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Thermal Interface Materials Market 2023- Analysis, Market Share, Trends, Top Players, Size & Forecast To 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Thermal Interface Materials Market Size, Growth Rate, And Forecast
The global thermal interface materials market size grew from $2.21 billion in 2022 to $2.5 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The thermal interface materials market size is expected to grow to $4.15 billion in 2027 at a CAGR of 13.5%.
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Thermal Interface Materials Market Drivers
The increasing demand for electronic devices is anticipated to boost the demand for the thermal interface materials market over the coming years. Growing usage of thermal interface materials in electronic devices such as tablets, computers, smartphones, and video games attributed to its thermal conductive properties that help in strengthening the efficiency and life of electronic devices is expected to contribute to the market growth.
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Thermal Interface Materials Market Segments
1) By Type: Greases & Adhesives, Tapes & Films, Gap Fillers, Metal-Based TIMs, Phase Change Materials, Other Types
2) By Chemistry: Silicone, Epoxy, Polyimide, Other Chemistries
3) By Application: Telecom, Computer, Medical Devices, Industrial Machinery, Consumer Durables, Automotive Electronics, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the thermal interface materials market.
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Thermal Interface Materials Market Key Players
Major competitors in the thermal interface materials market include The 3M Company, Zalman Tech Co. Ltd., Wakefield-Vette Inc., Indium Corporation, The Berquist Company Inc., Momentive Performance Materials Inc., Laird Technologies Inc.
The Business Research Company's "Global Thermal Interface Materials Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Thermal Interface Materials Market Include:
1. Executive Summary
2. Thermal Interface Materials Market Characteristics
3. Thermal Interface Materials Market Trends And Strategies
4. Thermal Interface Materials Market - Macro Economic Scenario
5. Thermal Interface Materials Market Size And Growth
......
26. Africa Thermal Interface Materials Market
27. Thermal Interface Materials Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Thermal Interface Materials Market
29. Thermal Interface Materials Market Future Outlook and Potential Analysis
30. Appendix
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