Electrically Conductive Adhesive Market Forecasts to 2030 – Global Analysis By Chemistry Type (Acrylic, Polyurethane, Silicone, Epoxy and Other Chemistry Types), Morphology (Anisotropic Conductive Adhesives, Isotropic Conductive Adhesives and Other Morpho

Electrically Conductive Adhesive Market Forecasts to 2030 – Global Analysis By Chemistry Type (Acrylic, Polyurethane, Silicone, Epoxy and Other Chemistry Types), Morphology (Anisotropic Conductive Adhesives, Isotropic Conductive Adhesives and Other Morphologies), Filler Material, Application and By Geography


According to Stratistics MRC, the Global Electrically Conductive Adhesive Market is accounted for $3.1 billion in 2023 and is expected to reach $6.2 billion by 2030 growing at a CAGR of 10.5% during the forecast period. An adhesive that is electrically conductive is typically employed in electronics applications where electric components need to be retained in place while electrical current can flow between them. Depending on the distance between the components, electrically conductive adhesive may or may not be used. The majority of common adhesives, including cyanoacrylates, acrylic-based adhesives, epoxies, and anaerobic adhesives, act as electrical insulators. Typically, two-phase composites for conductive adhesives consist of an adhesive base matrix and a conductive metal filler. Electronic and electrical components are connected using electrically conductive adhesives. These adhesives are employed in circuit assembly procedures and applications where heat curing and hot soldering can change.

According to the Solar Energy Industries Association (SEIA), the solar industry in the country grew by 43% and installed a total of 19.2 gigawatts (GW) of capacity in 2020 and reached a total of 97.7 GW capacity.

Market Dynamics:

Driver:

An increase in demand for power electronic applications

A low-resistivity metal, such as copper, gold, nickel, aluminum, graphite, or silver, is used to make the conductive parts of an electrically conductive adhesive. The electrically conductive substance is known as an electrically conductive adhesive (ECA), and it is created by combining these fillers with a resin base. They are thus perfect for applications involving power electronics.

Restraint:

Government control of electrically conductive adhesive use

The use of electrically conductive adhesives is heavily controlled by the governments of many nations, which serves as a major market restraint. However, the disposal of electrical and electronic waste results in pollution hazards and environmental issues, which are the main obstacles to the market's growth pace. For instance, the ISO 16525 standard mandates the testing of electrically conductive adhesives used in surface assembly, wiring, and die-attach. Because of strict international trade laws, government interference is a growth inhibitor for the electrically conductive adhesive company.

Opportunity:

Increasing need for electrical device miniaturization

The market for electrically conductive adhesives is anticipated to rise more quickly due to the growing trend of miniaturization in electronic gadgets. To reduce the cost of raw materials and manufacturing, manufacturers are concentrating on making dependable and compact electronic equipment. Electrically conductive adhesives enable manufacturers to create consumer and industrial electronic systems that are quicker, smaller, lighter, thinner, more powerful, and more energy-efficient.

Threat:

Regulatory and environmental issues

Environmental and governmental concerns are prompted by the potential existence of hazardous substances or compounds in some electrically conductive adhesives. However, manufacturers may face difficulties in complying with environmental laws and the requirement to meet safety standards, which may restrict the usage of specific adhesive compositions.

Covid-19 Impact:

The COVID-19 epidemic has forced vehicle manufacturers, who were anticipated to be the main consumers of electrically conductive adhesives, to shut down their production facilities. Global demand has been hampered by it. The COVID-19 epidemic had a significant impact on the supply chains for electrical products, which resulted in significant changes in the market's demand graph for electrically conductive adhesive. The considerable impact that COVID-19 has had on the electronic industry is anticipated to reduce demand for electrically conductive adhesives globally.

The epoxy segment is expected to be the largest during the forecast period

Epoxy segment commanded the largest share throughout the projection period. Epoxy-based electrically conductive adhesives are frequently utilized in a wide range of applications, including mounting LEDs, coating and bonding RFID chips, and mounting touch screens. Additionally, epoxy has a longer shelf life than other varieties, can be stored at ambient temperature, and requires significantly lower cure temperatures, all of which are expanding its use.

The isotropic conductive adhesives segment is expected to have the highest CAGR during the forecast period

Isotropic Conductive Adhesives segment is estimated to witness lucrative growth over the extrapolated period. One of the most popular forms of conductive adhesives for use on a range of substrates is isotropic conductive epoxy adhesives (ICAs). Furthermore, both single-component and two-component formulations are available, and they can be cured at room temperature or at high temperatures.

Region with largest share:

Over the dominance period, Asia-Pacific is anticipated to hold the largest share. The market for electrically conductive adhesives has been expanding as a result of strong demand from nations like China, India, and Japan. Moreover, Asia-Pacific is home to the majority of electrically conductive adhesive manufacturers. Henkel AG & Co. KGaA, 3M, Dow, Aremco, and HB Fuller Company are some of the top producers of electrically conductive adhesives.

Region with highest CAGR:

Asia pacific region is forecasted to have lucrative growth over the projected period. China's ""Made in China 2025"" policy established explicit goals to raise integrated circuit production's self-sufficiency to 40% in 2020 and 70% in 2025. As a result, it is anticipated that in the upcoming years, the range of applications for electrically conductive adhesives in circuit chips will expand. ASEAN nations have noticed an increase in electronics manufacturing firms investing in the area for manufacturing facilities.

Key players in the market

Some of the key players in Electrically Conductive Adhesive market include Permabond LLC, Parker Hannifin Corp, Panacol-Elosol GmbH, MG Chemicals, Master Bond Inc, HITEK Electronic Materials Ltd, Henkel AG & Co. KGaA, HB Fuller Company, Aremco Products Inc, 3M and Creative Materials Inc.

Key Developments:

In August 2023, 3M has agreed to pay more than $5.5 billion to resolve some 300,000 lawsuits claiming it sold defective combat earplugs to the US military—just a little over half of what its litigation liability would gave been otherwise.

Chemistry Types Covered:
• Acrylic
• Polyurethane
• Silicone
• Epoxy
• Other Chemistry Types

Morphologies Covered:
• Anisotropic Conductive Adhesives
• Isotropic Conductive Adhesives
• Other Morphologies

Filler Materials Covered:
• Copper Fillers
• Carbon Fillers
• Silver Fillers
• Gold
• Platinum
• Nickel
• Aluminum
• Other Filler Materials

Applications Covered:
• Biosciences
• Aerospace
• Automotive
• Radio Frequency Identification (RFID)
• Solar Cells
• LCD Displays
• Printing Circuit Board
• Touchscreen Sealing
• Flexible Conductors
• Medical and Healthcare
• Consumer Goods
• Marine
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


Companies Mentioned
Permabond LLC
Parker Hannifin Corp
Panacol-Elosol GmbH
MG Chemicals
Master Bond Inc
HITEK Electronic Materials Ltd
Henkel AG & Co. KGaA
HB Fuller Company
Aremco Products Inc
3M
Creative Materials Inc


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Electrically Conductive Adhesive Market, By Chemistry Type
5.1 Introduction
5.2 Acrylic
5.3 Polyurethane
5.4 Silicone
5.5 Epoxy
5.6 Other Chemistry Types
6 Global Electrically Conductive Adhesive Market, By Morphology
6.1 Introduction
6.2 Anisotropic Conductive Adhesives
6.3 Isotropic Conductive Adhesives
6.4 Other Morphologies
7 Global Electrically Conductive Adhesive Market, By Filler Material
7.1 Introduction
7.2 Copper Fillers
7.3 Carbon Fillers
7.4 Silver Fillers
7.5 Gold
7.6 Platinum
7.7 Nickel
7.8 Aluminum
7.9 Other Filler Materials
8 Global Electrically Conductive Adhesive Market, By Application
8.1 Introduction
8.2 Biosciences
8.3 Aerospace
8.3.1 Commercial
8.3.2 Military
8.4 Automotive
8.4.1 Heavy Commercial Vehicles (HCV)
8.4.2 Light Commercial Vehicles (LCV)
8.4.3 Passenger Car
8.5 Radio Frequency Identification (RFID)
8.6 Solar Cells
8.7 LCD Displays
8.8 Printing Circuit Board
8.9 Touchscreen Sealing
8.10 Flexible Conductors
8.11 Medical and Healthcare
8.11.1 Fingertip Pulse Oximeters
8.11.2 Drug Releasing Pumps
8.11.3 Hearing Aids
8.12 Consumer Goods
8.12.1 Dryers
8.12.2 Laptop
8.12.3 Computer
8.13 Marine
8.13.1 Naval
8.13.2 Passenger
8.13.3 Cargo
8.14 Other Applications
9 Global Electrically Conductive Adhesive Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Permabond LLC
11.2 Parker Hannifin Corp
11.3 Panacol-Elosol GmbH
11.4 MG Chemicals
11.5 Master Bond Inc
11.6 HITEK Electronic Materials Ltd
11.7 Henkel AG & Co. KGaA
11.8 HB Fuller Company
11.9 Aremco Products Inc
11.10 3M
11.11 Creative Materials Inc
List of Tables
Table 1 Global Electrically Conductive Adhesive Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Electrically Conductive Adhesive Market Outlook, By Chemistry Type (2021-2030) ($MN)
Table 3 Global Electrically Conductive Adhesive Market Outlook, By Acrylic (2021-2030) ($MN)
Table 4 Global Electrically Conductive Adhesive Market Outlook, By Polyurethane (2021-2030) ($MN)
Table 5 Global Electrically Conductive Adhesive Market Outlook, By Silicone (2021-2030) ($MN)
Table 6 Global Electrically Conductive Adhesive Market Outlook, By Epoxy (2021-2030) ($MN)
Table 7 Global Electrically Conductive Adhesive Market Outlook, By Other Chemistry Types (2021-2030) ($MN)
Table 8 Global Electrically Conductive Adhesive Market Outlook, By Morphology (2021-2030) ($MN)
Table 9 Global Electrically Conductive Adhesive Market Outlook, By Anisotropic Conductive Adhesives (2021-2030) ($MN)
Table 10 Global Electrically Conductive Adhesive Market Outlook, By Isotropic Conductive Adhesives (2021-2030) ($MN)
Table 11 Global Electrically Conductive Adhesive Market Outlook, By Other Morphologies (2021-2030) ($MN)
Table 12 Global Electrically Conductive Adhesive Market Outlook, By Filler Material (2021-2030) ($MN)
Table 13 Global Electrically Conductive Adhesive Market Outlook, By Copper Fillers (2021-2030) ($MN)
Table 14 Global Electrically Conductive Adhesive Market Outlook, By Carbon Fillers (2021-2030) ($MN)
Table 15 Global Electrically Conductive Adhesive Market Outlook, By Silver Fillers (2021-2030) ($MN)
Table 16 Global Electrically Conductive Adhesive Market Outlook, By Gold (2021-2030) ($MN)
Table 17 Global Electrically Conductive Adhesive Market Outlook, By Platinum (2021-2030) ($MN)
Table 18 Global Electrically Conductive Adhesive Market Outlook, By Nickel (2021-2030) ($MN)
Table 19 Global Electrically Conductive Adhesive Market Outlook, By Aluminum (2021-2030) ($MN)
Table 20 Global Electrically Conductive Adhesive Market Outlook, By Other Filler Materials (2021-2030) ($MN)
Table 21 Global Electrically Conductive Adhesive Market Outlook, By Application (2021-2030) ($MN)
Table 22 Global Electrically Conductive Adhesive Market Outlook, By Biosciences (2021-2030) ($MN)
Table 23 Global Electrically Conductive Adhesive Market Outlook, By Aerospace (2021-2030) ($MN)
Table 24 Global Electrically Conductive Adhesive Market Outlook, By Commercial (2021-2030) ($MN)
Table 25 Global Electrically Conductive Adhesive Market Outlook, By Military (2021-2030) ($MN)
Table 26 Global Electrically Conductive Adhesive Market Outlook, By Automotive (2021-2030) ($MN)
Table 27 Global Electrically Conductive Adhesive Market Outlook, By Heavy Commercial Vehicles (HCV) (2021-2030) ($MN)
Table 28 Global Electrically Conductive Adhesive Market Outlook, By Light Commercial Vehicles (LCV) (2021-2030) ($MN)
Table 29 Global Electrically Conductive Adhesive Market Outlook, By Passenger Car (2021-2030) ($MN)
Table 30 Global Electrically Conductive Adhesive Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
Table 31 Global Electrically Conductive Adhesive Market Outlook, By Solar Cells (2021-2030) ($MN)
Table 32 Global Electrically Conductive Adhesive Market Outlook, By LCD Displays (2021-2030) ($MN)
Table 33 Global Electrically Conductive Adhesive Market Outlook, By Printing Circuit Board (2021-2030) ($MN)
Table 34 Global Electrically Conductive Adhesive Market Outlook, By Touchscreen Sealing (2021-2030) ($MN)
Table 35 Global Electrically Conductive Adhesive Market Outlook, By Flexible Conductors (2021-2030) ($MN)
Table 36 Global Electrically Conductive Adhesive Market Outlook, By Medical and Healthcare (2021-2030) ($MN)
Table 37 Global Electrically Conductive Adhesive Market Outlook, By Fingertip Pulse Oximeters (2021-2030) ($MN)
Table 38 Global Electrically Conductive Adhesive Market Outlook, By Drug Releasing Pumps (2021-2030) ($MN)
Table 39 Global Electrically Conductive Adhesive Market Outlook, By Hearing Aids (2021-2030) ($MN)
Table 40 Global Electrically Conductive Adhesive Market Outlook, By Consumer Goods (2021-2030) ($MN)
Table 41 Global Electrically Conductive Adhesive Market Outlook, By Dryers (2021-2030) ($MN)
Table 42 Global Electrically Conductive Adhesive Market Outlook, By Laptop (2021-2030) ($MN)
Table 43 Global Electrically Conductive Adhesive Market Outlook, By Computer (2021-2030) ($MN)
Table 44 Global Electrically Conductive Adhesive Market Outlook, By Marine (2021-2030) ($MN)
Table 45 Global Electrically Conductive Adhesive Market Outlook, By Naval (2021-2030) ($MN)
Table 46 Global Electrically Conductive Adhesive Market Outlook, By Passenger (2021-2030) ($MN)
Table 47 Global Electrically Conductive Adhesive Market Outlook, By Cargo (2021-2030) ($MN)
Table 48 Global Electrically Conductive Adhesive Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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