Global Electrically Conductive Adhesives Market Is Expanding Owing To Increasing Demand For Miniaturization In Electronic Devices And Growing Need For Silver Filler

 

Electrically Conductive Adhesives Market

Overview:

Electrically conductive adhesives perform two primary functions: they bond surfaces together and, when filled with metal, they provide an electrical interconnection between bonded surfaces. This dual functionality is accomplished by dispersing micron-sized conductive particles in a polymer adhesive matrix. Commonly used conductive fillers include carbon black, graphite flakes and silver in an epoxy, silicone or polyimide adhesive. Conductive adhesives can be cured at moderate temperatures or even room temperature and they do not introduce the thermal stresses that occur during the soldering process. This is especially desirable in applications involving temperature-sensitive components such as LCD displays and touch panels that may warp or otherwise degrade if exposed to high temperatures.

Market Dynamics:

Rising business expansion by key players is estimated to augment growth of the global electrically conductive adhesives market during the forecast period. For instance, 3M built a new plant for enhancing the capacity of Pergrip Run NF, in May 2020. This new plant will represent their significant investment improving the availability and security of supply for Pergrip Run NF. Moreover, increasing government regulation regarding is anticipated to restrain growth of the global electrically conductive adhesives market during the forecast period.

Impact of COVID-19:

The outbreak of COVID-19 had an adverse impact on the global economy. It also affected the growth of the electrically conductive adhesives market. The market faced huge challenges like decrease in demand and production of electrically conductive adhesives. There were many other challenges like lack of skilled labor, unavailability of raw materials and strict government restrictions. All these factors affected the growth of the global electrically conductive adhesives market in a negative manner. However, in the post-pandemic era the market is estimated to witness robust growth as all these restrictions have been eased.

Key Takeaways:

The global electrically conductive adhesives market is expected to witness robust growth, exhibiting CAGR of 5.61 %over the forecast period, due to rising product launches. For instance, a UV-curable epoxy resin Vitralit 1605, was launched by Ulbrich Group in May 2020. This resin has the properties of thermal initiators.

 

North America is anticipated to witness robust growth in the global electrically conductive adhesives market during the forecast period, due to growing industrial development in automotive and electronic industry.

 

Key players active in the global electrically conductive adhesives market are HB Fuller Company, Henkel AG & Co. KGaA, Illinois Tool Works Inc., Permabond.com, Master Bond Inc., 3M, DAP Global Inc., SOLVAY, Owens Corning, H.B. Fuller, Saint-Gobain, Henkel AG & Co. KgaA, GAF, Sika AG, DAIKIN, The Chemours Company, Dow, and GAF.