Polyurethane Based Electrically Conductive Adhesives Market Size, Share, Industry, Forecast and outlook (2024-2031)

Polyurethane Based Electrically Conductive Adhesives Market is segmented By Product (Isotropic, Anisotropic, Others), By Type (High Conductivity Polyurethane-based Electrically Conductive Adhesives, Medium and Low Conductivity Polyurethane-based Electrically Conductive Adhesives, Others), By Application (Automotive, Consumer Electronics, Aerospace, Biosciences, others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Polyurethane Based Electrically Conductive Adhesives Market Overview

190 pages report analyses the Global Polyurethane Based Electrically Conductive Adhesives Market size, shares, recent trends, competitive intelligence, and future market outlook. Demand from Automotive, Consumer Electronics, Aerospace in Asia Pacific is spiking. Competitive rivalry intensifies with Arkema Group, Sika AG, DOW Corning and others operating in the market.

Polyurethane-based electrically conductive adhesives are most commonly employed in electronics applications where components must be held in place while electrical current can flow between them. The general polyurethane-based electrically conductive adhesives, such as cyanoacrylates, aerobics, epoxies and acrylic-based adhesives, act as electrical insulators depending on the space between components. It provides better thermal conductivity to the heat sinks by directing heat away from sensitive components and thermal management of electronic components.

Polyurethane-Based Electrically Conductive Adhesives Market Scope

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Source: DataM Intelligence Analysis (2023)

Global Polyurethane-based Electrically Conductive Adhesives Market Dynamics and Trends

The global polyurethane-based electrically conductive adhesives market is driven by increasing demand for electronic devices and the growing adoption of polyurethane-based adhesives in the automotive and aerospace industries. Additionally, the growing use of polyurethane-based adhesives in solar panels and wind turbines is expected to drive market growth. However, the high cost of raw materials and the lack of awareness about these products in developing countries may hinder the market growth. Increasing investments in research and development to improve the properties of polyurethane-based adhesives is expected to provide opportunities for market growth.

Increasing demand for polyurethane-based electrically conductive adhesives in the electronic devices sectors

Polyurethane-based electrically conductive adhesives contain unique qualities, which include low shrinkage, moisture resistance and strong bonds mainly due to the presence of filler materials. It can also block the electromagnetic radiation emitted by electronic devices. The increase in demand for polyurethane-based electrically conductive adhesives due to different qualities is expected to drive the market's growth.

Further, modern manufacturers focus on producing reliable and small electronic devices to decrease the cost of materials and manufacturing. Manufacturers can build smaller, faster, lighter, thinner, more powerful and energy-efficient consumers. Industrial polyurethane-based electronic systems use electrically conductive adhesives. The growing trend of miniaturization in electronic devices is expected to drive the growth rate of the polyurethane-based electrically conductive adhesive market. Similarly, the demand for silver fillers has increased due to their growing popularity in providing improved moisture resistance, low-shrinkage attributes and adhesion. 

Government regulation regarding the use of polyurethane-based electrically conductive adhesives restrains the market growth. 

The governments of several economies have regulated many guidelines regarding polyurethane-based electrically conductive adhesives, which is the major restraining factor for the market. Such regulations are developed to safeguard personnel and the environment from the poisonous vapors and fumes released during the manufacture of electrically conductive adhesives, which raises concerns about health and safety. The respective factor can result in limitations on using specific chemicals or demand for unique ventilation systems in manufacturing plants, which would drive up the operational cost of manufacturing.

Similarly, several regulations are in effect that limits the use of environmentally hazardous substances in adhesives. Polyurethane-based electrical and electronic waste produces pollution hazards, creating environmental problems during their disposal. The respective facts are major restraining factors limiting the global polyurethane-based electrically conductive adhesives market growth.

COVID-19 impact on Polyurethane Based Electrically Conductive Adhesives Market

The COVID-19 pandemic has had a mixed impact on the global polyurethane-based electrically conductive adhesives market. The initial outbreak of the virus in China, a major producer of electronic components and devices, led to supply chain disruptions and a decrease in production. It led to a decrease in demand for polyurethane-based electrically conductive adhesives used in electronic devices.

Furthermore, the pandemic has also decreased automotive and aerospace production, which has affected the demand for these adhesives in these industries. Additionally, the lockdown and social distancing measures implemented to control the spread of the virus have led to a decrease in construction and infrastructure development activities, which has further affected the demand for polyurethane-based adhesives. However, the pandemic has also increased the demand for electronic devices, such as laptops and smartphones, as people work and study from home. It has increased the demand for polyurethane-based electrically conductive adhesives used in electronic devices. 

Global Polyurethane-based Electrically Conductive Adhesives Market Segment Analysis

The global polyurethane-based electrically conductive adhesives market is segmented into product, type, application and region.

The increase in the use of polyurethane-based electrically conductive adhesives in automotive sectors driver the market growth

Polyurethane-based adhesives in automotive applications offer several advantages, such as high mechanical strength, excellent thermal stability and resistance to harsh environments. The polyurethane-based electrically conductive adhesives of application are further segmented into automotive, consumer electronics, aerospace, biosciences and others. The respective adhesives are used in various automotive applications, such as bonding and sealing electronic components, sensors and actuators. In the automotive industry, polyurethane-based electrically conductive adhesives are used for bonding and sealing electronic components in vehicles, such as sensors, cameras and actuators. The adhesives also help provide EMI/RFI shielding in electronic devices and systems, which is crucial for properly functioning electronic devices in vehicles. Vehicles require a high number of electronic components, which increases the demand for these adhesives in the automotive industry. Furthermore, the growing demand for electric and hybrid vehicles is a major factor that boosts the market share for the automotive segment in the respective market. Additionally, the development of advanced technologies in the automotive industry, such as autonomous driving, is expected to drive the market for these adhesives.

Source: DataM Intelligence Analysis (2023)

Global Polyurethane-Based Electrically Conductive Adhesives Market Geographical Share

Asia-Pacific dominates the global polyurethane-based electrically conductive adhesives market due to the presence of many electronic component manufacturers

Asia-Pacific dominates the global polyurethane-based electrically conductive adhesives market, with countries such as China, Japan and South Korea as major players. The region's dominance is driven by several factors, such as the presence of many electronic component manufacturers, a growing automotive industry and a rapidly developing construction industry. China is the largest market for polyurethane-based electrically conductive adhesives in the Asia-Pacific region due to the presence of a large number of electronic component manufacturers and a rapidly growing automotive industry. The country is a major producer of electronic devices such as smartphones, laptops and other electronic devices, which drives the demand for polyurethane-based electrically conductive adhesives in the country.

Furthermore, the increasing adoption of renewable energy sources, such as solar and wind energy, in the Asia-Pacific region is also expected to drive the market for polyurethane-based electrically conductive adhesives. The adhesives are used in manufacturing solar panels and wind turbines, which increases the demand for these adhesives in the region.

Source: DataM Intelligence Analysis (2023)

Polyurethane-Based Electrically Conductive Adhesives Market Competitive Landscape

The global polyurethane-based electrically conductive adhesives market is competitive and fragmented due to the wide range of end-use applications and the presence of major players contributing to growth in the market are 3M, Arkema Group, H.B. Fuller, Sika AG, Creative Materials Inc., Panacol-Elosol GmbH, DOW Corning, Inc, Nagase America Corporation, Protavic America and Lord Corporation. The major players in the market adopt several growth strategies such as formulating and patenting, researching new sources, collaborations and joint ventures to contribute to growth in the industry.

3M

Overview: 3M is a multinational company specializing in developing and manufacturing various products and foam. 3M develops innovative and safe surgical scrubs, bandages and dressings, medical component tapes, high conductivity polyurethane-based electrically conductive adhesives and negative pressure wound therapy that create the granuloma silver dressing for the product. The company primarily develops formulations for isotropic, acoustic insulation and anisotropic. 3M corporate operations in 70 countries and sales in 200, they are committed to creating the technology and products that advance every company, enhance every home and improve every life. Most of the company’s formulations are custom-made according to client requirements and are sold under strict confidentiality agreements. 3M has founded in 1902 by Danley Budd. 3M is headquartered in Sant Paul, Minnesota, U.S.

Product Portfolio

• 3M Polyurethane Protective Boot: It protects electronic components and devices from impact, dust and moisture. It is made of a durable, flexible polyurethane material that can withstand extreme temperatures and harsh environments. The boot is easy to install and can be used in various automotive, aerospace and industrial applications. The boot features a unique design that allows easy electronic component or device access while providing protection. It also features a self-sealing zipper that easily installs and removes the boot. The boot comes in various sizes and can be customized to fit various electronic components and devices.

Key Developments: 

On May 19, 2020, 3M built a new plant to increase the capacity of Pergrip Run NF, based on Sodium Formate. The new plant represents a significant investment that will improve the availability and security of supply for Pergrip Run NF.

The global polyurethane-based electrically conductive adhesives market report would provide approximately 61 market data tables, 59 figures and 190 pages