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| Global Electrically Conductive Adhesives Market Growth |
Electrically conductive adhesivesare used in circuits and connections that
require high conductivity and low contact resistance. They help in bonding
electrical and electronic components and connections in devices like
smartphones, wearables, automotive parts etc.
The
global Electrically Conductive Adhesives Market is estimated to be valued at US$ 2403.21 Mn or Million 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 key trends:
The growing e-mobility industry is one of the major trends boosting the
conductive adhesives market. Conductive adhesives help in bonding electronic
components in electric vehicles by providing solid mechanical bonds with very
low electrical resistance. They are increasingly being used for battery
connections, wiring harnessing and DC/DC converters in electric vehicles.
Lightweighting has also increased the use of conductive adhesives for vehicle
components. Moreover, conductive adhesives enable miniaturization of electronic
and electrical systems. This is fueling their demand across various industries
like consumer electronics, automotive, telecommunications etc.
Segment Analysis
The global electrically conductive adhesives market is segmented by form into
paste, film and Others. The paste segment dominates the market and is expected
to maintain its dominance over the forecast period. Paste form of electrically
conductive adhesives provides high bonding strength and good thermal and
electrical conductivity. It is easy to dispense and handle, and finds wide
applications in various end-use industries.
Key Takeaways
The Global
Electrically Conductive Adhesives Market Growth is expected to witness
high growth, exhibiting CAGR of 5.6% over
the forecast period, due to increasing demand from electronics and automotive
industries.
Regional analysis:-
Asia Pacific dominates the global market and is expected to continue its
dominance over the forecast period. Rapid industrialization and growth of
consumer electronics industry in countries such as China and India drives the
growth of the market in the region.
Key players:-
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. 3M is
the global leader with product offerings including 3M Scotch-Weld Epoxy Adhesives
for bonding electronics applications.
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