Published: Sep-2022|  Format: PDF | MBI Research |  Number of pages: 140 | Code: MBI-3927636

Thermal Interface Materials Market Size, Share, Growth & Demand Analysis Report by Product Type (Tapes & Films, Elastomeric Pads, Greases & Adhesives, Phase Change Materials, Metal Based, and Others) By Application (Telecom, Computer, Medical Devices, Industry Machinery, Automotive Electronics, and Others) Forecast Report 2022-2030

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Market Overview:

The global thermal interface materials market size was valued at USD 285.92 billion in 2021 and is projected to register a valuation of USD 46.03 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 10.2% over the forecast period 2022-2030.

Market Introduction:

Rapidly increasing demand in the shape of electronic components and the growing LED industry will mainly contribute to the growth of the market during the study period.

Thermal interface materials are typically applied between two components or hard surfaces for conducting and enhancing thermal coupling and heat flow. They are generally used by electronic assemblers in practically every application where heat flow is an important component of functioning. The increasing applications in the electronic industry as well as the commercial availability of various thermal interface materials are anticipated to increase penetration in the near future.

The global thermal interface materials market will also witness substantial growth owing to the ever-increasing range of new launches in the consumer electronics sector. Furthermore, the global market will also benefit from rising disposable income and rising demand for cutting-edge technology.

Covid-19 Impact Analysis by Market Business Insights:

The outbreak of COVID-19 and the subsequent extent of lockdown have impacted the thermal interface materials market globally. As the Covid-19 crisis continues, many global industrial manufacturing companies are facing challenging times including production shutdowns, transportation, supply chain disruptions, cost increases, and workforce disruptions, which negatively affect the thermal interface materials industry in terms of revenue.

The industry experienced significant losses due to certain factors. First and a major decline in demand for consumer electronics. Apart from this, the industry players also had to stop the R&D activities to prevent any spread of the virus.

What are the Global Thermal Interface Materials Market Drivers?

The increasing deployment of thermal interface materials and the rising trend of wearable electronics will also propel the global thermal interface materials market. The global market will benefit from the growing demand for these technologies. Moreover, the trend of electrical equipment miniaturization in the coming years will drive the growth of the worldwide market.

The market demand for thermal interface materials has shown strong growth in recent years, and the trend is likely to continue in the coming years, mainly due to the increasing demand for miniaturization and automation of electronic devices, including medical devices.

Who are the Major Companies in the Global Thermal Interface Materials Market?

  • 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

Global Thermal Interface Materials Market Segmentation:

The Global thermal interface materials market is segmented by orbit type, application, end-user, and region. By product type Tapes & Films, Elastomeric Pads, Greases & Adhesives, Phase Change Materials, Metal Based, and Others. By application Telecom, Computer, Medical Devices, Industry Machinery, Automotive Electronics, and Others. By region Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

By Product:

Thermal greases and adhesives led the market in 2021, owing to their widespread usage in high thermal resistance and consumer products.

Due to their easy handling and installation techniques used for thermal conductivity in electrical and electronic components, elastomeric pads are expected to register significant growth during the forecast period.

  • Tapes & Films
  • Elastomeric Pads
  • Greases & Adhesives
  • Phase Change Materials
  • Metal Based
  • Others

By Application:

The computer and medical devices segment led the market in 2021, on account of rising use in end-use.

With the increasing preference for a digital and cashless economy, the telecom segment is expected to register significant growth during the forecast period.

  • Telecom
  • Computer
  • Medical Devices
  • Industry Machinery
  • Automotive Electronics
  • Others

Regional Analysis by Market Business Insights:

The global thermal interface materials market is categorized into regions such as Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

The Asia Pacific will witness rapid growth in the market.

The Asia-Pacific market is anticipated to emerge as the largest market owing to the increasing contribution from emerging economies such as China, Japan, and India.

On the other hand, North America also rapidly growing due to the high penetration of smartphones and data in recent times, the U.S. market for the telecommunications industry. There is clearly a high demand for thermal interface materials at the present time. In order to achieve higher and faster network speeds, and compete to issue unique content calls for higher bandwidth, system performance must be optimized.

Report Coverage:

Market Segmentation:

By Product Type

  • Tapes & Films
  • Elastomeric Pads
  • Greases & Adhesives
  • Phase Change Materials
  • Metal Based
  • Others

By Application

  • Telecom
  • Computer
  • Medical Devices
  • Industry Machinery
  • Automotive Electronics
  • Others

By Region

North America

  • The US
  • Canada
  • Mexico

Europe

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Middle East & Africa

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa



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