Thermal Interface Materials Market Insights | Top Key Players - Parker Hannifin Corp, 3M, Indium Corporation, Laird Technologies, Henkel AG & Co. KGaA, Honeywell International Inc, ZALMAN TECH CO LTD, Fujipoly, Kitagawa Industries, Honeywell International
The liquid thermal interface materials were originally designed for the automotive industry and the need for use highly automated production lines. These thermal interface materials have been used for over a decade in some of the most demanding electronic products on the market. Because of their success there, the demand for liquid thermal interface materials is rapidly rising in all of the electronic industry, as they assist in reducing the overall cost of manufacturing while increasing the thermal performance of assemblies.
The growth of liquid thermal interface materials solutions, are the advantages a dispensed material has in a highly automated assembly process. Many of these products have been created with efficient-dispensing as a key product characteristic. The cure-in-place versions of liquid thermal interface materials, when put under pressure in the dispensing system, will drop in viscosity and enable the material to be dispensed quickly. Since these liquid thermal interface materials can be dispensed to fill just about any dimension, they can often displace several different thermal interface materials used within the module. The liquid thermal interface materials can be used in both of these applications, and reduce the overall part count within the module.
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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.
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.
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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.
Thermal Interface Materials Market: Key Participants
Examples of some of the market participants operating in the global thermal interface materials market are as follows:
Parker Hannifin Corp
Henkel AG & Co. KGaA
Honeywell International Inc
ZALMAN TECH CO LTD
Momentive Performance Materials Inc.
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This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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