PUR Adhesive in Electronics Market
- Surface Mounting
- Conformal Coatings
- Wire Tacking
- Potting
- Encapsulation
- Other
What are the types of PUR Adhesive in Electronics available in the Market?
Based on Types the Market is categorized into Below types that held the largest PUR Adhesive in Electronics market share In 2023.
- Electrically Conductive Adhesives
- Thermally Conductive Adhesives
- UV Curing Adhesives
- Other
Which regions are leading the Global PUR Adhesive in Electronics Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global PUR Adhesive in Electronics Market Research Report, 2024-2032
1. Introduction of the Global PUR Adhesive in Electronics Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global PUR Adhesive in Electronics Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global PUR Adhesive in Electronics Market, By Type
6. Global PUR Adhesive in Electronics Market, By Application
7. Global PUR Adhesive in Electronics Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global PUR Adhesive in Electronics Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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