ELECTRICALLY CONDUCTIVE ADHESIVES MARKET ANALYSIS

Market Challenges And Opportunities

Global Electrically Conductive Adhesives Market Drivers:

Growing demand from power electronic application to accelerate market growth

The conductive components of an electrically conductive adhesive are made up of silver or another type of metal that has low resistivity, such as copper, gold, nickel, aluminum and graphite. These fillers are mixed into a resin base, and the electrically conductive compound is called an electrically conductive adhesive (ECA). This make them ideal for power electronic application.

Increasing application in healthcare sector to propel market growth

In the medical industry, electrically conductive adhesives are used to bond a variety of materials that need to be held together and have an ability to pass current between components. These adhesives are a great alternative to solder and can reduce costs, improve performance, and speed up production.

Global Electrically Conductive Adhesives Market Opportunities:

Growing application of electrically conductive adhesives from electric vehicle application is expected to provide significant growth opportunities. Increasing sale of electric vehicle is expected to positively shape the market growth. According to the IEA, the global electric vehicles sales are expected to increase rapidly in the coming years. In 2017, there were a total of around 3.1 million electric vehicles that traveled the roads globally. In 2020, there were a total of around 10 million electric cars were travelling on the roads globally. The electric cars registration has seen a spike by more than 40% year-on-year in 2020, despite the pandemic.

The conductive glue is generally thermally curable, with UV light curable and anisotropic options also available. It can be dispensed in single-component and two-component formulations, with the single-component adhesives requiring mild processing conditions. This makes them a great alternative to lead-based solder for many applications, such as electronic assembly. These properties of electrically conductive adhesives are expected to hold potential market opportunities.

Global Electrically Conductive Adhesives Market Restraints:

Unfavorable conditions arising due to the covid-19 impact

Due to the outbreak of Covid-19 pandemic all economic activities, excluding essential services, came to a halt across the world during the first half of 2020. Electrically conductive adhesives industry have come to halt especially in China, India, Taiwan, Japan, and the U.S. This has negatively impacted the electrically conductive adhesives market.

Stringent environmental regulations

Stringent environmental regulations for volatile organic compounds (VOC) emissions are impacting the electrically conductive adhesives market negatively. However, the emergence of public charging infrastructures in China, Norway and France will create an opportunity for the market in the near future.