Global Isotropic Conductive Adhesive Market Size To Grow At 7% CAGR From 2024 to 2030.

GLOBAL ISOTROPIC CONDUCTIVE ADHESIVE MARKET (2024 - 2030)

As per our research report, the global Isotropic Conductive Adhesive Market is estimated to be growing at a CAGR of 7% from 2024 to 2030.

Isotropic conductive adhesives are composites of adhesive resins that have applications in the electronics industry, medical industry, aerospace industry, automotive industry, and renewable energy sector for solar and wind turbines. Isotropic conductive adhesives have conductive fillers mainly silver flakes. The latest applications include usage in biomedical, energy storage, robotics, artificial intelligence, virtual and augmented reality, the Internet of Things (IoT), textiles, and more. The increasing number of environmentally friendly alternatives are also propelling the market. The Isotropic Conductive Adhesive Market is expected to grow significantly in the coming years due to growing demand in the automotive and electronics sectors, and advancements in processing technologies. The increasing need for miniaturization in electronic devices, growing trend of miniaturization in electronic devices, extensive use in various end-user industries due to their advantages, rising demand for electrically conductive adhesives, advancements in research and development efforts, and increasing focus on sustainability in industries are the main drivers for the Isotropic Conductive Adhesive Market.

The COVID-19 pandemic had a significant impact on the Isotropic Conductive Adhesive Market. There were sudden supply chain disruptions, restrictions, lockdowns, and other preventive measures. This resulted in delays and temporary shutdowns in the production and distribution of Isotropic Conductive Adhesives. Many processing and manufacturing industries faced operational difficulties and limited labor. This impacted the overall production and supply. However, conditions changed over the course of time. Post-pandemic the Isotropic Conductive Adhesive Market witnessed a sudden growth.

In May 2023, the Bodo Möller Chemie Group announced a partnership with manufacturer Henkel Adhesive Technologies, with a focus on products for electrical and electronic applications, as well as for e-mobility, sensors, lighting, rail, and aerospace, and included the complete Bergquist product range of thermally conductive materials.

The restraints to the Isotropic Conductive Adhesive Market mainly include environmental concerns, high costs, miniaturization, Governmental rules and regulations, and thermal management.

KEY MARKET INSIGHTS:

• Based on market segmentation by Resin Type, the thermoset composites segment holds the highest share of the market. The epoxy-based isotropic conductive adhesive segment is the largest growing sub-segment under this category. It has an exceeding global share of 33 % of the total market. This is mainly due to the cost-effectiveness, high demand in the automotive industry, short processing time, extended shelf life, and various other desirable properties. Also, the thermoset composites are the fastest-growing segment during the forecast period. This is mainly due to unique properties such as electrical conductivity and thermal stability. The epoxy-based isotropic conductive adhesive segment is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.8%.
• Based on market segmentation by the End Use Industry, the automotive segment holds the highest share of the market. It has a market share of about 30% of the total market. The automotive sector is projected to grow at a CAGR of 8.90% during the forecast period. This is mainly due to the increasing application of isotropic conductive adhesives in the automotive sector. Isotropic conductive adhesives are used as a connecting connector for advanced driver assistance systems (ADAS) cameras and radars. Isotropic conductive adhesives are also used for light detection and ranging. However, Consumer electronics is the fastest-growing segment during the forecast period. It has a market share of about 20-30% of the total market. This is mainly due to the rising demand for properties like lightweight, flexibility, and advanced functionalities of isotropic conductive adhesives.
• Based on market segmentation by region, Asia Pacific holds the highest share of the Isotropic Conductive Adhesive market. It has the largest share around 50% of the market. This is due to several factors. Asia Pacific is a developing region with increasing industrialization and urbanization. Countries like China, India, and Japan have the highest share and leading the market. These countries witnessed rising investments in research and development. Also, Asia Pacific is the fastest-growing region during the forecast period. Asia Pacific is projected to grow at the highest CAGR of 9.83%. This is mainly due to the expanding demand for isotropic conductive adhesives and new company establishments. Technological advancements, higher production, urbanization, economy, rising incomes, and government initiatives of the Asia Pacific region boost the Isotropic Conductive Adhesive Market.
• Companies playing a leading role in the Global Isotropic Conductive Adhesive Market profiled in this report are – Henkel AG & Co. KGaA, 3M Company, Hitachi Chemical Co., Ltd., Panacol-Elosol GmbH, Creative Materials Inc, AI Technology, Inc., AIM Solder, The Dow Chemical Company, NAMICS Corporation, and Parker Chomerics

By Resin Type

• Thermoset Composites
• Thermoplastic Composites

By End-Use Industry

• Building & Construction
• Automotive
• Electrical & Electronics
• Aerospace & Defense
• Sporting goods
• Wind Energy
• Others

By Region

• North America
• Asia Pacific
• Europe
• South America
• Middle East and Africa

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