The global polyurethane (PU) adhesive in electronics market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to superior intrinsic properties of polyurethane, such as thermal dissipation functionality, making them suitable for numerous applications.
Polyurethane adhesives, also known as PU adhesives, are adhesives used for higher strength constructions and can be used for both inelastic and permanently elastic adhesives. They are based on polymers, but often contain various additives. PU adhesives are often used as two-component adhesives.
PU adhesives are multi-purpose products and can be used to bond a variety of building materials, which include wood, glass, concrete, metals, and carpets. These adhesives are flexible, durable, and provide good impact resistance. They vary in degree of resistance, which depends on the exposed heat and type of chemicals to the adhesive. They can be used to seal fuel tanks and are not damaged by prolonged high temperature.
PU adhesives are formed by the reaction of various types of isocyanates with polyols. The polar urethane group enables adhesion to various surfaces. Depending on the raw material, elastic to brittle hard characteristic of the adhesive can be achieved.
Polyurethane (PU) Adhesive in Electronics Market Trends, Drivers, Restraints, and Opportunities:
- Increased application in automotive industry is one of the major drivers that is contributing to the growth of the global polyurethane (PU) adhesive in electronics market.
- Growing technological dominance in the electronic market is expected to augment the market growth.
- Lack of awareness about the wider application of PU adhesive in electronics can restraint the growth of the market.
- Stringent regulations related to volatile organic compounds (VOCs) emission can hinder the market growth.
- Continuous innovation and development of advanced manufacturing process can create remunerative opportunities for the industry players in the projected timeline.
Scope of the Polyurethane (PU) Adhesive in Electronics Market Report
The report on the global polyurethane (PU) adhesive in electronics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Polyurethane (PU) Adhesive in Electronics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Product Types (Electrically Conductive Adhesive, Thermally Conductive Adhesive, UV Curing Adhesive, and Others) and Applications (Surface Mounting, Conformal Coatings, Wire Tacking, Potting, and Encapsulation)
North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
3M, Arkema Group, H.B. Fuller, Sika AG, and Henkel AG & Co. KGaA
Polyurethane (PU) Adhesive in Electronics Market Segment Insights:
Electrically conductive adhesive segment to grow at a rapid pace
Based on product types, the market is divided into electrically conductive adhesive, thermally conductive adhesive, UV curing adhesive, and others. The electrically conductive adhesive segment is anticipated to account for a key market share and is anticipated to grow at a rapid rate during the forecast period. The electronics industry has been continuously innovating existing products with advanced features along with development of new electronic devices, which is expected to drive the segment growth. Thus, ongoing innovation in the electronics industry, which includes 5G supporting smartphones is propelling the market segment growth.
Conformal coatings segment to account a major market share
Based on applications, the market is divided into surface mounting, conformal coatings, wire tacking, potting, and encapsulation. The conformal coatings segment is anticipated to account for a major market share in the projected timeline. Printed circuit boards (PCBs) are required to be protected from moisture, salt spray, chemicals and temperature extremes in order to prevent corrosion or electrical failures.
Asia Pacific to account a significant market share
On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is anticipated to account for a considerable market share owing the presence of strong production base of end-user industries, and growing investments in the construction of manufacturing facilities have been driving the consumption of polyurethane (PU) adhesives in electronics.
The global Polyurethane (PU) adhesive in electronics market have been segmented on the basis of
- Electrically Conductive Adhesive
- Thermally Conductive Adhesive
- UV Curing Adhesive
- Surface Mounting
- Conformal Coatings
- Wire Tacking
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
The major players of the market are 3M, Arkema Group, H.B. Fuller, Sika AG, and Henkel AG & Co. KGaA. Companies are heavily investing in R&D activities, and engaging in partnerships, joint ventures, and acquisitions to expand their market share.