What is Global Electrically Conductive Adhesives Market?
The Global Electrically Conductive Adhesives Market is a vast and dynamic sector that has seen significant growth in recent years. This market revolves around the production and distribution of electrically conductive adhesives, which are substances that not only bond materials together but also conduct electricity. These adhesives are typically made from a variety of materials, including epoxy, silicone, and acrylic, and are used in a wide range of industries. The global market for these adhesives was valued at US$ 1849.1 million in 2022, and it is expected to reach US$ 2026.3 million by 2029. This represents a compound annual growth rate (CAGR) of 1.3% during the forecast period from 2023 to 2029.
Epoxy Based Adhesive, Silicone Based Adhesive, Acrylic Based Adhesive, Others in the Global Electrically Conductive Adhesives Market:
The Global Electrically Conductive Adhesives Market is segmented based on the type of adhesive used. Epoxy-based adhesives are a popular choice due to their strong bonding capabilities and resistance to high temperatures. Silicone-based adhesives, on the other hand, are known for their flexibility and resistance to moisture, making them ideal for use in environments where these factors are a concern. Acrylic-based adhesives offer a balance between strength and flexibility, and they are often used in applications that require a strong bond but also need to withstand movement or stress. There are also other types of adhesives used in this market, but these three are the most common.
Automotive Market, Consumer Electronics, Aerospace Market, Biosciences Market, Other in the Global Electrically Conductive Adhesives Market:
The use of electrically conductive adhesives is widespread and spans several industries. In the automotive market, these adhesives are used in the production of various components, including sensors, control units, and other electronic parts. The consumer electronics industry also makes extensive use of these adhesives, particularly in the assembly of devices like smartphones, tablets, and laptops. In the aerospace market, electrically conductive adhesives are used in the production of various aircraft components, including sensors and control systems. The biosciences market also utilizes these adhesives in various applications, including the production of medical devices and laboratory equipment. Other industries that use electrically conductive adhesives include the defense industry, the energy sector, and the manufacturing industry.
Global Electrically Conductive Adhesives Market Outlook:
The outlook for the Global Electrically Conductive Adhesives Market is positive, with steady growth expected in the coming years. The market was valued at US$ 1849.1 million in 2022 and is projected to reach US$ 2026.3 million by 2029, representing a CAGR of 1.3% during the forecast period. This growth is driven by the increasing demand for these adhesives in various industries, including automotive, consumer electronics, aerospace, and biosciences. The market is currently dominated by Henkel, which holds a 13% share in terms of revenue. Other key players in this market include H.B. Fuller, DOW Corning, Panacol-Elosol, and 3M.
| Report Metric | Details |
| Report Name | Electrically Conductive Adhesives Market |
| Accounted market size in 2023 | US$ 1849.1 million |
| Forecasted market size in 2030 | US$ 2026.3 million |
| CAGR | 1.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Henkel, H.B. Fuller, DOW Corning, Panacol-Elosol, 3M, Aremco Products, Mereco Technologies, Holland Shielding, M.G. Chemicals, Masterbond, Kemtron |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
