According to the report, the Conductive Adhesive market is expected to grow from USD 203 million in 2019 to USD 343 million by 2026, growing at a CAGR of 7.90% from 2019 to 2026.
Market Overview
The global Conductive Adhesive market is estimated to be USD 203 million in 2019 and is expected to reach USD 343 million by 2026, with a CAGR of 7.90% during the forecast period.
Global Conductive Adhesives is driven by the increase in the use of electronic components in various industries such as aerospace, automotive, bioscience and consumer electronics, among others. However, the high cost of raw materials hampers the market growth. Moreover, stringent environmental regulations for volatile organic compounds (VOC) emissions further affecting the demand of Conductive Adhesives, negatively.
Conductive adhesive (also known as electrically conductive adhesive) is a glue that is primarily used for electronics. The conductive component can be silver, copper or graphite. Other conductive materials are possible but unusual. The sticky component can be a varnish (of one component) or a synthetic resin (of one or two components).
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Competitive Insights
Key players operating in this market include Henkel, Uninwell, Dow Corning, 3M, ThreeBond, Hitachi, TeamChem, Epoxy, Panacol-Elosol, SUMITOMO ELECTRIC, Creative Materials, Rogers Corporation, Shanghai Huayi, Dongguan New Orient, Nanjing XILITE, and Foshan Resink.
Regional Insights
Asia Pacific accounted for the substantial market share of 38.30% of the conductive adhesive market in 2018 and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rapid industrialization of automotive and electronics industry. The developing countries like China and India are the key consumer of conductive adhesive in this region and projected to remain dominant in the upcoming years. North America is the second major consumer of the conductive adhesive with a share of 24.30%, owing to the large manufacturing industries coupled with the high growth of the healthcare industries. Europe and Middle East & Africa are expected to show a high growth rate during the forecast period due to the increasing acceptance and industrialization in the respective regions. Europe occupied a market share of 17.80% in 2018.
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l Isotropic Conductive Adhesive (ICA)
l Anisotropic Conductive Adhesive (ACA)
Application Insights
l Electronic Packaging
l Flat Panel Displays
l Fine Pitch Interconnection
l Other
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Audience
l Conductive Adhesive manufacturers
l Distributors and resellers of Conductive Adhesive
l Conductive Adhesive industry associations
l Product managers, Conductive Adhesive industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Conductive Adhesive
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