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:
By Resin Type
By End-Use Industry
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