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Thermal Interface Materials Market to Witness Huge Growth by Key Players: Honeywell International Inc, 3M, Parker Hannifin Corporation, Dow Corning Corporation, Laird Technologies, Indim Corporation

05-16-2022 02:51 PM CET | Industry, Real Estate & Construction

Press release from: ReportsnReports

Global Thermal Interface Materials Market 2022-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The global thermal interface materials market size is estimated at USD 3.4 billion in 2022 and is projected to reach USD 5.6 billion by 2027, at a CAGR of 10.5%.

The report provides a comprehensive analysis of company profiles listed below:
• Honeywell International Inc. (US)
• 3M (US)
• Henkel AG & Co. KGaA (Germany)
• Parker Hannifin Corporation (US)
• Dow Corning Corporation (US)
• Laird Technologies (US)
• Momentive Performance Materials (US)
• Indim Corporation (US)
• Wakefield-Vette (US)
• Zalma Tech Co. Ltd. (South Korea)

"Silicone is the largest and fastest-growing chemistry segment of the thermal interface materials market."
The thermal interface materials market is segmented on the basis of chemistry into silicone, epoxy, polyimide, and others. Silicone is largest and is expected to witness the fastest growth rate. Silicone exhibits good resistance to a wide range of temperatures, from -55°C to +300°C, resistance to chemical attack, resistance to shock & vibration, stability under mechanical stress, stability against weathering, and greater hydrostability. It is also handled without any special precautionary measures and offers easy processing without the need for oven drying or concerns about exothermic heat during the processing.

"Greases & adhesives is the largest type segment of the thermal interface materials market."
The thermal interface materials market is segmented on the basis of type into greases & adhesives, tapes & films, gap fillers, metal-based TIMs, phase change materials, and others. Greases & adhesives is largest type. Thermal greases & adhesives are applied to one of the two mating surfaces; when the surfaces are pressed together, the grease spreads to fill the void. Thermal greases & adhesives are normally packaged in a syringe, tube, or a small plastic sachet. OEMs prefer to use greases & adhesives because of their ability to flow into any nook of the intended application and conform to a wide range of surface roughness present on the housing, heat spreader, or heat sink surface.

"Computers are the largest application of thermal interface materials market."
The thermal interface materials market is segmented on the basis of applications into computers, telecom, consumer durables, medical devices, industrial machinery, automotive electronics, and others. Among these, the computer segment is the largest application. Computer components, such as CPUs, chipsets, graphics cards, and hard disk drives, are susceptible to failure in case of overheating. TIMs are used in computers to remove the excess heat to maintain the components operating temperature limits.

"APAC is the fastest-growing market for thermal interface materials."
APAC is the largest market for thermal interface materials market due to increased investments by developing countries of the region, such as Indonesia and India, are supporting market growth in the region. Another major driving factor is the increased demand for the miniaturization of electronic devices.

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Competitive Landscape of Thermal Interface Materials Market:
1 Introduction
2 Strategies Adopted By Key Players
3 Market Ranking
4 Company Evaluation Quadrant (Tier 1)
4.1 Star
4.2 Pervasive
4.3 Emerging Leader
4.4 Participant
5 Start-Up/Small And Medium-Sized Enterprises (Smes) Evaluation Quadrant
5.1 Progressive Companies
5.2 Responsive Companies
5.3 Starting Blocks
5.4 Dynamic Companies
6 Competitive Situations And Trends
6.1 Product Launches
6.2 Deals
6.3 Others

Research Coverage:
The thermal interface materials market has been segmented based on chemistry, type, application, and region. This report covers the thermal interface materials market and forecasts its market size until 2027. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the thermal interface materials market. The report also provides insights into the drivers and restraints in the thermal interface materials market along with opportunities and challenges. The report also includes profiles of top manufacturers in the thermal interface materials market.

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