Adroit Market Research published a study titled, “Global Thermal Interface Materials Market Size 2018 By Product (Greases & Adhesives, Elastomeric Pads, Tapes & Films, Metal-Based, and Phase Change Materials), by Application (Computer, Telecom, Automotive Electronics, Consumer Durables, Medical Devices, and Industrial Machinery), By Region and Forecast 2019 to 2025”
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Previously in 2018, the global thermal interface materials market was valued at USD 1.53 million and estimated to project the value of 3.57 million, registering a CAGR of 11% during the forecast period.
The thermal interface materials are generally used in the electronics industry as a maximum amount of heat must be dissipated from the semiconductor device junction to the environment. As it plays a major role in the consumer electronics, thermal interface materials come up with a wide range of applications in helping to manage temperature fluctuations.
According to the geographic perspective, Asia Pacific is anticipated to remain forefront of the global demand for consumer electronics. Moreover, the demand is also speeding up the graph due to the increase in penetration of the internet in developing countries. There is a crucial movement taking place as the maximum devices able to support digital media and increasing the speed of internet access have provided an option to the consumers to access media content, increasing the demand for lager displays such as laptops, and tablets, which are however anticipated to increase consumption in the electronics industry. It has been reported that the electronics industry will speed up and drive the global thermal interface materials market size during the forecast period.
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The growing demand for thermal interface materials industry attributed to the increasing automotive manufacturing base in the region, and increasing demand for electric vehicles. China holds the largest automotive manufacturing country.
The global thermal interface materials industry is segmented into product overview, application overview, and regional overview. Based on the product overview, the global thermal interface materials market is categorized by tapes & films, elastomeric pads, greases & adhesives, phase change materials, and metal-based. Moreover, on the basis of application overview, the global thermal interface materials market is fragmented into telecom, computer, medical devices, industrial machinery, consumer durables, and automotive electronics.
Discussing the regional overview, the global thermal interface materials market is widely range to North America, U.S., Canada, Europe, France, Germany, UK, Rest of Europe, Asia Pacific, India, Japan, China, Rest of APAC, and Latin America Brazil, Rest of Latin America, Middle East and Africa, Saudi Arabia, Rest of Middle East and Africa.
Leading players of the global thermal interface material industry include Wakefield-Vette, Indium Corporation, DK Thermal Metal Circuit Technology Ltd., SEMIKRON, Inc., Parker Hannifin, Honeywell International Inc., Henkel AG & Company KGaA, 3M, and Dow Corning.
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Key segments of the global thermal interface materials market
Product Overview, 2015-2025 (USD Million)
Application Overview, 2015-2025 (USD Million)
Regional Overview, 2015-2025 (USD Million)
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