The global electrically conductive adhesives market is expected to reach $2.5 billion in 2024, with a compound annual growth rate (CAGR) of 5.1% from 2019 to 2024, according to a report from Research and Markets.
The electrically conductive adhesives market’s future reportedly looks promising, with opportunities in the industries of consumer electronics, automotive, aerospace and defense, and bioscience. Major drivers for this market are growth in the PCBs and semiconductors, as well as replacement of soldering with conductive adhesives due to environmental and health concerns.
Emerging trends include development of new silicon-based electrically conductive adhesives for automotive sensor and development of flexible electrically conductive adhesives for flexible displays and PCBs.
Silver-filled electrically conductive adhesives will remain the largest segment, according to the report. In addition, it is also expected to witness the highest growth over the forecast period due to its beneficial features: silver filled electrically conductive adhesives offer high conductivity and are easily formed and fabricated into the ideal shape. Within this market, electrically conductive adhesives for automotive will remain the largest end use industry and it is also expected to witness the highest growth over the forecast period due to increasing electronic content in automotive.
Asia Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period supported by increasing demand for consumer electronic products in China and India.
For more information, visit www.researchandmarkets.com.