Electrically Conductive Adhesives Market to Grow with a CAGR of 6.89% through 2028
Rapid development of the consumer goods industry are
expected to drive the Global Electrically Conductive Adhesives Market growth in
the forecast period, 2024-2028.
According to TechSci Research report, “Electrically
Conductive Adhesives Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global
Electrically Conductive Adhesives Market stood at USD2.97 billion in 2022 and
is anticipated to grow with a CAGR of 6.89% in the forecast period, 2023-2028.
The initiatives taken by government based on electrically conductive adhesives
has led to favorable market conditions for the Global Electrically Conductive
Adhesives Market. Several factors contribute to the growth of various electrically
conductive adhesives products.
One significant way governments have influenced the
ECAs market is through initiatives promoting renewable energy. In December
2022, for instance, the German parliament adopted a tax relief package for
rooftop photovoltaic (PV) installations. This move is likely to boost the
demand for ECAs, which are used extensively in solar panels. By providing tax
incentives, the government aims to encourage more individuals and businesses to
invest in renewable energy sources, such as solar power. This not only helps reduce
carbon emissions but also contributes to the growth of the ECAs market, as the
demand for solar panels increases.
Government-supported research projects also play a
crucial role in advancing the ECAs market. For example, the U.S. Environmental
Protection Agency (EPA) funded a project aiming to develop a novel flexible ECA
for electronic interconnect applications requiring high flexibility. Through
this research initiative, scientists and engineers are working towards creating
ECAs that can withstand bending and stretching without compromising their
conductive properties. This innovation opens up new possibilities for electronic
devices that require flexibility, such as wearable technology and bendable
displays. By investing in research and development, governments not only
enhance the capabilities of ECAs but also raise awareness about their potential
uses, thereby driving market growth and fostering technological advancements in
various industries.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Electrically
Conductive Adhesives Market”
In consumer goods industries, electrically conductive
adhesives play a vital role in various electronic products such as computers,
light-emitting diodes (LEDs), and similar devices. These adhesives ensure that
conductivity is maintained when electronic components are connected, ensuring
optimal performance.
The market growth of electrically conductive adhesives
is further accelerated by the increasing production of computers and display
devices. According to the Japan Electronics and Information Technology
Industries Association, the global production of computers was valued at
US$446.3 billion in 2019 and increased to US$467.2 billion in 2020,
representing a significant 5% growth. Similarly, the production of display
devices reached US$127.7 billion in 2020 and is projected to reach US$134.3
billion in 2021, demonstrating a steady 5% increase.
With the consumer goods industry experiencing rapid
development, the demand for electrically conductive adhesives is anticipated to
surge, driving the growth of the Electrically Conductive Adhesives Market even
further.
The Global Electrically Conductive Adhesives Market is
segmented into chemistry, application, regional distribution, and company
Based on its chemistry, the epoxy segment held the
largest share in the market. Electrically conductive epoxy adhesives play a
vital role in connecting various components within vehicle radar and camera
systems. These adhesives, commonly used in the assembly of ADAS sensors, offer
a wide range of applications in electronic assembly, including Radar, LiDAR,
Camera, ADAS data modules, and ECUs. By providing reliable electrical
conduction, these adhesives ensure seamless integration and optimal performance
of these critical automotive systems.
Based on region, Asia Pacific segment is expected to
grow during the forecast period.
China is rapidly emerging as one of the largest
markets for electrically conductive adhesive in the Asia Pacific region. With
its growing consumption and production, China now accounts for slightly more
than half of the total market share. This significant growth can be attributed
to various factors, including the increasing urbanization and connectivity in
the country. Moreover, the utilization of state-of-the-art technology in the
production of safety and infotainment systems has further propelled the demand
for printed circuit boards. As China continues to advance in these areas, the
market for electrically conductive adhesive is expected to witness continuous
expansion in the foreseeable future.
Major companies operating in Global Electrically
Conductive Adhesives Market are:
- 3M Company
- Aremco LLC
- Creative Materials Inc.
- The Dow Chemical Company
- HB Fuller Company
- Henkel AG & Co. KGaA
- HITEK Electronic Materials Ltd
- Master Bond Inc.
- Panacol-Elosol GmbH
- Parker Hannifin Corp.
Download
Free Sample Report
Customers can also request for 10%
free customization on this report
“Growing application of electrically conductive adhesives
in various end user industries are key drivers of the electrically conductive adhesives
market. Growth in competitive landscape and presence of well-established companies
in the market who are dedicated to enhance their productivity of electrically conductive
adhesives with every passing year are anticipated to register an impressive
growth to Global Electrically Conductive Adhesives Market in the forecast
period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Electrically Conductive Adhesives Market By Chemistry
(Epoxy, Silicone, Acrylic, Polyurethane, Others), By Application (Automotive,
Consumer Electronics, Aerospace, Biosciences, Others), By Region, By Competition Forecast & Opportunities,
2018-2028F”, has evaluated the future growth potential of Global Electrically
Conductive Adhesives Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global
Electrically Conductive Adhesives Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com