NEW YORK—A recently released report, "Global Electrically Conductive Adhesives Industry," projects the global market for electrically conductive adhesives to grow at a compound annual rate (CAGR) of 7.3 percent over the next six years and reach $4 Billion by 2027.
Epoxy, one of the segments analyzed in the report, is projected to record a 8.2 percent CAGR and reach $1.5 billion by the end of that year. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Silicone segment is readjusted to a revised 7.4 percent CAGR.
The market in the U.S. is estimated at $563.2 million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of $762.6 million by the year 2027 after a CAGR of 11.2 percent from 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9 percent and 6.5 percent, respectively, over the same time. Within Europe, Germany is forecast to grow at approximately 4.7 percent CAGR.
In global acrylics, USA, Canada, Japan, China and Europe will drive the 5.8 percent CAGR estimated for this segment. These regional markets accounting for a current combined market size of $233 million will reach a projected size of $346.7 million by 2027. China will remain among the fastest growing in this cluster of regional markets.
Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach $466.6 million by the year 2027, while Latin America will expand at a 7.6 percent CAGR through the analysis period.
Years of research experience has been brought to this 5th edition, which runs 305 pages and presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021.
Key manufacturers in this market include 3M Co., Aremco Products, Inc., Dow, Dupont Inc., H. B. Fuller Co., Henkel AG & Co. KGaA and Panacol-Elosol GmbH.