According to the latest report by IMARC Group, titled Electrically Conductive Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. the study provides a detailed analysis of the industry, including the global electrically conductive adhesives market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Electrically Conductive Adhesives Market?
The global electrically conductive adhesives market size reached US$ 2,436.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,246.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.03% during 2023-2028.
What is Electrically Conductive Adhesives?
Electrically conductive adhesives (ECAs) are materials used to join electronic and electrical wires and circuits. Some commonly used ECAs include silicones, epoxies, polyurethane, acetates and polyimides. They have low curing temperature, excellent fatigue and moisture resistance, superior adhesion and compatibility with non-solderable materials. Consequently, ECAs find extensive applications across the electronics, automotive, aerospace and medical industries.
What are the growth prospects and trends in the electrically conductive adhesives industry?
The global electrically conductive adhesives market is primarily driven by the expanding electronics sector and escalating demand for epoxy and silicone-based adhesives in power electronics. Additionally, increasing ECA applications in touch panels, coating and bonding radio frequency identification (RFID) chips, and mounting light-emitting diodes (LEDs) have augmented the product demand.
Furthermore, leading manufacturers are developing paste-based ECAs and premixed frozen syringes for convenient adhesive application on screens and small electronic components, thereby bolstering the market growth. Other factors, including the rising trend of miniaturized electronic devices, implementation of stringent safety regulations and ongoing research and development (RD) activities, are also anticipated to propel the market growth.
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Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Company
- Aremco Products Inc.
- Creative Materials Inc.
- Dow Inc.
- B. Fuller Company
- Henkel AG Co
- KGaA
- Kemtron Ltd.
- Master Bond Inc.
- MG Chemicals
- Panacol-Elosol GmbH (Dr. Hnle AG)
- Parker-Hannifin Corporation
- Permabond LLC.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Isotropic Conductive Adhesives
- Anisotropic Conductive Adhesives
Breakup by Chemistry:
- Epoxy
- Silicone
- Acrylic
- Polyurethane
- Others
Breakup by Filler Material:
- Silver Fillers
- Carbon Fillers
- Copper Fillers
- Others
Breakup by Application:
- Automotive
- Consumer Electronics
- Aerospace
- Biosciences
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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