According to IMARC Group’s latest report, titled “Thermal Interface Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 2.87 Billion in 2021. Thermal interface materials are widely used to facilitate heat dissipation between two heat-producing devices. They are generally made up of silicone and offer a thick bond line that aims to provide effective heat transfer while enhancing the performance and shelf life of electronic devices. Some of the commonly utilized thermal interface materials are adhesive tapes, phase-change materials, potting compounds, liquid adhesives, and gels and greases.
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The global market is primarily driven by the rising demand for consumer electronic devices across the globe. Along with this, the increasing usage of thermal interface materials in the automotive sector for manufacturing automobile electronics is creating a positive outlook for the market. Also, their widespread utilization in the manufacturing of energy-efficient light-emitting diode (LED) is further providing an impetus to the market growth. Some of the other factors contributing to the market growth including the inflating disposable income levels of the masses and extensive research and development (R&D) activities. Looking forward, IMARC Group expects the global thermal interface materials market to reach US$ 5.03 Billion by 2027, exhibiting at a CAGR of 9.7% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- 3M Company
- Dow Inc.
- Henkel AG & Co. KGaA
- Honeywell International Inc.
- Indium Corporation
- Kitagawa Industries America Inc.
- Laird Technologies Inc.
- Momentive Performance Materials Inc.
- Parker-Hannifin Corporation
- Zalman Tech Co. Ltd.
Breakup by Product Type:
- Tapes and Films
- Elastomeric Pads
- Greases and Adhesives
- Phase Change Materials
- Metal Based Materials
Breakup by Application:
- Medical Devices
- Industrial Machinery
- Consumer Durables
- Automotive Electronics
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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