Thermal Interface Materials Market

Thermal Interface Materials Market is valued at USD 1.84 Billion in 2020 and expected to reach USD 3.77 Billion by 2027 with the CAGR of 10.80% over the forecast period.

Thermal Interface Materials Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- The factors such as increasing need for thermal management, increasing demand for faster as well as highly sophisticated electronic devices and growing need for energy efficient lighting are some of the major factors driving the market growth.

Scope of Thermal Interface Materials Market:

The material which is inserted between two components in order to enhance the thermal coupling between them is nothing but the thermal interface material. The common use of thermal interface material is heat dissipation in which this material is inserted between a heat-producing device such as integrated circuit and a heat-dissipating device such as heat sink. The electronic systems are built with wide combinations of materials such as polymers, ceramics, metals, semiconductors. So there is a need for thermal interface materials for enhancing the thermal coupling between them. By using these thermal interface materials the electronic systems are becoming hotter, faster, potable and more compact. For different target applications many thermal interface materials are used. These materials are such as thermal grease, thermal adhesive, thermal gap filler, thermally conductive pad, thermal tape, phase-change materials.

Thermal Interface Materials Market is segmented on the basis of product type, application and region & country level. On the basis of product type, the market is segmented into Silicone Grease and Non-Silicone Grease. On the basis of application, the market is segmented into LED Lighting, automotive electronics, power electronics, telecommunication & IT and others.

The regions covered in this Thermal Interface materials Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Thermal Interface materials is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Key Players for Thermal Interface Materials –

Globally Manufacturers such as Dow Corning Corporation, 3M Company, Parker-Hannifin Corporation, Wacker Chemie AG , Henkel AG & Co. KGaA ,  Lord Corporation , Electrolube , Momentive Performance Materials Inc. , Laird PLC , Shin-Etsu MicroSi, Inc, ACC Silicones, AOS Thermal Compounds, OMEGA Engineering Inc., Polymatech Japan Co., Ltd., Intertronics, Nusil Technology LLC, Microtech Components GmbH, , Aremco Products Inc., M.G. Chemicals, Novagard Solutions Inc., Dupont, Kerafol Keramische Folien GmbH, Fujipoly, Wakefield-Vette, Inc., Zalman Tech Co., Ltd. and others are contributing in the Market Growth.

News-

AOS Launched AOS Non-Silicon Heat Sink Compound.

On 2nd, January, 2018; the AOS Company launched its new product AOS Non-silicon Heat Sink Compound. This product is designed to solve the problems of combination and migration associated with silicon-based products. This Compound is unique synthetic-based thermal grease used to insure quick, efficient heat transfer and dissipation. This product has the advantage of long-term material stability it means that the compound stays put and on the job over the full operable life of hardware. The product provides features such as No creep extends OEM service life and it is compatible with metal and plastic components, has no solder bath contamination, very low bleed and evaporation, 5 year minimum shelf life, excellent thermal conductivity and thermal resistance and wide operating range. Also the product provides benefits of easy to apply, clean-up and it is safe to use.      

Growing Demand for Silicone Grease in Automotive Sector and CPUs is Driving the Market Growth.

As the automotive and CPUs products offer high lubrication and smooth functioning. According to Cleorco Products, Silicone Grease NLGI 2 meets FDA 21 CFR 175.300 requirements for use as a lubricant. Hence the growing demand for silicon grease in these products is driving the growth of the market. In addition, the simplicity of applications of greases and adhesives onto the desired surfaces is also supplementing the market growth. Along with this, the superior properties of electronic products such as elimination of microscopic air pockets are also contributing to the growth of the market. This is due to the superior thermal conductivity of greases makes the electronics manufacturing industries a preferable option. Moreover, increasing awareness for the efficient lighting systems is also augmenting the market growth. According to the UN Environment model by 2030, efficient lighting systems policy measures would reduce electricity demand for lighting to 2,160 TWh per year, saving up to 640 TWh of electricity. However, high unit costs of the products may hinder hamper the market. In spite of that, increasing technological advancements to develop more innovative products may create more opportunities for the further growth in the market.

Asia Pacific is Expected to Show a Significant Growth the Global Thermal Interface Materials Market.

Geographically, Asia Pacific is expected to show a significant growth in the global thermal interface materials market owing to the rising investment by foreign players including British firm GlaxoSmithKline (GSK), Germany’s Bayer and Swiss company Novartis in this region. In addition, growing population and rapid industrialization in this region are also supplementing the market growth. North America region is expected to capture the largest share in the global thermal interface materials market due to the region has higher population, implementation of Affordable Healthcare Act in the U.S. and also more number of healthcare units and hospitals.

 

Thermal Interface Materials Market Report Coverage

Report Analysis

Details

Years :	2019	Market Size in 2019:	US$ 1.66 Billion
Market Historical Analysis:	2015-2019	Forecast Analysis:	2020-2026
Forecast Period CAGR %:	10.8%	Market Size Expected to reach in 2026:	US$ 3.41 Billion
Pages:	200	Tables, Charts & Figures:	168
Top Companies:	Dow Corning Corporation, 3M Company, Parker-Hannifin Corporation, Wacker Chemie AG , Henkel AG & Co. KGaA ,  Lord Corporation , Electrolube , Momentive Performance Materials Inc. , Laird PLC , Shin-Etsu MicroSi, Inc, ACC Silicones, AOS Thermal Compounds, OMEGA Engineering Inc., Polymatech Japan Co., Ltd., Intertronics, Nusil Technology LLC, Microtech Components GmbH, , Aremco Products Inc., M.G. Chemicals, Novagard Solutions Inc., Dupont, Kerafol Keramische Folien GmbH, Fujipoly, Wakefield-Vette, Inc., Zalman Tech Co., Ltd.
Market Segmentation:	Product Type, Application
Regional Analysis:	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

Key Benefits for Global Thermal Interface Materials Market Report–

• Global thermal interface materials market report covers in depth historical and forecast analysis.
• Global thermal interface materials market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global thermal interface materials market report helps to identify opportunities in market place.
• Global thermal interface materials market report covers extensive analysis of emerging trends and competitive landscape.

Global Thermal Interface Materials Market Segmentation:–

By Product Type:

• Silicone Grease
• Non-Silicone Grease

By Application:

• LED Lighting
• Automotive Electronics
• Power Electronics
• Telecommunication & IT
• Others

By Regional & Country Analysis:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA