Electrically Conductive Adhesives MarketSize and Trends

The global electrically conductive adhesives market size was valued at USD 2275.55 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.61% from 2023 to 2030. ECAs are ideal for a range of applications, including high-reliability aerospace and defense, automotive, medical and telecom products. Growing demand from aforementioned sectors is fuelling growth of the electrically conductive adhesive market. Apart from this, they are also used in different applications, such as bonding heat-sensitive components, filling in gaps, and making EMI/RFI shielding. They're also a great choice for making conductive connections in applications where soldering isn't possible, such as when bonding to glass or soft materials which is further anticipated to foster the market growth.

Global Electrically Conductive Adhesives Market Trends:

Silver-filled conductive adhesives are gaining traction in market

Silver-filled conductive adhesives are very popular for hybrid assembly, and can be used to attach a range of devices. These include transistors, diodes, capacitors, and other parts that require ohmic contact to their substrates. The adhesive is generally not used for IC die that don't require ohmic contacts.

Development of new product due to ongoing innovation

Key players are introducing novel ECAs due to continuous research in the field and this is expected to favor the market growth in the near future. For instance, in November 2022, Henkel has developed an electrically conductive adhesive (ECA) that cures at room temperature, improving yield rates and protecting sensitive structures within mobile devices, such as compact camera modules (CCMs).

Figure 2. Global Electrically Conductive Adhesives Market Share (%), By Segment Type