According to Inkwood Research, the Global Thermal Interface Materials Market is expected to record a CAGR of 9.91% in terms of revenue over the forecasting period of 2023-2032.
“Browse 48 Market Data Tables and 52 Figures spread over 235 Pages, along with an in-depth TOC on the Global Thermal Interface Materials Market Forecast 2023-2032.”
Thermal interface materials constitute substances or compounds strategically employed to optimize heat transfer between two surfaces. This is achieved by filling the microscopic air gaps or imperfections that naturally occur between these surfaces. Thermal interface materials play a pivotal role in enhancing the thermal conductivity between components in electronic devices and heat sinks, thereby ensuring efficient heat dissipation and preventing overheating.
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Rise in the LED Sector is Boosting Global Market Growth
Light-emitting diodes (LEDs) have been extensively utilized in industrial environments, primarily for signal indications. Recent strides in LED technology have yielded products with substantially increased power and brightness, necessitating advanced thermal management solutions. The effective brightness and enduring performance of LED lighting devices hinge on proficient heat dissipation. Furthermore, the rising prevalence of video-on-demand (VoD) and internet-only programming has generated heightened demand for devices featuring larger displays, such as laptops and tablets.
Telecom is the Highest Revenue-Generating Application
The telecom segment represents a significant application area for thermal interface materials, as modern telecommunications infrastructure relies heavily on electronic equipment that generates substantial amounts of heat during operation.
Asia-Pacific Expected to Rise with Highest CAGR by 2032
The growth of industries like data centers, 5G, and advanced driver-assistance systems (ADAS) in various Asian countries drives the need for thermal interface materials to manage heat in these applications.
The competition in the global market is expected to be intense during the forecast years. Also, some of the major enterprises operating in the global thermal interface materials market include 3M, Honeywell International Inc, Indium Corporation, etc.
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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, the Middle East, Europe, Asia, and Africa.