Global Electrically Conductive Adhesives Market Overview

Global Electrically Conductive Adhesives Market Size Was Valued at USD 2.64 Billion In 2023 And Is Projected to Reach USD 10.20 Billion By 2032, Growing at A CAGR of 16.21% From 2024 To 2032.

Electrically conductive adhesives are generally employed in electronics applications where components must be held in place during electrical current can flow between them. Some common general such as anaerobic, cyanoacrylates, epoxies, and acrylic-based adhesives play as an electrical insulator depending on the space between components. Many supplies are good thermal conductivity to help in the thermal management of electronic components and heat sinks by directing heat away from sensitive components. As long as, there is no glue line control in some circumstances primarily when utilizing an anaerobic or cyanoacrylate adhesive and parts are effectively touching with adhesives filling in microscopic crevices, many electrical charges can still be changed due to there is adequate metal to metal contact.

Electronic components that are temperature-fragile cannot be cemented. This type of application necessitates the application of an electrically conductive adhesive alternative for solder. By the electrically conductive adhesive on a PCB with components mounted on both sides makes the assembly process easier and removes the possibility of components sliding off the underside when parts are soldered on the top. The usage of electrically conductive adhesive for a full electrical assembly removes the need for solder re-flow.

COVID-19 Impact on Electrically Conductive Adhesives Market

COVID-19 pandemic has affected the global economy by some factors such as by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets. Covid-19 pandemic influence on the global market size, Electronic Adhesives industry share, consumer behavior, recovery, and forecast analysis.  Massive demand for Conductive Adhesive market noticed from huge producing economies, which are rapidly affected by the spread of coronavirus.

Market Dynamics And Factor

Drivers

Increasing Application In Power Electronics

Electrically conductive adhesives find a broad range of applications in various power electronics assembly. These adhesives are applied for electrical interconnection and are also appropriate for structural and thermal bonding applications, providing enhanced reliability in electronic systems. Electrically conductive adhesives are processes where heat curing or hot soldering can be altered, as they offer superior adhesion, excellent electrical conductivity, and good physical strength at a high temperature. During the manufacturing of precision electronic products, often, the heat generated by soldering causes problems and solder reflow temperatures can hinder temperature-sensitive componentry usage. Therefore, to overcome this challenge, manufacturers generally prefer electrically conductive adhesives and electrically conductive pastes as an alternative, as they do not need to be heated to the same high temperatures as solder. Owing to the growing demand from the electronics industry for high-efficient and compact semiconductors, the demand for semiconductors is expected to propel during the forecast period, owing to the growing demand for compact devices.

Restraints:

Due to fluctuating raw material costs, the global electrically conductive adhesive market's growth is being suppressed. This is the key factor that hindering the market growth over the forecast period.

Opportunities:

Growth in the application of electronic components in the aerospace, automotive, and various other sectors will further propel several new opportunities for the electrically conductive adhesive market to grow in the upcoming years. In addition, technological innovations in electric vehicles and proactive government initiatives are anticipated to create lucrative opportunities for the growth of the market.

Market Future Trends

Increasing Usage From Electric Vehicles

Electrically conductive adhesives are extensively used in the manufacturing of electric vehicles. They are used as an assembly and circuit adhesives in the PCB level electronics of the electric vehicle components. Electrically conductive adhesives additionally provide protection and thermal conductivity to the components. For electric vehicles, electrically conductive epoxy adhesives are utilized for electromagnetic interference (EMI) shielding applications. EMI shielding is required in several usages within an electric vehicle, including data transmission systems and shielding between components and functions. With the increase in the sales of electric vehicles and growing concerns about global warming and CO2 emissions, electric vehicles are likely to become a norm rather than a novelty shortly. The resilience in the sales of EVs is fuelled by the supportive CO2 regulatory frameworks, incentives for safeguarding in the European countries, and the fall in the costs of batteries, which is reducing the vehicle prices. Hence, the various usages and the importance of electrically conductive adhesives in EVs, fuelled by robust growth in the sales of electric vehicles, are likely to provide a significant growth opportunity for the electrically conductive adhesives market.

Market Segmentation

Segmentation Insights

Based on Chemistry Type, the epoxy segment accounted for the largest share, with about 33.43% of the total revenue of the global electrically conductive adhesives market, in 2020. However, the acrylic segment is expected to witness the fastest CAGR over the forecast period. Epoxy-based electrically conductive adhesives (ECAs) are lead-free solder alternatives for attaching components and printed circuit board (PCB) interconnections. Electrically conductive silicone adhesives are a thixotropic, non-corrosive silicone paste filled with electrically conductive particles such as graphite, nickel-graphite, silver-plated glass, silver-plated nickel, silver-plated aluminum, silver-plated copper, or even pure silver. Owing to varying applications and the increasing demand for silicone-based ECAs from various end-user sectors, such as aerospace, telecom, consume, and others. The demand for the electrically conductive adhesives market is anticipated to grow in the forecast period.

Based on Type, the anisotropic segment accounted for the largest share, with about 82.22% of the total revenue of the global electrically conductive adhesives market, in 2020. Moreover, the anisotropic segment is expected to witness the fastest CAGR over the forecast period. Isotropic electrically conductive adhesives are composites of adhesive resins with conductive fillers, such as silver flakes. Therefore, considering the increasing applications of Isotropic ECAs from various end-user sectors, the demand for the market studied is likely to rise in the coming years.

Based on Application, the printed circuit board segment accounted for the largest share, with about 34.82% of the total revenue of the global electrically conductive adhesives market, in 2020. However, the automotive electronics segment is expected to witness the fastest CAGR over the forecast period.

Regional Insights

By geography, Asia-Pacific accounted for the largest share, with about 50.33% of the total revenue of the global electrically conductive adhesives market, in 2020. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR over the forecast period.

Germany is one of Europe's largest producers and consumers of electric vehicles. Even though general car sales in the country have been in decline, electric vehicle registrations have shown tremendous growth over the past few years. The German economy has been forecasted to take a high hit due to the ongoing COVID-19 impact.

Key Industry Developments

• In May 2023, Henkel announced the opening of its Application Center in Santa Clara, CA, designed to support product development for the company's high-tech customers in the Silicon Valley region. Equipped as a state-of-the-art facility, the Application Center will help expedite proof-of-concept initiatives for electronics advances.
• In January 2023, Parker Hannifin expanded its portfolio of products for electric vehicle manufacturers to include new Thermally Conductive (TC) adhesives and one-component (1K) low-density gap fillers to support their leading product offering of thermal management encapsulants, adhesives, and gap fillers.

Players Covered in 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
• Panadol-Elosol GmbH
• Parker Hannifin Corp.
• Permabond LLC
• Bostik and others major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Chemistry Type
 3.2 By Type
 3.3 By Application
 3.4 By Filler Material

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Electrically Conductive Adhesives Market by Chemistry Type
 4.1 Electrically Conductive Adhesives Market Overview Snapshot and Growth Engine
 4.2 Electrically Conductive Adhesives Market Overview
 4.3 Epoxy
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Epoxy: Grographic Segmentation
 4.4 Silicone
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Silicone: Grographic Segmentation
 4.5 Polyurethane
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Polyurethane: Grographic Segmentation
 4.6 Acrylic
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Acrylic: Grographic Segmentation
 4.7 Other Chemistry Types
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Other Chemistry Types: Grographic Segmentation

Chapter 5: Electrically Conductive Adhesives Market by Type
 5.1 Electrically Conductive Adhesives Market Overview Snapshot and Growth Engine
 5.2 Electrically Conductive Adhesives Market Overview
 5.3 Isotropic
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Isotropic: Grographic Segmentation
 5.4 Anisotropic
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Anisotropic: Grographic Segmentation

Chapter 6: Electrically Conductive Adhesives Market by Application
 6.1 Electrically Conductive Adhesives Market Overview Snapshot and Growth Engine
 6.2 Electrically Conductive Adhesives Market Overview
 6.3 Solar Cells
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Solar Cells: Grographic Segmentation
 6.4 Automotive Electronics
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Automotive Electronics: Grographic Segmentation
 6.5 Led Lighting
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Led Lighting: Grographic Segmentation
 6.6 Printed Circuit Board
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Printed Circuit Board: Grographic Segmentation
 6.7 Lcd Displays
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Lcd Displays: Grographic Segmentation
 6.8 Other Applications
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size (2017-2032F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Other Applications: Grographic Segmentation

Chapter 7: Electrically Conductive Adhesives Market by Filler Material
 7.1 Electrically Conductive Adhesives Market Overview Snapshot and Growth Engine
 7.2 Electrically Conductive Adhesives Market Overview
 7.3 Silver Fillers
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Silver Fillers: Grographic Segmentation
 7.4 Carbon Fillers
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Carbon Fillers: Grographic Segmentation
 7.5 Copper Fillers
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Copper Fillers: Grographic Segmentation
 7.6 Others
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Others: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Electrically Conductive Adhesives Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Electrically Conductive Adhesives Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Electrically Conductive Adhesives Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 3M
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 AREMCO
 8.4 CREATIVE MATERIALS INC.
 8.5 DOW
 8.6 H.B. FULLER COMPANY
 8.7 HENKEL AG & CO. KGAA
 8.8 HITEK ELECTRONIC
 8.9 MATERIALS LTD
 8.10 MASTER BOND INC.
 8.11 MG CHEMICALS
 8.12 PANADOL-ELOSOL GMBH
 8.13 PARKER HANNIFIN CORP.
 8.14 PERMABOND LLC
 8.15 BOSTIK

Chapter 9: Global Electrically Conductive Adhesives Market Analysis, Insights and Forecast, 2017-2032
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Chemistry Type
  9.2.1 Epoxy
  9.2.2 Silicone
  9.2.3 Polyurethane
  9.2.4 Acrylic
  9.2.5 Other Chemistry Types
 9.3 Historic and Forecasted Market Size By Type
  9.3.1 Isotropic
  9.3.2 Anisotropic
 9.4 Historic and Forecasted Market Size By Application
  9.4.1 Solar Cells
  9.4.2 Automotive Electronics
  9.4.3 Led Lighting
  9.4.4 Printed Circuit Board
  9.4.5 Lcd Displays
  9.4.6 Other Applications
 9.5 Historic and Forecasted Market Size By Filler Material
  9.5.1 Silver Fillers
  9.5.2 Carbon Fillers
  9.5.3 Copper Fillers
  9.5.4 Others

Chapter 10: North America Electrically Conductive Adhesives Market Analysis, Insights and Forecast, 2017-2032
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Chemistry Type
  10.4.1 Epoxy
  10.4.2 Silicone
  10.4.3 Polyurethane
  10.4.4 Acrylic
  10.4.5 Other Chemistry Types
 10.5 Historic and Forecasted Market Size By Type
  10.5.1 Isotropic
  10.5.2 Anisotropic
 10.6 Historic and Forecasted Market Size By Application
  10.6.1 Solar Cells
  10.6.2 Automotive Electronics
  10.6.3 Led Lighting
  10.6.4 Printed Circuit Board
  10.6.5 Lcd Displays
  10.6.6 Other Applications
 10.7 Historic and Forecasted Market Size By Filler Material
  10.7.1 Silver Fillers
  10.7.2 Carbon Fillers
  10.7.3 Copper Fillers
  10.7.4 Others
 10.8 Historic and Forecast Market Size by Country
  10.8.1 U.S.
  10.8.2 Canada
  10.8.3 Mexico

Chapter 11: Europe Electrically Conductive Adhesives Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Chemistry Type
  11.4.1 Epoxy
  11.4.2 Silicone
  11.4.3 Polyurethane
  11.4.4 Acrylic
  11.4.5 Other Chemistry Types
 11.5 Historic and Forecasted Market Size By Type
  11.5.1 Isotropic
  11.5.2 Anisotropic
 11.6 Historic and Forecasted Market Size By Application
  11.6.1 Solar Cells
  11.6.2 Automotive Electronics
  11.6.3 Led Lighting
  11.6.4 Printed Circuit Board
  11.6.5 Lcd Displays
  11.6.6 Other Applications
 11.7 Historic and Forecasted Market Size By Filler Material
  11.7.1 Silver Fillers
  11.7.2 Carbon Fillers
  11.7.3 Copper Fillers
  11.7.4 Others
 11.8 Historic and Forecast Market Size by Country
  11.8.1 Germany
  11.8.2 U.K.
  11.8.3 France
  11.8.4 Italy
  11.8.5 Russia
  11.8.6 Spain

Chapter 12: Asia-Pacific Electrically Conductive Adhesives Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Chemistry Type
  12.4.1 Epoxy
  12.4.2 Silicone
  12.4.3 Polyurethane
  12.4.4 Acrylic
  12.4.5 Other Chemistry Types
 12.5 Historic and Forecasted Market Size By Type
  12.5.1 Isotropic
  12.5.2 Anisotropic
 12.6 Historic and Forecasted Market Size By Application
  12.6.1 Solar Cells
  12.6.2 Automotive Electronics
  12.6.3 Led Lighting
  12.6.4 Printed Circuit Board
  12.6.5 Lcd Displays
  12.6.6 Other Applications
 12.7 Historic and Forecasted Market Size By Filler Material
  12.7.1 Silver Fillers
  12.7.2 Carbon Fillers
  12.7.3 Copper Fillers
  12.7.4 Others
 12.8 Historic and Forecast Market Size by Country
  12.8.1 China
  12.8.2 India
  12.8.3 Japan
  12.8.4 Southeast Asia

Chapter 13: South America Electrically Conductive Adhesives Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Chemistry Type
  13.4.1 Epoxy
  13.4.2 Silicone
  13.4.3 Polyurethane
  13.4.4 Acrylic
  13.4.5 Other Chemistry Types
 13.5 Historic and Forecasted Market Size By Type
  13.5.1 Isotropic
  13.5.2 Anisotropic
 13.6 Historic and Forecasted Market Size By Application
  13.6.1 Solar Cells
  13.6.2 Automotive Electronics
  13.6.3 Led Lighting
  13.6.4 Printed Circuit Board
  13.6.5 Lcd Displays
  13.6.6 Other Applications
 13.7 Historic and Forecasted Market Size By Filler Material
  13.7.1 Silver Fillers
  13.7.2 Carbon Fillers
  13.7.3 Copper Fillers
  13.7.4 Others
 13.8 Historic and Forecast Market Size by Country
  13.8.1 Brazil
  13.8.2 Argentina

Chapter 14: Middle East & Africa Electrically Conductive Adhesives Market Analysis, Insights and Forecast, 2017-2032
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Chemistry Type
  14.4.1 Epoxy
  14.4.2 Silicone
  14.4.3 Polyurethane
  14.4.4 Acrylic
  14.4.5 Other Chemistry Types
 14.5 Historic and Forecasted Market Size By Type
  14.5.1 Isotropic
  14.5.2 Anisotropic
 14.6 Historic and Forecasted Market Size By Application
  14.6.1 Solar Cells
  14.6.2 Automotive Electronics
  14.6.3 Led Lighting
  14.6.4 Printed Circuit Board
  14.6.5 Lcd Displays
  14.6.6 Other Applications
 14.7 Historic and Forecasted Market Size By Filler Material
  14.7.1 Silver Fillers
  14.7.2 Carbon Fillers
  14.7.3 Copper Fillers
  14.7.4 Others
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Saudi Arabia
  14.8.2 South Africa

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion