Electrically Conductive Adhesives Market Size (2024 - 2029)

The electrically conductive adhesives market is projected to experience growth, driven primarily by their increasing application in power electronics. Despite the negative impact of the COVID-19 pandemic, the market has rebounded to pre-pandemic levels. The demand for single-part and two-part epoxy adhesives in power electronics is expected to further propel market expansion. The Asia-Pacific region is anticipated to lead in market size, with significant consumption noted in countries such as China, Japan, and India.

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Market Size of Electrically Conductive Adhesives Industry

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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

Electrically Conductive Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 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
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Electrically Conductive Adhesives Market Size Summary

The electrically conductive adhesives market is poised for growth, driven primarily by their increasing application in power electronics. These adhesives, which incorporate fillers like silver, copper, aluminum, or iron, offer excellent electrical conductivity and adhesion, making them ideal for circuit assembly applications where traditional soldering methods are less feasible. The epoxy segment, in particular, is gaining traction due to its advantages such as extended shelf life, room temperature storage, and lower cure temperatures, which enhance its applicability in various sectors like touch panels, RFID chip bonding, and LED mounting. The market is recovering from the setbacks caused by the COVID-19 pandemic and is now approaching pre-pandemic levels, with Asia-Pacific expected to lead in consumption, driven by countries like China, Japan, and India.

The Asia-Pacific region is anticipated to dominate the global electrically conductive adhesives market, supported by significant demand and production capabilities in China, India, and Japan. The region's growth is further bolstered by initiatives like China's 'Made in China 2025' policy, which aims to boost self-sufficiency in integrated circuits, thereby expanding the application scope for these adhesives. The market is characterized by fragmentation, with numerous players holding marginal shares, including major companies such as Henkel AG & Co. KGaA, 3M, Dow, Aremco, and HB Fuller Company. The influx of electronics manufacturing companies in ASEAN countries and government support are also contributing to the region's market dominance.

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Electrically Conductive Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Application in Power Electronics

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Chemistry Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Silicone

      3. 2.1.3 Polyurethane

      4. 2.1.4 Acrylic

      5. 2.1.5 Other Chemistry Types

    2. 2.2 Type

      1. 2.2.1 Isotropic

      2. 2.2.2 Anisotropic

    3. 2.3 Application

      1. 2.3.1 Solar Cells

      2. 2.3.2 Automotive Electronics

      3. 2.3.3 LED Lighting

      4. 2.3.4 Printed Circuit Boards

      5. 2.3.5 LCD Displays

      6. 2.3.6 Other Applications

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 US

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 UK

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Electrically Conductive Adhesives Market Size FAQs

The Electrically Conductive Adhesives Market is projected to register a CAGR of less than 6% during the forecast period (2024-2029)

Dow, 3M, Permabond.com , H.B. Fuller Company and Henkel AG & Co. KGaA are the major companies operating in the Electrically Conductive Adhesives Market.

Electrically Conductive Adhesives Market Report Snapshots

Electrically Conductive Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)