Conductive Adhesive Market Segmentation, Production Cost, Size, Share, Supply Chain Analysis with Future Forecast 2031
Kenneth Research, in its repository of market research reports, have recently added a report on Conductive Adhesive Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Conductive Adhesive Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Conductive Adhesive Market products.
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Factors such as the growing trade of semiconductors for use in different consumer electronic products, along with the growing trend of automation and IoT, which is raising the need for the deployment of advanced electronic chipsets, therefore the advancement in the trade of semiconductors. According to the statistics by World Semiconductor Trade Statistics (WSTS), semiconductor billings around the globe per 12 months rolling average increased from around USD 250 billion in the year 2010 to around USD 460 billion in the year 2019.
Conductive adhesive is a technology to reduce the size of overall electronic products as it helps in minimizing the space of joints in surface mount devices. Conductive adhesive is a material that allows the flow of electrical or thermal energy to pass through it with a strong adhesion between the two surfaces. Conductive adhesive is made from embedding the conductive fillers, such as nickel and silver, into various polymer resins such as polyurethane (PU), epoxy, and silicone among others. Conductive adhesive also helps in reducing the overall weight of the application.
Conductive adhesive has its major uses in electronic devices such as printed circuit boards and transportation. Apart from this, the material has key usage areas in packaging solutions and healthcare devices. The usage of conductive adhesives in electrical & electronics is largely due to low processing time, easy availability, and suitability of the size.
Globally, the demand for conductive adhesives is growing consistently, especially in the Asia Pacific and North America markets. This growth is supported by lucrative, fast-growing technological industries and the growing manufacturing market in these regions. Currently, Asia Pacific is the global leader in the conductive adhesive market. China and India have built an advantage of having most of the manufacturing and consumption market, thus providing the maximum contribution in the global conductive adhesive market. North America is the second major consumer of the conductive adhesive 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.
Silicone-based conductive adhesive has the highest value contribution in the overall market owing to high prices with better conductivity and fast curing property. On the other hand, acrylic and polyurethane-based conductive adhesive, having advantages of low price with better conductivity, occupies a higher volume share and growth.
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The study of the global conductive adhesive market provides the market size information and market trends along with the factors and parameters impacting it in both short and long-term. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the business decision-makers to make better business plans and informed decisions for the future business. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions.
According to Kenneth Research, the global conductive adhesive market is expected to grow at a CAGR of 5.8% during the forecast period to reach around $20.00 billion by 2022. The electrical & electronics segment is expected to maintain global dominance in the end-user segment, which is driven by China and India. In geographic terms, Asia Pacific is expected to retain its top position in the conductive adhesive market followed by North America. Some of the key players in conductive adhesives are Henkel, BASF S.E., H.B. Fuller, DoW Corning etc.
Report Scope:
• Polymer Type
o Silicone conductive adhesive
o Epoxy conductive adhesive
o Polyurethane conductive adhesive
o Acrylic conductive adhesive
o Other
• Type
o Thermal conductive
o Electrical conductive
o Hybrid conductive
• End-User
o Electrical & Electronics
o Transportations
o Packaging Solutions
o Medical Devices
o Others (Solar cells, Capacitors)
• Regions
o Asia Pacific
o North America
o Europe
o Rest of the World
o Silicone conductive adhesive
o Epoxy conductive adhesive
o Polyurethane conductive adhesive
o Acrylic conductive adhesive
o Other
• Type
o Thermal conductive
o Electrical conductive
o Hybrid conductive
• End-User
o Electrical & Electronics
o Transportations
o Packaging Solutions
o Medical Devices
o Others (Solar cells, Capacitors)
• Regions
o Asia Pacific
o North America
o Europe
o Rest of the World
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