Electrically Conductive Adhesives Market Trends

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