Thermal Interface Materials (TIM) Market to Develop at CAGR of 10.5% During Forecast Period, Notes Emergen Research Study
The global Thermal Interface Materials (TIM) market size is expected to reach USD 7.67 Billion in 2030 and register a revenue CAGR of 10.5% over the forecast period, according to the latest analysis by Emergen Research. Rising demand for miniaturized electronic devices and increase in reliance of customers on consumer electronics devices is driving market revenue growth.
Rising demand for miniaturized electronic devices having high-end processors with enhanced processing capacity is driving revenue growth of the market. TIM with high thermal conductivity is beneficial in dissipating heat generated in devices, and allows optimum operational efficiency. Currently, TIM finds wide usage in IC electronic component packaging.
Factors influencing the growth of the Thermal Interface Materials market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Thermal Interface Materials market. The report discusses in detail the positive and negative impact of the pandemic on the Thermal Interface Materials industry. The supply chain disruptions and economic volatility have altered the dynamics of the Thermal Interface Materials industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Some Key Highlights from the Report
- In February 2020, Henkel expanded its thermal interface materials portfolio with the launch of high thermal conductivity BERGQUIST GAP PADs for high power applications. BERGQUIST GAP PAD TGP 10000ULM is a formulation, which offers exceptional thermal conductivity of 10.0 W/m-K within low assembly stress formulation and ultra-low modulus.
- Phase change materials maintain a consistent temperature at its melting point while undergoing solid to liquid transition, enabling the material to offer exceptional temperature control between surfaces. Phase change materials find usage in construction as demand for cooler and environment friendly building is growing. TIM acts as a heat storage where heat is absorbed in summer and used in winter to manage temperature difference.
- Silicone segment accounted for largest revenue share in 2020 due to superior properties such as vibration shock resistance, resistance to chemicals, temperature variation stability, and stability to mechanical stress. These factors are driving revenue growth of the silicone segment.
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The Thermal Interface Materials research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
The key companies studied in the Thermal Interface Materials report are:
Parker Hannifin Corporation, Indium Corporation, Dow Inc., 3M Company, Wakefield Thermal, Inc., DuPont De Nemours, Inc, Henkel AG Co. KGaA, Fujipoly, Momentive, and Honeywell International Inc.
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Regional Segmentation
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.
Emergen Research has segmented the global thermal interface materials market on the basis of product type, material, application, distribution channel, and region:
- Product Type Outlook (Revenue, USD Billion; 2018–2030)
- Greases Adhesives
- Tapes Films
- Gap Fillers
- Phase Change Materials
- Metal-Based Thermal Interface Materials
- Others
- Material Outlook (Revenue, USD Billion; 2018–2030)
- Silicone
- Epoxy
- Polyimide
- Others
- Application Outlook (Revenue, USD Billion; 2018–2030)
- Computers
- Telecom
- Consumer Durables
- Automotive Electronics
- Medical Devices
- Industrial Machinery
- Others
- Distribution Channel Outlook (Revenue, USD Billion; 2018–2030)
- Online
- Offline
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The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Thermal Interface Materials market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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