DALLAS, April 09, 2019 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the electrically conductive adhesives market looks promising with opportunities in the industries of consumer electronics, automotive, aerospace and defense, and bioscience. The global electrically conductive adhesives market is expected to reach $2.5 billion in 2024 with a CAGR of 5.1% from 2019 to 2024. The major drivers for this market are growth in the PCBs and semiconductors and replacement of soldering with conductive adhesives due to environmental and health concerns.
Browse 142 market data tables and 158 figures spread through 247 pages and in-depth TOC on “Global Electrically Conductive Adhesives Market" at https://www.lucintel.com/electrically-conductive-adhesives-market.aspx
In this market, different types of electrically conductive adhesives such as silver, copper, carbon, and others are used as filler material. Lucintel forecasts that silver filled electrically conductive adhesives will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to its beneficial features: silver filled electrically conductive adhesives offer high conductivity and are easily formed and fabricated into the ideal shape.
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Asia Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period supported by increasing demand for consumer electronic products in China and India.
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Emerging trends, which have a direct impact on the dynamics of the electrically conductive adhesives industry, include development of new silicon-based electrically conductive adhesives for automotive sensor and development of flexible electrically conductive adhesives for flexible displays and PCBs. Henkel, 3M, H.B. Fuller, Masterbond, and Panacol Elosol and others are among the major electrically conductive adhesives manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed and forecasted for the global electrically conductive adhesives market by end use, filler material, resin, type, form, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Electrically Conductive Adhesives Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com