The global Thermal Interface Material (TIM) market size is expected to reach USD 7.34 Billion in 2030 and register a revenue CAGR of 10.0% over the forecast period, according to latest analysis by Emergen Research. Thermal interface material market revenue growth is primarily driven by factors such as rapid industrialization in developing countries along with significantly high demand for consumer electronics globally. Also, increasing applications of TIM in industrial machinery is driving revenue growth of the market. Application of TIM in machinery helps to maintain low temperature of components by reducing heat transfer. This can be achieved through improved insulation or by using materials with high specific resistance properties.
The market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends. Therefore, the report broadly assesses the comprehensive impact of the pandemic on the overall growth of the Thermal Interface Materials market, besides offering a future COVID-19 impact assessment. Furthermore, the report points out the effective business approaches undertaken by the market players to enhance their product portfolios and prosper considerably.
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Key Players operating in the industry are:
Parker Hannifin Corporation, Indium Corporation, Dow Inc., 3M Company, Wakefield Thermal, Inc., DuPont De Nemours, Inc, Henkel AG & Co. KGaA, Fujipoly, Momentive, and Honeywell International Inc
Radical Features of the Thermal Interface Materials Market Report:
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- The report encompasses Thermal Interface Materials market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Thermal Interface Materials industry
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Segmentation:
-
Product Type Outlook (Revenue, USD Billion; 2018–2030)
- Greases & Adhesives
- Tapes & Films
- Gap Fillers
- Phase Change Materials
- Metal-Based Thermal Interface Materials
- Others
-
Material Outlook (Revenue, USD Billion; 2018–2030)
- Silicone
- Epoxy
- Polyimide
- Others
-
Application Outlook (Revenue, USD Billion; 2018–2030)
- Computers
- Telecom
- Consumer Durables
- Automotive Electronics
- Medical Devices
- Industrial Machinery
- Others
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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