PUNE, India, November 15, 2016 /PRNewswire/ --
The report "Electrically Conductive Adhesives Market by Type, Chemistry (Epoxy, Silicone, Acrylic, Polyurethane), Application (Automotive, Aerospace, Consumer Electronics, Biosciences), Filler Material - Global Forecast to 2021", published by MarketsandMarkets, the market is estimated to grow from USD 1.56 Billion in 2015 to USD 2.53 Billion by 2021, at a CAGR of 8.48%, in terms of value.
Browse 26 market data Tables and 57 Figures spread through 131 pages and in-depth TOC on "Electrically Conductive Adhesives Market"
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The market is driven by the increase in use of electronic components in automotive, aerospace, and various other industries accompanied with the growing trend in the miniaturization of electronic gadgets.
Epoxy based adhesives accounted for the highest demand in the electrically conductive adhesives market
The epoxy based adhesives segment has been witnessing significant demand in recent years due to the several advantages that these adhesives offer. Epoxy based adhesives provide quicker production throughput due to the shorter processing time and less handling of assemblies required. These adhesives have a short curing time, which makes them suitable for quick cold solder repairs of electronic devices, providing excellent electromagnetic interference (EMI) / radio-frequency interference (RFI) shielding and filling in seams between metal plates. This segment accounted for the largest market share, in terms of value and volume, in 2015.
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Automotive and consumer electronics are major areas of application
The major end-users of electrically conductive adhesives are the automotive, aerospace, biosciences, and consumer electronics industries. Automotive and consumer electronics are the key users of electrically conductive adhesives among all the application areas. ECAs are widely used for anti-lock braking systems, engine control units and transmission control units in automotives. Whereas, in the consumer electronics segment, they are used for flexible connections in various electronic devices.
Asia-Pacific is the largest market for electrically conductive adhesive
The Asia-Pacific region is a large market for electrically conductive adhesives. This is because China is the largest manufacturer of automobiles, the increasing sales of consumer electronics in South Korea and the emerging economies of Vietnam and Thailand.
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The key players in the global Electrically Conductive Adhesives Market are Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (U.S.), Master Bond Inc. (U.S.), Panacol-Elosol GmbH (Germany), Aremco Products, Inc. (U.S.), Dow Corning (U.S.), and 3M Company (U.S.).
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