PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1270330
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1270330
Electrically Conductive Adhesive Market size was valued at USD 2,609.8 Million in 2022, expanding at a CAGR of 9.8% from 2023 to 2030.
Electrically conductive adhesive (ECA) is a specialized adhesive material that possesses the unique ability to conduct electricity. Unlike traditional methods such as soldering or welding, ECAs provide a reliable solution for creating electrical connections between two surfaces without the need for heat or specialized equipment. ECAs are specifically designed to bond both conductive and non-conductive surfaces together, while simultaneously providing a stable electrical connection. This makes them an ideal alternative to traditional methods, particularly in situations where heat-sensitive materials or delicate electronic components are involved.
Electrically Conductive Adhesive Market- Market Dynamics
The growing demand for electrically conductive adhesives in the electronics industry is expected to drive significant expansion in this market in the coming years. With the increasing use of technologically advanced electronic devices, the need for sophisticated adhesive materials that are both strong and conductive is on the rise. This ensures that the conductivity is maintained when linked to an electronic component.
The trend of miniaturization in electronic devices is also contributing to the growth of the Electrically Conductive Adhesive Market. Manufacturers are focusing on producing reliable and small electronic devices while simultaneously reducing material and manufacturing costs. By utilizing adhesives, manufacturers can create lighter, thinner, faster, smaller, more powerful, and energy-efficient consumer and industrial electronic systems. Over the projected period, manufacturers are expected to invest in research and development efforts to reduce overall costs and increase the quality of electrically conductive adhesives. This will enable them to meet the increasing demand for these materials while remaining competitive in the market.
Furthermore, the growing popularity of electric vehicles is also contributing to the expansion of the Electrically Conductive Adhesive Market. Electric vehicles are powered by electric generators that convert fuel to electricity, solar panels, or a battery. As an alternative to traditional fuel-based vehicles, electric vehicles are gaining significant momentum and are expected to be a major growth factor in the market.
The Global Electrically Conductive Adhesive Market is segmented on the basis of Morphology, Filler Material, Application and Region.
Based on Morphology, the market is bifurcated into Isotropic Conductive Adhesives, Anisotropic Conductive Adhesives. Isotropic Conductive Adhesives accounted for the largest market share and is projected to grow at a CAGR of 7.64% during the forecast period. Isotropic conductive adhesives (ICA) are electrically conductive in all directions. They're employed in applications like chip contacting and electrically conductive SMD bonding. Metal/epoxy composites with high loading exceeding the percolation threshold for electrical conduction are known as isotropic conductive adhesives.
On the basis of Filler Material, the Global Electrically Conductive Adhesives Market has been segmented into Silver Fillers, Copper Fillers, Carbon Fillers, Others. Silver Fillers accounted for the largest market share and is projected to grow at the highest CAGR of 9.46% during the forecast period. Thermosetting resin and electrically conductive filler have been used to make high-performance conductive adhesives. Because of its high conductivity, silver has become a popular electrically conductive filler.
Electrically Conductive Adhesive Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Asia-Pacific accounted for the largest market share and is projected to grow at the highest CAGR of 9.83% during the forecast period. China is quickly becoming one of the largest markets for electrically conductive adhesive, both in terms of consumption and production, accounting for slightly more than half of the total market in Asia Pacific. Factors such as rising urbanization and increased connectivity, as well as the use of modern technology in the manufacture of safety and infotainment systems, are driving up demand for printed circuit boards.
The competitive landscape of the electrically conductive adhesive market is characterized by the presence of a large number of players operating in the market. The market is highly fragmented with several small and medium-sized players competing against each other. Some of the major players in the market are Henkel AG & Co. KGaA, 3M Company, H.B. Fuller Company, Parker Hannifin Corporation, and Dow Inc.
These key players in the market are adopting various growth strategies such as mergers and acquisitions, partnerships, collaborations, and new product launches to expand their market share and strengthen their position in the market. For example, in 2021, Henkel AG & Co. KGaA announced the launch of its new electrically conductive adhesive, LOCTITE ECCOBOND UF 1173, for automotive applications.
This proposed research study on Electrically Conductive Adhesive Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Electrically Conductive Adhesive Market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Electrically Conductive Adhesive Market
Impact of COVID-19 on Electrically Conductive Adhesive Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Electrically Conductive Adhesive Market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Electrically Conductive Adhesive Market, we have also included competitive landscape and key innovator analysis for the Electrically Conductive Adhesive Market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the Electrically Conductive Adhesive Market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Electrically Conductive Adhesive Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
GLOBAL ELECTRICALLY CONDUCTIVE ADHESIVE MARKET KEY PLAYERS
Henkel AG & Co. KGaA
3M Company
H.B. Fuller Company
Parker Hannifin Corporation
Dow Inc.
Panacol-Elosol GmbH
Aremco Products Inc.
Masterbond Inc.
Permabond LLC
MG Chemicals
Mereco Technologies Group Inc.
Creative Materials Inc.
AI Technology, Inc.
Protavic America, Inc.
Dymax Corporation
GLOBAL ELECTRICALLY CONDUCTIVE ADHESIVE MARKET, BY MORPHOLOGY
Isotropic Conductive Adhesives
Anisotropic Conductive Adhesives
GLOBAL ELECTRICALLY CONDUCTIVE ADHESIVE MARKET, BY FILLER MATERIAL
Silver Fillers
Copper Fillers
Carbon Fillers
Others
GLOBAL ELECTRICALLY CONDUCTIVE ADHESIVE MARKET, BY APPLICATION
Automotive
Consumer Electronics
Biosciences
Aerospace
Others
GLOBAL ELECTRICALLY CONDUCTIVE ADHESIVE MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA