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Thermal Interface Materials Market - Global Trends, Top Key Players Insight, and Forecast till 2023
Thermal Interface Materials Market Information Report by Application (Automotive, Industrial Machinery, Telecommunications, Computer), Type (Greases & Adhesives, Gap Fillers, Elastomeric Pads, Metal Based), Region, and Global Forecast to 2023
Thermal Interface Materials are the materials which possess very high thermal conductivity. They act as a link between heat sink and the source of heat generation.
The major driver for the growth of the thermal interface materials market is the emerging need of very fast computing services. The increase in the awareness for the efficient lighting systems has increased with the increase in use of LED lights over the conventional lights, which is in turn driving the thermal interface materials market. The key features of thermal interface materials such as high thermal conductivity, no leakage from interface and minimum thickness are making it suitable for use across various end-user industries such as computer, automotive, and industrial machinery among others. This is in turn, leading to the growth of the thermal interface material market.
The Thermal interface materials market is expected to grow over the CAGR of around 10% during the period 2017 to 2023.
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Top Key Players:
The Key Players of Thermal interface materials market are; Dow Corning (U.S.), Zalman Tech Co. Ltd. (South Korea), 3M (U.S.), Henkel Corporation (U.S.), Bergquist Company (U.S.), Indium Corporation (U.S.), Parker Chomerics (U.S.), Laird Technologies (U.S.), and Momentive Performance Materials Inc. (U.S.)
The Global Thermal Interface Materials Market is categorized into application, type, and region.
- Industrial Machinery
- Greases & Adhesives,
- Gap Fillers,
- Elastomeric Pads,
- Metal Based
- North America,
- Latin America,
- Asia Pacific,
- the Middle East & Africa
Thermal Interface Materials Market is segmented into five main regions namely; Latin America, Asia Pacific, North America, Europe, and the Middle East & Africa.
Among these, The Asia-Pacific region is expected to grow rapidly in the Thermal interface materials market owing to the increased production activities specifically in the automotive industry. In the developing countries such as India, the undertaking of various government initiatives such as make in India is leading to boom of various manufacturing industries, thereby leading to an increased use of thermal interface materials. The improvements in the medical industry in the region owing to the increasing healthcare concerns and rapid urbanization is further leading to the growth of the thermal interface materials market in the Asia-Pacific region.
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