The Thermal Interface Materials Market Size was valued at USD 3.4 billion in 2022 and is expected to reach USD 7.4 billion by 2030, and grow at a CAGR of 10.2% over the forecast period 2023-2030.
Thermal Interface Materials (TIM) are not glamorous, but they are frequently used in a variety of electronic and energy storage applications. They are, indeed, all-encompassing. In terms of suppliers, material options, deposition techniques, applications, market requirements, and performance levels, they are truly a diverse technology. As a result, analysing them is challenging. The Thermal Interface Materials Market is expanding due to the rapid miniaturisation of electronic devices, the expansion of the Infrared LED market, and the increased use of TIMS in medical devices. The demand for phase change materials is expected to skyrocket during the forecast period.
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Drivers:
Increasing demand for electronic devices.
Growing LED market
Teleconferencing and remote working are becoming increasingly popular.
Restraints:
Less availability of the raw materials.
Due to pandemic lack of transportation and labour.
Opportunity:
The use of nanodiamonds.
High importance of electric vehicle
Challenge:
Number of raw materials.
Increase in the cost-effectiveness
The pandemic's spread has caused widespread devastation in the year 2020. Many governments had imposed a lockdown to prevent the spread of the pandemic, resulting in economic losses in many countries. The government also intends to distribute the vaccine throughout the world in order to protect people from the pandemic. In comparison to other markets, the Thermal Interface Materials Market has experienced less loss. Electronic devices and the usage of TIMS in medical devices are two of the primary drivers of demand in the Thermal Interface Materials Market.
By Material Type
Tapes and films
Elastomeric pads
Greases and adhesives
Phase change materials
Metal-based materials
By Application
Telecommunication
Computer
Medical devices
Industrial machinery
Consumer durables
Automotive electronics
Others
By Chemistry
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North America is the market leader in Thermal Interface Materials. This is owing to the telecommunications and information technology sectors' expansion of the thermal interface. This growth in the Thermal Interface Materials Industry in North America is due to countries such as the United States, Canada, and Mexico. People are also realising the importance of thermal interfaces in their smartphones. As a result, the demand for thermal interfaces has increased in recent days.
The Thermal Interface Materials Industry is rapidly expanding in the Asia Pacific region. The Asia Pacific region is predicted to grow during the forecast period. This is due to the key players' desire to capture the attention of the Asian people.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Parker chomerics, Henkel corporation, Indium corporation, Momentive performance materials Inc, Dow Corning, Zalman tech corporation limited, Bergquist company, Laird technologies.
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 3.4 Billion |
Market Size by 2030 | US$ 7.4 Billion |
CAGR | CAGR of 10.2% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By material type (Tapes and films, Elastomeric pads, Greases and adhesives, Phase change materials, Metal-based materials) • By application (Telecommunication, Computer, Medical devices, Industrial machinery, Consumer durables, Automotive electronics, Others) Based on Chemistry (Silicone, Epoxy, Polyimide) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Parker chomerics, Henkel corporation, Indium corporation, Momentive performance materials Inc, Dow Corning, Zalman tech corporation limited, Bergquist company, Laird technologies, |
DRIVERS | • Increasing demand for electronic devices. • Growing LED market • Teleconferencing and remote working are becoming increasingly popular. |
Restraints | • Less availability of the raw materials. • Due to pandemic lack of transportation and labour. |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Telecommunication, Computer, Medical devices, Industrial machinery, Consumer durables, Automotive electronics and Others are the sub-segments of by application segment.
Ans: The pandemic's spread has caused widespread devastation in the year 2020. Many governments had imposed a lockdown to prevent the spread of the pandemic, resulting in economic losses in many countries. The government also intends to distribute the vaccine throughout the world in order to protect people from the pandemic. In comparison to other markets, the Thermal Interface Materials Market has experienced less loss. Electronic devices and the usage of TIMS in medical devices are two of the primary drivers of demand in the Thermal Interface Materials Market.
Ans: Increasing demand for electronic devices, Growing LED market and Teleconferencing and remote working are becoming increasingly popular are the drivers for Thermal Interface Materials Market.
Ans: Thermal Interface Materials Market Size was valued at USD 3.1 billion in 2021, and expected to reach USD 6.30 billion by 2028, and grow at a CAGR of 10.2 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Thermal Interface Materials Market Segment, By material type
8.1 Tapes and films
8.2 Elastomeric pads
8.3 Greases and adhesives
8.4 Phase change materials
8.5 Metal-based materials
9. Thermal Interface Materials Market Segment, By application
9.1 Telecommunication
9.2Computer
9.3 Medical devices
9.4 Industrial machinery
9.5 Consumer durables
9.6 Automotive electronics
9.7 Others
10. Thermal Interface Materials Market Segment, Based on Chemistry
10.1 Silicone
10.2 Epoxy
10.3 Polyimide
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Poland
11.3.1.2 Romania
11.3.1.3 Hungary
11.3.1.4 Turkey
11.3.1.5 Rest of Eastern Europe
11.3.2 Western Europe
11.3.2.1 Germany
11.3.2.2 France
11.3.2.3 UK
11.3.2.4 Italy
11.3.2.4 Spain
11.3.2.5 Netherlands
11.3.2.6 Switzerland
11.3.2.7 Austria
11.3.2.8 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Vietnam
11.4.6 Singapore
11.4.7 Australia
11.4.8 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Middle East
11.5.1.1 UAE
11.5.1.2 Egypt
11.5.1.3 Saudi Arabia,
11.5.1.4 Qatar
11.5.1.5 Rest of Middle East
11.5.2 Africa
11.5.2.1 Nigeria
11.5.2.2 South Africa
11.5.2.3 Rest of Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Colombia
11.6.3 Rest of Latin America
12. Company Profile
12.1 Henkel corporation
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS view
12.2 Bergquist company
12.3 Indium corporation
12.4 Parker chomerics
12.5 Dow Corning
12.6 Laird technologies
12.7 Momentive performance materials Inc
12.8 Zalman tech corporation limited
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquistions
14. Use Cases & Best Practices
14. Conclusion
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