Thermal Interface Materials Market Share, Size, Structure, Demands, Challenges and Opportunities by 2022-2027
According to IMARC Group’s latest report, titled “Thermal Interface Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 2.87 Billion in 2021. Thermal interface materials (TIMs) are utilized to facilitate the dissipation and transfer of heat in electronic devices. They assist in increasing thermal conductivity, filling spaces between the mating surfaces and addressing both heat transfer and mechanical fixation problems. As a result, they are widely utilized in the manufacturing of semiconductor packages, automobile components, and power electronics across the globe.
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Significantly increasing demand for efficient electronic devices represents one of the primary factors fueling the growth of the market. Apart from this, TIMs are extensively used in the production of portable, compact, energy-efficient light-emitting diodes (LEDs). They are also employed in electronics like music systems and interior automation components for minimizing energy consumption and greenhouse gas (GHG) emissions. Other major factors, including the rising need for seamless connectivity, numerous technological advancements like the development of nano diamonds and the growing popularity of the Internet of Things (IoT), are anticipated to drive the market further. Looking forward, IMARC Group expects the global thermal interface materials market to reach US$ 5.03 Billion by 2027, exhibiting at a CAGR of 9.7% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- 3M Company
- Dow Inc.
- Henkel AG & Co. KGaA
- Honeywell International Inc.
- Indium Corporation
- Kitagawa Industries America Inc.
- Laird Technologies Inc.
- Momentive Performance Materials Inc.
- Parker-Hannifin Corporation
- Zalman Tech Co. Ltd.
IMARC Group provides an analysis of the key trends in each sub-segment of the global thermal interface materials market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and application.
- Tapes and Films
- Elastomeric Pads
- Greases and Adhesives
- Phase Change Materials
- Metal Based Materials
Based on the product type, the market has been segmented into tapes and films, elastomeric pads, greases and adhesives, phase change materials, metal-based materials, and others. At present, greases and adhesives hold the largest market share.
- Medical Devices
- Industrial Machinery
- Consumer Durables
- Automotive Electronics
On the basis of the application, the market has been classified into telecom, computer, medical devices, industrial machinery, consumer durables, automotive electronics, and others. Presently, computers account for the majority of the total market share.
- North America
- United States
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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