Drivers and Trends Benefits Thermal Interface Materials Market to Grow at 7.8% CAGR

According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Thermal Interface Materials Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

Global Thermal Interface Materials Market Analysis and Size

The Global Thermal Interface Materials Market size is valued at USD 3.5 billion in 2023 & is estimated to grow at a CAGR of around 7.8% during the forecast period, i.e., 2024-30.

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Some of the major players operating in the Thermal Interface Materials Market are DuPont (Laird), 3M, Honeywell International Inc., Momentive Performance Materials, Semikron Danfoss, Henkel Corporation, Parker Hannifin Corp., Wacker Chemie AG, Dow, Wakefield Thermal, Inc., Indium Corporation, Shin-Etsu Chemical Co., Ltd., Panasonic Corporation, Fujipoly, Arctic Silver, Inc., Others.

Global Thermal Interface Materials Market Opportunity:

Rising Adoption of Electric Vehicles (EVs) to Open New Doors for Market Growth – The global shift towards electric vehicles has created a significant opportunity for Thermal Interface Materials Industry. The phenomenon of climate change and global warming has prompted governments and businesses to look for cleaner alternatives to fossil fuels. The responses to such changes gave rise to the popularity of EVs. EVs use lithium-ion batteries as a fuel instead of fossil fuels. These batteries require efficient thermal management to obtain optimal performance, which is where the TIMs come in.

As EV adoption grows, the demand for TIMs will grow parallel to it due to need for the advanced thermal management solutions. These TIMs are a necessary component to ensure that the Lithium-Ion batteries work in the range of safe temperature and not leading to overheating or potential thermal runaways. Moreover, as the investments in making an efficient battery pack increase, giving rise to a consequent innovation in TIMs, bringing in accelerated growth in the Market.

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Market Segment and Geographical Analysis

By Type

Adhesives & Greases- Market Size & Forecast 2019-2030, Thousand Tons
Tapes- Market Size & Forecast 2019-2030, Thousand Tons
Elastomeric Pads- Market Size & Forecast 2019-2030, Thousand Tons
Paste & Gel- Market Size & Forecast 2019-2030, Thousand Tons
Phase Change Materials- Market Size & Forecast 2019-2030, Thousand Tons
Advanced Materials- Market Size & Forecast 2019-2030, Thousand Tons
Others- Market Size & Forecast 2019-2030, Thousand Tons

By Application

Computers- Market Size & Forecast 2019-2030, Thousand Tons
Telecom- Market Size & Forecast 2019-2030, Thousand Tons
Medical Devices- Market Size & Forecast 2019-2030, Thousand Tons
Consumer Durables- Market Size & Forecast 2019-2030, Thousand Tons
Automotive Electronics- Market Size & Forecast 2019-2030, Thousand Tons
Renewable Energy- Market Size & Forecast 2019-2030, Thousand Tons
Industrial Equipment- Market Size & Forecast 2019-2030, Thousand Tons
Others (LED lighting, etc.)- Market Size & Forecast 2019-2030, Thousand Tons

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

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