Market Overview:
The global thermal interface materials market grew at a CAGR of around 12% during 2014-2019. Thermal interface materials (TIMs) refer to various products that are used for facilitating dissipation and transfer of heat in electronic devices. They act as an insertion material between two mechanically mated surfaces, such as the heat-generating chip and the dissipating device. Some of the common types of TIMs include gap filler pads, graphite films, adhesives and greases, phase-change materials, thermally conductive fabrics and rubber, and green heat-conducting sponges. They disperse the heat and bring the electronic device to the ambient temperature to ensure optimal functioning. Owing to this, they find application in the manufacturing of semiconductor packaging, communication and consumer devices, power electronics and automobile components.
Rapid industrialization, especially in the emerging economies, along with a significant increase in the demand for consumer electronics across the globe, is one of the key factors driving the growth of the market. In line with this, owing to the ongoing trend of sustainability, automotive manufacturers are incorporating TIMs in music systems and interior automation components to minimize greenhouse gas (GHG) emissions and energy consumption. Furthermore, widespread product adoption in the electronics industry is also providing a boost to the market growth. TMIs are increasingly utilized to manufacture compact, portable, energy-efficient and durable light-emitting diode (LED) lights that are used for both residential and industrial sectors. Additionally, various technological advancements and product innovations, such as the development of nanodiamonds and the integration of electronic devices with the Internet of Things (IoT), is creating a positive impact on the market growth. Other factors, including the growing demand for miniaturized devices and the utilization of multi-functional TMIs, are projected to drive the market further. Looking forward, IMARC Group expects the global thermal interface materials market to continue its strong growth during the next five years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global thermal interface materials market report, along with forecasts for growth at the global, regional and country-level from 2020-2025. Our report has categorized the market based on region, product type, and application.
Breakup by Product Type:
- Tapes and Films
- Elastomeric Pads
- Greases and Adhesives
- Phase Change Materials
- Metal Based Materials
- Others
Breakup by Application:
- Telecom
- Computer
- Medical Devices
- Industrial Machinery
- Consumer Durables
- Automotive Electronics
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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., etc.
Key Questions Answered in This Report:
Due to the coronavirus disease (COVID-19) outbreak and lockdowns imposed by governments of numerous countries, the operational efficiency of several manufacturing units has declined. This, in turn, is negatively impacting the market growth.
The global thermal interface materials market was worth around US$ 1.3 Billion in 2019.
According to the estimates by IMARC Group, the global thermal interface materials market will exhibit strong growth during the next five years.
Rapid industrialization, especially in the developing economies, the escalating demand for miniaturized devices and the increasing utilization of multi-functional thermal interface materials (TIMs) are among the key factors impelling the market growth.
With the growing environmental concerns, there is a rise in the utilization of TIMs in the production of light-emitting diode (LED) lights and automotive components. This, along with the development of nanodiamonds, represents one of the major trends in the market.
Based on the product type, the market has been divided into tapes and films, elastomeric pads, greases and adhesives, phase change materials, metal-based materials, and others.
On the basis of the application, the market has been categorized into telecom, computer, medical devices, industrial machinery, consumer durables, automotive electronics and others.
Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.
Leading industry players are 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 and Zalman Tech Co. Ltd.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Thermal Interface Materials Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Tapes and Films
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Elastomeric Pads
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Greases and Adhesives
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Phase Change Materials
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Metal Based Materials
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Application
7.1 Telecom
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Computer
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Medical Devices
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Industrial Machinery
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Consumer Durables
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Automotive Electronics
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Indicators
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 3M Company
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Dow Inc.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.3 Henkel AG & Co. KGaA
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Honeywell International Inc.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Indium Corporation
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Kitagawa Industries America Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Laird Technologies Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Momentive Performance Materials Inc.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Parker-Hannifin Corporation
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Zalman Tech Co., Ltd.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Thermal Interface Materials Market: Major Drivers and Challenges
Figure 2: Global: Thermal Interface Materials Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Thermal Interface Materials Market: Breakup by Product Type (in %), 2019
Figure 4: Global: Thermal Interface Materials Market: Breakup by Sales Channel (in %), 2019
Figure 5: Global: Thermal Interface Materials Market: Breakup by Application (in %), 2019
Figure 6: Global: Thermal Interface Materials Market: Breakup by Region (in %), 2019
Figure 7: Global: Thermal Interface Materials Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: Thermal Interface Materials (Tapes and Films) Market: Sales Value (in Million US$), 2014 & 2019
Figure 9: Global: Thermal Interface Materials (Tapes and Films) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: Global: Thermal Interface Materials (Elastomeric Pads) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Thermal Interface Materials (Elastomeric Pads) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Thermal Interface Materials (Greases and Adhesives) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Thermal Interface Materials (Greases and Adhesives) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Thermal Interface Materials (Phase Change Materials) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Thermal Interface Materials (Phase Change Materials) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Thermal Interface Materials (Metal Based Materials) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Thermal Interface Materials (Metal Based Materials) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Thermal Interface Materials (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Thermal Interface Materials (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Thermal Interface Materials (Telecom) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Thermal Interface Materials (Telecom) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Thermal Interface Materials (Computer) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Thermal Interface Materials (Computer) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Thermal Interface Materials (Medical Devices) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Thermal Interface Materials (Medical Devices) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Thermal Interface Materials (Industrial Machinery) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Thermal Interface Materials (Industrial Machinery) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Global: Thermal Interface Materials (Consumer Durables) Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Global: Thermal Interface Materials (Consumer Durables) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Global: Thermal Interface Materials (Automotive Electronics) Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Global: Thermal Interface Materials (Automotive Electronics) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Global: Thermal Interface Materials (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Global: Thermal Interface Materials (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: North America: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: North America: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: United States: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: United States: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Canada: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Canada: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: Asia Pacific: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: Asia Pacific: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: China: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: China: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Japan: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Japan: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: India: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: India: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: South Korea: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: South Korea: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: Australia: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: Australia: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: Indonesia: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: Indonesia: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: Others: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: Others: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: Europe: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: Europe: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Germany: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Germany: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: France: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: France: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: United Kingdom: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: United Kingdom: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Italy: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Italy: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Spain: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Spain: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Russia: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Russia: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Others: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Others: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Latin America: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Latin America: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Brazil: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Brazil: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: Mexico: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: Mexico: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: Others: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 79: Others: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: Middle East and Africa: Thermal Interface Materials Market: Sales Value (in Million US$), 2014 & 2019
Figure 81: Middle East and Africa: Thermal Interface Materials Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 82: Global: Thermal Interface Materials Industry: SWOT Analysis
Figure 83: Global: Thermal Interface Materials Industry: Value Chain Analysis
Figure 84: Global: Thermal Interface Materials Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Thermal Interface Materials Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Thermal Interface Materials Market Forecast: Breakup by Product Type (in Million US$), 2020-2025
Table 3: Global: Thermal Interface Materials Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 4: Global: Thermal Interface Materials Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 5: Global: Thermal Interface Materials Market Structure
Table 6: Global: Thermal Interface Materials Market: Key Players