Electrically Conductive Adhesive Market
Electrically Conductive Adhesive Market Forecasts to 2030 - Global Analysis By Chemistry Type (Acrylic, Polyurethane, Silicone, Epoxy and Other Chemistry Types), Morphology (Anisotropic Conductive Adhesives, Isotropic Conductive Adhesives and Other Morphologies), Filler Material, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $3.1 BN |
|
Projected Year Value (2030) |
US $6.2 BN |
|
CAGR (2023 - 2030) |
10.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Electrically Conductive Adhesive Market is accounted for $3.1 billion in 2023 and is expected to reach $6.2 billion by 2030 growing at a CAGR of 10.5% during the forecast period. An adhesive that is electrically conductive is typically employed in electronics applications where electric components need to be retained in place while electrical current can flow between them. Depending on the distance between the components, electrically conductive adhesive may or may not be used. The majority of common adhesives, including cyanoacrylates, acrylic-based adhesives, epoxies, and anaerobic adhesives, act as electrical insulators. Typically, two-phase composites for conductive adhesives consist of an adhesive base matrix and a conductive metal filler. Electronic and electrical components are connected using electrically conductive adhesives. These adhesives are employed in circuit assembly procedures and applications where heat curing and hot soldering can change.
According to the Solar Energy Industries Association (SEIA), the solar industry in the country grew by 43% and installed a total of 19.2 gigawatts (GW) of capacity in 2020 and reached a total of 97.7 GW capacity.
Market Dynamics:
Driver:
An increase in demand for power electronic applications
A low-resistivity metal, such as copper, gold, nickel, aluminum, graphite, or silver, is used to make the conductive parts of an electrically conductive adhesive. The electrically conductive substance is known as an electrically conductive adhesive (ECA), and it is created by combining these fillers with a resin base. They are thus perfect for applications involving power electronics.
Restraint:
Government control of electrically conductive adhesive use
The use of electrically conductive adhesives is heavily controlled by the governments of many nations, which serves as a major market restraint. However, the disposal of electrical and electronic waste results in pollution hazards and environmental issues, which are the main obstacles to the market's growth pace. For instance, the ISO 16525 standard mandates the testing of electrically conductive adhesives used in surface assembly, wiring, and die-attach. Because of strict international trade laws, government interference is a growth inhibitor for the electrically conductive adhesive company.
Opportunity:
Increasing need for electrical device miniaturization
The market for electrically conductive adhesives is anticipated to rise more quickly due to the growing trend of miniaturization in electronic gadgets. To reduce the cost of raw materials and manufacturing, manufacturers are concentrating on making dependable and compact electronic equipment. Electrically conductive adhesives enable manufacturers to create consumer and industrial electronic systems that are quicker, smaller, lighter, thinner, more powerful, and more energy-efficient.
Threat:
Regulatory and environmental issues
Environmental and governmental concerns are prompted by the potential existence of hazardous substances or compounds in some electrically conductive adhesives. However, manufacturers may face difficulties in complying with environmental laws and the requirement to meet safety standards, which may restrict the usage of specific adhesive compositions.
Covid-19 Impact:
The COVID-19 epidemic has forced vehicle manufacturers, who were anticipated to be the main consumers of electrically conductive adhesives, to shut down their production facilities. Global demand has been hampered by it. The COVID-19 epidemic had a significant impact on the supply chains for electrical products, which resulted in significant changes in the market's demand graph for electrically conductive adhesive. The considerable impact that COVID-19 has had on the electronic industry is anticipated to reduce demand for electrically conductive adhesives globally.
The epoxy segment is expected to be the largest during the forecast period
Epoxy segment commanded the largest share throughout the projection period. Epoxy-based electrically conductive adhesives are frequently utilized in a wide range of applications, including mounting LEDs, coating and bonding RFID chips, and mounting touch screens. Additionally, epoxy has a longer shelf life than other varieties, can be stored at ambient temperature, and requires significantly lower cure temperatures, all of which are expanding its use.
The isotropic conductive adhesives segment is expected to have the highest CAGR during the forecast period
Isotropic Conductive Adhesives segment is estimated to witness lucrative growth over the extrapolated period. One of the most popular forms of conductive adhesives for use on a range of substrates is isotropic conductive epoxy adhesives (ICAs). Furthermore, both single-component and two-component formulations are available, and they can be cured at room temperature or at high temperatures.
Region with largest share:
Over the dominance period, Asia-Pacific is anticipated to hold the largest share. The market for electrically conductive adhesives has been expanding as a result of strong demand from nations like China, India, and Japan. Moreover, Asia-Pacific is home to the majority of electrically conductive adhesive manufacturers. Henkel AG & Co. KGaA, 3M, Dow, Aremco, and HB Fuller Company are some of the top producers of electrically conductive adhesives.
Region with highest CAGR:
Asia pacific region is forecasted to have lucrative growth over the projected period. China's "Made in China 2025" policy established explicit goals to raise integrated circuit production's self-sufficiency to 40% in 2020 and 70% in 2025. As a result, it is anticipated that in the upcoming years, the range of applications for electrically conductive adhesives in circuit chips will expand. ASEAN nations have noticed an increase in electronics manufacturing firms investing in the area for manufacturing facilities.
Key players in the market
Some of the key players in Electrically Conductive Adhesive market include Permabond LLC, Parker Hannifin Corp, Panacol-Elosol GmbH, MG Chemicals, Master Bond Inc, HITEK Electronic Materials Ltd, Henkel AG & Co. KGaA, HB Fuller Company, Aremco Products Inc, 3M and Creative Materials Inc.
Key Developments:
In August 2023, 3M has agreed to pay more than $5.5 billion to resolve some 300,000 lawsuits claiming it sold defective combat earplugs to the US military—just a little over half of what its litigation liability would gave been otherwise.
Chemistry Types Covered:
• Acrylic
• Polyurethane
• Silicone
• Epoxy
• Other Chemistry Types
Morphologies Covered:
• Anisotropic Conductive Adhesives
• Isotropic Conductive Adhesives
• Other Morphologies
Filler Materials Covered:
• Copper Fillers
• Carbon Fillers
• Silver Fillers
• Gold
• Platinum
• Nickel
• Aluminum
• Other Filler Materials
Applications Covered:
• Biosciences
• Aerospace
• Automotive
• Radio Frequency Identification (RFID)
• Solar Cells
• LCD Displays
• Printing Circuit Board
• Touchscreen Sealing
• Flexible Conductors
• Medical and Healthcare
• Consumer Goods
• Marine
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Electrically Conductive Adhesive Market, By Chemistry Type
5.1 Introduction
5.2 Acrylic
5.3 Polyurethane
5.4 Silicone
5.5 Epoxy
5.6 Other Chemistry Types
6 Global Electrically Conductive Adhesive Market, By Morphology
6.1 Introduction
6.2 Anisotropic Conductive Adhesives
6.3 Isotropic Conductive Adhesives
6.4 Other Morphologies
7 Global Electrically Conductive Adhesive Market, By Filler Material
7.1 Introduction
7.2 Copper Fillers
7.3 Carbon Fillers
7.4 Silver Fillers
7.5 Gold
7.6 Platinum
7.7 Nickel
7.8 Aluminum
7.9 Other Filler Materials
8 Global Electrically Conductive Adhesive Market, By Application
8.1 Introduction
8.2 Biosciences
8.3 Aerospace
8.3.1 Commercial
8.3.2 Military
8.4 Automotive
8.4.1 Heavy Commercial Vehicles (HCV)
8.4.2 Light Commercial Vehicles (LCV)
8.4.3 Passenger Car
8.5 Radio Frequency Identification (RFID)
8.6 Solar Cells
8.7 LCD Displays
8.8 Printing Circuit Board
8.9 Touchscreen Sealing
8.10 Flexible Conductors
8.11 Medical and Healthcare
8.11.1 Fingertip Pulse Oximeters
8.11.2 Drug Releasing Pumps
8.11.3 Hearing Aids
8.12 Consumer Goods
8.12.1 Dryers
8.12.2 Laptop
8.12.3 Computer
8.13 Marine
8.13.1 Naval
8.13.2 Passenger
8.13.3 Cargo
8.14 Other Applications
9 Global Electrically Conductive Adhesive Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Permabond LLC
11.2 Parker Hannifin Corp
11.3 Panacol-Elosol GmbH
11.4 MG Chemicals
11.5 Master Bond Inc
11.6 HITEK Electronic Materials Ltd
11.7 Henkel AG & Co. KGaA
11.8 HB Fuller Company
11.9 Aremco Products Inc
11.10 3M
11.11 Creative Materials Inc
List of Tables
1 Global Electrically Conductive Adhesive Market Outlook, By Region (2021-2030) ($MN)
2 Global Electrically Conductive Adhesive Market Outlook, By Chemistry Type (2021-2030) ($MN)
3 Global Electrically Conductive Adhesive Market Outlook, By Acrylic (2021-2030) ($MN)
4 Global Electrically Conductive Adhesive Market Outlook, By Polyurethane (2021-2030) ($MN)
5 Global Electrically Conductive Adhesive Market Outlook, By Silicone (2021-2030) ($MN)
6 Global Electrically Conductive Adhesive Market Outlook, By Epoxy (2021-2030) ($MN)
7 Global Electrically Conductive Adhesive Market Outlook, By Other Chemistry Types (2021-2030) ($MN)
8 Global Electrically Conductive Adhesive Market Outlook, By Morphology (2021-2030) ($MN)
9 Global Electrically Conductive Adhesive Market Outlook, By Anisotropic Conductive Adhesives (2021-2030) ($MN)
10 Global Electrically Conductive Adhesive Market Outlook, By Isotropic Conductive Adhesives (2021-2030) ($MN)
11 Global Electrically Conductive Adhesive Market Outlook, By Other Morphologies (2021-2030) ($MN)
12 Global Electrically Conductive Adhesive Market Outlook, By Filler Material (2021-2030) ($MN)
13 Global Electrically Conductive Adhesive Market Outlook, By Copper Fillers (2021-2030) ($MN)
14 Global Electrically Conductive Adhesive Market Outlook, By Carbon Fillers (2021-2030) ($MN)
15 Global Electrically Conductive Adhesive Market Outlook, By Silver Fillers (2021-2030) ($MN)
16 Global Electrically Conductive Adhesive Market Outlook, By Gold (2021-2030) ($MN)
17 Global Electrically Conductive Adhesive Market Outlook, By Platinum (2021-2030) ($MN)
18 Global Electrically Conductive Adhesive Market Outlook, By Nickel (2021-2030) ($MN)
19 Global Electrically Conductive Adhesive Market Outlook, By Aluminum (2021-2030) ($MN)
20 Global Electrically Conductive Adhesive Market Outlook, By Other Filler Materials (2021-2030) ($MN)
21 Global Electrically Conductive Adhesive Market Outlook, By Application (2021-2030) ($MN)
22 Global Electrically Conductive Adhesive Market Outlook, By Biosciences (2021-2030) ($MN)
23 Global Electrically Conductive Adhesive Market Outlook, By Aerospace (2021-2030) ($MN)
24 Global Electrically Conductive Adhesive Market Outlook, By Commercial (2021-2030) ($MN)
25 Global Electrically Conductive Adhesive Market Outlook, By Military (2021-2030) ($MN)
26 Global Electrically Conductive Adhesive Market Outlook, By Automotive (2021-2030) ($MN)
27 Global Electrically Conductive Adhesive Market Outlook, By Heavy Commercial Vehicles (HCV) (2021-2030) ($MN)
28 Global Electrically Conductive Adhesive Market Outlook, By Light Commercial Vehicles (LCV) (2021-2030) ($MN)
29 Global Electrically Conductive Adhesive Market Outlook, By Passenger Car (2021-2030) ($MN)
30 Global Electrically Conductive Adhesive Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
31 Global Electrically Conductive Adhesive Market Outlook, By Solar Cells (2021-2030) ($MN)
32 Global Electrically Conductive Adhesive Market Outlook, By LCD Displays (2021-2030) ($MN)
33 Global Electrically Conductive Adhesive Market Outlook, By Printing Circuit Board (2021-2030) ($MN)
34 Global Electrically Conductive Adhesive Market Outlook, By Touchscreen Sealing (2021-2030) ($MN)
35 Global Electrically Conductive Adhesive Market Outlook, By Flexible Conductors (2021-2030) ($MN)
36 Global Electrically Conductive Adhesive Market Outlook, By Medical and Healthcare (2021-2030) ($MN)
37 Global Electrically Conductive Adhesive Market Outlook, By Fingertip Pulse Oximeters (2021-2030) ($MN)
38 Global Electrically Conductive Adhesive Market Outlook, By Drug Releasing Pumps (2021-2030) ($MN)
39 Global Electrically Conductive Adhesive Market Outlook, By Hearing Aids (2021-2030) ($MN)
40 Global Electrically Conductive Adhesive Market Outlook, By Consumer Goods (2021-2030) ($MN)
41 Global Electrically Conductive Adhesive Market Outlook, By Dryers (2021-2030) ($MN)
42 Global Electrically Conductive Adhesive Market Outlook, By Laptop (2021-2030) ($MN)
43 Global Electrically Conductive Adhesive Market Outlook, By Computer (2021-2030) ($MN)
44 Global Electrically Conductive Adhesive Market Outlook, By Marine (2021-2030) ($MN)
45 Global Electrically Conductive Adhesive Market Outlook, By Naval (2021-2030) ($MN)
46 Global Electrically Conductive Adhesive Market Outlook, By Passenger (2021-2030) ($MN)
47 Global Electrically Conductive Adhesive Market Outlook, By Cargo (2021-2030) ($MN)
48 Global Electrically Conductive Adhesive Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
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The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
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Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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