Electrically conductive adhesivesare used in circuits and connections that require high conductivity and low contact resistance. They help in bonding electrical and electronic components and connections in devices like smartphones, wearables, automotive parts etc.
The global Electrically Conductive Adhesives Market is estimated to be valued at US$ 2403.21 Mn or Million 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 key trends:
The growing e-mobility industry is one of the major trends boosting the conductive adhesives market. Conductive adhesives help in bonding electronic components in electric vehicles by providing solid mechanical bonds with very low electrical resistance. They are increasingly being used for battery connections, wiring harnessing and DC/DC converters in electric vehicles. Lightweighting has also increased the use of conductive adhesives for vehicle components. Moreover, conductive adhesives enable miniaturization of electronic and electrical systems. This is fueling their demand across various industries like consumer electronics, automotive, telecommunications etc.
Segment Analysis
The global electrically conductive adhesives market is segmented by form into paste, film and Others. The paste segment dominates the market and is expected to maintain its dominance over the forecast period. Paste form of electrically conductive adhesives provides high bonding strength and good thermal and electrical conductivity. It is easy to dispense and handle, and finds wide applications in various end-use industries.
Key Takeaways
The Global Electrically Conductive Adhesives Market Growth is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period, due to increasing demand from electronics and automotive industries.
Regional analysis:-
Asia Pacific dominates the global market and is expected to continue its dominance over the forecast period. Rapid industrialization and growth of consumer electronics industry in countries such as China and India drives the growth of the market in the region.
Key players:-
Key players operating in the electrically conductive adhesives market are 3M, Aremco, Creative Materials Inc., Dow, H.B. Fuller Company, Henkel AG & Co. KGaA, HITEK Electronic Materials Ltd, Master Bond Inc., MG Chemicals, Panacol-Elosol GmbH, Parker Hannifin Corp., Permabond LLC, and Bostik. 3M is the global leader with product offerings including 3M Scotch-Weld Epoxy Adhesives for bonding electronics applications.
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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.
