Thermal Interface Materials Market Size, Global Demand and Future Outlook 2029

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Fortune Business Insights

Companies covered in thermal interface materials market are Henkel Corporation (Germany), Zalman Tech Co., Ltd. (South Korea), Bergquist Company (Germany), Momentive Performance Materials Inc. (USA), Parker Chomerics (USA), Indium Corporation (USA), 3M (USA), Shin-Etsu ( Japan), Laird Technologies (USA), Boyd Corporation (USA) and other featured players.

Pune, Sept. 22, 2022 (GLOBE NEWSWIRE) — The world thermal interface materials market the size is expected to increase due to the increasing use of electronic devices. The digital evolution has opened many opportunities for the growing demand for electronics which should simultaneously create a demand for thermal interface materials. The increasing penetration of electronic devices in daily activities and in the coming years is expected to drive the growth of the market. Growing demand for LED lighting is estimated to propel the growth of the product. Fortune Business Insight™ mentioned this in a report entitledThermal Interface Materials Market, 2022-2029”.

Thermal interface materials are a set of materials that are inserted between two surfaces to improve the coupling between them. They are used to transfer heat for the proper functioning of appliances. They conduct heat 100 times more than air.

List of key players present in the market

  • Henkel Corporation (Germany)

  • Zalman Tech Co., Ltd. (South Korea)

  • Bergquist Company (Germany)

  • Momentive Performance Materials Inc. (USA)

  • Parker Chomerics (USA)

  • Indium Corporation (USA)

  • 3M (USA)

  • Shin-Etsu (Japan)

  • Laird Technologies (USA)

  • Boyd Corporation (USA)

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Report Scope and Segmentation:

Report attribute

Details

base year

2021

Historical years

2018 – 2020

Forecast years

2022 – 2029

Segments Covered

By product type, by application and by end use

Forecast units

Value (USD billion) and volume (units)

Quantitative units

Revenue in USD Million/Billion and CAGR from 2022 to 2029

Regions covered

North America, Latin America, Europe, Asia-Pacific, Middle East and Africa

Countries covered

United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others

Number of companies covered

Henkel Corporation (Germany), Zalman Tech Co., Ltd. (South Korea), Bergquist Company (Germany), Momentive Performance Materials Inc. (USA), Parker Chomerics (USA), Indium Corporation (USA), 3M (USA), Shin-Etsu ( Japan), Laird Technologies (USA), Boyd Corporation (USA) and other profiled players.

Report cover

Market Growth Drivers, Restraints, Opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Landscape, Market Attractiveness Analysis by Segments and Regions, Market Share Analysis of business and analysis of the impact of COVID-19.

Scope of customization

Take advantage of personalized purchasing options to meet your exact research needs.

Segmentation

Based on type, the market is divided into tapes, greases and adhesives, thermally conductive pads, gap fillers, metallic thermal interface materials, and phase change materials.

Based on application, the market is divided into telecommunications, medical devices, IT, automotive electronics, consumer durables, industrial machinery and others.

Geographically, the market is divided into regions such as North America, Asia-Pacific, Latin America, Europe, Middle East and Africa.

Report cover

This report covers the summary of this market which provides analysis of the product, impact of COVID-19, segmentation, drivers and restraints, regional information, new growth and presence of key players in the market. market. Changes in the market are likely to modify the demand during the forecast period.

Drivers and Constraints

Growing demand for LED lighting to inflate market progress

Growing demand for LED lighting to replace energy efficient fluorescent lighting. As the demand for LED lighting increases, so does the demand for simultaneous interface materials. It has led to the development and adoption of online devices. For a good heat exchange, a good heat transfer fluid exchange is necessary. The growing demand from the electronics industry is expected to drive the growth of the thermal interface materials market. High performance and advanced materials are expected to drive the demand for such materials.

On the other hand, pet technology products are expensive and have a short battery life, which is expected to restrain the growth of the market.

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https://www.fortunebusinessinsights.com/thermal-interface-materials-market-102950

Regional outlook

Fit electronics industry in Asia-Pacific to increase market growth

Asia-Pacific holds the largest global thermal interface materials market share owing to the growing demand from the electronics and machinery industry in the region. Rising disposable income and developments in developing economies have boosted electronics sales, creating demand for thermal interface materials. Demand from countries such as Taiwan, China and India is expected to drive demand in the region.

North America is expected to show tremendous growth in the market owing to technological advancements and innovations. The increase in material consumption is expected to create lucrative demand in the region.

Competitive Landscape:

The market players have launched new products in the market to have more competition in the market with their advanced solutions. This includes R&D investments, launching new and advanced products in the market. Companies have applied strategies such as partnerships, mergers and acquisitions to support their position in the market.

Industrial developments:

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