According to IMARC Group’s latest report, titled “Thermal Interface Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 2.87 Billion in 2021. Thermal Interface Materials (TIMs) represent numerous products that are utilized for facilitating dissipation and transfer of heat in electronic devices. They work as an insertion material between two mechanically mated surfaces, including the heat-generating chip and the dissipating device. Some widely used TIMs include gap filler pads, graphite films, adhesives and greases, phase-change materials, thermally conductive fabrics and rubber, etc. They help in achieving ambient temperature for electronic devices to ensure optimal functioning. Apart from this, TIMs find various applications in semiconductor packaging, communication and consumer appliances, power electronics, etc.
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The growing levels of industrialization and escalating demand for consumer electronics across the globe are among the primary factors driving the thermal interface materials market. Besides this, the increasing utilization of TIMs to manufacture compact, portable, energy-efficient, and durable light-emitting diode (LED) lights is acting as another significant growth-inducing factor. Moreover, continuous technological advancements, along with the escalating demand for miniaturized devices and the increasing utilization of multi-functional TIMs, are anticipated to bolster the global TMI market in the coming years. Looking forward, IMARC Group expects the global thermal interface materials market to reach US$ 5.03 Billion by 2027, exhibiting at a CAGR of 9.7% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- 3M Company
- Dow Inc.
- Henkel AG & Co. KGaA
- Honeywell International Inc.
- Indium Corporation
- Kitagawa Industries America Inc.
- Laird Technologies Inc.
- Momentive Performance Materials Inc.
- Parker-Hannifin Corporation
- Zalman Tech Co. Ltd.
Breakup by Product Type:
- Tapes and Films
- Elastomeric Pads
- Greases and Adhesives
- Phase Change Materials
- Metal Based Materials
Breakup by Application:
- Medical Devices
- Industrial Machinery
- Consumer Durables
- Automotive Electronics
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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