According to the latest report of the IMARC group, entitled “Thermal Interface Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027the 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 usually made up of silicone and offer a thick bond line which aims to provide efficient heat transfer while improving the performance and lifespan of electronic devices. Some of the commonly used thermal interface materials are adhesive tapes, phase change materials, potting compounds, liquid adhesives, gels, and greases.
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The global market is mainly driven by the growing demand for consumer electronic devices across the world. Along with this, the growing use of thermal interface materials in the automotive sector for manufacturing automotive electronics is creating a positive outlook for the market. Additionally, their widespread use in the manufacture of energy-efficient light-emitting diodes (LEDs) provides an additional impetus for the growth of the market. Some of the other factors contributing to the growth of the market include inflation of disposable income levels of the masses and extensive research and development (R&D) activities. Looking ahead, IMARC Group expects the global thermal interface materials market to reach US$5.03 billion by 2027 growing at a CAGR of 9.7% during the period 2022. -2027.
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Like the new coronavirus (COVID-19[feminine]) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the behaviors of the consumers of the sector in the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
Competitive landscape with key players:
- 3M Company
- Dow Inc.
- Henkel AG & Co. KGaA
- Honeywell International Inc.
- Indium Society
- Kitagawa Industries America Inc.
- Laird Technologies Inc.
- Momentive Performance Materials Inc.
- Parker-Hannifin Corporation
- Zalman Tech Co.Ltd.
Breakdown by product type:
- Tapes and Films
- Elastomeric bushings
- Greases and Adhesives
- Phase change materials
- Metal based materials
Breakdown by application:
- Medical equipement
- Industrial machinery
- Durable consumer goods
- Automotive electronics
Breakdown by region:
- North America (USA, 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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Main 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
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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