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.
Global thermal interface materials, by application, 2015 (USD Million) |
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: www.grandviewresearch.com/industry-analysis/thermal-interface-materials-market
Further
Key findings from the study 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
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
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 By Grand View Research: 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.
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