E-Mobility Industry Is Fastest Growing Segment Fueling The Growth Of Electrically Conductive Adhesives Market

Global Electrically Conductive Adhesives Market Growth
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.

 

Get More Insights On This Topic: https://www.pressreleasebulletin.com/electrically-conductive-adhesives-market/

Post a Comment

Previous Post Next Post