Thermal Interface Materials Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Thermal Interface Materials Market Size Worth $3.33 Billion By 2025�
The global thermal interface materials market size is expected to reach USD 3.33 billion by 2025, as per a new report by Grand View Research Inc., registering a CAGR of 10.8% over the forecast period. Rising demand of thermal interface materials (TIMs) in the automotive electronics on account of increasing vehicle production primarily in China, Indonesia, and Japan is likely to boost industry demand. Polyethylene is a material extensively used for the production of thermal interface materials on account of superior molding abilities. The industry is highly regulated in the terms of the materials used for the production of TIMs on account of critical application scope of the product primarily in the healthcare industry. Increase in the investments towards the development of advanced thermal interface materials is expected to benefit the market growth. In addition, the market is also expected to register notable gains with the introduction of advanced products in the form of tapes and greases & adhesives which is further expected to drive the industry growth over the forecast period.
The rising use of substitutes such as elastomeric bearing, thermal paste, and graphite foams are anticipated to pose a threat to the TIMs market growth. However, rising awareness among consumers over the use of synthetically derived thermal interface materials such as thermal pads and phase change materials is projected to propel the market growth.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/thermal-interfacematerials-market Further key findings from the report suggest:
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Greases and adhesives were the largest product segment accounting for 34.5% in 2018 on account of its superior properties including the enhancement of the heat dissipation and thermal coupling between two components
Tapes and films segment accounted for over 14.4% of revenue share in 2018 and is expected to grow at a substantial CAGR over the projected period owing to their properties such as high durability and its lightweight
The thermal interface materials market in automotive electronics is expected to account for a revenue of USD 427.8 million by 2025 on account of high use of the product in heat management in automotive electronic components
The TIMs market in China is expected to realize market revenue of USD 686.4 million by 2025 on account of increase in the automotive production through favorable government which has resulted in the setting up of manufacturing bases by companies including BMW and Volkswagen
The major manufacturers have increased their presence across the value chain through integration from the raw material supply, to product manufacturing and distribution across the major economies globally
Grand View Research has segmented the global thermal interface materials market on the basis of product, application, and regions: Thermal Interface Materials Product Outlook (Revenue, USD Million; 2014 - 2025) Tapes and Films
Elastomeric Pads
Greases and Adhesives
Phase Change Materials
Metal-Based
Others
Thermal Interface Materials Application Outlook (Revenue, USD Million; 2014 - 2025) Telecom
Computer
Medical Devices
Industrial Machinery
Consumer Durables
Automotive Electronics
Others
Thermal Interface Materials Region Outlook (Revenue, USD Million; 2014 - 2025) North America o
U.S.
Europe o
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Germany
Asia Pacific o
China
o
India
Latin America o
Brazil
Middle East & Africa
Table of Contents Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope 1.2. Market Definition 1.3. Information Procurement 1.3.1. Purchased Database 1.3.2. GVR’s Internal Database 1.3.3. Secondary Sources & Third-Party Perspectives 1.3.4. Primary Research 1.4. Information Analysis 1.4.1. Data Analysis Models 1.5. Market Formulation & Data Visualization 1.6. Data Validation & Publishing Chapter 2. Executive Summary 2.1. Market Outlook 2.2. Segmental Outlook 2.3. Competitive Insights 2.4. Market Snapshot Chapter 3. Thermal Interface Materials Market Variables, Trends, & Scope 3.1. Penetration & Growth Prospect Mapping 3.2. Industry Value Chain Analysis 3.3. Technology Overview 3.4. Regulatory Framework 3.5. Thermal Interface Materials - Value Chain Analysis 3.6. Thermal Interface Materials - Market Dynamics
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3.6.1. Market Driver Analysis 3.6.1.1. Growth of the global pharmaceutical market 3.6.1.2. Growth in end-use industries Continue………….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com
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