Market Overview

The curing adhesives market is projected to witness healthy growth during the ongoing forecast period, 2021–2028. It was valued at USD 6,132.73 million in 2020 and is projected to register a CAGR of 7.76% to reach USD 10,795.82 million by the end of the period.

There has been an increasing demand for curing adhesives is due to their growing applications in the electronics industry. Additionally, the trends suggest that the growing application in the automotive assembly line and industrial goods is expected to drive the forecast period. Moreover, the technological dominance in the Asian Pacific region is expected to create lucrative opportunities for the market.

Curing adhesives are used prominently in the electronics manufacturing industry with ever-increasing frequency due to their properties and process advantages, which are a good fit for the manufacturing requirements that are demanded by the current electronic industry drivers. The drives include environmental and health & safety demands, miniaturization, minimizing total product cost, and manufacturing yield improvement. The market products and services offer an ideal bonding for heat sinks and heat-sensitive components, wire and component tacking, strain relief of large parts, and hand-in-checked components before wave soldering. Curing adhesives in the electronics manufacturing market industry have found applications in wire and parts tacking, strain relief, tamper-proofing, coil terminating, temporary masking, structural bonding, encapsulation, potting, conformal coating, surface mount component attachment, and glob topping.

Market Segmentation

The global curing adhesives market growth has been segmented based on the resin, product type, application, and region.

The acrylate segment of the market accounted for the largest share of over 35% in 2020 due to its growing applications in the electronics sector.

By product type, the global curing adhesives market has been classified into moisture-cure, UV cure, and others like heat or thermal cure.

The global curing adhesives market, based on application, has been classified into electronics & electrical, and many others. The other segment of the market had dominated the global curing adhesives market with a share of over 70% in 2020 due to the growth of the industries across the globe.

Regional Analysis

The global curing adhesives market has been divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The Asian Pacific region had held the largest market share of 35.5% in 2020 due to the rapid industrialization and commercialization in the region. Furthermore, growing investments in infrastructure and electronics sectors have positively impacted the region’s regional demand for curing adhesives.

Europe held the second-largest market share of the global curing adhesives market in 2020.

North America is expected to witness significant demand for curing adhesives due to its widespread renewable energy and construction industry applications.

Industry News

In October 2021, Evonik — a prominent market player had introduced its latest TEGO RC 1442 silicone release coating based on its present RC 1400 series technology, delivering high-performance advantages customers expect from the company.

This product coating has been created for fast curing pressure-sensitive adhesive applications. It offers impressive anchorage to the substrates while delivering stable release values in time, regardless of the humid storage conditions.

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