Thermal Interface Material is a material that has high thermal conductivity and acts as an interface medium for dissipating heat generated from a heat source to the sink. It is used in the form of a secondary thermally conductive material that substitutes the thermally insulating air and the void between the surfaces. The dissipation of heat is crucial in order to maintain longevity and reliability of semiconductor and electronic devices. Hence, thermal interface materials play a significant role in the electronics industry, owing to their efficient heat transferring property. They are widely used for enhancing heat transfer in electronic components such as CPU, hard disks, graphic cards, chipsets, LED, microprocessors, IC packaging, etc. Several types of materials are used as thermal interface materials.
MARKET DYNAMICS
The rise in the market of thermal interface material is primarily due to the advancement of technology with the increase in the utilization of the internet of things and the increase in demand for sophisticated electronics across various industries. Due to sustainability, many automotive manufacturers prefer electronic vehicles that will again increase the demand for thermal interface materials. Moreover, with the increasing trend of automation, industries are incorporating more and more electrical and electronic devices. Hence thermal management has become more and more important, which is another key factor for the growth in demand for thermal interface materials in the near future. The global thermal interface market is also set to benefit from rapid population growth and increasing urbanization along with increasing disposable income, which is driving the growth of consumer electronics. Furthermore, advancement in the medical industry is also expected to support the growth of the global thermal interface materials market.
MARKET SCOPE
The "Global Thermal Interface Material Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the thermal interface material market with detailed market segmentation by type, application and geography. The thermal interface material market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thermal interface material market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Thermal Interface Material Market is segmented on the basis of type and application. On the basis of type the market is segmented into greases & adhesives, tapes & films, gap fillers, metal-based thermal interface materials, phase change materials, and others. On the basis of application the market is segmented into computers, telecom, medical devices, industrial machinery, consumer durables, automotive electronics, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the thermal interface material market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The thermal interface material market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting thermal interface material market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting thermal interface material market in these regions.
MARKET PLAYERS
The reports cover key developments in the thermal interface material market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from thermal interface material market are anticipated to lucrative growth opportunities in the future with the rising demand for thermal interface material in the global market. Below mentioned is the list of few companies engaged in the thermal interface material market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the thermal interface material market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M
- Parker Hannifin Corp
- Indium Corporation
- Laird
- Henkel Adhesives Technologies
- Honeywell International Inc
- Fujipoly
- Kitagawa Industries America, Inc
- Momentive
- The Dow Chemical Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.