Thermal Interface Materials Market Revenue Share, Growth Factors, Trends, Analysis & Forecast, 2020

The global Thermal Interface Materials market is forecast to reach USD 2.67 Billion by 2027, according to a new report by Reports and Data. The global market for thermal interface materials sees substantial growth attributed to the increasing demand in thermal management to ensure the smooth operation of electronic equipment. Also, growing demand is due to its implementation in sectors such as computer hardware, electrical electronics, telecommunications, and automotive. The market for thermal interface materials is motivated primarily by improved networking, quicker computing, and expanded knowledge of energy-efficient lighting solutions in the form of LED lamps, trendy electrical devices, and transportation mode electrification.

Demand development is also driven by technological innovation, increasing use of the Internet of Things (IoT), and growing demand for advanced electronics through numerous industries. Also, in line with the global innovation trend, car producers are gradually choosing electric vehicles to raise energy consumption and greenhouse gas emissions, which in turn will fuel demand. However, with the emerging popularity of automation, companies are gradually integrating electrical and electronic equipment. Thus thermal management has become much more relevant, which is another crucial factor for the growth in demand.

Because of its thermal conductivity feature, which helps to improve the life and performance of the electronic system or the devices where it finds its use, the product is supposed to make substantial benefits. Usually, the substance consists of conductive materials such as rubber, metal oxides, or plastics.

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Further key findings from the report suggest

The growth in the use of electronics in various industries is expected to raise the significance of computers other electrical appliances. The IT segment represented a market share of 21.78% in terms of revenues in 2019 and is expected to rise to a CAGR of 11.6 %.
Because of its highly established Sales Channel sectors, sophisticated manufacturing capacities, combined with a highly skilled workforce and increasing RD initiatives, the U.S. is among the leading countries in the industry. Developing products and high competition enable manufacturers to focus on emerging technology to grow the market.
The Asia Pacific driven by China, India, and Japan's production volume may record improvements to reach 35.65% by 2027, related to the growing industrialization along with the development of the automotive and IT sectors.
Manufacturers differentiate their goods based on quality and price, taking into account such factors as consistency and purity level. Insufficient supply than its demand is prone to higher commodity prices over the forecast period.
Key participants include Henkel AG Co. KGaA, Bergquist Company, Indium Corporation, Parker Chomerics, Dow Corning, 3M, Honeyweel Internatrional Inc., Laird Technologies, Momentive Performance Materials Inc., and Zalman Tech Co., Ltd., among others.

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Thermal Interface Materials Market Segmentation:

Product Outlook (Revenue, USD Billion; 2017-2027)

Tapes Films
Elastomeric Pads
Greases Adhesives
Phase Change Material
Metal-Based
Others

Application Outlook (Revenue, USD Billion; 2017-2027)

Mobiles Tablets
Laptops Desktops
Electric Vehicles
Data Centers
GaN Semiconductors
LEDs
Others

End-use Industry Outlook (Revenue, USD Billion; 2017-2027)

IT
Telecom
Medical
Automotive Power Electronics
Consumer Electronics
Industrial
Chemical
Others

Regional Outlook:

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
Italy
France
BENELUX
Rest of Europe

Asia Pacific

China
India
Japan
South Korea
Rest of APAC

Latin America

Brazil
Rest of LATAM

Middle East Africa

Saudi Arabia
U.A.E.
South Africa
Rest of MEA

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