The Conductive Glue Market is estimated to reach USD 3.2 billion by the end of 2027 at a healthy CAGR of 6.8%.
Conductive glue is materials that allow the flow of electricity along with providing adhesion; it is also known as a cold solder. Conductive glue is generally made-up of an adhesive component filled with an electrically conductive filler material. Various types of conductive adhesives based on resins such as epoxy, acrylic, silicone, polyurethane, and others are used in specific applications. The conductive glue has experienced significant growth over the past few years, along with the growth of the microelectronics industry.
The growth of the conductive glue market is projected to be primarily driven by the rapid growth of electronic industry and adoption of automation and mechanization solutions across diverse industry verticals such as automotive, aerospace, general manufacturing, healthcare, chemical & pharmaceutical, and others. Additionally, the rapid growth of the IoT and technological advancement is also expected to fuel the demand for conductive glue in the global market.
Among the various type of resins used in conductive adhesives; the epoxy-based conductive adhesives is estimated to hold the larger pie in the conductive glue market. The demand for epoxy conductive adhesives can be attributed to its wide range of application, short curing time, and short processing time. Due to its short curing time, it is apt for quick cold solder repairs of electronic devices and automotive industry.
Among the end-use industries, consumer electronics is projected to account for a significant share in the conductive glue market, which is expected to be followed by the automotive industry. A steady increase in demand for consumer electronics across the globe is expected to be the prime driver for the growth of conductive glue market during the forecast period. Furthermore, the development and advancement of nanotechnology in microelectronics is expected to offer lucrative opportunities for conductive glue producers in the global market.
One of the key trends observed in the global conductive glue market is the development of new and advanced materials such as silicon-based electrically conductive adhesives, metal nanowires, carbon nanotubes, and nickel nanotubes. Such developments are expected to propel the growth of the global conductive glue industry further. Despite, the advancement in technologies and development of new conductive glue; the conductive glue faces some technical complexities such as lower conductivity, sensitivity to type and quality of the component, and lower durability in variable climate environment. These factors are expected to slightly hamper the demand for conductive glue during the forecast period.
Global Conductive Glue Market Share, By End-Use Industry, 2018 (%) Â
Source: MRFR Analysis
The global conductive glue market has been studied across five key regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Asia-Pacific is expected to hold the largest market share for conductive glue during the forecast period. This can be attributed toward the presence of huge consumer electric and electronic manufacturing base in Japan, South Korea, and China. The region is expected to witness robust growth during the forecast period further, owing to rapid industrial growth and development. North America and Europe are expected to witness steady growth during the forecast period. The growth outlook for conductive glue industry in Latin American countries such as Brazil, Mexico, and Argentina is expected to be lucrative during the forecast period. This growth can be attributed to recovering economic outlook and increasing industrial development in the region. Middle East & Africa is expected to witness moderate growth during the forecast period.
The global market has been segmented based on product type, type, application, and region.
Based on resin, the global market has been categorized as epoxy, acrylic, silicone, polyurethane, and others.
On the basis of product type, the global market has been categorized as isotropic conductive glue and anisotropic conductive glue.
By application, the global conductive glue market has been divided into automotive, aerospace, healthcare, telecom, consumer electronics, and others.
The global market, by region, has been segregated into North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.
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