Thermal Interface Materials Market

Introduction of the Thermal Interface Materials Market Report

Thermal interface materials are the kind of materials inserted between two components to make the efficient coupling between the two. It is used in heat dissipation, in which thermal insulating material is integrated between heat dissipating device and heat-producing device. Metal-based thermal interface materials offer more conductivity, with the least thermal resistance, thus increasing the efficiency and making it suitable for electronic products. The global thermal interface market has various targeted end-use in thermal adhesive, thermal gap filler, phase change materials, metal thermal interface materials, etc.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the growth of the global thermal interface materials market include the continuous advancements in the thermal insulating material for various end-use industries such as in consumer electronics, healthcare, heavy industry, etc. For example, Sandia National Laboratories made advancements in the material for electronic end-use industries, such as introducing advanced materials in snap with an algorithm that can perform simulations for material scientists by making calculations 40,000 times more than the normal. Furthermore, the electronic device’s miniaturization has become the new trend in the market, which has significantly surged the growth rate. This trend has the potential to fill the demand-supply gap & maintain the equilibrium in the market. Robust expansion is observed in the European automotive industries that have significantly driven the demand. With technological advancements like the advancement of materials in snap for increasing efficiency and major shifts towards lightweight and mini devices, the demand for thermal interface materials has increased. Moreover, with the rising trend of automation, manufacturers have introduced several electric components in the vehicles; thus, more adoption of thermal interface materials is expected by the automotive industry.

The rise in the use of smartphones, laptops, and other electronic devices, in the emerging developing economies of ASEAN countries like Indonesia, Singapore, Thailand, etc. are witnessed to be the materials’ driving forces. Strong demand in South Asian countries is further driving the market. For example, India is one of the leading manufacturers of smartphones across the nation. According to “United Nations Conference on Trade and Development” reports, in 2018, India exported mobile phones value of US$ 1.9 billion. These are the factors that are contributing to the exponential growth of the market.

Restraint in the Thermal Interface Materials Market

However, fluctuations in the prices of raw materials like oil (petroleum), which is highly volatile, is likely to impact the market growth. Since the last decade, the prices of raw materials have been continuously fluctuating, which has disturbed the global supply chain. For example, according to U.S. EIA, from 2000 to 2019, the regular grade gasoline prices have constantly fluctuated from US$ 2.7 to US$ 3.2 gallons, which affects the process of the materials and hampers growth of the market.

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Type – Segment Analysis

Based on the type, thermal interface materials are further segmented into adhesives and greases, tapes & films, gap fillers, metal-based thermal interface materials, phase change trials & others.  Among all, the adhesives and greases segment is expected to dominate the global thermal interface materials market over the forecast period. The major factors that are propelling this adhesives and greases segment include its soaring thermal conductivity and low cost associated with greases and additives, and rising demand for greases and adhesives in various end-use industries that includes Automotive, Consumer Electronics, and Healthcare.

End-Use Industry – Segment Analysis

Based on the end-use industry, the thermal interface materials is segmented into consumer electronics, telecom, healthcare, heavy industry, automotive, and others. Among all, the consumer electronics segment is expected to dominate in the global thermal interface materials over the forecast period. The thermal interface materials are used in computers for transmitting the thermal conductivity from the GPU or CPU to the heat sink coolers. The manufacturers such as DOW Corning Corporation, Henkel AG & Co. KGAA, 3M Company, are mainly investing in developing thermal interface materials for the computer End-Use Industry. For instance, 3M offers various thermal conductive interface pads, tapes, and adhesives such as 3M thermally conductive acrylic interface pad 5550H, among others.

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Regional – Segment Analysis:

Based on the region, the Asia Pacific region is dominating the global thermal interface materials market. This is due to the noticeable growth in China’s economy in 2021, which is 7.9%, 2% more from 2020, as illustrated by the world bank, which has led to improved consumer and business confidence, thus leading to the growth of the overall thermal interface materials market. China is a leading manufacturer of electronics like Consumer Electronics, mobile phones, etc. Moreover, the increasing demand for electronic devices and diversification in the region’s electronic sector is expected to drive the market potential over the period. In addition, rapid industrialization and growing mobile device and electronic device manufacturing in countries, such as China, Korea, Thailand, Japan, and India, is another factor contributing to the growth of the global thermal interface materials.

Top Market Players

Various notable players operating in the market include Honeywell International Inc., Henkel Adhesives Technologies India Private Limited, Dow, 3M, PARKER HANNIFICN CORPORATION, Laird, Momentive, Indium Corporation, and ZALMAN, among others. 

Key Developments:

• • In 2020, PARKER HANNIFICN CORPORATION officially announced the launch of THERM-A-GAP GEL 37, also known as next generation thermally conductive dispensable materials. This product launch enabled, to serve customers over a new platform and setting up a benchmark for the market.

Segments covered in the Report:

The global thermal interface materials market has been segmented based on type, chemistry, and end-use industry, and regions. Based on type, the market is segmented into adhesives and greases, tapes & films, gap fillers, metal based thermal interface materials, phase change materials, and others. Based on chemistry market is segmented into silicone, epoxy, polymide, and others. Based on end-use industry, the market is segmented into consumer electronics, telecom, healthcare, automotive, heavy industry, consumer durables and others. 

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Key questions answered in this research report:

• • At what pace is global thermal interface materials market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in thermal interface materials market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global thermal interface materials market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various End-Use Industry areas of global thermal interface materials market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Chemistry, By End-Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Honeywell International Inc., Henkel Adhesives Technologies India Private Limited, Dow, 3M, PARKER HANNIFICN CORPORATION, Laird, Momentive, Indium Corporation, ZALMAN; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Thermal Interface Materials Market by Type

• • Adhesives and greases
  • Tapes & films
  • Gap fillers
  • Metal Based Thermal Interface Materials
  • Phase Change Materials
  • Others

Global Thermal Interface Materials Market by Chemistry

• • Silicon
  • Epoxy
  • Polymide
  • Others

Global Thermal Interface Materials Market by End-Use Industry

• • Consumer Electronics
  • Telecom
  • Healthcare
  • Automotive
  • Heavy Industry
  • Consumer Durables
  • Others

Global Thermal Interface Materials Market by Region

• • North America Thermal Interface Materials Market (Option 1: As a part of the free 25% customization)
    • North America Thermal Interface Materials Market by Type
    • North America Thermal Interface Materials Market by Chemistry
    • North America Thermal Interface Materials Market by End-Use Industry
    • US Thermal Interface Materials Market All-Up
    • Canada Thermal Interface Materials Market All-Up
  • Europe Thermal Interface Materials Market (Option 2: As a part of the free 25% customization)
    • Europe Thermal Interface Materials Market by Type
    • Europe Thermal Interface Materials Market by Chemistry
    • Europe Thermal Interface Materials Market by End-Use Industry
    • UK Thermal Interface Materials Market All-Up
    • Germany Thermal Interface Materials Market All-Up
    • France Thermal Interface Materials Market All-Up
    • Spain Thermal Interface Materials Market All-Up
    • Rest of Europe Thermal Interface Materials Market All-Up
  • Asia-Pacific Thermal Interface Materials Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Thermal Interface Materials Market by Type
    • Asia-Pacific Thermal Interface Materials Market by Chemistry
    • Asia-Pacific Thermal Interface Materials Market by End-Use Industry
    • China Thermal Interface Materials Market All-Up
    • India Thermal Interface Materials Market All-Up
    • Japan Thermal Interface Materials Market All-Up
    • Rest of APAC Thermal Interface Materials Market All-Up
  • RoW Thermal Interface Materials Market (Option 4: As a part of the free 25% customization)
    • RoW Thermal Interface Materials Market by Type
    • RoW Thermal Interface Materials Market by Chemistry
    • RoW Thermal Interface Materials Market by End-Use Industry
    • Brazil Thermal Interface Materials Market All-Up
    • South Africa Thermal Interface Materials Market All-Up
    • Saudi Arabia Thermal Interface Materials Market All-Up
    • UAE Thermal Interface Materials Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Thermal Interface Materials Market All-Up

Major Players Operating in the Thermal Interface Materials (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International Inc.
  • Henkel Adhesives Technologies India Private Limited
  • Dow
  • 3M
  • PARKER HANNIFICN CORPORATION
  • Laird
  • Momentive
  • Indium Corporation
  • ZALMAN
  • Wakefield-Vette, Inc.