Electrically Conductive Adhesives Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Demand for Miniaturized Electronic Devices: The growing popularity of wearable devices, smartphones, IoT devices, and miniaturized electronics elevates the demand for electrically conductive adhesives. Adhesives offer reliable electrical connections in compact form factors. The number of connected devices worldwide is set to reach 50 billion by the year 2030.
- Shift towards Lightweight and Flexible Materials: Electrically conductive adhesives offer lightweight and flexible bonding solutions, replacing heavier and rigid alternatives such as soldering or mechanical fasteners.
- Growing Emphasis on Sustainability: An alignment with the growing consumer and industry preference for environmentally conscious products, increases the adhesives market.
Challenges
- High Cost: Electrically conductive adhesives can be more expensive than traditional bonding methods such as soldering or mechanical fasteners. The cost of raw materials, manufacturing processes, and specialized equipment required for their production can contribute to higher overall costs.
- Limited Conductivity
- Temperature and Environmental Sensitivity
Electrically Conductive Adhesives Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
9.9% |
|
Base Year Market Size (2024) |
USD 13.29 billion |
|
Forecast Year Market Size (2037) |
USD 45.34 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of electrically conductive adhesives is evaluated at USD 15.48 billion.
The electrically conductive adhesives market size was over USD 13.29 billion in 2024 and is projected to reach USD 45.34 billion by 2037, witnessing around 9.9% CAGR during the forecast period i.e., between 2025-2037. Increasing emphasis on sustainability will drive the market growth.
Asia Pacific industry is poised to hold largest revenue share of 45% by 2037, propelled by increasing investments in renewable energy.
The major players in the market are Henkel AG & Co. KGaA, 3M Company, Dow Inc., H.B. Fuller Company, Panacol-Elosol GmbH, Master Bond Inc., Aremco Products Inc., Creative Materials Inc., Parker Hannifin Corporation, LORD Corporation
