Press release
Liquid Thermal Interface Materials Market Share, Trends, Business Strategy and Forecast to 2028 || Key Players: 3M, Indium Corporation, DowDuPont, Laird Technology, Boyd Corporation, Shin-Etsu Chemical Ltd., Parker Hannifin Corp, and Marian Inc.
According to a recent study by Fact.MR, demand for liquid thermal interface materials is estimated to grow at 4.5% in 2019 over 2018. Gains are likely to be driven by development of novel liquid thermal interface materials and their widespread adoption in electrical and automotive industries.
Growing demand for wearable technology such as smartwatches and virtual reality headsets is also likely to fuel the demand for small-sized electronic components which, in turn, is estimated to benefit the liquid thermal interface materials market. Additionally, burgeoning demand for compact high-performance processors in smartphones is further estimated to bolster liquid thermal interface material market growth.
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According to the study, as adoption of artificial intelligence and machine learning technology grows, the demand for high-performance computing solutions is on the rise. With consumers increasingly preferring compact high-processing laptops and PCs, integrated circuit manufacturers are focusing on the production of high-density circuits with smaller sizes. Demand for high-performance computing continues to surge with incremental growth in the sales of high-performance gaming laptops and Alienware.
Adoption in Electric Vehicles (EV) Creating New Opportunities
Electric vehicles are finding widespread adoption across the world as regulatory authorities continue to promote the eco-friendly alternative over their fossil fuel-powered counterparts. Demand for lithium-ion batteries to power electric vehicles continues to rise owing to its high energy density. However, large scale adoption of lithium-ion batteries is restrained due to the absence of efficient thermal management systems for dissipating the heat that is produced during charging or discharging of the vehicle which can consequently result in accidents and reduce the life of the battery.
The report on liquid thermal interface materials market segments the liquid thermal interface materials market on the basis of product type, application, and region.
On the basis of product type, the liquid thermal interface materials market can be segmented into thermal adhesive fluids, thermal greases, and thermal liquid metals.
Based on the application, the liquid thermal interface materials market can be segmented into computers, communication devices, medical devices, consumer electronics, automotive electronics, and others.
Europe Remains the Largest Market for Liquid Thermal Interface Materials
According to Fact.MR’s research, Europe is expected to remain at the forefront of liquid thermal interface material market growth. Burgeoning investments in the electric vehicle market, coupled with numerous initiatives popularizing the adoption of the eco-friendly alternatives are likely to present lucrative opportunities for liquid thermal interface material manufacturers with thermal management occupying the primal focus of electric vehicle battery manufacturers.
Sales of Liquid Thermal Interface Materials to Slacken as Manufacturers Venture into Liquid Cooling Systems Production
Liquid cooling systems or immersion cooling systems are gradually replacing thermal interface materials in an array of industries. While the liquid cooling system was traditionally used in data centers, innovations in the system are allowing the use of the system in electronic and automotive applications. The thermal management system offers an assortment of benefits such as temperature uniformity, better heat transfer, improved energy density in batteries, and fire suppression making it a lucrative technology for the automotive industry. Further, the system is being integrated into high-performance smartphones to prevent them from heating. The technology is also being used as a cooling mechanism in computers and laptops. Growing awareness about the benefits of the system in the automotive and electronics industry presents lucrative opportunities for thermal interface manufacturers who are slowly foraying into the production of liquid cooling systems to capitalize on the growing demand. For instance, 3M, a leader in the liquid thermal interface materials market recently showcased a unique computer which uses a liquid cooling system.
Additional Questions Answered:
Apart from the aforementioned insights about the liquid thermal interface materials market, the report answers the following vital questions about the liquid thermal interface materials market:
Which region accounted for the bulk of the liquid thermal interface materials market share in 2018?
What product type will be the most in demand in the liquid thermal interface materials market in 2019?
Based on the application, what segment will hold a significant share of the liquid thermal interface materials market?
What are the lucrative opportunities on offer in the liquid thermal interface materials market?
What are the challenges that the liquid thermal interface materials market is facing?
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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