Worldwide Electronic Adhesives Industry Expected to Reach $7.9 Billion
According to a recently released study, the global electronic adhesives market is estimated to be $5.71 billion in 2022 and is expected to reach $7.99 billion by 2027. It is anticipated that the market will show at a compound annual growth rate of 6.94% during the forecast period.
The report lists the following drivers of growth in the global electronic adhesives market: continuing expansion of electronic applications that increase electronic assembly productivity, the growing need for miniaturized electronic products, and rising demand due to the introduction of 5G networks. A factors restraining market growth is the fluctuating price of raw materials.