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The Business Research Company’s Thermal Interface Materials Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
— The Business Research Company
LANDON, GREATER LANDON, UNITED KINGDOM, September 24, 2024 /EINPresswire.com/ — The thermal interface materials market has experienced robust growth in recent years, expanding from $2.52 billion in 2023 to $2.85 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to electronic device miniaturization, semiconductor industry growth, consumer electronics boom, automotive electronics, industrial equipment cooling.
What Is The Estimated Market Size Of The Global Thermal Interface Materials Market And Its Annual Growth Rate?
The thermal interface materials market is projected to continue its strong growth, reaching $4.47 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to electric vehicle proliferation, renewable energy technologies, medical device innovations, climate change concerns, ai and iot expansion.
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Growth Driver Of The Thermal Interface Materials Market
The increasing demand for electronic devices is anticipated to boost the demand for the thermal interface materials market over the coming years. Electronic devices are devices that use electrical energy to perform various functions, such as computing, communication, or control. Thermal interface materials are used in electronic devices, such as tablets, computers, smartphones, and video games, for their thermal conductive properties that help in strengthening the efficiency and life of electronic devices is expected to contribute to market growth.
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Which Market Players Are Driving The Thermal Interface Materials Market Growth?
Key players in the market include The 3M Company, Zalman Tech Co. Ltd., Wakefield-Vette Inc., Indium Corporation, The Berquist Company Inc., Momentive Performance Materials Inc., Laird Technologies Inc., DOW Corning Corporation, Parker Hannifin Corporation, Henkel AG & Co. KGAA, Fujipoly Industries Co Ltd., DK Thermal Metal Circuit Technology Ltd., AI Technology Inc., AIM Specialty Materials, AOS Thermal Compounds LLC., Denka Company Limited., Universal Science, Dymax Corporation, Ellsworth Adhesives, Enerdyne Devices Private Limited., European Thermodynamics Ltd., Inkron Oy, Kitagawa Industries, LORD, M. A. Electronics Private Limited., MH&W International Corporation., Minerals Technologies Inc., Chomerics Inc., Robnor ResinLab Ltd., Schlegel Electronics Materials, Shin-Etsu Chemical Co. Ltd., Honeywell International Inc., Panasonic Corporation, Advanced Thermal Solutions Inc., MG Chemicals, Thermal Grizzly, Aavid Thermalloy LLC, Arctic Silver Inc., Thermalright Inc., Cooler Master Co. Ltd., GELID Solutions Ltd., Master Bond Inc., Kerafol Keramische Folien GmbH & Co. KG.
What Are The Emerging Trends Shaping The Thermal Interface Materials Market Size?
Major players operating in the thermal interface materials market are focusing on developing new innovative products to expand their product portfolio, meet the requirements of various end-use industries, and maintain their position in the competitive business environment.
How Is The Global Thermal Interface Materials Market Segmented?
1) By Type: Greases & Adhesives, Tapes & Films, Gap Fillers, Metal-Based TIMs, Phase Change Materials, Other Types
2) By Chemistry: Silicone, Epoxy, Polyimide, Other Chemistries
3) By Application: Telecom, Computer, Medical Devices, Industrial Machinery, Consumer Durables, Automotive Electronics, Other Applications
Geographical Insights: Asia-Pacific Leading The Thermal Interface Materials Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Thermal Interface Materials Market Definition
Thermal interface materials are defined as materials made from conducting materials such as metals, silicon, and metal oxides and are applied between hard surfaces for conducting heat. Thermal interface materials find their applications mainly in electronics, medical devices, and industrial machinery.
Thermal Interface Materials Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
•Macroeconomic factors affecting the market in the short and long run
•Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global thermal interface materials market report covering trends, opportunities, strategies, and more
The Thermal Interface Materials Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on thermal interface materials market size, thermal interface materials market drivers and trends and thermal interface materials market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Oliver Guirdham
The Business Research Company
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Article originally published on www.einpresswire.com as Global Thermal Interface Materials Market Size, Share, And Growth Analysis For 2024-2033
