Global Thermal Interface Materials Market Forecast to 2030
The global Thermal Interface Material (TIM) market size is expected to reach USD 7.34 Billion in 2030 and register a revenue CAGR of 10.0% over the forecast period, according to the latest analysis by Emergen Research. Thermal interface material market revenue growth is primarily driven by factors such as rapid industrialization in developing countries and significantly high demand for consumer electronics globally. Also, increasing applications of TIM in industrial machinery are driving revenue growth in the market. Application of TIM in machinery helps to maintain low temperatures of components by reducing heat transfer. This can be achieved through improved insulation or by using materials with high specific resistance properties.
The comprehensive and significant market research study on Thermal Interface Material offers business strategies, qualitative and quantitative analyses, and emerging trends. The report provides an in-depth examination and analysis of the key elements of the global Thermal Interface Material Market. By conducting extensive primary and secondary research and analyzing the drivers, constraints, challenges, trends, and opportunities of the Thermal Interface Material Market, the research analysts created this report.
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Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
Parker Hannifin Corporation, Indium Corporation, Dow Inc., 3M Company, Wakefield Thermal, Inc., DuPont De Nemours, Inc, Henkel AG Co. KGaA, Fujipoly, Momentive, and Honeywell International Inc
The report offers insightful information about the market dynamics of the Thermal Interface Materials market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Thermal Interface Materials market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Thermal Interface Materials market.
Radical Highlights of the Thermal Interface Materials Market Report:
Comprehensive overview of the Thermal Interface Materials market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and RD advancements on the Thermal Interface Materials market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Some Key Highlights From the Report
On 20 January 2022, 3M expanded its operations in Clinton, Tenn to create new jobs. The organization plans to invest approximately USD 470 million and add around 600 new jobs by 2025.
By product type, the phase change materials segment accounted for a significantly robust revenue share in 2021. Phase change materials maintain a consistent temperature at their melting point while undergoing solid to liquid transition, enabling material to offer exceptional temperature control between surfaces. Phase change materials find usage in construction as demand for cooler and environment-friendly buildings is growing. TIM acts as heat storage where heat is absorbed in summers and used in winter to manage temperature differences. In addition, with a rise in demand and supply energy gap owing to rapid urbanization and depletion of fossil fuel resources, there is a need for development of technologies with renewable energy sources. For instance, on 18 June 2020, Sumitomo Chemical Co., Ltd. developed a new resin heat storage material, HEATORAGE. This product is designed to absorb and release latent heat at a specific temperature range.
By application, the telecom segment revenue is expected to register a rapid revenue growth rate during the forecast period owing to rapid traction of a cashless and digital economy, which is resulting in increasing data volumes and traffic on servers, leading to heating of components. In a traditional base station, TIM is used in baseband as well as remote radio head unit. 5G stations are being rolled out in several places, which are providing future opportunities for advancements in thermal interface materials. In addition, telecom companies in various regions are focusing on accelerating digital transformation of governmental organizations and private sectors. On 8 October 2021 for instance, Oracle, TIM (Telecom Italia), and Noovle, TIM Group's cloud company collaborated to offer multi-cloud services for enterprises and public sector organizations in Italy. This collaboration is also aimed at boosting digital innovation, thereby digitizing business and public administration, for which Oracle Fusion Cloud Enterprise Resource Planning (ERP) was selected to optimize the finance and supply chain process, aiding in new revenue growth in Italy.
Europe market is expected to register a rapid revenue growth rate during the forecast period. This can be attributed to technological developments followed by product innovations that have led to a rise in consumption of thermal interface materials in this region. Major contributors to Europe revenue share are Germany, France, Italy, the UK, and Spain. On 6 June 2021, Telecom Italia launched first ‘5G Cloud network’ in Italy. This solution was launched by Noovle’s in collaboration with Google Cloud and Ericsson. Also, on 20 September 2021, Henkel launched Bergquist Gap Filler TGF 3000SF in Germany. The product has excellent dielectric strength that is ideal for high voltage applications.
Thermal Interface Materials Market Segmentation:
The report bifurcates the Thermal Interface Materials market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Product Type Outlook (Revenue, USD Billion; 2018–2030)
Phase Change Materials
Metal-Based Thermal Interface Materials
Material Outlook (Revenue, USD Billion; 2018–2030)
Application Outlook (Revenue, USD Billion; 2018–2030)
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the Thermal Interface Materials Market report is an exhaustive database that will help readers formulate lucrative strategies. The Thermal Interface Materials Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Thermal Interface Materials market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Thermal Interface Materials with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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