Thermal Interface Materials Market Size, Growth Rate, trends, Key drivers, Challenges to Market Growth, Key Vendors Forecast till 2028

Summary: Thermal greases helps maximizing the heat transfer between the interface areas as it removes the air gaps and voids.
Thermal Interface Materials Market: Introduction

Thermal interface materials (TIMs) are described as materials with high thermal conductivity, and act as an interface medium for dissipating heat generated from a heat source to the sink. Thermal interface materials are used in form of a secondary thermal conductive material by substituting the thermally insulating air and voids between the surfaces. The dissipation of heat is crucial in order to maintain longevity and reliability of semiconductor and electronic devices. Hence, thermal interface materials plays a significant role in the electronics industry owing to their efficient heat transferring property. They are widely used for enhancing the heat transfer in electronic components such as, CPU, hard disks, graphic cards, chipsets, LED, microprocessors, IC packaging etc. Several type of materials are used as thermal interface materials. However, among all materials, thermal greases are the most preferred owing to their higher flowability and ability to be used over a wide range of surface roughness. Thermal greases helps maximizing the heat transfer between the interface areas as it removes the air gaps and voids. Further, over past few years metal based thermal interface materials is also gaining traction owing to high thermal conductivity compared to other materials.

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Thermal Interface Materials Market: Market Dynamics

The global thermal interface materials market is expected to expand at a significant growth over the next few years. The growth of the market is primarily driven owing to advancement of technology, increasing utilization of internet of things (IoT) and rising demand for sophisticated electronics across various industries. Further, in sync with global trend of sustainability, automotive manufacturers are increasing preference towards electronic vehicle in order to reduce energy consumption and greenhouse gas emissions, which in turn can drive the demand for thermal interface materials. Moreover, with the increasing trend of automation, industries are incorporating more and more electrical and electronic devices, hence thermal management has become more and more important, which is another key factor for the growth in demand of thermal interface materials in the near future. The global thermal interface market is also set to benefit from rapid population growth and increasing urbanization along with increasing disposable income which is driving the growth of consumer electronics. Furthermore, advancement in the medical industry is also expected to support the growth of the global thermal interface materials market. Manufacturers are continuously investing in research and development of lightweight, efficient and higher conductive materials in order to gain traction in the market.

Thermal Interface Materials Market: Segmentation

On the basis of base material, the global thermal interface materials market can be categorized as:

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

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On the basis of end-use industry, the global thermal interface materials market can be categorized as:

• Telecom
• Computers (IT/Enterprise)
• Medical Device
• Consumer Electronics
• Automotive Electronics
• Medical Devices
• Other Industrial

Thermal Interface Materials Market: Regional Outlook

Global thermal interface materials market by region is segmented into North America, Latin America, Eastern Europe, Western Europe, South East Asia & Pacific (SEAPAC), China, Japan and MEA. South East Asia & Pacific is expected to be among the most lucrative region for the growth of thermal interface materials market. Factors such as rising disposable income coupled with rapid economic development and increasing penetration of telecom and electronic devices are expected to have positive influence on the growth of market in the next few years. Countries such as India, Japan, South Korea and Indonesia are expected to witness significant increase in demand for thermal interface materials in the region owing to growth of electronic and telecom industry. China with the leading electronic industry and being the automobile manufacturing hub holds significant share in the global thermal interface materials market and is set to witness significant growth over the forecast period. North America thermal interface materials market is expected to witness steady growth over the forecast period on the account of robust manufacturing base and rapid growth of automotive industry in U.S. Latin America is expected to be relative smaller market for thermal interface materials however, witnessing significant growth rate.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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