Global Thermal Interface Materials Market Outlook, Opportunities And Strategies
Learn about the global thermal interface materials market through The Business Research Company, which provides information on thermal interface materials market size, thermal interface materials market drivers and restraints, thermal interface materials market players, the COVID-19 impact on the thermal interface materials market, and more.
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The global thermal interface materials market is expected to grow from $1.78 billion in 2020 to $1.97 billion in 2021 at a compound annual growth rate (CAGR) of 10.42%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.06 billion in 2025 at a CAGR of 11.72%.
The increasing demand for electronic devices is expected to drive innovation in thermal interface materials manufacturing, thus driving the market during the forecast period.
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The thermal interface materials market consists of sales of thermal interface materials and related services by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing and selling thermal interface materials such as thermal tapes, greases, elastomeric pads, and solders. Thermal interface materials are made from conducting materials such as metals, silicon, and metal oxides and are applied between hard surfaces for conducting heat. Thermal interface materials find their applications mainly in electronics, medical devices, and industrial machinery. Only goods and services traded between entities or sold to end consumers are included.
Global thermal interface materials market segments include:
By Type: Greases & Adhesives, Tapes & Films, Gap Fillers, Metal-Based TIMs, Phase Change Materials, Others
By Chemistry: Silicone, Epoxy, Polyimide, Others
By Application: Telecom, Computer, Medical Devices, Industrial Machinery, Consumer Durables, Automotive Electronics, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the thermal interface materials market in 2020.
Major players operating in the thermal interface materials market are focusing on developing new innovative products to expand their product portfolio, meet the requirements for various end-use industries, and maintain their position in the competitive business environment.
TBRC’s thermal interface materials market report covers:
Major Market Players: The 3M Company, Zalman Tech Co. Ltd., Wakefield-Vette Inc., Indium Corporation, The Berquist Company Inc., Momentive Performance Materials Inc., Laird Technologies Inc., DOW Corning Corporation, Parker Hannifin Corporation, Henkel AG & Co. KGAA, Fujipoly, DK Thermal Metal Circuit Technology Ltd., AI Technology, AIM Specialty Materials, AOS Thermal, Denka, Universal Science, Dymax Corporation, Ellsworth Adhesives, Enerdyne, European Thermodynamics Ltd, Inkron, Kitagawa Industries, LORD, MA Electronics, MH&W International, Minteq, Parker Chomerics, Resinlab, Schlegel Electronics Materials, and ShinEtsu.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Thermal Interface Materials Global Market Report 2021: COVID-19 Impact And Recovery to 2030 is one of a series of new reports from The Business Research Company that provides thermal interface materials market overviews, analyses and forecasts market size, share, thermal interface materials market players, thermal interface materials market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s thermal interface materials market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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