+91-8668442535

Thermal Interface Materials Market By Product (Tapes & Films, Metal Based, Greases & Adhesives, Phase Change, Gap Fillers, Others), Application ( Automotive Electronics, Industrial Machinery, Telecom, Consumer Durables, Medical Devices, Computers and Others Applications) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022

The global market for thermal interface materials is anticipated to grow at a CAGR of 12.0% from 2015 to 2022. The major factors driving the market are the high demand for products in various end-user industries such as automotive electronics, telecom, industrial machinery, medical devices, consumer durables, and others. Telecom and automotive electronics are the two major end-user segments of the market for thermal interface materials. The largest application segment of the global thermal interface materials market was telecom, and the fastest-growing application segment was automotive electronics. Rising demand for sophisticated electronics is the major factor driving the growth of the global market for thermal interface materials. Continuous change and development in demand for sophisticated and smart electrical and electronic devices in the end-user industries are boosting demand for thermal interface materials in the market.

Based on type, the thermal interface materials market was segmented into tapes and films, metal-based thermal interfaces, greases and adhesives, phase change materials, gap fillers, and others. Among these, metal-based thermal interface materials accounted for the largest share of the global thermal interface materials market in 2015 and are expected to boost market demand in the near future. Phase change materials accounted for the fastest-growing market worldwide due to high demand from the sector. Other types of thermal interface materials are also projected to boost the market growth of the thermal interface materials market in the near future.

The thermal interface materials market is expected to exceed US$ 1,711.0 billion by 2022, growing at a CAGR of 12.0% between 2015 and 2022.

Purpose of the Report

The purpose of this strategic research study titled "Global Thermal Interface Materials Market: Growth, Share, Opportunities, and Competitive Analysis, 2015–2022" is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global thermal interface materials market.

Target Audience

  • Industry Investors
  • Thermal Interface Materials Providers and Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers and Buyers
  • Product Suppliers and Buyers
  • Research Institutes

On the basis of its product type, the thermal interface materials market is categorized into the following segments:

  • Tapes and films
  • Metal-Based Thermal Interface
  • Adhesives and Grains
  • Phase Change Materials
  • Gap Fillers
  • Others

Based on product types, the thermal interface materials market was segmented into tapes and films, metal-based interface materials, greases and adhesives, phase change materials, and gap fillers, among others. Metal-based interface materials dominated the global interface materials market in 2015 and are expected to boost market demand for thermal interface materials in the near future. The rising demand for metal-based interface materials from various end-user industries is driving the thermal interface materials market forward. Metal-based interface materials are used in various industries and equipment, which include heat sinks, HVAC and refrigeration, power trains, and railways, among others. Phase-change materials are also in high demand in the market. Phase change materials accounted for the second-largest market for thermal interface materials in 2015. The increasing usage of phase change interface materials in transportation, textiles, cold chain, building and construction, and thermal energy storage is driving the demand for phase change thermal interface materials, thereby leading to the growth of the global thermal interface market worldwide. The thermal tapes and films market is anticipated to experience slow growth due to its limited applications in end-user industries. Other product segments are also expected to boost the market growth of the thermal interface materials market during the forecast period from 2015 to 2022.

On the basis of its application, the thermal interface materials market is categorized into the following segments:

  • Automotive Electronics
  • Industrial Machinery Market
  • Telecom
  • Consumer Durables
  • Medical Devices
  • Computers
  • Others (thermally conductive plastics, etc.)

Thermal interface materials are widely used in a number of end-user industries, such as automotive electronics, industrial electronics, telecom, consumer durables, medical devices, and computers, among others. Automotive electronics accounted for the fastest-growing market for thermal interface materials and is expected to retain its position in the near future. The rising trend of advanced safety systems and a large number of technologies present in the market are driving the growth of the global thermal interface materials market worldwide. Telecom dominated the global thermal interface materials market in terms of demand and is expected to gain high demand during the forecast period. A large number of innovations and the rising number of mobile users are the major reasons pushing the growth of the telecom industry ahead. Consumer durables followed telecom in terms of demand and are expected to boost market demand for thermal interface materials in the near future. Electrical heating in consumer goods is a process in which electrical energy is converted into heat. The thermal interface materials are long-lasting and a cost-effective way of treating the excess amount of heat produced by the appliances. Hence, high demand is reported for thermal interface materials from consumer durables applications and is expected to increase in the near future. Demand from other applications is also anticipated to fuel market growth of thermal interface materials during the forecast period from 2015 to 2022.

On the basis of geography, the global market for thermal interface materials is segmented into the following categories:

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • UK
  • Spain
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Others
  • Middle East and Africa
  • Latin America

Asia Pacific accounted for the largest and fastest-growing market for thermal interface materials in 2015. Asia-Pacific holds a great opportunity for thermal interface materials in the region. Major applications in emerging economies such as China, India, and Japan are driving the growth of the thermal interface materials market. Increasing automotive industry demand, a rising consumer durables market, and the growing prevalence of LED lights are driving the growth of the global thermal interface materials market in the region. North America followed Asia Pacific and accounted for the second-largest market for thermal interface materials. Raising electrification in the transportation industry and the increasing demand for LED lighting are the major factors driving the growth of the thermal interface materials market in North America. An increasing market for automotive electronics, telecom equipment, and industrial machinery is expected to fuel demand for Europe's thermal interface materials market. Other regions, such as the Middle East, Africa, and Latin America, are also anticipated to boost the market growth of the global thermal interface materials market due to the rising telecommunications industry and growing demand for thermal interface materials in Africa.

Frequently Asked Questions:

The market for Thermal Interface Materials is expected to reach US$ 1.71 Bn in 2022.

The Thermal Interface Materials market is expected to see significant CAGR growth over the coming years,at XX%.

The report is forecasted from 2015-2022.

The base year of this report is 2014.

Choose License Type
Trusted By
Godaddy
Published Date:  Jun 2016
Category:  Advanced Materials
Report ID:   57933
Report Format:   PDF
Pages:   120
Rating:    4.8 (70)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support