The Global SMT Adhesives Market was valued at USD 1.32 Billion in 2023 and is projected to reach USD 1.87 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period (2023–2028). This robust growth is fueled by the expanding electronics manufacturing sector, the proliferation of miniaturized and high-density PCBs, and the rising demand for reliable adhesives in automotive electronics and communication infrastructure.

As the electronics industry pushes the boundaries of innovation with 5G, IoT, and advanced automotive systems, the critical role of Surface Mount Technology (SMT) adhesives becomes increasingly evident. These adhesives are essential for component bonding, thermal management, and structural integrity in modern electronic assemblies. In this blog, we profile the Top 10 Companies in the SMT Adhesives Industry—a group of chemical giants and specialized formulators driving performance and reliability.

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2023-2028 Global and Regional SMT Adhesives Industry Status and Prospects Professional Market – View in Detailed Research Report

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🔟 1. 3M

Headquarters: Saint Paul, Minnesota, USA
Key Offering: Electrically Conductive Adhesives, Thermally Conductive Adhesives, Underfills

3M is a global leader in adhesive technologies, offering a comprehensive portfolio of SMT solutions renowned for their reliability and performance under demanding conditions. Their products are widely used in high-reliability applications such as automotive sensors and military electronics.

Innovation Focus:

• Development of low-outgassing adhesives for aerospace applications

• Advanced thermally conductive formulations for power electronics

• R&D into halogen-free and environmentally friendly adhesive systems

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9️⃣ 2. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: LOCTITE® SMT Adhesives, Underfill Encapsulants, Thermal Interface Materials

Henkel is a dominant force in the electronics adhesives market, with its LOCTITE brand being synonymous with high performance. The company provides solutions for a vast range of SMT applications, from smartphone assembly to advanced driver-assistance systems (ADAS).

Innovation Focus:

• High-speed dispensing adhesives for automated production lines

• Next-generation underfills for chip-scale packages and flip-chips

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8️⃣ 3. H.B. Fuller Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: Epoxy and Cyanoacrylate SMT Adhesives, Potting Compounds

H.B. Fuller offers a diverse portfolio of adhesives engineered for the electronics industry, focusing on strong bonds and resistance to thermal cycling. The company serves a global customer base with a strong emphasis on technical support and custom formulations.

Innovation Focus:

• Custom-formulated adhesives for specific OEM requirements

• Enhanced adhesion on difficult-to-bond substrates

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7️⃣ 4. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: SILASTIC® Silicone Adhesives, Epoxy Systems, Polyurethane Adhesives

Dow brings its extensive polymer science expertise to the SMT adhesives market, particularly with high-performance silicones known for their flexibility and durability. Their materials are critical in applications requiring long-term reliability under extreme temperatures.

Innovation Focus:

• Silicone-based adhesives for flexible and wearable electronics

• Sustainable adhesive solutions with reduced environmental impact

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6️⃣ 5. DELO Industrial Adhesives

Headquarters: Windach, Germany
Key Offering: Light-Curing Adhesives, Dual-Cure Systems, High-Temperature Resistant Adhesives

DELO specializes in high-performance, light-curing adhesives that enable rapid processing speeds essential for modern SMT lines. Their products are known for exceptional strength and precision, making them ideal for micro-electronics and photonics.

Innovation Focus:

• UV/heat dual-cure adhesives for shadowed areas

• Adhesives compatible with lead-free soldering processes

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2023-2028 Global and Regional SMT Adhesives Industry Status and Prospects Professional Market – View in Detailed Research Report

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5️⃣ 6. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: ARALDITE® Epoxy Adhesives, Uralane™ Urethane Systems

Huntsman is a key supplier of advanced epoxy and polyurethane chemistries for the electronics market. Their ARALDITE brand is trusted for structural bonding and encapsulation where chemical resistance and thermal stability are paramount.

Innovation Focus:

• Fast-curing epoxy systems to increase manufacturing throughput

• Low-stress formulations to prevent damage to delicate components

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4️⃣ 7. LORD Corp.

Headquarters: Cary, North Carolina, USA
Key Offering: Chemlok® Adhesives, Cyanoacrylates, Epoxy Films

A Parker Hannifin company, LORD Corp. provides engineered adhesives for demanding applications, including aerospace, defense, and automotive electronics. Their expertise lies in creating bonds that withstand vibration, shock, and harsh environments.

Innovation Focus:

• Vibration-damping adhesive formulations

• Adhesives for bonding dissimilar materials in electronic assemblies

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3️⃣ 8. Illinois Tool Works (ITW)

Headquarters: Glenview, Illinois, USA
Key Offering: PLEXUS® Methacrylate Adhesives, Devcon® Epoxies

ITW’s diversified portfolio includes high-strength structural adhesives under brands like PLEXUS, which are used for bonding large components and heat sinks in power electronics. Their products are valued for rapid curing and high impact strength.

Innovation Focus:

• Methacrylate adhesives for bonding plastics to metals in electronics housings

• Solutions for thermal management in high-power LED and computing applications

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2️⃣ 9. Hexion Inc.

Headquarters: Columbus, Ohio, USA
Key Offering: Epoxy Phenolic Resins, Specialty Formulations for Electronics

Hexion is a leading global producer of thermoset resins, supplying key ingredients and formulated adhesives for the electronics industry. Their materials are essential for PCB laminates, semiconductor encapsulation, and SMT assembly.

Innovation Focus:

• High-purity epoxy systems for semiconductor packaging

• Flame-retardant adhesives compliant with international safety standards

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1️⃣ 10. Panacol-Elosol GmbH

Headquarters: Oberursel, Germany
Key Offering: Structuring Adhesives, UV-Curing Systems, Glass Bonding Adhesives

Panacol-Elosol is a specialist manufacturer of high-performance adhesives, particularly known for its UV-curing products used in precision optical and electronic assemblies. The company serves niche markets requiring the highest levels of accuracy and reliability.

Innovation Focus:

• Adhesives with low ionic contamination for sensitive electronic components

• Color-changing adhesives to verify complete UV curing

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2023-2028 Global and Regional SMT Adhesives Industry Status and Prospects Professional Market – View in Detailed Research Report

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🌍 Outlook: The Future of SMT Adhesives Is Smarter and More Specialized

The SMT adhesives market is evolving rapidly to keep pace with the relentless miniaturization and performance demands of the electronics industry. While traditional epoxy formulations remain widely used, the focus is shifting toward multi-functional materials that offer conductivity, thermal management, and enhanced durability.

📈 Key Trends Shaping the Market:

• Growing demand for electrically conductive adhesives as a lead-free solder alternative

• Increased adoption of thermally conductive adhesives for power-dense 5G and electric vehicle electronics

• Development of low-temperature cure adhesives for heat-sensitive components and flexible substrates

• Stringent environmental regulations driving innovation in green chemistry and sustainable formulations

The companies listed above are not just supplying adhesives—they are enabling the next generation of electronic innovation by providing the fundamental materials that make advanced electronics possible.

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2023-2028 Global and Regional SMT Adhesives Industry Status and Prospects Professional Market – View in Detailed Research Report