Asia Pacific Increasing Global Dominance in Conductive Epoxy Market
Bangalore, India: With its recently published study “Conductive Epoxy Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022”, Infoholic forecasts that the global market for conductive epoxy will continue to grow owing to the increasing number of application areas in the underdeveloped and developing countries. Conductive epoxy provides a suitable path for electrical energy and performs better conductivity than conventional soldering. It helps to assemble the electronic parts as well as provide a strong adhesion between the applied surfaces, which makes it suitable for the electronic industry.
It is used majorly in the electrical & electronics segment due to its unique electric and thermal conductive properties. The increased usage of conductive epoxy in high performance adhesives and coating solutions will expand its market in both developed and developing countries. Further, the increasing market penetration in developing countries would also increase the potential for the market to grow. This trend is expected to continue during the forecast period 2016–2022 to further increase the conductive epoxy market growth at a CAGR of 5.8% to reach $7.52 billion by 2022.
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Asia Pacific dominates the conductive epoxy market, which is followed by North America and Europe. The large population and manufacturing base in relatively improving economic conditions are the key parameters that make Asia Pacific the leader in the conductive epoxy market. The dominance of Asia Pacific is expected to continue during the forecast period while underdeveloped countries are expected to witness a higher penetration rate, thereby boosting the conductive epoxy market.
The adhesive application segment contributed the most toward conductive epoxy while overlapping utilization with other adhesives technologies. The next significant market share for conductive epoxy is acquired by conductive coating, owing to its high-performance coating solutions for various transport products. Conductive epoxy composites are relatively a smaller market portion for this, although the adaptation is expected to increase exponentially over the years, generating much higher revenues for conductive epoxy in future.
“Conductive epoxy provides a path for electrical or thermal energy flow within the structure. In adhesives, they provide strong adhesion, reduce the overall weight of the structure, and are easy to install. This makes them useful in the fast-changing structures and enables them to grow rapidly. The growth in electrical along with the automotive market is vital for the growth of this market in the coming years, especially in the developing regions where demand for conductive epoxy is high from export oriented large manufacturing capacities.” – Pooja Kumari, Research Analyst
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Key insights of the report
- The market has been analyzed based on the following application areas:
- The study involves the following end-users:
- Electrical & Electronics
- Solar Systems
- Industry outlook: Market trends, drivers, restraints, and opportunities