Electrically Conductive Adhesives Market, By Chemistry Type (Epoxy, Silicone, Polyurethane, Acrylic, Other Chemistry Types), By Type (Isotropic, Anisotropic), By Application (Solar Cells, Automotive Electronics, LED Lightning, Printing Circuit Board, LCD Displays, Other Applications), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Electrically conductive adhesives are an alternative to soldering and can be used in a variety of electronic applications that require mechanical bonding of components or a substrate. They are especially useful for applications where the substrate is temperature sensitive, such as touch-panels, LCD displays, coating and bonding RFID chips, and mounting LEDs. They are also used in solar cells, as they have a much lower heat output than solder and are less likely to damage sensitive wafers.
Market Dynamics:
Growing demand from electronic industry is a prime factor driving growth of the global electrically conductive adhesives market. Electrically conductive adhesives are used to make electrical contacts on PCBs and die attach and can be found in many other electronic applications where the substrate or die is temperature sensitive such as touch-panels, LCD displays, bonding RFID chips, and mounting LEDs. Additionally, increasing penetration of electric vehicle is again projected to augment market growth.
On the other hand, negative impact of Covid-19 and fluctuating price of raw materials is expected to hamper the market growth.
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