Thermal Interface Materials Market: Huge Growth to be Witnessed in Revenue by 2028 - Exclusive Forecast Report by Stratagem Market Insights

Seattle, United States: According to a recent market research study "Thermal Interface Materials Market By Type (Greases & Adhesives, Tapes & Films, Gap Fillers, Metal-Based TIMs, Phase Change Materials, Others (Elastomeric Pads/Insulators and Thermal Compounds)), By Application (Computers, Telecom, Consumer Durables, Medical Devices, Industrial Machinery, Automotive Electronics, Others (Military & Aerospace and Office Equipment)), and By Region (North America, Asia-pacific, Europe, Latin America, the Middle East, and Africa) - Global Growth, Trends, and Forecast to 2028", published by Stratagem Market Insights, The Thermal Interface Materials market rise in demand from emerging economies and the growth of the organized industry sector create growth opportunities for the market.

📌 Segmentation by Type:

The type segment contributed the largest share to the global Thermal Interface Materials market in 2021; this segment is projected to grow at the highest CAGR from 2022 to 2028.

✤ Greases & Adhesives
✤ Tapes & Films
✤ Gap Fillers
✤ Metal-Based TIMs
✤ Phase Change Materials
✤ Others (Elastomeric Pads/Insulators and Thermal Compounds)

📌 Segmentation by Application:

An end-use industry is projected to grow at the highest CAGR during the forecast period, due to rapid development in emerging economies North America, APAC, MEA, Europe, and RoW.

✤ Computers
✤ Telecom
✤ Consumer Durables
✤ Medical Devices
✤ Industrial Machinery
✤ Automotive Electronics
✤ Others (Military & Aerospace and Office Equipment)

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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Thermal Interface Materials Market includes the following core components:

The value chain of the Thermal Interface Materials market includes the following core components:

✦ Inputs
✦ Operations
✦ Distribution and logistics
✦ Marketing and sales
✦ Aftermarket and service
✦ Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Highlights -

Segmentation - The report extensively covers market segmentation by Type (Greases & Adhesives, Tapes & Films, Gap Fillers, Metal-Based TIMs, Phase Change Materials, Others (Elastomeric Pads/Insulators and Thermal Compounds)) and Application (Computers, Telecom, Consumer Durables, Medical Devices, Industrial Machinery, Automotive Electronics, Others (Military & Aerospace and Office Equipment))

Key Companies - Honeywell International Inc., 3M, Henkel AG & Co. KGaA, Parker Hannifin Corporation, Dow Corning Corporation, Laird Technologies, Momentive Performance Materials, Indim Corporation, Wakefield-Vette, and Zalma Tech Co. Ltd.

Driver - Growing investments in the Thermal Interface Materials industry to drive the market

Challenge - Declining costs to hamper the market growth

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Leading Players Insights -

The Thermal Interface Materials Market is concentrated and the players are deploying growth strategies such as focusing on improving their sales, distribution, and working capital effectively to compete in the market.

✤ Honeywell International Inc.
✤ 3M
✤ Henkel AG & Co. KGaA
✤ Parker Hannifin Corporation
✤ Dow Corning Corporation
✤ Laird Technologies
✤ Momentive Performance Materials
✤ Indim Corporation
✤ Wakefield-Vette
✤ Zalma Tech Co. Ltd.

Find additional highlights on the Players and their product/service offerings. Download Sample Report: https://www.stratagemmarketinsights.com/sample/42641

Thermal Interface Materials Market Overview:

Thermal interface materials are made in different ways to minimize thermal effects and achieve heat transfer. Most applications involve dissipating heat, and rough surfaces create air gaps and reduce heat transfer. Unlike air, engineered materials have a higher thermal conductivity than air, which makes them ideal for many applications. This means less heat flow resistance and less pump-out. And they can be easily molded to meet a variety of requirements. These are some of the advantages of a cured thermal interface.

Thermal interface materials can be either liquid or paste. A higher filler volume fraction increases thermal conductivity. Depending on the material, a higher filler volume will give you better thermal conductivity. This type of thermal interface material will also increase its viscosity. Moreover, they are easier to apply. The only thing you need to remember when using thermal interface materials is to use a small amount for a gap fill or to prevent leakage. If you want maximum heat transfer, then a large amount of material should be applied.

Thermal Interface Materials Market Dynamics:

Availability of various thermal interface materials is expected to propel growth of the global thermal interface materials market over the forecast period. For instance, in January 2022, Chevron Lubricants partnered with Rock Energy for the distribution of Caltex branded lubricants in Bangladesh, including Chevron's proprietary Havoline and Delo-branded lubricant products.

Increasing funding for R&D in technologies that will improve energy productivity is also expected to propel growth of the global thermal interface materials market over the forecast period. For instance, in February 2020, The U.S. Department of Energy's Building Technologies Office awarded US$ 47.7 million to 23 competitively selected projects for R&D targeted towards the goals of the Buildings Energy Efficiency Frontiers & Innovation Technologies (BENEFIT) - 2019 Funding Opportunity Announcement.

Key Takeaways:

⇨ Availability of various thermal interface materials is expected to propel growth of the global thermal interface materials market over the forecast period

⇨ Major players operating in the global thermal interface materials market are focused on R&D to expand their product portfolio. For instance, in June 2020, Sumitomo Chemical Co., Ltd. launched HEATORAGE, a resin heat storage material designed to absorb or release the latent heat at a specified temperature range from 20°C to 50°C, using phase change.

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