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 Thermal Interface Materials 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
Access Research Insight By Grand View Reseach: http://www.grandviewresearch.com/research-insights/thermal-interface-materials-market-insights-share-size
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
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.
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