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Thermal interface material Market

Thermal Interface Material Market Size, Share & Trends Analysis Report By Chemistry (Silicone, Epoxy And Polyimide), Type (Greases & Adhesives, Taps & Films, And Gap Fillers), And Application (Computers, Telecom, Consumer, Durables, And Medical Devices), By Region, And Segment Forecasts, 2024-2031

Report ID : 1582 | Published : 2024-02-16 | Pages: 180 | Format: PDF/EXCEL

The Global Thermal Interface Material Market Size is valued at 3.71 billion in 2023 and is predicted to reach 8.61 billion by the year 2031 at an 11.28% CAGR during the forecast period for 2024-2031. 

The demand for thermal interface materials is anticipated to rise during the projected period as a result of expanding usage of electronic consumer goods like smartphones and laptops, automation in developing-nation sectors, and rising middle-class disposable income. It is well known that thermal interfaces offer effective heat management solutions needed to increase the system's overall performance and lifespan. Grease, thermal tapes, elastomeric pads, and solders are just a few of the thermal interface goods that are readily accessible on the market. 

thermal-interface-material-market

Mechanical considerations, electrical insulation, quality, heat resistance, performance, and material compatibility all play a role in the choice of materials. All parts of data centers, including switches, serve boards, supervisor modules, and power supply, use thermal interface material. 

Additionally, the rising popularity of electric vehicles helps to boost thermal interface material market revenue. TIM can preserve irritating characteristics and assist in heat dissipation when paired with low viscosity and strong thermal conductivity. In wealthy nations like the U.S., the rising use of smartphones and other smart gadgets has increased the demand for thermal interface materials. It is also anticipated that the rise in the computer sector and increased IT activities will drive demand for fast-speed networks, greater bandwidth, and improved system performance.

 Recent Developments:

  • In September 2022, Parker Hannifin Corporation introduced THERM A GAP GEL 37, a brand-new, single-component, dispensable substance. The company's product range in the TIMs market will be strengthened by the introduction of this new product.
  • In June 2020, Dow introduced the DOWSIL TC-4040 dispensable thermal pad, a new product that is a thermal interface material (TIM) that is simple to dispense, resists slumping, and offers strong thermal conductivity. This property is essential in 5G designs because they generate more heat due to higher power densities. 

Competitive Landscape: 

Some of the thermal interface material market players are: 

  • 3M
  • Aremco Products Inc.
  • Denka Company Ltd.
  • Dow
  • DuPont
  • Electrolube
  • Fujipoly - Thermal Interface Materials
  • Henkel AG & Co. KGaA
  • Honeywell International Inc.
  • Indium Corporation
  • Linseis GmbH
  • Lord Corporation
  • Master Bond Inc.
  • Momentive
  • Parker Hannifin Corp.
  • Rbc Industries
  • Schlegel Electronic Materials, Inc.
  • Semikron International Gmbh
  • Timtronics
  • Universal Science
  • Wakefield Thermal, Inc. 

Market Segmentation:

The thermal interface material market is segmented into chemistry, type, and application. Based on chemistry, the market is segmented into silicone, epoxy and polyimide. By type, the market is segmented into greases & adhesives, taps & films, and gap fillers. The market is segmented into computers, telecom, consumer, durables, and medical devices based on the applications. 

Based On Chemistry, Silicone Is Accounted As A Major Growth Segment In The Thermal Interface Material Market  

Based on chemistry, the thermal interface materials industry is divided into silicone, epoxy, polyimide, and other segments. Due to its adherence to a variety of substrates and strong thermal conductivity, silicon is the largest and is predicted to increase at the fastest rate. Silicone is utilized in a variety of thermal interface materials, including adhesives and greases, potting and encapsulant materials, thermal pads, and gap fillers. 

The Medical Devices Witness The Largest Growth At A Rapid Rate 

Based on applications, the thermal interface materials market is divided into a computer, telecom, consumer durables, medical devices, industrial equipment, automotive electronics, and other segments. The medical devices is the one that is expanding the quickest. Proper thermal management is required for the electrical equipment utilized in the medical sector. To operate constantly and effectively within their operating temperature range, electronics must be kept cool. The market for thermal interface materials is being driven by the rising usage of radiation therapy in the diagnosis and treatment of diseases, the rising demand for wearable electronics and portable medical devices, and the expanding acceptance of information technology-based smart medical devices. 

In The Region, The North America Thermal Interface Material Industry Holds A Significant Revenue Share 

The market for thermal interface materials is anticipated to be dominated by North America. There seems to be an overwhelming demand from the telecom business in the North American region as a result of the recent rise in perceptions of smartphones and data. However, it is projected that increased investments in infrastructure development and urbanization that benefit governments in booming North American economies will be beneficial for the growth of the local market. 

Besides, the Asia-Pacific is anticipated to grow more quickly throughout the projected period due to rising investment in the research & development process and acceptance of solutions in the area. In 2021, Asia Pacific held a significant share in the global market for thermal interface materials. This is due to an expanding industrial base, automation, and manufacturing activities taking place in developing nations.

Thermal interface material Market Report Scope: 

Report Attribute

Specifications

Market size value in 2023

USD 3.71 Bn

Revenue forecast in 2031

USD 8.61 Bn

Growth rate CAGR

CAGR of 11.28% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Million, Volume (Ton), and CAGR from 2023 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Chemistry, Type, And Application

Regional scope

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

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Laird Technologies Inc., DuPont, Honeywell International Inc., Henkel Corporation, Zalman, 3M, Indium Corporation, Wakefield Thermal, Inc., Parker Hannifin Corporation, Momentive

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

 

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Thermal Interface Material Market Snapshot

Chapter 4. Global Thermal Interface Material Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Greases & adhesives
5.2.2. Taps & Flims
5.2.3. Gap Fillers

Chapter 6. Market Segmentation 2: by Chemistry Estimates & Trend Analysis
6.1. by Chemistry & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Chemistry:

6.2.1. Silicone
6.2.2. Epoxy
6.2.3. Polyimide

Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis
7.1. by Application & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

7.2.1. Computers
7.2.2. Telecom
7.2.3. Consumer
7.2.4. Durables
7.2.5. Medical devices

Chapter 8. Thermal Interface Material Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2024-2031
8.1.2. North America Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Chemistry, 2024-2031
8.1.3. North America Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2024-2031
8.1.4. North America Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2024-2031

8.2. Europe

8.2.1. Europe Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2024-2031
8.2.2. Europe Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Chemistry, 2024-2031
8.2.3. Europe Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2024-2031
8.2.4. Europe Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2024-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2024-2031
8.3.2. Asia Pacific Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Chemistry, 2024-2031
8.3.3. Asia-Pacific Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2024-2031
8.3.4. Asia Pacific Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2024-2031

8.4. Latin America

8.4.1. Latin America Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2024-2031
8.4.2. Latin America Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Chemistry, 2024-2031
8.4.3. Latin America Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2024-2031
8.4.4. Latin America Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2024-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2024-2031
8.5.2. Middle East & Africa Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Chemistry, 2024-2031
8.5.3. Middle East & Africa Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2024-2031
8.5.4. Middle East & Africa Thermal Interface Material Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2024-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles


9.2.1. 3M
9.2.2. Aremco Products Inc.
9.2.3. Denka Company Ltd.
9.2.4. Dow
9.2.5. DuPont
9.2.6. Electrolube
9.2.7. Fujipoly - Thermal Interface Materials
9.2.8. Henkel AG & Co. KGaA
9.2.9. Honeywell International Inc.
9.2.10. Indium Corporation
9.2.11. Linseis GmbH
9.2.12. Lord Corporation
9.2.13. Master Bond Inc.
9.2.14. Momentive
9.2.15. Parker Hannifin Corp.
9.2.16. Rbc Industries
9.2.17. Schlegel Electronic Materials, Inc.
9.2.18. Semikron International Gmbh
9.2.19. Timtronics
9.2.20. Universal Science
9.2.21. Wakefield Thermal, Inc.
9.2.22. Other Prominent Players

Segmentation of Thermal Interface Material Market-

Thermal Interface Material Market By Chemistry-

  • Silicone
  • Epoxy
  • Polyimide

thermal-interface-material-market

Thermal Interface Material Market By Type-

  • Greases & adhesives
  • Taps & Flims
  • Gap Fillers

Thermal Interface Material Market By Application-

  • Computers
  • Telecom
  • Consumer
  • Durables
  • Medical devices

Thermal Interface Material Market 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
  • Southeast 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

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Thermal interface material Market ?

Thermal interface material Market expected to grow at 11.28% CAGR during the forecast period for 2024-2031

Laird Technologies Inc., DuPont, Honeywell International Inc., Henkel Corporation, Zalman, 3M, Indium Corporation, Wakefield Thermal, Inc., Parker Han

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