Electrically Conductive Adhesives Market

Electrically Conductive Adhesives Market?size is forecast to reach US$4.3billion by 2027, after growing at a CAGR of?8.2%?during 2022-2027.?Electrically conductive adhesives are utilized in various end-use industries such as medical and healthcare, consumer goods, and more because it has filler materials such as silver fillers, nickel graphite, and carbon fillers that offer superior physical strength, high adhesion, and efficient electrical?conductivity.?Also, electrically conductive adhesives are employed in circuit assembly applications and processes that require heat curing or hot soldering.?The Electrically Conductive Adhesives Market is primarily driven by the growth of the automotive industry. Moreover, the growing demand from the aerospace industry for electrically conductive adhesives is expected to further boost the electrically conductive adhesives industry growth during the forecast period.?

Download sample report

Key Takeaways?

• Asia-Pacific?region?dominated the Electrically Conductive Adhesives Market, owing?to the growth in the production of heavy trucks.?For instance, according to the?Organisation?Internationale?des?Constructeurs?d'Automobiles?(OICA),?in 2019?China’s production of heavy trucks?was?2,217,847?units, and in 2021?it was?2,976,459?units, an increase?of 34.2%.?
• New technologies, such as silver glass sphere coated electrically conductive adhesives formulation, are easy to handle due to their creamy consistency and versatility.?New technologies like this are benefiting the market growth.?
• Epoxy polymeric adhesives are outperforming other similar adhesives in terms of shelf life, core temperature, and storage temperature, all?of which are boosting the market growth.?
• Furthermore, due to a growth in demand for advanced adhesives in consumer goods industry, the demand for electrically conductive adhesives is projected to grow at a significant?rate during the forecast period.?