Global Thermal Interface Material Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

The Thermal Interface Material Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2031.

The Thermal Interface Material Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global thermal interface material market report has been segmented on the basis of product type, application, and region.

Thermal Interface Material Market Overview:

“The Thermal Interface Material Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Thermal interface materials are thermally conductive materials, that are applied to increase the thermal conductance of jointed solid surface. Thermal interface material is used between microprocessors and heatsinks to increase thermal transfer efficiency. These gaps are normally filled with air which is a very poor conductor.

On the basis of product type, the grease & adhesives segment in the global thermal interface material is estimated to hold a major revenue share and is expected to maintain its dominance over the forecast period.

The low cost and high thermal conductivity properties of grease & adhesives are expected to drive market growth. Moreover, the growing demand for silicone grease in automotive and computer components is anticipated to fuel market growth over the forecast period.

On the basis of application, the computer application segment is estimated to hold a major revenue share in the global thermal interface material market over the forecast period.

Growing demand for computer components such as graphic cards, chipsets, CPUs, and hard disks is expected to propel market growth over the forecast period.

Asia Pacific market is estimated to hold a significant revenue share in the global thermal interface material market, in 2017 and is expected to maintain its dominance over the forecast period.

The presence of a large number of thermal interface material manufacturers in the region is expected to fuel market growth over the forecast period. The Asia Pacific accounts for the largest revenue share contribution to the target market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively.

Growing demand for automobiles in emerging economies such as China, India, and Indonesia, owing to the rising disposable income of the people in the region is anticipated to boost market growth over the forecast period.

The growing telecom sector in India coupled with government initiatives such as Make in India which promotes foreign investments is anticipated to propel market growth over the forecast period.      

Market segmentation and key players operating in the global thermal interface material market:

By product type:

• Greases & adhesives
• Tapes & films
• Elastomeric pads
• Metal-based
• Phase change materials
• Others (Gap fillers, Insulating hardware, Thermal tapes, and Thermal epoxy)

By application:

• Medical devices
• Telecom
• Computer
• Consumer durable
• Automotive electronics
• Industrial electronics

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa