Electrically Conductive Adhesives Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Japan, China, India, Brazil, Mexico, South Africa, Saudi Arabia), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3528
Electrically Conductive Adhesives Market size may experience significant growth in the forecasted time frame owing to utilization in consumer electronics, aerospace and defense, automotive, and bioscience industries. Rising use of PCB (printed circuit board) and semiconductors in these industries and replacing soldering with electrically conductive adhesives would propel the market growth.
Electrically conductive adhesives comprise of conducting component including silver, nickel, copper or graphite and an adhesive component including varnish, synthetic raisin or silicone. They are preferred over conventional soldering owing to finer pitch printing, lower temperature processing, eco friendliness and higher flexibility. Silver filled electrically conductive adhesives may witness significant growth owing to properties including high conductivity and easy fabrication into desired shape. The product also provides alternatives for grounding solutions and could replace fasteners and screws.
Electrically conductive adhesives market types include isotropic and anisotropic which help to complete a circuit while maintaining conductivity. They are used in PV solar panels, touch panel screens and other electronic devices. Isotropic conductive adhesives are used for bonding electrically conductive SMDs and chip contacting owing to its electrical conduciveness in all directions which may propel industry growth.
Rise in demand for anisotropic conductive adhesives in various applications including LCD connections, flexible PCBs and bonding antenna structures will further propel electrically conductive adhesives market demand. The consumer electric market may surpass USD 2500 billion dollars by 2020 and likely to have a positive impact on market growth owing to its utility in consumer electric industry.
LED lighting device continue to experience increase demand for output and global LED market is anticipated to reach USD 70 billion by 2023. Electrically conductive adhesives are used extensively in LED industry owing to their capacity serve as reliable electrical contacts by absorbing mismatches which is likely to favor industry growth.
Electrically conductive adhesive finds application in aerospace and military sectors owing to its shielding properties which helps from electromagnetic interference (EMI) and radio-frequency interference (RFI). Epoxy based adhesives are specifically used for this purpose owing to their shorter processing time, shielding properties and short curing time. Rising geopolitical tensions has led to growing military equipment demand. These factors are likely to stimulate electrically conductive adhesives market growth for its utility in aerospace and defense industry.
PCB (printed circuit boards) act as a vital part for electronic devices controlling performing numerous functions including lighting, infotainment systems, security and fuel monitoring automotive industry. Electrically conducted adhesives featured with electrically conductive media, barrier against environmental contaminants, durable dielectric insulation and stress relieving shock and vibration finds frequent use in automotive PCBs. The automotive PCB market is projected to surpass USD 10 billion by 2025 and thereby surging product demand.
Growing demand for mobile chipset by mobile and tablet manufacturers is driven by technological advancements made to sustain consumer demand for advanced smartphones. Shifting consumer preferences for smartphone with brand image towards technical specification will fuel product demand. The global 5G chipset market would surpass 20 billion by 2026 owing to rapid technical development which would result in growing demand for electrically conductive adhesive as they find extensive application in the mobile chipset industry.
Incorrect and improper disposal of electronic and electrical components leads to pollution hazard giving rise to environmental problems. Strict government regulations and anti-dumping laws may limit electronics and electrical market growth which could hamper electrically conductive adhesives market.
European market led by France, Germany, UK and Russia electrically conductive adhesives market may witness steady growth during forecasted period owing to growing aerospace and defense sector. Russian defense spending was over USD 60 billion in 2018. Growing influence towards investing in defense activities supported by rising adoption of advance technology will have positive influence on industry growth.
North American market driven by Mexico Canada and US electrically conductive adhesives market may experience steady growth in the projected time frame. Growing demand for broadband services and advent of new smart phones would stimulate the mobile industry. The mobile chipset industry would experience significant gains to supply growing demand which will boost regional demand for electrically conductive adhesives in mobile chipset industry.
Asia Pacific market led by Japan, India and China electrically conductive adhesives market are likely to experience significant gains for their application in automotive PCBs. Changing lifestyle with rise in disposable income generates demand for comfortable and luxury vehicles which may boost the overall demand for automotive PCB in this region, thereby driving the industry demand.
Global electrically conductive adhesives market is consolidated with key players which includes Master Bond Inc, Henkel AG & Co. KGaA, Panacol-Elosol GmbH, H.B. Fuller Company, 3M Company, Aremco Products, Inc and. Dow Corning.
By Product, 2014-2025 (Tons) (USD Million)
- Polyurethane based adhesive
- Epoxy based adhesive
- Acrylate based adhesives
- Silicon based adhesives
By End-Use, 2014-2025 (Tons) (USD Million)
- Consumer Electronic
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Master Bond Inc
- Henkel AG & Co. KGaA
- Panacol-Elosol GmbH
- H.B. Fuller Company
- 3M Company
- Aremco Products, Inc
- Dow Corning.
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