European market led by France, Germany, UK and Russia electrically conductive adhesives market may witness steady growth during forecasted period owing to growing aerospace and defense sector. Russian defense spending was over USD 60 billion in 2018. Growing influence towards investing in defense activities supported by rising adoption of advance technology will have positive influence on industry growth.
North American market driven by Mexico Canada and US electrically conductive adhesives market may experience steady growth in the projected time frame. Growing demand for broadband services and advent of new smart phones would stimulate the mobile industry. The mobile chipset industry would experience significant gains to supply growing demand which will boost regional demand for electrically conductive adhesives in mobile chipset industry.
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Electrically Conductive Adhesives Market size may experience significant growth in the forecasted time frame owing to utilization in consumer electronics, aerospace and defense, automotive, and bioscience industries. Rising use of PCB (printed circuit board) and semiconductors in these industries and replacing soldering with electrically conductive adhesives would propel the market growth.
Electrically conductive adhesives comprise of conducting component including silver, nickel, copper or graphite and an adhesive component including varnish, synthetic raisin or silicone. They are preferred over conventional soldering owing to finer pitch printing, lower temperature processing, eco friendliness and higher flexibility. Silver filled electrically conductive adhesives may witness significant growth owing to properties including high conductivity and easy fabrication into desired shape. The product also provides alternatives for grounding solutions and could replace fasteners and screws.
Electrically conductive adhesives market types include isotropic and anisotropic which help to complete a circuit while maintaining conductivity. They are used in PV solar panels, touch panel screens and other electronic devices. Isotropic conductive adhesives are used for bonding electrically conductive SMDs and chip contacting owing to its electrical conduciveness in all directions which may propel industry growth.
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Rise in demand for anisotropic conductive adhesives in various applications including LCD connections, flexible PCBs and bonding antenna structures will further propel electrically conductive adhesives market demand. The consumer electric market may surpass USD 2500 billion dollars by 2020 and likely to have a positive impact on market growth owing to its utility in consumer electric industry.
LED lighting device continue to experience increase demand for output and global LED market is anticipated to reach USD 70 billion by 2023. Electrically conductive adhesives are used extensively in LED industry owing to their capacity serve as reliable electrical contacts by absorbing mismatches which is likely to favor industry growth.
Electrically conductive adhesive finds application in aerospace and military sectors owing to its shielding properties which helps from electromagnetic interference (EMI) and radio-frequency interference (RFI). Epoxy based adhesives are specifically used for this purpose owing to their shorter processing time, shielding properties and short curing time. Rising geopolitical tensions has led to growing military equipment demand. These factors are likely to stimulate electrically conductive adhesives market growth for its utility in aerospace and defense industry.
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Global electrically conductive adhesives market is consolidated with key players which includes Master Bond Inc, Henkel AG & Co. KGaA, Panacol-Elosol GmbH, H.B. Fuller Company, 3M Company, Aremco Products, Inc and. Dow Corning.
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