The global Electrically Conductive Adhesives Market is estimated to be valued at US$ 2403.21 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Electrically conductive adhesives are a type of adhesive material which helps in establishing an electrical connection between the components being bonded. They are used for various applications such as controlling electromagnetic interference, static charge dissipation, and bonding of printed circuit boards.
Market key trends:
One of the key trends in the electrically conductive adhesives market is the increasing demand from the e-commerce sector. With the rising penetration of internet and growth of online shopping, the need for high-speed data transfer and connectivity solutions is also increasing. Electrically conductive adhesives play a vital role in electronic packaging and assembly applications in the e-commerce industry. They are used for applications such as bonding of connectors, cables and wires, and mounting of various electronic components. The boost in the e-commerce industry is thus expected to support the growth of the electrically conductive adhesives market over the forecast period.
Segment Analysis
The global electrically conductive adhesives market is dominated by anisotropic conductive adhesives segment, which accounted for a major market share in 2022. Anisotropic conductive adhesives are ideal for interconnect applications and are widely used in displays, electronic components and printed circuit boards. These adhesives conduct electricity vertically through conductive particles/filaments embedded in an insulating adhesive matrix between components but resist electron flow horizontally. Due to their applicability in various electronic displays and components, anisotropic conductive adhesives segment is expected to continue its dominance over the forecast period.
Key Takeaways
The Global Electrically Conductive Adhesives Market Size was valued at US$ 2403.21 Mn in 2023 and is expected to grow at a CAGR of 5.6% during the forecast period of 2023 to 2030.
Regional analysis shows that Asia Pacific dominates the electrically conductive adhesives market with largest market share in 2023, attributed to the presence of large electronics industry and growing demand for miniaturized and versatile electronic devices in countries like China, Japan, South Korea and others.
Key players operating in the electrically conductive adhesives market are 3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Dow, MG Chemicals, HITEK Electronic Materials Ltd, Panacol-Elosol GmbH, Bostik, Aremco, Creative Materials Inc., Master Bond Inc., and Parker Hannifin Corp. Among them, Henkel is the leading player in terms of market share in 2023, attributed to its wide product portfolio and global presence.
Electrically Conductive Adhesives Market research report gives methodical idea about the current scenario of the global market, recent developments, product launches, joint ventures, capacity, production value, mergers and acquisitions based on several market dynamics.
Moreover, the report offers advanced information and scenario about the Electrically Conductive Adhesives industry which helps to stand apart in the competition in this fast paced business environment.
Additionally, businesses can make out the response of the consumers to an already existing product in the market.Electrically conductive adhesives market is expected to reach USD 4.16 billion by 2027 from USD 2.15 billion in 2019, growing at a rate of 8.60% for the forecast period of 2020 to 2027.
Data Bridge Market Research report on electrically conductive adhesives market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.Get Sample of Electrically Conductive Adhesives Market for Technological Breakthroughs @: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-electrically-conductive-adhesives-marketThe precise and revolutionary information gained through this report is sure to help businesses in identifying the types of consumers, consumer’s demands, their preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying taste about the specific product already available in the market.
To elaborate the studies and estimations involved in this Electrically Conductive Adhesives Market report, a method of standard market research analysis viz SWOT analysis is put forth.
To make better decisions, generate maximum revenue, and enhance business profit, this Electrically Conductive Adhesives Market research report is a great key.Competition Analysis: The major players covered in the electrically conductive adhesives market report are 3M, Dow, Panacol-Elosol GmbH, Masterbond, H.B.
The global Electrically Conductive Adhesives Market is segmented by type into isotropic conductive adhesives, anisotropic conductive adhesives; by form into paste adhesives, film adhesives; by chemistry into epoxy, silicone, acrylic, polyurethane, others; by filler material into silver fillers, copper fillers, carbon fillers, others; by end-user industries into automotive industries, consumer electronics industry, aerospace industry, othersand by regions.
Advances in aerospace industry in the past few years and growing technological explorations are projected to drive the electrically conductive adhesives market besides the wide range of functions of electrically conductive adhesives in an immense range of processes such as fixing printed circuit board, scanning electron microscopy, electromagnetic radiation obstruction and more during the forecast period.As a home to a number of electronic industries, Asia-Pacific is panned to observe a substantial growth of electrically conductive adhesives market due to rising electrically conductive adhesives usage in countries such as Japan, China and India.
North America follows Asia-Pacific in terms of consumption due to expanding applications of electrically conductive adhesives in military and aerospace industries.
Europe is expected to showcase a stagnant growth in electrically conductive adhesives market over the forecast period owing slowdown in economic growth rate across the region.Request a Sample Copy of Concerned Market Report @ https://www.researchnester.com/sample-request-1005Increasing Requirement on Account of Technological AdvancementsThe use of electrically conductive adhesives in electrical circuit joining and increasing use of these adhesives in technologically advanced electronic devices on account of rising technological advancements is estimated to propel the electrically conductive adhesives market over the forecast period across the globe.Rising Applications in End-User IndustriesThe use of electrically conductive adhesives has been gaining acceleration recently in the military and aerospace industry which is expected to expand the market further over the forecast period.
These adhesives are also used in automotive sensor applications and for flexible displays and PCBs which adds on to the electrically conductive adhesives classical applications.The rising demand for electrically conductive adhesives is primarily due to their superior properties that allow their use in touch panel screens, PV solar panels, and LED/OLEDs along with various other electronic devices.However, cost constraints associated to these electrically conductive adhesives add up to the overall manufacturing charges making the process expensive which is anticipated to behave as the key restraining factor in the growth of electrically conductive adhesives market during the forecast period.The report titled “GlobalElectrically Conductive AdhesivesMarket: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Electrically Conductive Adhesives market in terms of market segmentation by type, by form, by chemistry, by filler material, by end-user industriesand by regions.Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.Curious about this latest version of report?
Obtain Report Details @ https://www.researchnester.com/reports/electrically-conductive-adhesives-market/1005This report also provides the existing competitive scenario of some of the key players of the global Electrically Conductive Adhesives market which includes company profiling ofDOW Corning, Panacol-Elosol GmbH, Msaterbond, The 3M Company, H.B.
