Asia-Pacific Increasing Global Dominance in Conductive Epoxy Market
The conductive epoxy market is expected to witness a CAGR of 5.8% to reach $7.52 billion by 2022
BANGALORE, India, January 3, 2018 (Newswire.com) - With its recently published study “Conductive Epoxy Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022”, Infoholic Research forecasts that the global market for conductive epoxy will continue to grow, owing to the increasing number of application areas in the underdeveloped and developing countries. Conductive epoxy provides a suitable path for electrical energy and performs better conductivity than conventional soldering. It helps to assemble the electronic parts as well as provide strong adhesion between the applied surfaces, which makes it apt for the electronics industry.
Conductive epoxy finds major usage in the electrical and electronics segment, due to its unique electric and thermal conductive properties. The increased usage of conductive epoxy in high- performance adhesives and coating solutions will steer market growth, both in developed and developing countries. This trend is expected to continue during the forecast period 2016–2022, fueling the conductive epoxy market growth at a CAGR of 5.8 percent to reach $7.52 billion by 2022.
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Asia-Pacific dominates the conductive epoxy market, followed by North America and Europe. The large population base and sturdy manufacturing facilities in relatively improving economic conditions are the key contributors that make Asia-Pacific the leader in this market. The dominance of Asia-Pacific will continue during the forecast period, while underdeveloped countries are expected to witness a higher penetration rate, thereby boosting the conductive epoxy market.
The adhesive application segment contributed majorly towards the conductive epoxy market. The next significant share for the conductive epoxy market is attributed by conductive coating, owing to its high-performance coating solutions for various transport products. On the other hand, conductive epoxy composites enjoy a relatively a smaller market share, although its adoption is expected to increase exponentially over the years, consequently generating much higher revenues for conductive epoxy.
“Conductive epoxy provides a medium for electrical or thermal energy flow within the structure. Additionally, the other benefits include its strong adhesive feature, ability to reduce the overall weight of the structure, and easy installation. Owing to all these advantages, conductive epoxy is aggressively used in fast-changing structures, enabling them to grow rapidly. The growth in the electrical and automotive market is vital for growth in the coming years, especially in the developing countries where demand for conductive epoxy is high from export-oriented large manufacturing capacities,” said Pooja Kumari, Research Analyst, Infoholic Research.
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Key insights of the report include:
· Major Application Areas:
· Key end-users:
o Electrical & Electronics
o Solar Systems
· Industry outlook: Market trends, drivers, restraints, and opportunities
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Source: Infoholic Research