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Thermal Interface Materials Market - Forecast (2020 - 2025)

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  • 104 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 3973676
The report provides detailed report of the types and applications of Thermal interface materials (TIM) implemented in various end user industries all over the world. The Global Thermal Interface Materials market recorded annual revenue of $1407.13 million in 2017 and is estimated to grow at a CAGR of 7.4% during the forecast period 2018-2023. Gap filler is the major segment which holds almost 23.8% of the market share and is estimated to grow at a CAGR of 7.8% during the forecast period. Amongst all the applications, Telecommunications have the highest CAGR of 8.1% and is expected to grow rapidly till 2023. Usage of carbon nanotubes is a recent development in the field of thermal interface materials, they give better performance along with occupying relatively very less surface area. Asia-Pacific region has dominated the market with annual revenue of $830 million in 2017 and is estimated to grow at a CAGR of 8.0% during the forecast period.

What are Thermal Interface Materials?

The Thermal Interface Materials (TIM) are subordinate materials inserted between the heat sink as well as the devices which enhance thermal transfer to the heat sink. They are used in various electronic applications such as electric vehicles, CPUs/Desktops, smartphones, tablets, architectural and industrial lighting and more. The major driver for this industry is the demand from major end user industries such as consumer electronics. The different types of thermal interface materials commercially available in the market are tapes and films, greases and adhesives, gap fillers, phase change materials, metal based TIMs and more.

What are the major applications for Thermal Interface Materials?

Various applications of Thermal Interface Materials include Desktops, tablets, smartphones, electric vehicles, Bluetooth smart watches, LEDs, data centers, GaN semiconductors, industrial lighting devices, graphic cards and more. The end-users include Telecommunications, Medical, Automotive & Power Electronics, Consumer Electronics, Industrial, Automotive & Power Electronics and more.

 Thermal Interface Materials Market

Market Research and Market Trends of Thermal Interface Materials

The new class of Thermal Interface Materials delivers ultralow thermal resistance for compact power electronics. When electronics get more compact and robust, the heat dissipated per unit area of the electronic devices increases and moving components of machinery operate at higher speeds, creating additional heat. Thermal Interface Materials enable the removal of heat generated from the operation of electro-chemical, electronic and mechanical devices. These new TIMs fill the gaps between thermal transfer surfaces such as microprocessors and power electronics devices, and the heat sinks to increase thermal transfer efficiency.

A new generation of polymer-based TIMs are introduced in the chemical industry, which uses boron nitride nanosheet (BNNS) fillers to enhance thermal conductivity. BNNS is a two-dimensional crystalline form of hexagonal boron nitride (h-BN), also known as white graphene. It has a similar geometry to all of its carbon analog graphene but few very different properties. A recent study demonstrates that an h-BN thin film composed layer-by-layer of laminated h-BN nanosheets can enhance lateral heat dissipation on a substrate. Thermal performance has improved with the boron nitride coating due to its anisotropic thermal conductivity.

Who are the Major Players in Thermal Interface Materials Market?

The companies referred to in the market research report includes Honeywell International Inc., Henkel, Dow Corning, 3M Company, Parker Hannifin Corporation, Laird PLC, Momentive and more than 25 companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Table of Contents

1. Thermal Interface Materials Market - Overview
1.1. Definitions and Scope
2. Thermal Interface Materials Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Thermal Interface Materials Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Thermal Interface Materials Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes
5. Thermal Interface Materials Market - Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share
6. Thermal Interface Materials Market – By Type (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Thermal Greases
6.3.2. Gap Fillers
6.3.3. Adhesives & Tapes
6.3.4. Metal-Based TIM
6.3.5. Phase Change Materials
6.3.6. Thermal compounds
6.3.7. Thermal pads
6.3.8. Heat Spreaders
6.3.9. Epoxies
7. Thermal Interface Materials Market – By Application (Market Size -$Million / $Billion)
7.1. Mobile devices
7.2. Tablets
7.3. Electric Vehicles
7.4. Bluetooth Smart watch
7.5. Desktops
7.6. Laptops
7.7. LEDs
7.8. Data Centers
7.9. GaN Semiconductors
7.10. Chipsets
7.11. Graphic cards
8. Thermal Interface Materials – By End Use Industry(Market Size -$Million / $Billion)
8.1. Segment type Size and Market Share Analysis
8.2. Application Revenue and Trends by type of Application
8.3. Application Segment Analysis by Type
8.3.1. Computers (IT/Enterprise)
8.3.2. Telecom
8.3.3. Medical
8.3.4. Automotive & Power Electronics
8.3.5. Consumer Electronics
8.3.6. Industrial
8.3.7. Chemical
8.3.8. Others
9. Thermal Interface Materials - By Geography (Market Size -$Million / $Billion)
9.1. Thermal Interface Materials Market - North America Segment Research
9.2. North America Market Research (Million / $Billion)
9.2.1. Segment type Size and Market Size Analysis
9.2.2. Revenue and Trends
9.2.3. Application Revenue and Trends by type of Application
9.2.4. Company Revenue and Product Analysis
9.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
9.3. Thermal Interface Materials - South America Segment Research
9.4. South America Market Research (Market Size -$Million / $Billion)
9.4.1. Segment type Size and Market Size Analysis
9.4.2. Revenue and Trends
9.4.3. Application Revenue and Trends by type of Application
9.4.4. Company Revenue and Product Analysis
9.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
9.5. Thermal Interface Materials - Europe Segment Research
9.6. Europe Market Research (Market Size -$Million / $Billion)
9.6.1. Segment type Size and Market Size Analysis
9.6.2. Revenue and Trends
9.6.3. Application Revenue and Trends by type of Application
9.6.4. Company Revenue and Product Analysis
9.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
9.7. Thermal Interface Materials – APAC Segment Research
9.8. APAC Market Research (Market Size -$Million / $Billion)
9.8.1. Segment type Size and Market Size Analysis
9.8.2. Revenue and Trends
9.8.3. Application Revenue and Trends by type of Application
9.8.4. Company Revenue and Product Analysis
9.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
10. Thermal Interface Materials Market - Entropy
10.1. New product launches
10.2. M&A's, collaborations, JVs and partnerships
11. Thermal Interface Materials Market Company Analysis
11.1. Market Share, Company Revenue, Products, M&A, Developments
11.2. Henkel
11.3. Dow Corning
11.4. 3M Company
11.5. Parker Hannifin Corporation
11.6. Laird PLC
11.7. Momentive
11.8. Honeywell International Inc
12. Thermal Interface Materials Market - Appendix
12.1. Abbreviations
12.2. Sources
13. Thermal Interface Materials Market - Methodology
13.1. Research Methodology
13.1.1. Company Expert Interviews
13.1.2. Industry Databases
13.1.3. Associations
13.1.4. Company News
13.1.5. Company Annual Reports
13.1.6. Application Trends
13.1.7. New Products and Product database
13.1.8. Company Transcripts
13.1.9. R&D Trends
13.1.10. Key Opinion Leaders Interviews
13.1.11. Supply and Demand Trends