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Improvements in electronics coupled with an increase in demand for lightweight and flexible electrical components have been significant contributors to major trends witnessed over recent years within the field of the conductive glue market. Notable among them has been the rising use of conductive glue in producing flexible, stretchable electronic devices. Consumer electronics have continued evolving into smaller portable versions; hence, bonding their constituent parts using flexible or forming adhesives provides numerous benefits, thereby enabling plug-and-play functionality between different displays. Additionally, the automotive sector has been driving a high growth rate for this particular sealant worldwide. With the introduction of modern cars, where electrical parts are increasingly being used, better ways need to be utilized while joining them together. Therefore these glues offer more advantages than solders since they offer better flexibility regarding shape as well as cooling during vibrations.
Besides this application in common household gadgets like smartphones, laptops, and other consumer electronics, conductive glues have also been found to be used in advanced medical equipment. In fact, the healthcare industry has seen a paradigm shift towards wearable and implantable electronic devices that are used for monitoring purposes and treatment purposes. Another significant trend in the conductive glue market involves the adoption of eco-friendly formulas. As a result of increased consciousness about environmental sustainability, manufacturers are now developing conductive glues that do not contain toxic substances and adhere to stringent environmental guidelines. Regulatory requirements necessitate this move, but more importantly, it shows a broader industry commitment to green practices where low-impact conductive adhesives become preferred by end-users, leading to overall market growth.
Additionally, there is a rise in research and development on improvements to the conductivity characteristics of these glues because they are under intense focus of R&D work at present. To this effect, researchers and producers are striving to create better products with improved conductivity, thermal stability, and bonding properties. This arises from different industries' changing needs, such as electronics, aerospace energy, etc. It is expected that continuous research on new formulations of conductive glue will result in many applications, thereby forming potential avenues for growth.
Conductive Glue Market Highlights:
Conductive Glue Market Overview
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.
Key Players
- Henkel AG & Co. KGaA (Germany)
- Master Bond Inc. (US)
- Panacol-Elosol GmbH (Germany)
- 3M Company (US)
- Dow (US)
- Mitsui Chemicals (Japan)
- Aremco Products Inc. (US)
- B. Fuller Company (US)
- Indium Corporation (US)
- KYOCERA Corporation (Japan)
- Evonik Industries (Germany)
- MG Chemicals (UK)
- Parker Hannifin Corp (US)
- Creative Materials Inc. (US)
- Soliani Emc SRL (Italy)
Global Conductive Glue Market Share, By End-Use Industry, 2018 (%) Â 
Source: MRFR Analysis
Regional 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.
Segmentation Analysis
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.
Target Audience
- Manufactures of end-use industry
- Raw material suppliers
- Aftermarket suppliers
- Research institute/education institute
- Potential investors
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