(MENAFNEditorial) According to Stratistics MRC, the Global Thermal Interface Materials market accounted for $570 million in 2015 and is expected to grow up to $1,186 million by 2022 growing at a CAGR of 11.03% from 2015 to 2022. The increasing LED market, better connectivity, stylish electronics Electrification of transport are the factors that are driving the market growth. However, physical properties are one of the factors hindering the growth of market. The major market share is captured by computer segment. With electronic systems becoming faster, hotter, more compact, and portable, the need for better TIMs in consumer and industrial computing will continue.
Greases & Adhesives segment is the dominating the material market. Asia Pacific region is the largest and fastest growing market for greases & adhesives segment. Thermal grease was used to fill gaps between power devices and heat sinks and they remain popular in consumer electronics and industrial computing. Asia Pacific region leads the market globally with the biggest market share and is expected to grow with a high CAGR among the other regions. In Asia Pacific, China, Japan, South Korea, and India are the leading markets for Thermal Interface Materials.
Some of the key players in the global market include Henkel AG & Co. KGAA, DOW Corning Corporation, 3M Company, Parker Hannifin Corporation, Honeywell International Inc., Indium Corporation, Momentive Performance Materials Inc., The Bergquist Company, Inc., Laird Technologies, Inc., Zalman Tech Co., Ltd., Fujipoly, Graftech International Holdings Inc., Stockwell Elastomerics, Inc., Wakefield-Vette, Inc., and MH&W International.
Thermal Interface material types covered:
Thermal Pads
Thermal Grease
Phase Change Material
Gaps Fillers
Metal-Based TIMs
Greases & Adhesives
Products covered:
IGBT
Power Transistors
Thyristor
Mosfet
Application Covered:
Power supply units
Consumer Electronics
Telecom Equipment
Industrial Machinery
Automotive Electronics
Computers
Medical Devices
Others
Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
For more information, visit:
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