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EUROPE THERMAL INTERFACE MATERIALS MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Europe Thermal Interface Materials Market by Type (Greases & Adhesives, Thermal Pads, Tapes & Films, Phase Change Materials, Metal-based Thermal Interface Materials, Other Types) Market by Application (Automotive Electronics, Computers, Telecom, Consumer Durables, Medical Devices, Industrial Machinery, Other Applications) by Geography


MARKET OVERVIEW

The Europe thermal interface materials market is expected to grow with a CAGR of 10.15% over the forecasting period of 2023 to 2032. The market is projected to reach a revenue of $1320.90 million by 2032.

The robust electronics industry in Europe serves as a strong foundation for the growth of the thermal interface materials market. The escalating demand for electronic devices spanning sectors such as automotive, healthcare, and telecommunications, propelled by advanced technologies like AI, IoT, and 5G networks, establishes a sustained and consistent need for thermal interface materials.

Europe Thermal Interface Materials Market

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The Europe thermal interface materials market growth assessment covers a detailed study of the United Kingdom, Germany, France, Italy, Spain, Poland, and Rest of Europe. The automotive industry, a key contributor to the United Kingdom economy, relies on thermal interface materials to ensure optimal performance of electronic components. Simultaneously, in the healthcare sector, where the United Kingdom holds the third position in Europe, thermal interface materials play a pivotal role in effective heat management within medical devices. Furthermore, the aerospace and defense industries, integral to the nation’s economy, depend on thermal interface materials for thermal management in critical systems. As these sectors undergo expansion, thermal interface materials are positioned for significant demand growth.

Germany’s robust pharmaceutical and medical device sectors, boasting a significant market size, highlight the demand for thermal interface materials in medical applications. With the growth of pharmaceutical research and industrialization, the need for thermal interface materials in medical devices is expected to rise. Furthermore, the aerospace and defense market, valued at $35.4 billion in 2020, is a substantial contributor to the demand for thermal interface materials in critical applications.

The Europe thermal interface materials market is segmented into type and application. The application segment includes automotive electronics, computers, telecom, consumer durables, medical devices, industrial machinery, and other applications. The automotive electronics segment is expected to be the crucial driver in the growth of the thermal interface materials market. With the increasing complexity and sophistication of modern vehicles, there is a rising demand for thermal management solutions to ensure the optimal performance and reliability of electronic components.

Thermal interface materials play a pivotal role in efficiently dissipating heat generated by diverse automotive electronic systems. This includes engine control units, infotainment systems, advanced driver-assistance systems (ADAS), and components within electric vehicles (EVs).

Leading players operating in the Europe thermal interface materials market include Henkel AG & Co KGaA, Dow Chemical Company, etc. 

Henkel AG & Co KGaA, headquarters in Germany, is one of the major producers and marketers of consumer and industrial products. Adhesives, sealants, functional coatings, hair beauty products, hair salon products, dental care, dermatology, body care, detergents for laundry, hard surface cleaners, toilet care, air care, and insect control products are among the company’s products.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($Million)
Segments Analyzed
Type and Application
Countries AnalyzedThe United Kingdom, Germany, France, Italy, Spain, Poland and Rest of Europe
Companies AnalyzedAAVID Thermalloy LLC, 3M, Dow Chemical Company, Wakefield Thermal Inc, Timtronics, Shin-Etsu Chemical Co Ltd, Parker Hannifin Corporation, Momentive Performance Materials Inc, Laird Technologies Inc, Indium Corporation, Honeywell International Inc, Henkel AG & Co KGaA

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. FLOURISHING HEALTHCARE INDUSTRY BOOSTS THERMAL INTERFACE MATERIALS’ DEMAND
      2. INCREASED USAGE OF PCTIM
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. ELECTRIFICATION OF THE AUTOMOBILE INDUSTRY
      2. RISING DEMAND FOR SOPHISTICATED ELECTRONICS
      3. THRIVING LED MARKET
      4. INCREASING NEED FOR SEAMLESS CONNECTIVITY
      5. WIDE INDUSTRIAL APPLICATIONS
    2. KEY RESTRAINTS
      1. PERFORMANCE LIMITED BY PHYSICAL PROPERTIES
      2. DERIVING OPTIMAL OPERATING COSTS FOR END-USERS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. TECHNOLOGICAL ADVANCEMENTS
      2. GROWING COMMERCIAL USE OF MMC AND CMC
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET CONCENTRATION ANALYSIS
    5. VALUE CHAIN ANALYSIS
      1. RAW MATERIALS SUPPLIERS
      2. MANUFACTURERS
      3. END-USER
    6. KEY BUYING CRITERIA
      1. EASE OF APPLICATION & INSTALLATION
      2. RELIABILITY
      3. PERFORMANCE
      4. TYPE
      5. COMPATIBILITY
  5. MARKET BY TYPE
    1. GREASES & ADHESIVES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. THERMAL PADS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. TAPES & FILMS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. PHASE CHANGE MATERIALS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. METAL-BASED THERMAL INTERFACE MATERIALS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. OTHER TYPES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY APPLICATION
    1. AUTOMOTIVE ELECTRONICS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. COMPUTERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. TELECOM
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. CONSUMER DURABLES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. MEDICAL DEVICES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. INDUSTRIAL MACHINERY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    7. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. GEOGRAPHICAL ANALYSIS
    1. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE THERMAL INTERFACE MATERIALS MARKET DRIVERS
      3. EUROPE THERMAL INTERFACE MATERIALS MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE THERMAL INTERFACE MATERIALS MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM THERMAL INTERFACE MATERIALS MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY THERMAL INTERFACE MATERIALS MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE THERMAL INTERFACE MATERIALS MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY THERMAL INTERFACE MATERIALS MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN THERMAL INTERFACE MATERIALS MARKET SIZE & OPPORTUNITIES
        6. POLAND
          1. POLAND THERMAL INTERFACE MATERIALS MARKET SIZE & OPPORTUNITIES
        7. REST OF EUROPE
          1. REST OF EUROPE THERMAL INTERFACE MATERIALS MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. 3M
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      2. AAVID THERMALLOY LLC
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      3. DOW CHEMICAL COMPANY
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      4. HENKEL AG & CO KGAA
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      5. HONEYWELL INTERNATIONAL INC
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      6. INDIUM CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      7. LAIRD TECHNOLOGIES INC
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      8. MOMENTIVE PERFORMANCE MATERIALS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      9. PARKER HANNIFIN CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES 
      10. SHIN-ETSU CHEMICAL CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      11. TIMTRONICS
        1. COMPANY OVERVIEW
        2. PRODUCTS
      12. WAKEFIELD THERMAL INC
        1. COMPANY OVERVIEW
        2. PRODUCTS

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – THERMAL INTERFACE MATERIALS

TABLE 2: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: KEY PLAYERS OPERATING IN EUROPE THERMAL INTERFACE MATERIALS MARKET

TABLE 9: LIST OF MERGERS & ACQUISITIONS

TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR EUROPE

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: VALUE CHAIN ANALYSIS

FIGURE 6: KEY BUYING CRITERIA

FIGURE 7: EUROPE THERMAL INTERFACE MATERIALS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 8: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY GREASES & ADHESIVES, 2023-2032 (IN $ MILLION)

FIGURE 9: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY THERMAL PADS, 2023-2032 (IN $ MILLION)

FIGURE 10: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY TAPES & FILMS, 2023-2032 (IN $ MILLION)

FIGURE 11: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY PHASE CHANGE MATERIALS, 2023-2032 (IN $ MILLION)

FIGURE 12: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY METAL-BASED THERMAL INTERFACE MATERIALS, 2023-2032 (IN $ MILLION)

FIGURE 13: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY OTHER TYPES, 2023-2032 (IN $ MILLION)

FIGURE 14: EUROPE THERMAL INTERFACE MATERIALS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 15: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY AUTOMOTIVE ELECTRONICS, 2023-2032 (IN $ MILLION)

FIGURE 16: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY COMPUTERS, 2023-2032 (IN $ MILLION)

FIGURE 17: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY TELECOM, 2023-2032 (IN $ MILLION)

FIGURE 18: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY CONSUMER DURABLES, 2023-2032 (IN $ MILLION)

FIGURE 19: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY MEDICAL DEVICES, 2023-2032 (IN $ MILLION)

FIGURE 20: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY INDUSTRIAL MACHINERY, 2023-2032 (IN $ MILLION)

FIGURE 21: EUROPE THERMAL INTERFACE MATERIALS MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 22: EUROPE THERMAL INTERFACE MATERIALS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 23: UNITED KINGDOM THERMAL INTERFACE MATERIALS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 24: GERMANY THERMAL INTERFACE MATERIALS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: FRANCE THERMAL INTERFACE MATERIALS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: ITALY THERMAL INTERFACE MATERIALS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: SPAIN THERMAL INTERFACE MATERIALS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: POLAND THERMAL INTERFACE MATERIALS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: REST OF EUROPE THERMAL INTERFACE MATERIALS MARKET, 2023-2032 (IN $ MILLION)

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