Thermal Interface Materials Market
The Thermal Interface Materials Market is projected to grow at a significant CAGR during the forecast period (2020-2027).
The factors driving the growth of Thermal Interface Materials Market includes increasing application of thermal interface materials in end-use industries such as telecom, consumer durables, automotive electronics and computers and growing demand for smart phones and medical devices across the world. According to the report published by the Institute of Companies Secretaries of India, the Consumer Durables Market in India was valued at USD 15 billion on May 2017 and is predicted to reach US$ 20.6 billion by 2020, which will boost the demand for thermal interface materials in the approaching years. Moreover, increasing automation in automobile industry and development of advanced computing techniques, are some of the additional factors supplementing the Thermal Interface Materials Market size. In addition, increasing working class population and the expansion of power sector, are further pushing the market’s growth.
However, the growth of Thermal Interface Materials Market is hindered due to variations in the prices of raw materials, for instance, the grade gasoline prices in the United States varied from USD 2.7 to USD 3.2 gallons between 2000-2019.
The major players operating in the market are PARKER HANNIFICN CORPORATION, Laird, Momentive, Dow, 3M, Henkel Adhesives Technologies India Private Limited, Honeywell International Inc., Indium Corporation, and ZALMAN, among others.
Type – Segment Analysis
According to Thermal Interface Materials Market Global Forecast, the adhesives and greases segment is anticipated to capture the highest market share during the forecast period. The adhesives help to bond low surface energy plastics, protects from corrosion along with increasing application of greases and adhesives in healthcare and consumer electronics, are the key factors propelling the segment’s growth.
End-Use Industry – Segment Analysis
Based on end-use industry, the consumer electronics segment is predicted to lead the market over the forecast period attributed to increasing investments by leading players for developing advanced thermal interface materials, which can be used in computers.
Regional – Segment Analysis
Based on region, the Asia Pacific region is expected to capture the largest share in the market during the forecast period. High population density, growing penetration of smart phones, rising disposable incomes and rapid industrialization, are some of the important factors influencing the market growth in Asia-Pacific region.
Market Segmentation
Global Thermal Interface Materials Market by Type
Adhesives and greases
Tapes & films
Gap fillers
Metal Based Thermal Interface Materials
Phase Change Materials
Others
Global Thermal Interface Materials Market by Chemistry
Silicon
Epoxy
Polymide
Others
Global Thermal Interface Materials Market by End-Use Industry
Consumer Electronics
Telecom
Healthcare
Automotive
Heavy Industry
Consumer Durables
Others
Global Thermal Interface Materials Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com