The global thermal interface materials market is expected to
reach USD 3.59 billion by 2025, according to a new report by Grand View
Research, Inc. Thermal interface materials are expected to witness substantial
gains over the forecast period on account of their increasing usage in
automotive, medical and consumer goods applications.
Growing demand for electric vehicles in China and India
owing to increasing awareness regarding harmful emissions including CO2,
government initiatives and lower operating & maintenance costs will propel
market size. Electrification of the automotive along with the introduction of
nanodiamonds in the thermal interface materials as they increase the
conductivity of the product will create new growth opportunities over the
forecast period.
Browse full research report on Thermic Fluids Market http://www.grandviewresearch.com/industry-analysis/thermal-interface-materials-market
Further key findings from the report suggest:
- Medical
devices accounted for 10.9% of the overall industry share in 2015. The
segment is expected to witness the fastest growth over the next nine years
on account of rising demand for nuclear medicine imaging (NMI), MRI, CT
scan, X-ray, and ultrasounds as they offer high accuracy for diagnosing a
patient’s medical condition. Moreover, growing consumer awareness for
early disease diagnosis will propel growth.
- Elastomeric
pads are expected to witness significant rise at a CAGR of 11.6% from 2016
to 2025 on account of its advantages including high thermal conductivity,
dielectric strength, and volume resistivity. Increasing consumption in
disk drives, chipsets, communication equipment, and general PCB board
protection will augment market size over the upcoming years.
- Increasing
demand for consumer durables including washer tops & lids,
refrigerators, dryer drums, water heaters, microwave oven cavities, range
housings, air conditioner cabinets, vacuum cleaners, dishwashers, and
freezer cabinets will stimulate industry development.
- Europe
accounted for 23.8% of the global share in 2015 and is projected to
witness gains in light of growing demand for e-bikes in UK, Germany, and
the Netherlands. In addition, introduction of hybrid vehicles, presence of
a well-established healthcare infrastructure and high adoption of advanced
diagnostic technology will fuel market development over the next nine
years.
- Thermal
interface materials industry is dominated by major participants including
Dow Corning, Henkel AG & Co. KGaA, The 3M Company, Parker Chomerics,
Laird Technologies, Indium Corporation, and Momentive. Ongoing product
innovation to produce efficient and cost-effective products is expected to
lead to industry expansion over the forecast period. In May 2016, Henkel launched
low pressure thermal conductive materials “Technomelt TC 50” having
excellent heat dissipation functionality
Grand View Research has segmented the global thermal
interface materials market on the basis of product, application and region:
Thermal Interface Materials Product Outlook (Revenue, USD
Million, 2014 - 2025)
- Tapes
& films
- Elastomeric
pads
- Greases
& adhesives
- Phase
change materials
- Metal-based
- Others
Thermal Interface Materials Application Outlook (Revenue,
USD Million, 2014 - 2025)
- Telecom
- Computer
- Medical
devices
- Industrial
machinery
- Consumer
durables
- Automotive
electronics
- Others
Thermal Interface Materials Regional Outlook (Revenue,
USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- Asia
Pacific
- China
- India
- Latin
America
- Brazil
- MEA
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-thermal-interface-materials-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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