Electrically Conductive Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Electrically Conductive Adhesives Market Analysis
The electrically conductive adhesives market is expected to record a CAGR of less than 6% globally during the forecast period 2022-2027.
The COVID-19 pandemic had a negative impact on the market. However, the market is now estimated to have reached pre-pandemic levels.
The major factor driving the market studied is increasing application in power electronics.
Increasing applications of single-part and two-part epoxy adhesives in power electronics are expected to drive market growth during the forecast period.
Asia-Pacific is expected to dominate the global market with the most significant consumption from China, Japan, and India.
Electrically Conductive Adhesives Market Trends
This section covers the major market trends shaping the Electrically Conductive Adhesives Market according to our research experts:
Epoxy Segment to Dominate the Market
Electrically conductive adhesives are adhesives that have filler components like pure silver, copper, aluminum, or iron, which provide excellent electrical conductivity, superior adhesion, and good physical strength.
These adhesives are used in circuit assembly applications and processes where heat curing or hot soldering can be altered.
The epoxy segment of electrically conductive adhesives is widely used in various applications like touch panels, coating, and bonding RFID chips, mounting LEDs, and others.
These adhesives provide electrical continuity similar to traditional soldering without the heat stress, and they adhere to many conductive polymers where adhesion with solder is not possible.
Epoxy offers the advantages of extended shelf life, room temperature storage, and much lower cure temperatures, which is increasing its application compared to other types.
Revenue from the consumer electronics market is likely to reach USD 1,056,693 million in 2022. The market is expected to observe a CAGR of 1.82% from 2022-2026.
Hence, based on the aforementioned factors, the epoxy segment is expected to dominate the market over the forecast period.
Asia-Pacific Region to Dominate the 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.
ASEAN countries have also been observing the influx of electronics producing companies investing in the region for production facilities.
The aforementioned factors, coupled with government support, are expected to result in the Asia-Pacific region dominating the global market.
Electrically Conductive Adhesives Industry Overview
The global electrically conductive adhesives market is fragmented, with most players accounting for a marginal share in the market. Some of the major companies include Henkel AG & Co. KGaA, 3M, Dow, Permabond.com, and HB Fuller Company, among others.
Electrically Conductive Adhesives Market Leaders
-
Dow
-
3M
-
Permabond.com
-
H.B. Fuller Company
-
Henkel AG & Co. KGaA
*Disclaimer: Major Players sorted in no particular order
Electrically Conductive Adhesives Market News
- The recent developments pertaining to the major players in the market are covered in the complete study.
Electrically Conductive Adhesives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Application in Power Electronics
- 4.1.2 Other Drivers
-
4.2 Restraints
- 4.2.1 Other Restraints
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Chemistry Type
- 5.1.1 Epoxy
- 5.1.2 Silicone
- 5.1.3 Polyurethane
- 5.1.4 Acrylic
- 5.1.5 Other Chemistry Types
-
5.2 Type
- 5.2.1 Isotropic
- 5.2.2 Anisotropic
-
5.3 Application
- 5.3.1 Solar Cells
- 5.3.2 Automotive Electronics
- 5.3.3 LED Lighting
- 5.3.4 Printed Circuit Boards
- 5.3.5 LCD Displays
- 5.3.6 Other Applications
-
5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 US
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 UK
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Aremco
- 6.4.3 Creative Materials Inc.
- 6.4.4 Dow
- 6.4.5 HB Fuller Company
- 6.4.6 Henkel AG & Co. KGaA
- 6.4.7 HITEK Electronic Materials Ltd
- 6.4.8 Master Bond Inc.
- 6.4.9 MG Chemicals
- 6.4.10 Panacol-Elosol GmbH
- 6.4.11 Parker Hannifin Corp.
- 6.4.12 Permabond
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityElectrically Conductive Adhesives Industry Segmentation
Electrically conductive adhesive products are primarily used for electronics applications where components need to be held in place, and electrical currents can be passed between them. The electrically conductive adhesives market is segmented by chemistry type, type, and application. The chemistry type segmentation includes epoxy, silicone, polyurethane, acrylic, and other chemical types, the by type segmentation includes isotropic and anisotropic, and by application, the market segmentation includes solar cells, automotive electronics, LED lighting, printed circuit board, LCD displays, and other applications. The report also covers the size and forecasts for the electrically conductive adhesives market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
| Chemistry Type | Epoxy | |
| Silicone | ||
| Polyurethane | ||
| Acrylic | ||
| Other Chemistry Types | ||
| Type | Isotropic | |
| Anisotropic | ||
| Application | Solar Cells | |
| Automotive Electronics | ||
| LED Lighting | ||
| Printed Circuit Boards | ||
| LCD Displays | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | US |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| UK | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Electrically Conductive Adhesives Market Research FAQs
What is the current Electrically Conductive Adhesives Market size?
The Electrically Conductive Adhesives Market is projected to register a CAGR of less than 6% during the forecast period (2024-2029)
Who are the key players in Electrically Conductive Adhesives Market?
Dow, 3M, Permabond.com , H.B. Fuller Company and Henkel AG & Co. KGaA are the major companies operating in the Electrically Conductive Adhesives Market.
Which is the fastest growing region in Electrically Conductive Adhesives Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Electrically Conductive Adhesives Market?
In 2024, the Asia-Pacific accounts for the largest market share in Electrically Conductive Adhesives Market.
What years does this Electrically Conductive Adhesives Market cover?
The report covers the Electrically Conductive Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electrically Conductive Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Electrically Conductive Adhesives Industry Report
Statistics for the 2024 Electrically Conductive Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Electrically Conductive Adhesives analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
