Global Thermal Interface Materials Market to Grow at a (CAGR) of 10.2% during the Forecast Period 2022-2030


Sep-2022 | Chemicals & Materials

As specified in our exclusive report, the global thermal interface materials market is projected to reach USD 46.03 billion by 2030.

What are Thermal Interface Materials?

Thermal interface materials (TIMs) are considered an important part of any efficient thermal management system. Their job is to transfer heat between two or more solid surfaces. Today, thermal interface materials include a range of products, including gap fillers, phase change materials, and thermal greases. There are also less compliant materials, such as adhesive films, thermally conductive hardware, and thermal rubber pads.

What are the Impacting Factors?

Increasing demand for new as well as replacement TIM in data centers is propelling the thermal interface materials market. TIM is used in all components of data centers including serve boards, switches, supervisor modules, and power supplies. In terms of revenue, the increasing popularity of electric vehicles is contributing to market growth.

The rise in demand for high-speed connectivity and the emergence of 5G is expected to accelerate the demand for thermal interface materials. Associated high data rates cause heating problems in storage systems and cloud servers. Furthermore, the increasing demand for lighter, thinner, and faster devices is making the circuitry within the devices denser, thus increasing the potential for thermal issues and the use of 5G mobile devices is expected to exacerbate these issues.

Development of Thermal Interface Materials Market:

In January 2022, 3M expanded its operations; it invested approximately $470 million and added about 600 new jobs by 2025 at its plant in Clinton, Tennessee.

In June 2022, Dow Corning Corporation launched a new TIM, the DOWSIL TC-4040. This gap filler is easy to remove, has high thermal conductivity, and resists meltdown. This new product launch will help the company to remain in the competitive TIMs market.

APAC is the rapidly growing market for the thermal interface materials industry. Key players/companies expanding their operations in the Asia-Pacific region to meet the growing demand for thermal interface materials. The fastest growing economies like India, Japan, and China are major opportunities and markets for companies.

Some of the key players in the thermal interface materials market are:

Dow Corning Company, the 3M Company, Honeywell International, Inc., Parker Chomerics, Indium Corporation, Henkel AG & Co, KGaA, Momentive Performance Materials, Inc., GrafTech International Ltd., Laird Technologies, Inc., Fuji Polymer Industries Co., Ltd., AIM Specialty Materials, Shin-Etsu Chemical Co. Ltd., Wakefield-Vette, Inc., DK Thermal, AOS Thermal Compounds LLC, SEMIKRON.

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