The global Electrically Conductive Adhesives market was valued at USD 1.82 billion in 2016 and is projected to reach USD 3.47 billion by 2025, growing at a CAGR of 8.4% from 2017 to 2025.
The rise of electronics industry has led to the innovation in this product category. The growing demand for consumer appliances is expected to boost the demand for electrically conductive adhesives over the forecast period. The major function performed by electrically conductive adhesives is holding the suspended electrically parts together.
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1. Market Drivers
1.1 Growing demand for consumer electronics
1.2 Increasing application in automotive and aviation
2. Market Restraints
2.1 Environmental problems and pollution hazards
The global Electrically Conductive Adhesivesmarketis segmented on the basis ofchemistry, application, filler material, morphologyand region.
1. By Application:
1.1 Consumer Electronics
2. By Chemistry:
2.1 Acrylic Based
2.2 Silicon Based
2.3 Epoxy Based
2.4 Polyurethane Based
3. By Filler Material:
3.1 Copper Fillers
3.2 Carbon Fillers
3.3 Silver Fillers
4. By Morphology:
4.1 Isotropic Conductive Adhesives
4.2 Anisotropic Conductive Adhesives
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. H.B. Fuller
3. Panacol-Elosol GmbH
4. 3M Company
5. DOW Corning
6. Henkel AG
7. Aremco Products Inc.
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Electrically Conductive Adhesivesmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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