Global Conductive Filler Material Market

Conductive Filler Materials Market Overview

The global conductive filler materials market is estimated to reach USD 2.9 billion by 2030, with a CAGR of 9.5% from 2022 to 2030. It was valued at USD 1.3 billion in 2022. The major drivers for this market are increasing demand for conductive fillers in Li-ion batteries to improve performance, increasing adoption of electric vehicles, growth in consumer electronics and increasing demand for compact, high performance, and high-density electronic products.

What are Conductive Filler Materials?

The term conductive fillers refer to the materials used to enhance thermal or electrical conductivity. The primary application of these conductive fillers is found in the electronic devices industry, where these are typically used for electromagnetic interface (EMI) shielding and radio frequency interface (RFI) shielding. Effective heat dissipation plays an important role in enhancing the implementation and reliability of packaged devices. Applications such as electrodes, conductive wiring, and electrical contact materials usually choose highly conductive fillers. Conductive fillers can also be engaged in composites. Conductive filler materials commonly contain silver, copper, nickel, carbon black, synthetic graphite particles, and carbon fiber.

Growth Drivers

Rising Demand for End-User Industry

The demand for conductive fillers has been increasing across the globe to reduce EMI shielding applications. Electromagnetic interference can disrupt electronic devices, equipment, and systems used in industries such as medical, military, aerospace, electronics and others. The advancement in demand for conductive fillers in the electrical & electronics, and energy sectors is the key factor driving the global conductive fillers materials market. Likewise, the need for lightweight materials for energy storage in the aerospace, defense, and electronics sectors is also driving the growth of the conductive fillers market.

Opportunities

Presently, Metal Fillers are Mostly Used in their Nano form

The superior electrical properties of Electrical Conductivity Adhesives Silver is the most used conductive filler for isotropic conductive adhesives because of its high electrical conductivity, chemical composure, and low cost compared to gold. Moreover, silver oxides produced by exposure to heat and humidity show high conductivity, contrary to oxidized copper. Silver can also be precipitated into various sizes that can check and sharps pretreated with organic lubricants, creating lucrative global conductive filler material market opportunities.

Restraints

Expensive Filler Materials

Expensive silver filler material restricted conductive aluminum filler material, and problems in dispensing iron filler material are the prime challenges for the growth of the global conductive fillers market. The performance of nanotechnology to decrease filler material contained in the assembly is the key trend observed in the global conductive adhesives market.

Pre Covid-19 Impact on Global Conductive Filler Material Market

Before the covid-19 period, electrically conductive adhesives were most commonly employed in electronics applications where they must hold elements in place while electrical current can flow between them. Most general adhesives (anaerobic, cyanoacrylates, epoxy, and acrylic-based adhesives) act as electrical insulators that rely on the space between components. Some provide better thermal conductivity to help thermal management of electronic components and heat sinks by directing heat away from sensitive components. These elements help to grow to be before the pandemic period.

Covid-19 Impact on Global Conductive Filler Material Market

During the covid-19 period, the global conductive filler market noticed a slump in 2020 due to the impact of the pandemic as it has disrupted the supply chain, which is prospective to create a domino effect for international conductive filler production several fundamental apparatuses and materials are profoundly dependent on imports from other countries. Another significant impact of the pandemic on the conductive filler market was the sharp decrease in sales of electronic devices due to lockdown, which negatively reflects the conductive filler market revenue. The decline in industrial activities and shutdown of operations at production facilities led to this drop in demand and revenue for the conductive fillers. The other end-use industries of the conductive fillers, such as automobiles, aerospace, consumer electronics, and others, also had a tough time dealing with the aftermath of the pandemic, which led to a decline in the level of activity. The sale of automobiles declined as well as also halted the aerospace project. All these elements altogether hindered the growth of the conductive fillers market.

Post Covid-19 Impact on Global Conductive Filler Material Market

After the covid-19 period, Conductive fillers are in high demand worldwide to support EMI shielding applications. Electronic devices, equipment, and systems operating in industries such as medical, military, aerospace, electronics, and others can be disrupted by electromagnetic interference. The global conductive fillers market is being driven by an increase in demand for conductive fillers in the electrical and electronics, and energy sectors. Again, the need for lightweight materials for energy storage in the aerospace, defense, and electronics industries is pushing the conductive fillers market forward.

By Function Segmental Analysis

Based on function, the global conductive filler market is segmented into Electrical Conductivity and Thermal Conductivity. Electrically conductive adhesives are utilized in application areas, such as automotive, consumer electronics, aerospace, and biosciences, among others. The automotive application accounted for the largest market share in value, whereas the biosciences application is anticipated to grow at the highest rate during the forecast period.

By Application Segmental analysis

Based on application, the global conductive filler material market is segmented into Plastics, Adhesives, Coatings, Battery & Fuel Cells and Metallurgy. Adhesives hold the largest share in the global conductive filler market. Conductive adhesives: one is the conduction pushed by particle-particle contact within the polymer matrix, and the difference is percolation, which affects electron transport brought about electron tunneling between particles close enough to permit the dielectric breakdown of the matrix.

By End-Use Industry

Based on End-Use Industry segmental Analysis, the global conductive filler material market is segmented into Consumer Electronics, Automotive, Aerospace and Others. Automotive accounted for the largest market allocation and is projected to grow at the highest CAGR during the forecast period. The market for electronically conductive filler materials is expanding due to the rising demand for electronic adhesives in the automotive electronics sector. Due to complex electronic components that are susceptible to electromagnetic radiation, these adhesives are widely used in the automotive industry.

By Region Segmental Analysis

Based on region, the global conductive filler material market is segmented into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. Asia-Pacific is anticipated to continue to be the major market by value and volume and notice the premier growth throughout the forecast period due to the growth of consumer electronics, automotive, and aerospace industries. Due to the advancement in demand for electricity storage in the aerospace & defense sectors, North America has been deemed a key region of the global conductive fillers market. Europe showcases profitable opportunities for the conductive fillers materials market, steered by the region’s technological innovations and research & development activities. Europe presents lucrative opportunities for the conductive fillers material market, led by the region’s technological advancements and research & development activities. Emerging economies in Latin America and Middle East & Africa are also projected to drive the global conductive fillers material market.

Competitors Analysis

The companies include Almatis Corporation, Arkema, Asbury Carbon, Birla Carbon, Cabot Corporation, Continental Carbon Nanotechnologies, Dowa Electronics, Ferro Corporation, IMERYS, Orion Engineered Carbon, Nippon Light Metal and other prominent players in the global conductive filler market. Key Stakeholders

• Market research and consulting firms
• Industry associations
• Global Conductive Filler Material Manufacturing Firms
• Local Governments
• Regulatory bodies
• Suppliers
• Retailers

Recent Developments

• In February 2020, Henkel AG & Co. KGaA formed a new production structure in Pune, India. This development will help the company cater to the growing demand of Indian industries for high-performance solutions in adhesives, sealants, and surface treatment products.

Scope of the Report

Report Attribute	Details
Revenue in 2021	USD billion
The revenue forecast in 2028	USD 7.9 billion
Growth Rate	CAGR of 4.5 % from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The companies Almatis Corporation, Arkema, Asbury Carbon, Birla Carbon, Cabot Corporation, Continental Carbon Nanotechnologies, Dowa Electronics, Ferro Corporation, IMERYS, Orion Engineered Carbon, and Nippon Light Metal are the key players.

Market Modelling

By Product Type

• Carbon
• Graphite
• Carbon Fiber
• Alumina
• Copper
• Silver
• Steel
• Others

By Function

• Electrical Conductivity
• Thermal Conductivity

By Application

• Plastics
• Adhesives
• Coatings
• Battery & Fuel Cells
• Metallurgy

By End-Use Industry

• Consumer Electronics
• Automotive
• Industrial
• Aerospace
• Others

By Region

• North America
• Europe
• Asia Pacific
• South America
• The Middle East & Africa

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