E-Commerce Is Fastest Growing Segment Fueling The Growth Of Electrically Conductive Adhesives Market
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| Electrically Conductive Adhesives Market |
The global Electrically Conductive Adhesives Market is estimated to be valued at US$ 2403.21 Mn 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 Overview:
Electrically conductive adhesives are a type of adhesive material which helps in establishing an electrical connection between the components being bonded. They are used for various applications such as controlling electromagnetic interference, static charge dissipation, and bonding of printed circuit boards.
Market key trends:
One of the key trends in the electrically conductive adhesives market is the increasing demand from the e-commerce sector. With the rising penetration of internet and growth of online shopping, the need for high-speed data transfer and connectivity solutions is also increasing. Electrically conductive adhesives play a vital role in electronic packaging and assembly applications in the e-commerce industry. They are used for applications such as bonding of connectors, cables and wires, and mounting of various electronic components. The boost in the e-commerce industry is thus expected to support the growth of the electrically conductive adhesives market over the forecast period.
Segment Analysis
The global electrically conductive adhesives market is dominated by anisotropic conductive adhesives segment, which accounted for a major market share in 2022. Anisotropic conductive adhesives are ideal for interconnect applications and are widely used in displays, electronic components and printed circuit boards. These adhesives conduct electricity vertically through conductive particles/filaments embedded in an insulating adhesive matrix between components but resist electron flow horizontally. Due to their applicability in various electronic displays and components, anisotropic conductive adhesives segment is expected to continue its dominance over the forecast period.
Key Takeaways
The Global Electrically Conductive Adhesives Market Size was valued at US$ 2403.21 Mn in 2023 and is expected to grow at a CAGR of 5.6% during the forecast period of 2023 to 2030.
Regional analysis shows that Asia Pacific dominates the electrically conductive adhesives market with largest market share in 2023, attributed to the presence of large electronics industry and growing demand for miniaturized and versatile electronic devices in countries like China, Japan, South Korea and others.
Key players operating in the electrically conductive adhesives market are 3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Dow, MG Chemicals, HITEK Electronic Materials Ltd, Panacol-Elosol GmbH, Bostik, Aremco, Creative Materials Inc., Master Bond Inc., and Parker Hannifin Corp. Among them, Henkel is the leading player in terms of market share in 2023, attributed to its wide product portfolio and global presence.
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