Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.23 Billion | USD 6.33 Billion | 7.75% | 2023 |
Zion Market Research has published a report on the global Electrically Conductive Adhesives Market, estimating its value at USD 3.23 Billion in 2023, with projections indicating that it will reach USD 6.33 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.75% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Electrically Conductive Adhesives industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Electrically conductive adhesives are liquid or fluid monomer materials, which are polymerized to the thermosetting polymer on heating. The polymer network electrically insulates along with electrical resistivity. They have small conductive particles, which cause electric conductivity and flow of electric current in the component. Primarily electrically conductive adhesives are the glue that is used in electronics. Conductive components are usually copper, silver or graphite and the fluid component is synthetic resins, varnish, or combinations of both. Electrically conductive adhesives offer the superb alternative to lead-solder interconnection in microelectronic packaged applications. These adhesives are used in electrical interconnect, thermal, and structural bonding to improve the reliability of electronic systems. Electrically conductive adhesives are used in various electronics equipment such as laptop computers, desktops, electronics watch, camcorders, hard-drive suspensions and others
For years, electrically conductive adhesives have been an integral part of the electronics industry. Owing to technological development in various industries such as automotive, aerospace, biosciences, there is increased use of electronic components for reliability and precisions in their products, which in turn drives the global electrically conductive adhesives market. The electrically conductive adhesives market is expected to grow with increasing miniaturization of electronic goods and gadgets in various electronics products in coming years. Growth and development in bioscience may fuel the demand for electrically conductive adhesives in the near future. The tremendous growth in the usage of LCD displays, OLED displays, mobiles, laptops, tablets is also expected to drive the demand for electrically conductive adhesives in the coming years.
The electrically conductive adhesives market has been broadly segmented into type, application and filler material.
The type segment of the global market includes isotropic conductive adhesives and anisotropic conductive adhesives.
Of these, isotropic conductive adhesives are the largest segment in the global market, which are conductive in both direction, and anisotropic conductive adhesives are conductive in only one direction.
The electrically conductive adhesives market is classified based on the application as automotive, aerospace, bioscience, and so on.
On the basis of filler, the global market is fragment into the silver filler, graphite filler, and copper filler.
Report Attributes | Report Details |
---|---|
Report Name | Electrically Conductive Adhesives Market |
Market Size in 2023 | USD 3.23 Billion |
Market Forecast in 2032 | USD 6.33 Billion |
Growth Rate | CAGR of 7.75% |
Number of Pages | 110 |
Key Companies Covered | Henkel AG & Co, H.B. Fuller Company, Panacol-Elosol GmbH, Aremco Products Inc., Ellsworth Adhesives, and United Resin Corp. Other players influencing the global market are Master Bond Inc., Applied Technologies Inc, Stockwell Elastomerics Inc., and PCR Technologies Inc. |
Segments Covered | By Type, By Application , By Filler Material And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Geographically, the electrically conductive adhesives market is segregated as North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Innovation and emerging startups in North America and Europe are expected to give rise to global electrically conductive adhesives market. Asia-Pacific region is developing as a lucrative market for smartphones, which in turn driving the global market growth in future. Latin America and the Middle East are leading consumers of electronics products, which will drive the global electrically conductive adhesives market growth.
Some main participants of the Electrically Conductive Adhesives Market are:
Other players influencing the global market are
By Product Type
By Fillers Type
By Automotive
FrequentlyAsked Questions
Increase in use of electronic components in various industries such as aerospace, automotive, and consumer electronics, among others. Furthermore huge demand for FMCG sector has driven the growth of Electrically Conductive Adhesives in Asia Pacific region.
According to Zion Market Research, the global Electrically Conductive Adhesives Market, estimating its value at USD 3.23 Billion in 2023, with projections indicating that it will reach USD 6.33 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.75% over the forecast period 2024-2032.
Emerging economies such as India and China in Asia Pacific are expecting huge growth in Electrically Conductive Adhesives. Recent technological innovation is considered as one of the major driving factor for the growth of the market.
Some main participants of the Electrically Conductive Adhesives market are Henkel AG & Co, H.B. Fuller Company, Panacol-Elosol GmbH, Aremco Products Inc., Ellsworth Adhesives, and United Resin Corp. Other players influencing the global market are Master Bond Inc., Applied Technologies Inc, Stockwell Elastomerics Inc., and PCR Technologies Inc.
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