July 24, 2024
Electrically Conductive Adhesives Market

Semiconductor And Electronics Segment Is The Largest Segment Driving The Growth Of Electrically Conductive Adhesives Market.

The global Electrically Conductive Adhesives Market is estimated to be valued at US$ 2403.21 Mn or Bn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Electrically conductive adhesives are used to bond electrical and electronic components in devices as they offer electrically conductive joints and barriers to prevent corrosion. They provide reliability and flexibility over traditional mounting methods like soldering.

Market key trends:

One of the key trends in the electrically conductive adhesives market is the increasing penetration in the printed circuit board assemblies. Electrically conductive adhesives are increasingly being used in electronics assemblies as they offer design flexibility over traditional soldering methods. They enable miniaturization of devices and complex multi-layer circuit boards. Their thermo-mechanical properties make them suitable for applications requiring repeated thermal cycles. Growing electronics industry and consumer demand for smaller and more powerful devices is expected to drive the demand for electrically conductive adhesives.

SWOT Analysis

Strength: Electrically conductive adhesives provide high bonding strength and eliminates the need for soldering. They reduce the need for surface mounting pads on printed circuit boards and provide uniform heat dissipation.

Weakness: Electrically conductive adhesives require expensive equipment and materials. They have lower conductivity compared to metallic bonding methods.

Opportunity: Growing demand for miniaturization and compactness of electronic devices offers significant growth opportunities. Increasing development of e-mobility and autonomous vehicles boosts the market growth.

Threats: Availability of substitutes like soldering poses threat. Strict environmental regulations regarding VOC emissions limit the market expansion.

Key Takeaways

The Global Electrically Conductive Adhesives Market Size is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period, due to increasing demand for compact electronic devices in consumer electronics industry. Miniaturization trend and rising penetration of artificial intelligence and IoT devices drive the market growth.

Regional analysis: Asia Pacific dominates the global market and is expected to grow at the fastest rate during the forecast period. Presence of large number of electronics manufacturers in China, Japan, South Korea, and other developing economies contributes to the dominant position of Asia Pacific.

Key players operating in the electrically conductive adhesives market are 3M, Aremco, Creative Materials Inc., Dow, H.B. Fuller Company, Henkel AG & Co. KGaA, HITEK Electronic Materials Ltd, Master Bond Inc., MG Chemicals, Panacol-Elosol GmbH, Parker Hannifin Corp., Permabond LLC, and Bostik. Key players focus on new product launches to strengthen their market position. For instance, in 2020, 3M launched new Electrically Conductive Adhesives for semiconductor packaging applications.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it