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 thermal interface materials market
Analysis:
http://www.grandviewresearch.com/industry-analysis/thermal-interface-materials-market
http://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
View More Reports Of This Category By Grand View Research
At: https://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
o U.S.
·
Europe
o Germany
·
Asia Pacific
o China
o India
·
Latin America
o Brazil
·
MEA
Access Full
Press Release of this Report:
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: https://www.grandviewresearch.com/
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