The global thermal interface materials market is projected to be worth USD 4,471.4 Million by 2027, according to a current analysis by Emergen Research. The thermal interface materials market is estimated to experience rapid growth by the year 2027. Growing demand for electronic devices with miniaturization, high-end processors with enhanced processing power, and high integration drives the product demand. Typically, a high-end processor, an essential electronic gives-off a large amount of heat, poses a significant challenge to the electronic devices' overall performance and lifetime. Thermal interface materials with high thermal conductivity are beneficial in dissipating the generated heat, allowing the devices' optimum operational efficiency. At present, thermal interface materials find widespread usage in electronic components' IC packaging.
Thermal interface material is a vital interfacing media placed between the LED's base-plate and the cooling system. Growing demand for LED and LED lighting is a significant factor in fueling the market growth. For instance, TV manufacturing firms focus simultaneously on HDR and WCG technology to improve viewing content aesthetics. For HDR, the primary demand is about NTSC 85.0%, which increases usage of LED for blue light emission. Further, the escalating demand for blue LED light in Quantum Dots is propelling the market demand
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For instance, TV manufacturing firms focus simultaneously on HDR and WCG technology to improve viewing content aesthetics. For HDR, the primary demand is about NTSC 85.0%, which increases usage of LED for blue light emission. Further, the escalating demand for blue LED light in Quantum Dots is propelling the market demand. Growing demand for compact electronic devices with enhanced processing capability is one of the significant factors influencing the market growth. Graphite gaskets for use in the lighting industry are produced of the expanded sheet with low outgassing levels, leading to VOCs' release responsible for causing reduced brightness.
Thermal Interface Materials Market Size - USD 2,033.6 Million in 2019, Market Growth - CAGR of 10.3%, Market Trends -Increasing sales of smartphones
Key participants include Parker Hannifin Corporation, Indium Corporation, Dow Corning Corporation, 3M Company, Momentive Performance Materials, Wakefield-Vette, Inc., Laird Technologies Inc., Henkel AG & Co., KGaA, Zalman Tech Co. Ltd., and Bergquist Company Inc., among others.
Product Type Outlook (Revenue, USD Billion; 2017-2027)
Greases & Adhesives
Tapes & Films
Phase Change Materials
Metal-Based Thermal Interface Materials
Application Outlook (Revenue, USD Billion; 2017-2027)
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Graphite gaskets comprising metal foils finds usage in automotive engines with chip-on-board LEDs. In March 2019, the launch of m2TIMTM, a groundbreaking hybrid thermal interface material, was announced by Indium Corporation to deliver ultra-reliable conductivity for heat dissipation.Phase change materials maintain a consistent temperature at its melting point while undergoing solid to liquid transition, enabling the material to offer exceptional temperature control between surfaces.
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Thermal Interface Materials Market Segmentation by Region: North America Asia Pacific Europe Latin America Middle East & Africa
Global Thermal Interface Materials Market Report - Table of Contents:
Chapter 1 includes the global Thermal Interface Materials market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Thermal Interface Materials market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Thermal Interface Materials market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Thermal Interface Materials industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
Key Highlights from the Report:
Analysis of market dynamics including market trends, drivers, restraints, growth prospects and opportunities, threats, limitations, and demands
A comprehensive SWOT analysis and Porter's Five Forces analysis to impart a better understanding of the competitive landscape
Assessment of the key developments and advancements in the market
In-depth analysis of the historical data (2018-2019) and accurate forecast estimations for the period 2021-2028
Strategic recommendations to key players and new entrants
Pictorial representation of the key statistical data with representation in charts, diagrams, figures, and tables
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