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GLOBAL THERMAL INTERFACE MATERIAL MARKET FORECAST 2018-2026

GLOBAL THERMAL INTERFACE MATERIAL MARKET FORECAST 2018-2026

  • March 2018
  • 120 pages
  • ID: 5337897
  • Format: PDF
  • By Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The global thermal interface material market generated revenue $ 1509.2 million in the year 2017. The market is anticipated to grow at 12.00% of CAGR throughout the forecasting years 2018-2026. The key driver augmenting the thermal interface market growth across the globe is the development in the transportation industry. Thus, the market is forecasted to reach $ 4147.3 million by the year 2026.

MARKET INSIGHTS
The thermal interface material market is segmented on the basis of type, and application. The type market is dominated by the thermal pads segment, owing to the rising application in computing and electronics industry.

In the application segment, medical devices are projected to witness significant growth on account of rising demand for medical electronics in growing aging population, disease prevalence, and home healthcare services & devices.

High investment in the automotive electronics market by various economies is boosting the automotive industry. Since it is one of the major end-user of the thermal interface materials, it is acting as a booster for the thermal interface materials market.

REGIONAL INSIGHTS
The global thermal interface material market is classified into four key regions such as North America, Europe, Asia Pacific, and rest of world. The Asia Pacific region possess the highest market share over the estimated years.

The major factors responsible for this dominance are increasing growth in emerging economies like India and China. North America is the second largest market for thermal interface materials due to the rising demand from the automotive industry for the electric vehicles. Moreover, the North America automotive industry holds the largest share in the growth of the North America thermal interface materials.

Europe has made significant growth in the thermal interface material market majorly due to the increasing medical device application market. The rest of world comprises of countries like Latin America, and the Middle East and Africa.

COMPETITIVE INSIGHTS
The leading players in the global thermal interface material market are 3M Company, Aavid Thermalloy LIC, Dow Corning Corporation, Epic Resins, Henkel Ag & Co. Kgaa, Honeywell International Inc., Indium Corporation, Laird Technologies, Inc., Master Bond, Momentive Performance Materials Inc., Parker Hannifin Corporation, Stockwell Elastomerics, Inc., The Bergquist Company, Inc., Wakefield-Vette, Inc., and Zalman Tech Co., Ltd.

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