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(IT-NEWSWIRE.COM, July 07, 2023 ) The report "Thermal Interface Materials Market by Chemistry (Silicone, Epoxy, Polyimide), Type (Greases & adhesives, Tapes & Films, Gap Fillers), Application (Computers, Telecom, Consumer Durables, Medical Devices) and Region - Global Forecast to 2027" The global thermal interface materials market size is estimated to be USD 3.4 billion in 2022 and projected to reach USD 5.6 billion by 2027, at a CAGR of 10.5% during the forecast period. The market for thermal interface materials has experienced significant growth, primarily due to growing need of thermal management solutions in ever-shrinking electronic components and systems.
The Thermal Interface Materials (TIM) market encompasses the production and use of materials that enhance heat transfer between surfaces. They are utilized in industries such as electronics, automotive, telecommunications, aerospace, medical devices, renewable energy, and consumer goods. These materials facilitate efficient heat dissipation in electronic components, power systems, and various devices, ensuring optimal performance and reliability.
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Browse in-depth TOC on "Thermal Interface Materials Market”
205 - Market Data Tables
49 - Figures
208 - Pages
Silicone is the largest chemistry segment in the thermal interface materials market during the forecast period.
Silicone is most widely used chemistry in thermal interface materials market. Owing to various advantages such as bond to difficult combinations of materials, reliability over a wide temperature range, and low cost, silicone has the largest application space among other chemistry segment.
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Greases & adhesives is the largest type segment in the thermal interface materials market during the forecast period.
Greases & adhesives is most widely used type in thermal interface materials market. It is a popular type for thermal management because it spreads out and thins thus decreasing the thermal resistance between heat sorce and heat sink. Its large market size is attributed to its easy implementation and various applications in growing industries such as cloud compute, industrial, and power.
Computers is the largest application segment in the thermal interface materials market during the forecast period.
Computers accounts for largest market share among all applications in thermal interface materials market. This is due to the rapid adoption of computers in various industries such as communication, education, utility facilities, health care, and others coupled with need of durable, long-life, and efficient electronic devices.
APAC is the largest regional market for thermal interface materials during the forecast period.
APAC accounts for largest market share among all the regions in the thermal interface materials market. Rapid adoption of electronic devices in growing economies and increasing consmer spending in region has played a important role in its large market share. Moreover, growing population, growing internet user base, rising per-capita income, rapid industrialization, and development of end-use industries has contributed to the increasing demand for thermal interface materials in the region.
A few of the key players in the thermal interface materials market are Honeywell International Inc. (US), 3M (US), Henkel AG & Co. KGaA (Germany), Parker Hannifin Corporation (US), Dow (US), Laird Technologies Inc. (US), Momentive (US), Indim Corporation (US), Wakefield Thermal Inc. (US), and Zalma Tech Co. Ltd. (South Korea).
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Henkel AG & Co. KGaA operates its business through four business segments: adhesive technologies, laundry & homecare, beauty care, and corporate. The company offers TIMs through the adhesive technologies segment. Its adhesives technologies segment produces and sells cyanoacrylates, office products for gluing & correcting applications, adhesive tapes, contact adhesives, and products for surface treatment. The company provides technology adhesives for designing microchips and electronic assemblies in the electronics industry. In 2008, the company acquired the adhesives and electronic materials businesses of National Starch & Chemical Company (US).
Parker Hannifin Corp through its subsidiary Chomerics Inc., designs, manufactures, and supplies electromagnetic interference (EMI) shielding materials, TIMs, plastics, and optical products. Parker Chomerics Inc. offers TIMs, including gap filler pads, thermal gels, phase change materials, attachment tapes, compounds, greases, dielectric pads, and heat spreaders under its diversified industrial business segment. These materials are used for various mobile, industrial, and aerospace markets worldwide.
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