Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026.
Sheridan, United States - August 10, 2021 /MarketersMedia/ —
According to IMARC Group’s latest report, titled “Thermal Interface Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global thermal interface materials market grew exhibited strong growth during 2015-2020. Thermal interface materials are widely used to facilitate heat dissipation between two heat-producing devices. They are generally made up of silicone and offer a thick bond line that aims to provide effective heat transfer while enhancing the performance and shelf life of electronic devices. Some of the commonly utilized thermal interface materials are adhesive tapes, phase-change materials, potting compounds, liquid adhesives, and gels and greases.
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The global market is primarily driven by the rising demand for consumer electronic devices across the globe. Along with this, the increasing usage of thermal interface materials in the automotive sector for manufacturing automobile electronics is creating a positive outlook for the market. Also, their widespread utilization in the manufacturing of energy-efficient light-emitting diode (LED) is further providing an impetus to the market growth. Some of the other factors contributing to the market growth including the inflating disposable income levels of the masses and extensive research and development (R&D) activities. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
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.
Market Segmentation:
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 (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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