Electrically Conductive Adhesives Market set to surge, anticipated 16.2% CAGR growth propels valuation to USD 3.52 billion by 2030

Global Electrically Conductive Adhesives Market Size Was Valued at USD 2.27 Billion In 2022 And Is Projected to Reach USD 3.52 Billion By 2030, Growing at A CAGR of 16.2% From 2023 To 2030.

Market Overview:

Electrically conductive adhesives are generally employed in electronics applications where components must be held in place during electrical current can flow between them. Some common general such as anaerobic, cyanoacrylates, epoxies, and acrylic-based adhesives play as an electrical insulator depending on the space between components.

Many supplies have good thermal conductivity to help in the thermal management of electronic components and heat sinks by directing heat away from sensitive components. As long as, there is no glue line control in some circumstances primarily when utilizing an anaerobic or cyanoacrylate adhesive and parts are effectively touching with adhesives filling in microscopic crevices, many electrical charges can still be changed due to there being adequate metal-to-metal contact.

Top Key Players in Electrically Conductive Adhesives Market:

3M, Aremco, Creative Materials Inc., Dow, H.B. Fuller Company, Henkel AG & Co.

KGaA, HITEK Electronic, Materials Ltd, Master Bond Inc., MG Chemicals, Panadol-Elosol GmbH, Parker Hannifin Corp., Permabond LLC, and Other Major Players.

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Market Dynamics and Factors for Electrically Conductive Adhesives Market:

Drivers:

Increasing Application In Power Electronics

Electrically conductive adhesives find a broad range of applications in various power electronics assemblies. These adhesives are applied for electrical interconnection and are also appropriate for structural and thermal bonding applications, providing enhanced reliability in electronic systems.

Electrically conductive adhesives are processes where heat curing or hot soldering can be altered, as they offer superior adhesion, excellent electrical conductivity, and good physical strength at a high temperature. During the manufacturing of precision electronic products, often, the heat generated by soldering causes problems and solder reflow temperatures can hinder temperature-sensitive componentry usage.

Therefore, to overcome this challenge, manufacturers generally prefer electrically conductive adhesives and electrically conductive pastes as an alternative, as they do not need to be heated to the same high temperatures as solder.

Opportunities:

Increasing Demand From Aerospace, Automotive, and Various Other Sectors

Growth in the application of electronic components in the aerospace, automotive, and various other sectors will further propel several new opportunities for the electrically conductive adhesive market to grow in the upcoming years. In addition, technological innovations in electric vehicles and proactive government initiatives are anticipated to create lucrative opportunities for the growth of the market.

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Segmentation Analysis of the Electrically Conductive Adhesives Market:

By Chemistry Type, the epoxy segment accounted for the largest share, with about 33.43% of the total revenue of the global electrically conductive adhesives market, in 2020. However, the acrylic segment is expected to witness the fastest CAGR over the forecast period.

By Type, the anisotropic segment accounted for the largest share, with about 82.22% of the total revenue of the global electrically conductive adhesives market, in 2020. Moreover, the anisotropic segment is expected to witness the fastest CAGR over the forecast period.

By Type

• Epoxy
• Silicone
• Polyurethane
• Acrylic
• Other

By Application

• Automotive
• Aerospace & Defence
• Consumer Electronics
• Bioscience
• Other

Regional Analysis of the Electrically Conductive Adhesives Market:

Asia-Pacific is expected to dominate the global market for electrically conductive adhesives during the forecast period. Due to the high demand from countries like China, India, and Japan, the market for electrically conductive adhesives has been growing.

The largest producers of electrically conductive adhesives are located in Asia-Pacific. Some of the leading companies for the production of electrically conductive adhesives are Henkel AG & Co.

KGaA, 3M, Dow, Aremco, and HB Fuller Company. The “Made in China 2025” policy, incorporated by China, set specific targets to increase self-sufficiency in integrated circuits production to 40% in 2020 and 70% by 2025.

This is expected to increase the scope of application for electrically conductive adhesives in-circuit chips over the coming years.

Key Industry Development:

In May 2019, Dow launched DOWSIL EC-6601, the next-generation electrically conductive adhesive that provides EMC (electromagnetic compatibility) and 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.

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