ELECTRICALLY CONDUCTIVE ADHESIVES MARKET ANALYSIS

Regional Analysis

Global Electrically Conductive Adhesives Market: Regional Insights

Regionally, Asia Pacific is expected to dominate the global electrically conductive adhesives market over the forecast period owing to the strong presence of electronic industry and increasing focus on renewable source of energy. For instance, in October 2020, China brought a 2.2 GW solar farm and was one of the world’s largest farms in terms of generation capacity, which is located in the northwest province of Qinghai. National Energy Administration (NEA) has set the renewables target at 11% for 2021, up from 9.7% in 2020. It also has plans to increase the proportion of solar and wind in the national power mix to 16.5% by 2025.

North America is also expected to witness fastest growth in the market owing to the strong presence of solar power industry in the region. According to the Solar Energy Industries Association (SEIA), the solar industry in the country grew by 43% and installed a total of 19.2 gigawatts (GW) of capacity in 2020 and reached a total of 97.7 GW capacity. The United States solar industry is estimated to install more than 320 GW of solar power capacity in the next ten years.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East &Africa: GCC Countries, Israel,  South Africa, North Africa, and Central Africa and Rest of Middle East