Conductive Glue Market, Applications, Key Developers, End Users, Advancements, Industry Growth & Forecast By 2027
Research Reports
Mar 21, 2022
Market Overview
Conductive glue can be defined as a technology to decrease the overall size of electronic products, as it assists in minimizing the joint spaces in surface mount devices. Conductive glue enables the flow of thermal or electrical energy to pass through it with a strong adhesion force between the surfaces. This type of glue or adhesive is generally manufactured from embedding the conductive fillers like silver and nickel into several polymer resins like epoxy, polyurethane (PU), and silicone. It also helps to reduce the overall weight of the application. The global conductive glue market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 6.8%, surpassing a valuation of USD 3.2 billion during the forecast period (2017-2025).
Conductive glue/adhesive is extensively used in electronic devices like transportation and printed circuit boards. It also finds application in healthcare devices as well as packaging solutions. It is largely used in the electrical and electronics sector owing to low processing time, the suitability of the size, and its easy availability. Conductive glue has become a vital part of the electrical, automotive, and electronics industry due to upsurge in several end use product demand. Numerous benefits of conductive glue over other conventional soldering process are further estimated to pump the growth of the market in the review period. Development of efficient technologies like silver nanoparticles, silver nanowires, nickel nanotubes, and carbon nanotubes will contribute to the market’s growth in the foreseeable future. Moreover, the implementation of nanotechnology in order to minimize the content of filler material in the assembly is considered a primary trend influencing the market growth across the globe.
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Competitive Dynamics
The top players operating in the conductive glue market include Master Bond Inc. (US), Henkel AG & Co. KGaA (Germany), 3M Company (US), Panacol-Elosol GmbH (Germany), Mitsui Chemicals (Japan), Dow (US), B. Fuller Company (US), Aremco Products Inc. (US), KYOCERA Corporation (Japan), Indium Corporation (US), MG Chemicals (UK), Evonik Industries (Germany), Creative Materials Inc. (US), Parker Hannifin Corp (US), and Soliani Emc SRL (Italy).
Segmental Analysis
The conductive glue market has been segmented on the basis of resin, product type, and application.
By product type, the market is segmented into anisotropic conductive glue and isotropic conductive glue.
By resin, the market is segregated into acrylic, epoxy, polyurethane, silicone, and others. Of these, the epoxy-based resin is likely to experience significant growth due to the numerous benefits it offers. These adhesives offer quick production throughput owing to less handling of assemblies and shorter processing time. These adhesives offer less curing time, which makes them ideal for cold solder repairs of electronic devices.
By application, the market is segmented into aerospace, automotive, telecom, healthcare, consumer electronics, and others. Of these, the consumer and automotive sectors are likely to gain prominence during the review period. Conductive glue, in the automotive sector, is extensively used for engine control units, anti-lock braking systems, and transmission control units. In the consumer electronics sector, conductive glue is used for flexible connections in several electronic devices.
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Regional Overview
Geographically, the conductive glue market spans across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific is likely to acquire the lion’s share in the global market. The regional market’s growth can be credited to the existence of huge electronic manufacturing and consumer electronic base, especially in economies like China, Japan, and South Korea. Rapid development and industrial growth in the APAC are some of the primary growth stimulants of the market.
Meanwhile, Europe and North America are predicted to experience steady growth in the review period. The market growth in Latin American nations like Mexico, Brazil, and Argentina is estimated to be lucrative due to the recovering economic outlook and rising industrial development in the region. The high growth of the healthcare industries and the presence of large manufacturing industries are likely to impact the market growth in North America. Moreover, the soaring demand for such adhesives from the automotive and electronics industries are estimated to contribute to the market’s growth.
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