Electrical and Electronic Adhesive Market Expands as Consumer Electronics and EVs Drive Innovation
The global electrical and electronic adhesives market was valued at USD 6.28 billion in 2024 and is projected to grow at a CAGR of 8.0% from 2025 to 2030, reaching USD 9.93 billion by 2030. This robust growth is fueled by rising demand for compact, high-performance electronic devices, especially in emerging segments such as wearable technology, flexible electronics, and smart devices. As electronic assemblies become smaller and more complex, the need for advanced adhesives that offer superior bonding, thermal management, and electrical conductivity becomes essential.
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The rise of Industry 4.0 and automated manufacturing processes has further amplified the need for high-efficiency adhesive solutions that can withstand rapid assembly operations. In parallel, the market is experiencing a shift toward eco-friendly adhesives, including water-based and bio-based alternatives, to comply with tightening environmental regulations and growing consumer preference for sustainable solutions.
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Product Insights
Electrically Conductive Adhesives
In 2024, electrically conductive adhesives dominated the market with a 38.6% revenue share. Their growing use in solar PV modules, electric vehicles, and power electronics stems from their ability to ensure stable current flow and strong mechanical bonding. These adhesives are critical for battery management systems, connectors, and sensors in modern electronics. Technological advancements and the push for smaller, high-performance devices continue to propel their adoption.
UV Curing Adhesives
UV curing adhesives are projected to expand at a CAGR of 8.7% through 2030. Their popularity stems from fast curing times, on-demand application, and minimal heat generation, making them ideal for delicate components in medical electronics, aerospace, and high-precision assembly. With growing demand for clean-room compatible and efficient adhesive technologies, UV adhesives are emerging as a key growth segment.
Key Market Drivers
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Miniaturization of electronic devices: Demands specialized adhesives for precision bonding and heat dissipation.
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Emergence of wearable and flexible electronics: Requires adhesives with adaptability, conductivity, and thermal resistance.
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Growth in EVs and advanced automotive electronics: Increases usage of adhesives in battery systems, sensors, and control units.
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Rising adoption of Industry 4.0 practices: Encourages development of adhesives compatible with automated, high-speed assembly lines.
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Sustainability and regulatory compliance: Drives innovation in water-based and solvent-free adhesive technologies.
Application Insights
Surface-Mount Devices (SMDs)
SMDs held the largest application share, contributing to 42.2% of total revenue in 2024. The ongoing trend toward compact electronics in sectors such as consumer electronics, telecom, and automotive has driven the demand for adhesives that enable fast, reliable, and thermally stable component mounting.
Potting & Encapsulation
This segment is expected to grow at a CAGR of 8.2% from 2025 to 2030. Potting and encapsulation adhesives offer mechanical shock resistance, electrical insulation, and protection from harsh environments, making them ideal for consumer electronics, industrial controls, and automotive applications. The miniaturization of devices has further accelerated adoption, as these adhesives help preserve performance and prolong product life.
Regional Insights
Asia Pacific
Asia Pacific led the global market with a 52.6% revenue share in 2024, driven by the region’s booming electronics manufacturing hubs in China, South Korea, and Taiwan. These countries are key players in global electronics supply chains, offering both domestic consumption and component exports. Cost-effective production, rapid industrialization, and rising consumer tech adoption further reinforce Asia Pacific’s leadership.
China
China remains the largest market in the region, supported by government policies to expand domestic electronics manufacturing, the proliferation of 5G, AI, and IoT technologies, and the country's vast consumer electronics sector.
North America
North America is experiencing steady growth, powered by demand from semiconductors, aerospace, defense, and wearable medical devices. A strong R&D ecosystem and the presence of key electronics and adhesive manufacturers enhance the region's competitive edge.
United States
The U.S. dominates North America’s market, with advanced infrastructure in automotive electronics, aerospace systems, and semiconductor innovation. High R&D investment and demand for cutting-edge electronic materials continue to drive adhesive usage.
Europe
Europe’s market is supported by the continent’s established automotive, healthcare, and industrial sectors. The rise of electric vehicles, autonomous driving systems, and eco-friendly regulations has accelerated the demand for high-performance and sustainable adhesive solutions in electronic applications.
Middle East & Africa
Growth in the Middle East & Africa is being driven by increased infrastructure development, smart city initiatives, and expanding telecommunications networks. Demand for adhesives is also rising in consumer electronics and industrial electronics manufacturing.
Segmentation Analysis
By Product (Volume, Kilotons; Revenue, USD Million, 2018–2030):
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Electrically Conductive Adhesives
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Thermally Conductive Adhesives
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UV Curing Adhesives
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Others
By Application (Volume, Kilotons; Revenue, USD Million, 2018–2030):
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Surface-Mount Devices (SMD)
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Potting & Encapsulation
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Conformal Coatings
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Others
By Region (Volume, Kilotons; Revenue, USD Million, 2018–2030):
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North America (U.S.)
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Europe (Germany, France, Italy)
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Asia Pacific (China, India, Japan)
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Latin America
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Middle East & Africa
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