Electrically conductive adhesives are used in applications that require electrical conductivity and thermal management. They provide a robust and reliable electrical connection in printed circuit boards (PCB), display panels, and electronics assembly. The adhesives help reduce thermal stress and increase the yield rate in circuit board assemblies.

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 Dynamics:

The growth of the electrically conductive adhesives market is attributed to the increasing demand from the PCB and electronics assembly industry. PCBs are extensively used in electronic products such as smartphones, laptops, LED lighting, and automotive electronics. The increasing production of electronic devices is expected to drive the demand for PCBs over the forecast period. Furthermore, electrically conductive adhesives offer benefits over traditional soldering methods as they reduce thermal stress on components during bonding. They also help in miniaturization of circuit boards. The rising need for miniaturization of electronic devices will further propel the demand for conductive adhesives.

SWOT Analysis

Strengths:
Electrically conductive adhesives provide strong bonding capabilities between substrates. They offer environmental friendliness as they do not emit any harmful volatile organic compounds during curing. Electrically conductive adhesives also provide shielding against electromagnetic interferences.
Weaknesses:
Electrically conductive adhesives have high initial costs of application equipment as specialized tools are required for deposition. They also have complex processing requirements which increases production costs.
Opportunities:
Risingdemand from the electronics industry for applications such as printed circuit boards and displays is driving the market growth. Increasing use of electrically conductive adhesives in solar photovoltaic modules and devices is another opportunity.
Threats:
Fluctuations in raw material prices can increase the overall costs. Strict environmental regulations regarding the use of hazardous materials pose a major threat.

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 the electronics industry. Rapid technological advancements in electronic products that require highly conductive adhesives for electro-magnetic interference shielding and thermal management has fueled market growth.

Regional analysis - Asia Pacific dominated the global market in 2023 and is expected to continue leading over the forecast period. This can be attributed to presence of major electronic hubs like China, Taiwan, South Korea and Japan in the region. Significant growth of the electronics sector along with expansion of domestic manufacturers in countries like India and Indonesia provides momentum to regional growth.

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. Key players focus on new product launches, expansions and mergers & acquisitions to strengthen their market positions.

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