Global Battery Thermal Interface Material Market Outlook to 2028

Thermal Interface Materials (TIM) are not a necessary component but are often an essential component found in all manner of electronic and energy storage applications. The mass adoption of electric transportation technologies requires electric energy storage and traction drive systems that offer improved performance, extended range, and fast-charging options. The ever-increasing power density and recharge times of electric vehicle (EV) battery packs necessitate advanced thermal interface materials (TIMs) to provide superior thermal management of the batteries and power electronics. State-of-the-art TIMs play a vital role in maintaining the safe operation and consistent performance of modern EVs.

Drivers:

• Growing demand for high-performance miniaturization and system integration of energy storage systems in modern devices such as medical implants, radiofrequency identifiers, NFCs or smart cards, and microsensor networks
• The growing demand for higher energy density batteries in EVs and energy storage has increased the demand for battery thermal interface material to operate the batteries at low temperatures
• Growing demand for higher performance, more efficient & higher reliability batteries, so battery cell producers are increasing the need for thermal interface materials

Thermal Interface Materials (TIM) remove the excess heat from battery pack cells to regulate battery temperature, improve the functionality of the battery and prolong battery life. Created with application adaptation and the ability to customize, our thermally conductive gap fillers work as heat sinks, providing a thermal path for heat to flow away from the battery.

Types of Battery Thermal Interface Materials:

• Gap Filler Pads: These materials can offer a unique combination of extremely high thermal conductivity and softness. The combined features reduce mechanical stress while maintaining thermal performance. Several offerings are free of silicone, an ideal situation for some applications; some feature no oil bleed. An example is a gap filler pad transferring heat in a densely packed PCB
• Dispensable Gap Fillers: Examples include liquid putty gap fillers, thermal pastes, thermal gels, and thermal greases. They are generally non-electrically conductive. Putty is used to filling in gaps between irregular or unusual surfaces or those that do not touch one another. A popular application of liquid gap fillers is handheld gaming systems. Fragile components, design density, and high operating temperatures are common issues to be resolved

Thermal Interface Material in Electric Vehicle Batteries:

The growing adoption of electric vehicles among consumers has helped to boost the battery market for energy-saving, pollution-reducing vehicles. In addition to the advanced battery technologies, with the high energy power density and fast charging, the battery cell producers are increasing the demand for the thermal interface materials to operate the battery at low and safe operating temperatures.

Thermal Interface Material in Battery Energy Storage Systems:

Battery Energy Storage Systems is expected to play a significant role in decarbonizing the world, including the industrial sector. Energy-intensive industries such as iron, steel, paper, chemicals, fertilizers, and pharmaceuticals help reduce pollution and meet the targets set by regulatory bodies by adopting energy storage systems.

Renewable Energy Storage System is one of the niche markets within the Energy Storage Systems with a high growth potential due to feed-in tariff policies and also to increase the reliability of electricity. Residential ESS networks generally work with photovoltaic systems, where DC voltages are not that high and usually not superior to 500V DC.

Battery thermal interface materials Opportunities:

• Growing usage of lithium ion batteries in power backups, mobile, laptops, electric mobility, energy storage systems, and consumer electronic goods.
• Growing demand for high energy density small space batteries in telecom centers, Data Centres, and others
• Markets with great potential are China, Germany, America, and others

Battery Materials Policies:

• In May 2018, under the European Green Deal policy, the European Commission adopted the strategic action plan on batteries to support the battery value chain in Europe, from raw material extraction, sourcing, and processing, battery materials, cell production, battery systems, and reuse to recycling
• In November 2021, the United States introduced the Federal Consortium for Advanced Batteries (FCAB) to bring Federal agencies interested in domestic manufacturing and supply of lithium ion batteries and are committed to accelerating the development of a robust and secure domestic industrial base
• In March 2022, India introduced the National Programme on Advanced Chemistry Cell Battery Storage (NPACC) under the Production Linked Incentive (PLI) Scheme to support the battery value chain in India, from raw material extraction, sourcing, and processing, battery materials, cell production, battery systems, reuse to recycling

Battery thermal interface material Challenges:

• The production of lithium ion battery materials depends on a reliable supply of raw minerals and processed functional materials. However, the depletion of mineral reserves in countries, namely India, the Philippines, Vietnam, Mexico, Argentina, and Indonesia, is likely to deter market growth
• Growing demand for second-life EV batteries in energy storage systems

Battery Thermal Interface materials Restraint:

• Growing demand for other energy storage technologies such as flow batteries, flywheels, fuel cells, etc
• Increasing demand for hydrogen-based fuel cell vehicles is restraining the growth of battery vehicles

Recent Developments :

• In June 2022, DuPont Mobility & Materials introduced a new eCool technology for extrusion of multilayer cooling lines positioned inside and outside the high voltage battery pack. This solution addresses the challenge posed by increased cooling line requirements in xEVs, a direct result of the vital need to manage heat and energy for maximum battery operation, safety, and range
• In June 2022, Laird Performance Materials, part of DuPont Interconnect Solutions, has capitalized on collaborative innovation with DuPont to introduce Laird™ Ttape™ 1000A thermally conductive adhesive tape, a standalone 50µm adhesive that offers extremely low thermal resistance

Regional Market Analysis

The global battery thermal interface materials market report is segmented based on geography into North America, including the United States, Canada, Mexico, and the Rest of North America; Europe, including Germany, France, United Kingdom (UK), Italy, Russia, and the Rest of Europe; Asia Pacific (APAC) including China, India, Japan, South Korea, Australia, Indonesia, and Rest of APAC; South America including Brazil and Rest of South America; and the Middle East and Africa including Saudi Arabia, Brazil, Nigeria, South Africa, and other countries.

Asia-Pacific is expected to be the leading region in the battery thermal interface materials market during the forecast period, followed by Europe, North America, the Middle East, and South America.

China, Australia, India, Japan, and South Korea are the major Asian-Pacific countries with a strong order book.

Asia Pacific:

The Asia Pacific region has countries that have both developing and established battery markets. For instance, countries such as China, India, South Korea, Japan, Australia, and others have an established large-scale ESS market, EV market, and others are increasing the demand for the battery thermal interface materials market.

The Asia Pacific is expected to be the largest battery thermal interface materials market region during the forecast period. With a target to reduce emissions, energy storage systems demand will rise in the power generation sector, and electric vehicle demand will increase in transportation, especially in China, Japan, India, and others.

The publisher's Battery Thermal Interface materials Market report provides insights into the current market demand environment and prognosis.

The study thoroughly examines the many factors that impact the development of Battery thermal interface materials. The study also comprehensively analyses the battery thermal interface materials by segmenting them based on region (Asia Pacific, North America, Europe, South America, Middle East, Africa), based on types (Gap Filler Pads, Dispensable Gap Fillers, and Others).

The report also discusses current and future market possibilities, trends, advancements, the effect of Covid-19 and the Ukraine and Russian War on the lithium-ion battery materials market, essential developments, regions, and segments poised for the fastest growing competitive landscape. Further, the report will also provide the battery thermal interface materials market size, demand forecast, and growth rates.


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