New York, NY, July 27, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Thermal Interface Materials Market by Type (Silicone, Epoxy, Polyimide, and Others), By Product Type (Greases & Adhesives, Tapes & Films, Gap Fillers, Metal-Based TIMs, Phase Change Materials, and Others), By Application (Computers, Telecom, Consumer Durables, Medical Devices, Industrial Machinery, Automotive Electronics, and Others), By Region: Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026”.
“According to the recent research report, the demand of global Thermal Interface Materials Market size & share expected to reach to USD 5.1 Billion by 2026 from USD 2.8 Billion in 2020, at a compound annual growth rate (CAGR) of 10.4% during the forecast period 2021 to 2026”
Global Thermal Interface Materials Market: Overview
Thermal interface materials are materials that are used to disperse heat from electronic devices and enhance heat transmission. They are usually sandwiched between the dissipating device or heat-spreading substrate and the components or heat-generating chip. Thermal Interface Materials represent significant difficulties for materials research due to the numerous conceivable applications and a vast range of materials. Thermal management in the electronics industry is highly complicated and necessitates a thorough understanding of the material characteristics of the TIMs used.
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Our Free Sample Report Includes:
- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
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- Includes Updated List of table & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
- The 3M Company
- Parker Hannifin Corporation
- Laird Technologies
- Indium Corporation
- Zalma Tech Co. Ltd.
- Schlegel Electronic Materials Inc.
- Universal Science
- Master Bond Inc.
- Electrolube Limited
- Fuji Polymer Industries Co. Ltd.
- AIM Specialty Materials
- DK Thermal
- GrafTech International Ltd.
- AOS Thermal Compounds LLC
- Shin-Etsu Chemical Co. Ltd.
- Semikron
- RBC Industries Inc.
- LORD Corporation
- Aremco Products Inc.
- Timtronics
- Wakefield-Vette Inc.
- Momentive Performance Materials
- Dow Corning Corporation
- Henkel AG & Co. KGaA
- Honeywell International Inc.
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Key questions answered in this report:
- What is the projected market size & growth rate of the Thermal Interface Materials Market?
- What are the key driving factors for the growth of the Thermal Interface Materials Market?
- What are the top companies operative in Thermal Interface Materials Market?
- What segments are covered in Thermal Interface Materials Market?
- How can I get free sample report/company profiles of the Thermal Interface Materials Market?
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Market Dynamics
The commercial availability of a variety of thermal interface materials in a variety of forms, along with expanding uses in the electronic sector, is expected to boost penetration in the coming years. Thermal interface materials are used to conduct heat across two hard surfaces and are particularly useful when sophisticated electrical gadgets are in high demand. Thermal interfaces are well-known for providing effective heat management solutions, which are necessary for enhancing the overall performance and longevity of a system. Because of its thermal conductivity, the product is expected to see considerable gains, which will assist to extend the life and efficiency of the electronic device or equipment where it is used. Conductive materials, such as metals, metal oxides, or silicone, are commonly used to create the product.
Based on the product type the market is bifurcated into tapes & films, metal-based TIMs, greases & adhesives, phase change materials, gap fillers, and others. The greases & adhesives category dominated the product type segmentation in 2020 and is expected to dominate the segment in the upcoming years. This can be attributed to its growing use in several applications such as power conversion equipment, transmission & engine control modules, PCs, memory modules, server CPUs, and mobile phones among others.
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Consumer behavior for electronic gadgets such as cell phones, tablets, and video games has not been affected by the post-pandemic situation. Rather, in recent years, under the recession, consumer durables sales have been falling as well. Furthermore, due to an increasing need for pharmaceuticals and medical equipment, demand for pharmaceutical and medical gear, as well as lab equipment has grown.
Global Thermal Interface Materials Market: Segmentation
The global thermal interface materials market is segregated based on type, product type, application, and region. Based on type the market is bifurcated into polyimide, epoxy, silicone, and others. The silicone segment dominated in 2020 and is expected to continue its dominance in the forecast period. This can be attributed to its outstanding characteristics such as resistance to chemical attack, stability to mechanical stress, shock & vibration resistance, and temperature variation stability. Based on the product type the market is bifurcated into tapes & films, metal-based TIMs, greases & adhesives, phase change materials, gap fillers, and others.
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The Asia Pacific is projected to Dominate Global Thermal Interface Materials Market Growth
Asia Pacific region dominated the market in 2020 with a market share of more than 35% and is anticipated to continue its dominance in the upcoming years. This is due to the existence of a big manufacturing zone in the area. Government policies, GST reductions, corporate tax reductions, changing lifestyles, consumer health awareness, and growing family incomes, in addition to the industrial base, have the potential to accelerate industry growth in this region. As more trucks and vans are utilized to deliver essentials across the area, sales in the automotive sector can only be achieved through vehicle refurbishing or repair. However, the government's continued focus on healthcare and the automotive sector, as well as its encouragement of FDI from Asian manufacturers, might help the business recover in the projected term. Despite Europe being a key market for the automobile sector and medical device production, the product is expected to lose income over time. This is owing to the fact that, as a result of the current pandemic epidemic, manufacturing operations have come to a halt due to a collapsed supply and demand for cars.
Browse the full report “Thermal Interface Materials Market by Type (Silicone, Epoxy, Polyimide, and Others), By Product Type (Greases & Adhesives, Tapes & Films, Gap Fillers, Metal-Based TIMs, Phase Change Materials, and Others), By Application (Computers, Telecom, Consumer Durables, Medical Devices, Industrial Machinery, Automotive Electronics, and Others), By Region: Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” at https://www.fnfresearch.com/thermal-interface-materials-market
The global thermal interface materials market is segmented as follows:
By Type:
- Silicone
- Epoxy
- Polyimide
- Others
By Product Type:
- Greases & Adhesives
- Tapes & Films
- Gap Fillers
- Metal-Based TIMs
- Phase Change Materials
- Others
By Application:
- Computers
- Telecom
- Consumer Durables
- Medical Devices
- Industrial Machinery
- Automotive Electronics
- Others
Key Highlights of this Report:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
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