According to the latest market survey by Future Market Insights, the global Electrically Conductive Adhesives market is relishing a market valuation of US$ 2,500.4 Million in 2022, and all are to expand with a CAGR of 8.5% during the 2022 to 2032 period. The market is anticipated to top a valuation of US$ 5,653.4 Million by the end of the forecast period.
| Market Size 2022 | US$ 2,500.4 Million |
| Market Size 2032 | US$ 5,653.4 Million |
| Value CAGR (2022 to 2032) | 8.5% |
| Collective Value Share: Top 3 Countries (2022E) | 55 - 60% |
The materials used to join electrical and electronic wires and circuits without hampering the conductivity of the circuit are referred to as electrically conductive adhesives. Inducing conductivity in a polymeric matrix and dispersing metallic particles are further uses of electrically conductive adhesives. Acetates, epoxies, silicones, and polyimides are a few of the types that are often used as electrically conductive adhesives. Polyurethane is another. They are extensively utilized in electronic touch panels, coatings, RFID chips, and light-emitting diode mounting (LEDs).
They display a number of beneficial traits, including low curing temperatures, compatibility with non-solderable materials, superior adhesion, improved fatigue resistance, and increased moisture resistance. Additionally, they have the ability to prevent the electromagnetic radiation that different modern gadgets release. These adhesives are therefore widely employed in a variety of sectors, including aircraft, medicine, the automobile industry, and electronics.
Over the historical assessment period, various emerging economies such as the Association of Southeast Asian Nations, India, Brazil, Qatar, Saudi Arabia, and various other has invested a fair share of the annual budget for infrastructure development in order to promote tourism. This investment value is anticipated to increase and gain rapid traction in the near future. With the increase in infrastructural development activities, demand for electrically conductive adhesives has witnessed rapid growth over some recent years.
Demand for electrically conductive adhesives has increased with an average growth of 5.6% over the historical assessment period of 2017 to 2021 despite of various challenges faced by the market in 2020.
On the other hand, with consistent growth in infrastructural investments and rapid adoption of electric vehicles are anticipated to promote the sales of printed circuit boards and eventually electrically conductive adhesives over the forecast period. From 2022 to 2032 the market is anticipated to witness an average growth rate of 8.5%.
One of the key factors promoting the market's outlook favorably is the booming electronics industry across the globe. For better adherence and increased durability, electrically conductive adhesives are frequently utilized across different verticals of the electrical and electronic industry.
Additionally, the need for single-portion and two-portion epoxy adhesives in power electronics is growing, which is boosting the market's expansion. Circuit assembly and modifying heat curing or hot soldering both require adhesives. They also assist in reducing the need for extra bolts and fasteners. In keeping with this, the introduction of downsized electronic gadgets with light, thin, and compact components is also helping the industry expand. Other elements that promote expansion include the creation of paste-based electrically conductive adhesives. Additionally, product developers are creating pre-mixed frozen syringes for easy application of adhesive on screens and other tiny electronic components. It is projected that further factors, such as the implementation of strict safety standards and significant research and development (R&D) efforts, will propel the market toward expansion.
A variety of sensors and micro-electronic circuits have been released on the market utilizing MEMS technology as a result of the shrinking of electronic circuits. Due to their size, these circuits and sensors cannot be mounted using standard methods or adhesives. In order to get around the issue, electrically conductive adhesives are employed as adhesives.
It is commonly expected that the car sector would be an early user. Anti-lock brake systems, satellite navigation, and airbag deployment, among other things, are significant uses of electronic circuits in the automotive sector. Due to a greater emphasis being placed on car security, electronic gadgets are now being used more often in both conventional and electric vehicles.
The growing concern for the safety and security of drivers and passengers is a significant factor in the growth of the automotive security sector. The World Health Organization estimates that 50 million people are injured and 1.55 million people die in road accidents each year (WHO). The use of electronic circuits and sensors in the automobile sector has significantly increased vehicle safety. More importantly, they have played a significant role in the growth of the sector in question.
During the forthcoming evaluation period of 2022 to 2032, a consistent rise in the use of electronic devices and circuits throughout the automotive sector is boosting sales of electrically conductive adhesives.
Epoxy-based electrically conductive adhesives are often utilized in a broad range of applications, including mounting LEDs, coating and attaching RFID chips, and mounting touch screens. These adhesives attach to many conductive polymers where solder cannot, providing electrical continuity comparable to traditional soldering without the heat stress.
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. As a result, given the aforementioned considerations, it is anticipated that the epoxy segment would rule the market over the projected period.
Due to the presence of large-scale electronics and automotive production capacity in nations like China, Japan, and South Korea, East Asia is predicted to dominate the world in electrically conductive consumption. China is the largest user of electrically conductive adhesives both globally and in the East Asian region.
More than one-third of the electrically conductive adhesives used in East Asia are expected to be consumed by China. The world's greatest population is in China. China is considered a manufacturing hub, especially due to its immense production capacities for electrical and electronic devices, along with automobiles. Since both industries are major end-users of electrically conductive adhesives, demand is anticipated to witness remarkable growth over the forecast period.
Japan is listed among the leading consumer electronics manufacturers in the world. According to a study, Japan's electronic industry was pegged at US$ 8.4 Billion in 2017 and the market has been expanded to attain a valuation of US$ 10.3 Billion in 2020. Production of consumer electronics across Japan is anticipated to grow at robust growth rates. Hence, placing the country among the leading consumers of electrically conductive adhesives across the globe.
Japanese consumer electronics product manufacturers such as Sony Corporation, Panasonic Corporation, Hitachi Corporation, and various others are witnessing robust growth opportunities and creating a huge demand for electrically conductive adhesives across the country.
The market for electrically conductive adhesives is fragmented worldwide, with the majority of competitors holding only a small market share. Henkel, 3M, Dow, and HB Fuller are a few examples of leading players in the market. Key Players are actively engaged in Research and Development for the advancement of their current product portfolio in order to create long-lasting solutions that can comply with the exacting standards of end-use industries, particularly consumer electronics.
Key Development and success strategies adopted by key players listed here have been tracked by Future Market Insights in its latest market study.
| Attribute | Details |
| Growth Rate | CAGR of 8.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Tons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Covered |
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| Key Companies Profiled |
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| Customization & Pricing | Available upon Request |
In 2022, the value of the global Electrically Conductive Adhesives market reached over US$ 2,500.4 Million
During the forecast period, the global Electrically Conductive Adhesives market is estimated to expand at a CAGR of 8.5% from 2022 to 2032.
The global Electrically Conductive Adhesives market is projected to reach US$ 5,653.4 Million by the end of 2032.
The key players operating in the Electrically Conductive Adhesives market are 3M, Aremco, Creative Materials Inc., Dow Inc., HB Fuller, Henkel AG & Co. KGaA, HITEK Electronic Materials Ltd, Master Bond Inc., MG Chemicals, Panacol-Elosol GmbH, Parker Hannifin Corp., Permabond, and few others.
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Electrically Conductive Adhesives Market
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