Global conductive
adhesive market is anticipated to witness an exponential
growth in the forecast period. The factors that propel the growth of the market
include rising demand from the electronics industry, technological advancements
and significant usage areas in healthcare devices and packaging solutions, and
increasing miniaturization of electronic gadgets and goods in numerous
electronics products. On the other hand, there are factors that may hamper the
growth of the market including stringent implementation of rules and regulations
concerning the disposal of these adhesives.
Conductive adhesive market is anticipated to
expand at a significant CAGR of 6.75% in the upcoming period as the scope,
product types, and its applications are increasing across the globe. The market
could be explored by type, product type, filler material, application, end user
and geography. Market could be explored by type as Anisotropic Conductive
Adhesive (ACA) and Isotropic Conductive Adhesive (ICA).
Based on product type, the market could span
acrylic, polyurethane, epoxy, silicone, and others. The “Silicone” segment led
the conductive adhesive market in 2016 and will continue to lead in the
forecast period. The key factors that could be attributed to the growth of
market include fast curing property and better conductivity. Conversely,
polyurethane-based and acrylic conductive adhesive have advantages of low price
with better conductivity.
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The market could be explored based on
filler material as gold, carbon, silver, nickel, and others (aluminum, copper,
and iron). The key applications that could be explored in the conductive
adhesive market include flat panel displays, fine pitch interconnection, and
electronic packaging. Based on end user, conductive adhesives market could be
segmented into the electrical industry, transportation, electronics, and
others. The transportation sector is may be further segmented into aerospace,
automobiles and marine.
Asia-Pacific accounted for the major
share of the conductive adhesive market in 2017 and will continue to lead in
the forecast period. The factors that could be attributed to the growth include
fast industrial growth such as electronics and automotive industry and
occurrence of foremost electronics companies in the region. In addition, the
presence of foremost producers and consumers in China followed by Taiwan and
Korea are anticipated to dominate the conductive adhesives market over the
forecast period. Asia-Pacific is followed by Europe and the Middle East &
Africa.
Some of the key players that fuel the
growth of the conductive adhesive market comprise H.B. Fuller, MG Chemicals,
Master Bond Inc., Dow Corning Corporation., Panacol-Elosol GmbH, Soliani EMC
s.r.l., Parker Chomerics, Huntsman Corporation, Soliani EMC s.r.l., The Solvay
Group of companies, Evonik Industries AG, Henkel AG & Co. KGaA, Kemtron
Ltd., Creative Materials Incorporated, Nordson Corporation, LORD Corporation,
Polytec PT GmbH, DELO Industrial Adhesives, LLC, and Bacon Adhesives among
others. The leading companies are taking up partnerships, mergers and
acquisitions, and joint ventures in order to boost the inorganic growth of the
industry.
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