The global thermal interface materials market size is estimated at USD 2.8 billion in 2020 and is projected to reach USD 4.6 billion by 2025, at a CAGR of 10.4%. The thermal interface materials market is witnessing high growth owing to increasing demand for miniaturization of electronic devices, growing LED market, and increasing use of TIMs in end-use industries.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=13483121
The increasing demand for miniaturization and automation of electronic devices, such as mobile devices, touch screens & displays, and medical devices is a driving factor for the growth of the TIMs. As electronics become smaller, they heat up easily as the components are more concentrated. This increases heat density over the surface of the electronic equipment. TIMs are needed to increase heat dissipation. The growing demand for these electronic products globally has led to an increase in the consumption of TIMs in the electronics industry.
Thermal management is of very high importance in electric vehicles as these vehicles have large energy storage reservoirs. Apart from electric vehicles, conventional automobiles too incorporate sophisticated electronics. An average sedan sold today has 100% more electronic components compared to a similar model sold 15 years ago. Thus, as vehicles incorporate more electronic and electrical components, the role of TIMs will become increasingly important.
1. In September 2020, Parker Hannifin Corporation launched THERM-A-GAP GEL 37, new single component, thermally conductive dispensable materials. This new product launch will help the company to strengthen its product portfolio in the TIMs market.
2. In June 2020, Henkel AG & Co. KGaA launched new TIM Bergquist Gap Filler TGF 7000. It is used for various applications, such as automotive ADAS systems, power conversion systems, electric pumps, and others. With this launch, the company strengthens its product portfolio in the TIMs market.
APAC is the largest market for thermal interface materials market due to growing population, growing internet user base, rising per-capita income, rapid industrialization, and development of end-use industries. Major companies in the market are establishing and expanding their manufacturing base in APAC region to meet the growing demand for thermal interface materials. Growing economies such as China, India, and Japan are major markets for TIMs in the region.
Honeywell International Inc. (US), 3M (US), Henkel AG & Co. KGaA (Germany), Parker Hannifin Corporation (US), Dow Corning Corporation (US), Laird Technologies (US), Momentive Performance Materials (US), Indim Corporation (US), Wakefield-Vette (US), and Zalma Tech Co. Ltd. (South Korea) are the key players operating in the thermal interface materials textiles market.
Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=13483121
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States