High Demand From Electronics and Packaging Sector to Propel Global Conductive Adhesive Market
The global conductive adhesive market is anticipated to witness an exponential growth until 2023, due to 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, factors that may hamper market growth include stringent implementation of rules and regulations concerning the disposal of these adhesives.
The conductive adhesive market is anticipated to expand at a significant compound annual growth rate (CAGR) of 6.75% as the scope, product types, and its applications are increasing across the globe. The silicone segment led the conductive adhesive market in 2016 and is expected to continue to lead in the forecast period. Key factors include fast curing properties and better conductivity. Conversely, polyurethane-based and acrylic conductive adhesive have advantages of low price with better conductivity.
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.
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