With the emergence and long-term Impact of COVID-19, Global Electrically Conductive Adhesives Market to reach USD 5445.75 Million by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Electrically Conductive Adhesives Market is poised to raise up to USD 5445.75 Million by 2030. An electrically conductive adhesive is a glue that is primarily used for electronics. This conductive component is suspended in a sticky component that holds the electrically conductive adhesive together. The Electrically Conductive Adhesives market is expanding because of factors such as increasing need for electronic device and increasing application in healthcare sector to propel market growth. However, its importance has progressively increased during the last few decades.
In addition, the emergence of public charging infrastructures and Growing application of electrically conductive adhesives from electric vehicle application is expected to provide significant growth opportunities. However, Government intervention due to strict regulation in global trade and strict guidelines regarding the use of electrically conductive adhesive Stifles market growth throughout the forecast period of 2023-2030.
Geographically, the global Electrically Conductive Adhesives market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific is expected to dominate the global electrically conductive adhesives market in 2020, over the forecast period owing to the growing demand of electronic industry and increasing demand for mobile handsets, computing devices and audio & video gaming products. According to the statista in 2020, the consumer electronics market in the Asia-Pacific region has a value of 257 billion US dollars. North America is fastest growth in the market owing to the strong presence of solar power industry in the region and due to the rapid industrial development, such as electronics and automotive industry.
The global Electrically Conductive Adhesives market is highly competitive owing to the presence of several key market Players such as Dow Company, 3m Minnesota Mining and Manufacturing, Permabond.Com, Harvey Benjamin Fuller Company, Henkel Ag & Co. KgaA, Coatex Industries.
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Key findings of the study suggest:
- Global Electrically Conductive Adhesives Market is anticipated to grow with a healthy growth rate of more than 8.48% over the forecast period 2023-2030.
- In the Type segment, Anisotropic Conductive Adhesives emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth Owing to growing demand of electronic industry and increasing demand for mobile handsets, computing devices and audio & video gaming products.
- North America is expected to grow at higher rate followed by Asia Pacific during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Type:
- Isotropic Conductive Adhesives
- Anisotropic Conductive Adhesives
Application:
- Automotive
- Consumer Electronics
- Aerospace
- Biosciences
- Others
Chemistry:
- Epoxy
- Silicone
- Acrylic
- Polyurethane
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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