Thermal Interface Materials Market Is Estimated To Be Valued At $3.59 Billion By 2025
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.
Full
Research Report On Global Thermal Interface Materials Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/thermal-interface-materials-market
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
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
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 Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-thermal-interface-materials-market
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.
For More
Information: www.grandviewresearch.com
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