MarkNtel Advisors – Leading Market Research Company found Global Thermal Interface Materials Market is expected to reach 7.8% CAGR Growth By 2030.
This report provides a comprehensive analysis of the Global Thermal Interface Materials Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Thermal Interface Materials Market
Base Year: 2023
Forecast Years: 2024-2030
Historical Years: 2019-2022
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Scope of the Thermal Interface Materials Market Report:
The Global Thermal Interface Materials Market size is valued at USD 3.5 billion in 2023 & is estimated to grow at a CAGR of around 7.8% during the forecast period, i.e., 2024-30. The accelerated growth is largely driven by the huge demand for modern electronic equipment and the boom in the computer chips and semiconductors industry due to advancements in modern trends and technologies including smart devices, self-driving cars, electric vehicles, renewable energy especially solar energy, automation, 5G telecommunication, medical equipment and cloud computing. The growth in these industries will increase the demand for materials that can help efficiently dissipate the heat from electronic devices, ensuring their proper functioning.
Which prominent factor is expected to drive the Thermal Interface Materials Market during 2024-30?
Huge Demand for Consumer Electronics – Our world is fast becoming more digitalized and interconnected due to the adoption of smart devices and modern technologies, that are improving people’s living standards and driving changes in their lifestyle, productivity, and overall integration with the world. Such scenarios are driving a massive demand in the consumer electronics market. The world is witnessing the increasing penetration of electronic devices such as smartphones, laptops, televisions, LED lighting, wearables devices, and others. The functioning of such a world is possible with the advancement and development of these new-age technologies supported by computer chips and semiconductors.
These computer chips and semiconductors require efficient thermal management to ensure optimal performance and reliability. TIMs play a crucial role in dissipating heat from these electronic devices, preventing overheating and maintaining their optimal functionality as well as increasing their lifespans. The usage and demand for the Thermal Interface Materials will continue to show a rising growth as the adoption of electronic devices will continue to penetrate our societies. For instance,
July 2024, UN Digital Economy Report 2024: The report highlights the boom in the Global Digital Economy and the surge in smartphones and the Internet of Things devices will be projected to reach around 39 billion by 2029.
What are the different Segment Available in the Thermal Interface Materials Market?
By Type
- Adhesives & Greases- Market Size & Forecast 2019-2030, Thousand Tons
- Tapes- Market Size & Forecast 2019-2030, Thousand Tons
- Elastomeric Pads- Market Size & Forecast 2019-2030, Thousand Tons
- Paste & Gel- Market Size & Forecast 2019-2030, Thousand Tons
- Phase Change Materials- Market Size & Forecast 2019-2030, Thousand Tons
- Advanced Materials- Market Size & Forecast 2019-2030, Thousand Tons
- Others- Market Size & Forecast 2019-2030, Thousand Tons
By Application
- Computers- Market Size & Forecast 2019-2030, Thousand Tons
- Telecom- Market Size & Forecast 2019-2030, Thousand Tons
- Medical Devices- Market Size & Forecast 2019-2030, Thousand Tons
- Consumer Durables- Market Size & Forecast 2019-2030, Thousand Tons
- Automotive Electronics- Market Size & Forecast 2019-2030, Thousand Tons
- Renewable Energy- Market Size & Forecast 2019-2030, Thousand Tons
- Industrial Equipment- Market Size & Forecast 2019-2030, Thousand Tons
- Others (LED lighting, etc.)- Market Size & Forecast 2019-2030, Thousand Tons
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Leading Thermal Interface Materials companies operating in the Market
- DuPont (Laird)
- 3M
- Honeywell International Inc.
- Momentive Performance Materials
- Semikron Danfoss
- Henkel Corporation
- Parker Hannifin Corp.
- Wacker Chemie AG
- Dow
- Wakefield Thermal, Inc.
- Indium Corporation
- Shin-Etsu Chemical Co., Ltd.
- Panasonic Corporation
- Fujipoly
- Arctic Silver, Inc.
- Others.
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