Thermal Interface Materials Market Breakdown By Size, Share, Growth, Trends, and Industry 2030
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Thermal Interface Materials Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Thermal Interface Materials Industry (2024-2030):
According to the latest report, The Thermal Interface Materials Market size was valued at USD 3.5 billion in 2023 and is projected to reach USD 9.1 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.8% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Thermal Interface Materials industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2019-22
· Base Year: 2023
· Forecast Period: 2024-30
· CAGR (2024-2030): 7.8%
· Market Value in 2023: USD 3.5 Billion
· Market Value in 2030: USD 9.1 Billion
What are the major Driver the Thermal Interface Materials industry?
Huge Demand for Consumer Electronics – Our world is fast becoming more digitalized and interconnected due to the adoption of smart devices and modern technologies, that are improving people’s living standards and driving changes in their lifestyle, productivity, and overall integration with the world. Such scenarios are driving a massive demand in the consumer electronics market. The world is witnessing the increasing penetration of electronic devices such as smartphones, laptops, televisions, LED lighting, wearables devices, and others. The functioning of such a world is possible with the advancement and development of these new-age technologies supported by computer chips and semiconductors.
These computer chips and semiconductors require efficient thermal management to ensure optimal performance and reliability. TIMs play a crucial role in dissipating heat from these electronic devices, preventing overheating and maintaining their optimal functionality as well as increasing their lifespans. The usage and demand for the Thermal Interface Materials will continue to show a rising growth as the adoption of electronic devices will continue to penetrate our societies. For instance,
July 2024, UN Digital Economy Report 2024: The report highlights the boom in the Global Digital Economy and the surge in smartphones and the Internet of Things devices will be projected to reach around 39 billion by 2029.
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Thermal Interface Materials Market Segmentation
The Thermal Interface Materials Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Adhesives & Greases- Market Size & Forecast 2019-2030, Thousand Tons
- Tapes- Market Size & Forecast 2019-2030, Thousand Tons
- Elastomeric Pads- Market Size & Forecast 2019-2030, Thousand Tons
- Paste & Gel- Market Size & Forecast 2019-2030, Thousand Tons
- Phase Change Materials- Market Size & Forecast 2019-2030, Thousand Tons
- Advanced Materials- Market Size & Forecast 2019-2030, Thousand Tons
- Others- Market Size & Forecast 2019-2030, Thousand Tons
- By Application
- Computers- Market Size & Forecast 2019-2030, Thousand Tons
- Telecom- Market Size & Forecast 2019-2030, Thousand Tons
- Medical Devices- Market Size & Forecast 2019-2030, Thousand Tons
- Consumer Durables- Market Size & Forecast 2019-2030, Thousand Tons
- Automotive Electronics- Market Size & Forecast 2019-2030, Thousand Tons
- Renewable Energy- Market Size & Forecast 2019-2030, Thousand Tons
- Industrial Equipment- Market Size & Forecast 2019-2030, Thousand Tons
- Others (LED lighting, etc.)- Market Size & Forecast 2019-2030, Thousand Tons
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Thermal Interface Materials Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Thermal Interface Materials Market
DuPont (Laird), 3M, Honeywell International Inc., Momentive Performance Materials, Semikron Danfoss, Henkel Corporation, Parker Hannifin Corp., Wacker Chemie AG, Dow, Wakefield Thermal, Inc., Indium Corporation, Shin-Etsu Chemical Co., Ltd., Panasonic Corporation, Fujipoly, Arctic Silver, Inc., Others
Thermal Interface Materials Industry Recent Development:
2024: Indium Corporation showcases metal thermal interface materials for burn-in and test at TestConX. It is a high-performance metal TIM solution with pure indium metal delivering 86W/mK. This pure Indium can be covered with a thin aluminum layer on the side facing the device under test to prevent indium from adhering to the surface.
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