GLOBAL THERMAL INTERFACE MATERIAL MARKET FORECAST 2018-2026

Global thermal interface materials market is estimated to grow at approx.12% of CAGR during the forecasting year. The base year considered for the study is 2017 and the forecast period is 2018 to 2026. The global thermal interface materials (TIM) market is primarily driven by the following factors:

• Electrification of transportation industry
• Rising demand for sophisticated electronics
• Growing LED market
• Increasing need for seamless connectivity
• Wide industrial applications

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The important driver increasing growth in the global thermal interface materials market is the electrification of the transportation industry. The transport industry plays a crucial and important role in the world energy use and greenhouse gas emissions. The introduction of electro-drive vehicles is considered as the most promising option for the TIM market to obtain a win-win situation for the achievement of energy security and increasing energy efficiency. Heat management comprises very high importance in electric vehicles, which contains large energy storage systems. As vehicles are incorporating more and more electrical and electronic devices, the thermal management has become more and more important. In the automotive industry, greases are still used predominantly as thermal interface materials.

Thermal grease also known as thermal paste, thermal gel, heat paste etc. i.e. a compound is a thermally conductive but electrically insulating and normally used as an interface material between the heat sink and heat sources. Most of the microprocessors have irregular top surface. Even some have slight curves, and others have microscopic grooves, producing air voids between the heat sink and microprocessor and hence reducing the heat dissipation capacity of the heat sink. The thermal grease helps to maximize the heat transfer between the interface area by removing air gaps and voids. They are made up of silicone or even hydrocarbon oils loaded with conductive fillers. Most common fillers used are boron nitride, aluminum oxide, zinc oxide etc.

Performance limited by physical properties and high usage of thermal interface materials are the major factors hindering the thermal interface materials market. The conductivity of thermal interface material is majorly determined by using procedures like ASTM D 5470, among others. The new procedure denoted by the bulk resistance method may adversely affect the growth of the market. High usage of thermal interface material is also becoming the major restraint for the growth of the global thermal interface materials (TIM) market.

The global thermal interface materials market segments include types and applications.

Types is segmented into:

• Tapes & films
• Metal-based thermal interface materials
• Greases & adhesives
• Phase change materials
• Thermal pads
• Others

Applications is segmented into:

• Automotive Electronics
• Computers
• Telecom
• Consumer Durables
• Medical Devices
• Industrial Machinery
• Other applications

The report scope is widely categorized on the basis of its components which include different types of thermal interface materials.

Geographically, the global thermal interface market has been segmented on the basis of four major regions, which includes:

• Thermal Interface Material North America Market Market – U.S., Canada, Mexico
• Thermal Interface Material Asia Pacific Market – China, India, Japan, South Korea, RoAPAC
• Thermal Interface Material Europe Market – UK, France, Germany, Spain, RoE
• Rest of World

The Asia Pacific region is anticipated to account the largest market share during the forecast period. The dominance of the market is majorly due to high growth in the countries such as China and India. China is known as an automobile manufacturing hub; the country is witnessing inclination of the global automobile manufacturing companies towards setting their manufacturing units in China is expected to act as a great opportunity for the region. Another major country leading to the dominance of APAC is India, rising disposable income in the country is acting as a driver for the consumer durable market, and in turn is driving the thermal interface material market in India. The consumer electronics, automotive industry and LED lightings are some of the major sectors that are driving the growth in the APAC thermal interface material market. The presence of big giants in the consumer durable and the automotive industry is increasing the scope of the APAC region. The key players in the market are, Hyundai, Toyota, Honda, Sony and many more.

The Thermal interface materials Market by type is segmented into tapes & films, metal-based thermal interface materials, greases & adhesives, phase change materials, thermal pads, others. The applications segment is sub-divided into automotive electronics, computers, telecom,  consumer durables, medical devices, industrial machinery, and other applications.

The major market players in the global thermal interface market are:

• DOW CORNING CORPORATION
• HENKEL AG & CO KGAA
• HONEYWELL INTERNATIONAL INC
• LAIRD TECHNOLOGIES INC
• ZALMAN TECH CO LTD
• OTHERS

Company Profiles covers analysis of important players

These companies are using organic and inorganic strategies for growth. For instance, on 1^st July 2016, Honeywell International Inc. acquired Intelligrated, a leader in supply chain and warehouse automation technologies. Intelligrated is a leading North American-based, single-source provider of intelligent automated material handling solutions. On 18^th December 2015, Laird PLC, the global technology company, announced the acquisition of Novero, a leading integrated vehicle connectivity systems provider, which will enhance Laird’s offering of innovative wireless solutions in one of its core and fastest growing markets. Novero represents an excellent strategic fit and is complementary to Laird’s existing connected vehicle activities. This acquisition will rank Laird as one of the leading global providers of end-to-end connectivity services both into and within the vehicle, providing the broadest portfolio of integrated connectivity solutions.

Key Findings of the global thermal interface market.

• Electrification of the transport industry and growing LED market is fueling growth in global thermal interface materials market.
• The Asia Pacific is anticipated to account the largest revenue share in 2017.
• Greases & adhesives segment is the dominating market due to growing adoption in automotive industry
• Increasing government support
• Product launch is the key strategy adopted by the various market players of global thermal interface market.
• Computer segment is the major application of thermal interface materials.