Conductive Adhesives: Asia Pacific Increasing Global Dominance Infoholic Research
Bangalore, India: With its recently published study “Conductive Adhesive Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022”, Infoholic forecasts that the global market of conductive adhesives will continue to grow owing to the increased exposure of various end-user areas in the underdeveloped and developing countries. Conductive adhesive is a technology which is used for joining two surfaces, where flow of thermal or electrical energy is needed. It is mainly used in electrical joints, such as in PCBs and in transportation, where miniaturization is needed. The increased usage of conductive adhesives in electronics will expand its market in both developed and developing countries. Further, the increasing market penetration in developing countries would also increase the market potential giving boost to market growth expectations. This trend is expected to continue during the forecast period 2016–2022, thus making the conductive adhesive market to grow at a CAGR 5.8% to take it to $20.24 billion by 2022.
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Electrical & electronics is contributing the biggest share of the conductive adhesive market across the regions, especially in Asia pacific where electrical manufacturing and assembling market is at its peak. This trend is expected to continue during the forecast period as well. The electrical & electronics segment is expected to grow at a CAGR of 6.0% during the forecast period 2016–2022.
Silicone-based conductive adhesive has most of the market share in terms of value due to its higher cost and good conductivity feature including both electrical conductivity and thermal conductivity. Acrylic-based conductive adhesive has a large market share in terms of volume due to low price, easy availability, and good conductive properties. As the affordability and demand are increasing, it is expected to further increase the market of conductive adhesive in the coming years.
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“Conductive adhesive is a composition of conductive fillers embedded in adhesive polymer resin. Depending on the material composition and production process, adhesives with differing properties, such as thermal or electrical specifications, are used in specific applications. The growth of miniaturization within electrical & electronics coupled with the growing medical devices market is expected to further increase this market in the coming years, especially in the developing regions where demand for conductive adhesive is already high.” – Pooja Kumari, Research Analyst, Infoholic Research.
Key insights of the report
- The global conductive adhesive market has been analyzed based on the polymer type
- Silicone conductive adhesive
- Epoxy conductive adhesive
- Polyurethane conductive adhesive
- Acrylic conductive adhesive
- The study constitutes a classification based on type
- Thermal conductive adhesive
- Electrical conductive adhesive
- Hybrid conductive adhesive
- The study constitutes a classification of end-users
- Electrical & Electronics
- Packaging Solutions
- Medical Devices
- Others (Solar cells, sensors etc.)
- Industry outlook: market trends and drivers, restraints, and opportunities