Market Size of Electrically Conductive Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | < 6.00 % |
Fastest Growing Market | North America |
Largest Market | Asia-Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Electrically Conductive Adhesives Market Analysis
The electrically conductive adhesives market is expected to record a CAGR of less than 6% globally during the forecast period 2022-2027.
The COVID-19 pandemic had a negative impact on the market. However, the market is now estimated to have reached pre-pandemic levels.
The major factor driving the market studied is increasing application in power electronics.
Increasing applications of single-part and two-part epoxy adhesives in power electronics are expected to drive market growth during the forecast period.
Asia-Pacific is expected to dominate the global market with the most significant consumption from China, Japan, and India.