Global Electrically Conductive Adhesive Market, By Type (Isotropic Conductive Adhesives, Anisotropic Conductive Adhesives), Application (Automotive, Consumer Electronics, Aerospace, Biosciences, Others), Chemistry (Epoxy, Silicone, Acrylic, Polyurethane, Others), Filler Material (Silver Fillers, Carbon Fillers, Copper Fillers, Others) – Industry Trends and Forecast to 2029.
Electrically Conductive Adhesive Market Analysis and Size
Now, electrically conductive adhesive has become a major part of electrical, and automotive, industry. Industrial development and Upsurge in different end-user product demand are the major factors which is increasing the demand for electrically conductive adhesives, which in turn, to propel the overall growth of electrically conductive adhesives market globally. Electrically conductive adhesives are used for various purposes such as coating and bonding RFID chips, touch-panels, LCD displays, and mounting LEDs. Solar cells also use electrically conductive adhesives instead of solder which are expected to drive the demand of electrically conductive adhesive in the market.
Data Bridge Market Research analyses that the electrically conductive adhesive market is expected to undergo a CAGR of 8.48% during the forecast period. This indicates that the market value, which was USD 2,617.64 million in 2021, would rocket up to USD 5,020.04 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Electrically Conductive Adhesive Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Isotropic Conductive Adhesives, Anisotropic Conductive Adhesives), Application (Automotive, Consumer Electronics, Aerospace, Biosciences, Others), Chemistry (Epoxy, Silicone, Acrylic, Polyurethane, Others), Filler Material (Silver Fillers, Carbon Fillers, Copper Fillers, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Master Bond Inc. (U.S.), Panacol-Elosol GmbH (Germany), Aremco Products Inc. (U.S.), DuPont (U.S.), SOLVAY (Belgium), Dow (U.S.), Henkel AG & Co. KgaA (Germany), 3M (U.S.), Bostik (France), Sika AG (Switzerland), H.B. Fuller (U.S.), BASF SE (Germany), DAP Global Inc.(U.S.), Owens Corning (U.S.), The Chemours Company (U.S.), Paroc Group (Finland), Kingspan Group (Ireland), Knauf Insulation (U.S.), DAIKIN (Japan), GAF (U.S.), SOLVAY (Belgium), Saint-Gobain (France), Franklin International (U.S.), Illinois Tool Works Inc. (U.S.), AVERY DENNISON CORPORATION (U.S.)
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Market Opportunities
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Market Definition
An electrically conductive adhesive is a glue mainly used for electronics applications where electric parts need to be held in a specific place and electrical current can be passed between them. The use of electrically conductive adhesive depends on the gap between the components. Most common adhesives such as epoxies, anaerobic, cyanoacrylates and acrylic-based adhesives act as an electrical insulator.
Electrically Conductive Adhesive Market Dynamics
Drivers
- Rise in demand due to their qualities
Electrically conductive adhesives contain unique qualities which includes moisture resistance, low shrinkage, and strong bonds mainly due to the presence of filler materials. In addition, it can also block the electromagnetic radiations emitted by electronic devices. The rising demand for electrically conductive adhesives due to different qualities is expected to drive the market's growth.
- Growing demand of miniaturization in electronic devices
Growing trend of miniaturization in electronic devices are expected to drive the growth rate of the electrically conductive adhesive market. Manufacturers are focusing on producing reliable and small electronic devices to decrease the cost of material and manufacturing. Manufacturers can build faster, smaller, lighter, thinner, more powerful, and energy-efficient consumer and industrial electronic systems using electrically conductive adhesives.
- Rising demand of silver filler
The demand for silver fillers increase due to its growing popularity to provide improved low shrinkage attributes, moisture resistance, and adhesion. The ease of availability in an assortment of controllable shapes and sizes coupled with the growing adoption in the manufacturer of high-performance electrically conductive adhesives which are projected to drive the demand of electrically conductive adhesives in the market.
Opportunities
- Technological development
The development of several efficient technologies such as carbon nanotubes, silver nanowires, silver nanoparticles, and nickel nanotubes will further create the beneficial opportunities for the growth of global electrically conductive adhesives market during forecast period of 2022-2029
Furthermore, rise in the usage of electronic components in automotive, aerospace, and various other industries in upcoming years will further increase various new opportunities for the growth of the electrically conductive adhesive market in the forecast period.
Restraints/Challenges
- Government regulation regarding the use of electrically conductive adhesives
The governments of several economies have regulated many guidelines regarding the use of electrically conductive adhesives, which is the major restraining factor for the market. Electrical and electronic wastes formed during the disposal, producing pollution hazard and creating environmental problems which are the major challenges for the market growth rate.
This electrically conductive adhesive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electrically conductive adhesive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Electrically Conductive Adhesive Market
The outbreak of COVID-19 pandemic drew an adverse impact on the global economy which also affected the growth of the electrically conductive adhesives worldwide. It also posed unprecedented challenges on the sales, demand and production of electrically conductive adhesives considering the delayed activities across the electronics and automotive sectors. This is on account of the advent of unfavorable situations, including the scarcity of labor and raw materials caused by the imposition of the social distancing and lockdown norms.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In May 2019, Dow launched DOWSIL EC-6601,thet next-generation electrically conductive adhesive thatprovidese EMC (electromagnetic compatibility)ands reliable performance. The product deals with the demanding electrical and electronics applications across the communications, transportation, and consumer sectors.
- In July 2019, Dow also launched silicone-based conductive adhesives to deliver optical bonding in communications, automotive and consumer electronics.
Global Electrically Conductive Adhesive Market Scope
The electrically conductive adhesive market is segmented on the basis of type, application, chemistry and filler material. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Isotropic Conductive Adhesives
- Anisotropic Conductive Adhesives
Application
- Automotive
- Consumer Electronics
- Aerospace
- Biosciences
- Others
Chemistry
- Epoxy
- Silicone
- Acrylic
- Polyurethane
- Others
Filler Material
- Silver Fillers
- Carbon Fillers
- Copper Fillers
- Others
Electrically Conductive Adhesive Market Regional Analysis/Insights
The electrically conductive adhesive market is analysed and market size insights and trends are provided by country, type, application, chemistry and filler material as referenced above.
The countries covered in the electrically conductive adhesive market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the electrically conductive adhesive market due to the presence of an optimum number of electronics companies and increasing progressions in the hardware business in this region.
North America and Europe will continue to project the highest compound annual growth rate due to the rapid industrial development such as electronics and automotive industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electrically Conductive Adhesive Market Share Analysis
The electrically conductive adhesive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electrically conductive adhesive market.
Some of the major players operating in the electrically conductive adhesive market are:
- Master Bond Inc. (U.S.)
- Panacol-Elosol GmbH (Germany)
- Aremco Products Inc. (U.S.)
- DuPont (U.S.)
- SOLVAY (Belgium)
- Dow (U.S.)
- Henkel AG & Co. KgaA (Germany)
- 3M (U.S.)
- Bostik (France)
- Sika AG (Switzerland)
- H.B. Fuller (U.S.)
- BASF SE (Germany)
- DAP Global Inc.(U.S.)
- Owens Corning (U.S.)
- The Chemours Company (U.S.)
- Paroc Group (Finland)
- Kingspan Group (Ireland)
- Knauf Insulation (U.S.)
- DAIKIN (Japan)
- GAF (U.S.)
- SOLVAY (Belgium)
- Saint-Gobain (France)
- Franklin International (U.S.)
- Illinois Tool Works Inc. (U.S.)
- AVERY DENNISON CORPORATION (U.S.)
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