Conductive Glue Market Analysis Indicates Notable CAGR growth by 2028| Business Strategy & Forecast
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.
Despite
such benefits, the market is likely to face certain challenges, which is likely
to restrict its growth in the long run. Limited conductive of aluminum filler
material, high cost of silver filler material, and difficulties faced in
dispense of iron filler material are some of the major challenges likely to
deter the market growth during the forecast period
Global
Conductive Glue Market: Segmental Analysis
The conductive
glue market analysis 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.
Access
Report Details @ https://www.marketresearchfuture.com/reports/conductive-glue-market-1791
Regional
Frontiers
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.
Competitive
Dashboard
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).
NOTE: Our Team of Researchers are Studying Covid19 and its Impact
on Various Industry Verticals and wherever required we will be considering Covid19
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