Market Research Report
Electrically Conductive Adhesives - Global Market Outlook (2018-2027)
|Electrically Conductive Adhesives - Global Market Outlook (2018-2027)|
Published: May 1, 2020
Stratistics Market Research Consulting
Content info: 138 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Electrically Conductive Adhesives market is accounted for $2.07 billion in 2018 and is expected to reach $4.79 billion by 2027 growing at a CAGR of 9.8% during the forecast period. Some of the key factors propelling the market growth include rising demand from the electronics industry, increase in the demand for advanced adhesive materials, and rise in demand for anisotropic conductive adhesives in various applications. However, strict government regulations and anti-dumping laws is restraining the market growth.
Electrically conductive adhesives are adhesives used in joining electrical or electronic components in order to complete a circuit and to maintain conductivity within the circuit. Generally, these adhesives contain filler material that enhances the characteristic properties of adhesives such as resistance to moisture, low shrinkage properties and strong bonds, among others. Electronically conductive adhesives need to be excellent adhesives in order to increase electromagnetic interference shielding. They are used for providing thermal stability, connecting electrical junctions and adding stability to the electrical component.
By chemistry, the epoxy based adhesives segment has been witnessing significant demand in recent years due to the several advantages that these adhesives offer. Epoxy based adhesives provide quicker production throughput due to the shorter processing time and less handling of assemblies required. These adhesives have a short curing time, which makes them suitable for quick cold solder repairs of electronic devices, providing excellent electromagnetic interference (EMI) / radio-frequency interference (RFI) shielding and filling in seams between metal plates.
On the basis of geography, The Asia-Pacific region is anticipated to have considerable market growth during the forecast period, due to the emergence of this region as a lucrative market for smartphones. 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.
Some of the key players in electrically conductive adhesives market include Coatex Industries, Ellsworth Adhesives, Henkel, H.B. Fuller, DOW Corning, Panacol-Elosol, 3M, Aremco Products, Mereco Technologies, Holland Shielding, M.G. Chemicals, Masterbond, Permatex and Kemtron Ltd., Bacon Adhesives, Stockwell Elastomerics Inc., United Resin Corp, Applied Technologies Inc, PCR Technologies Inc., Permabond Engineering Adhesives, and Nagase America Corporation.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.