Electrically conductive adhesives are made up of polymeric binders which are mixed with electrically conductive fillers like silver, nickel, carbon etc. These adhesives help achieve superior bonding and conductivity. They are widely used in printed circuit boards, displays, solar panels, batteries and other consumer electronic devices where reliable electrical connections are required. The adhesives provide flexibility, resilience to vibration and shock along with corrosion resistance.

The global Electrically Conductive Adhesives Market is estimated to be valued at US$ 2403.21 Mn or Million in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving the growth of electrically conductive adhesives market is their increasing demand from consumer electronics industry. Major players in smartphones, tablets, wearables etc are extensively utilizing these adhesives for applications like bonding touch panels, displays, batteries and sensors. The miniaturization of devices has further fueled the use of conductive adhesives as they provide thinner and more resilient connections compared to soldering. Moreover, the pandemic has significantly boosted sales of consumer electronics globally which in turn is augmenting conductive adhesives consumption.

Porter’s Analysis
Threat of new entrants: New entrants face high capital requirements for R&D and production facilities which limits new competition.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute products. However, differentiated properties of electrically conductive adhesives attract more customers.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitute raw materials.
Threat of new substitutes: New substitute threats are low as properties of electrically conductive adhesives makes it difficult to replace.
Competitive rivalry: Intense competition exist among existing players.

SWOT Analysis
Strength: Electrically conductive adhesives offer superior electrical and thermal conductivity. They can withstand mechanical stresses better than soldering.
Weakness: Complex production process increases costs. Selection of proper adhesive requires technical expertise.
Opportunity: Growing demand from automotive and electronics industry due to miniaturization and use in 5G technologies offers huge market potential.
Threats: Stringent environmental regulations around use of hazardous substances act as a restraint. Economic slowdowns impact demand.

Key Takeaways
The Global Electrically Conductive Adhesives Market Growth is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period, due to increasing demand from automotive and electronics industry. The miniaturization of devices and need for light weight design drives the use of electrically conductive adhesives.

Regional analysis Asia Pacific accounts for the largest share in the electrically conductive adhesives market due to large electronics manufacturing base in countries like China. Rapid growth of automotive and electronics industries pushes the consumption. North America and Europe are other major regions driven by technological advancements.

Key players operating in the electrically conductive adhesives market are 3M, Aremco, Creative Materials Inc., Dow, H.B. Fuller Company, Henkel AG & Co. KGaA, HITEK Electronic Materials Ltd, Master Bond Inc., MG Chemicals, Panacol-Elosol GmbH, Parker Hannifin Corp., Permabond LLC, and Bostik. The players focus on new product development and expansion into emerging regions to gain competitive edge.

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