GLOBAL THERMAL INTERFACE MATERIAL MARKET FORECAST 2018-2026

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GLOBAL THERMAL INTERFACE MATERIAL MARKET FORECAST 2018-2026

 Global thermal interface materials market is estimated to grow at approx.12% of CAGR during the forecasting year. The base year considered for the study is 2017 and the forecast period is 2018 to 2026. The global thermal interface materials (TIM) market is primarily driven by the following factors: Electrification of transportation industry. Rising demand for sophisticated electronics. Growing LED market

GLOBAL THERMAL INTERFACE MATERIALS MARKET FORECAST 2018-2026

Global Thermal Interface Materials Market by Application (Automotive Electronics, Computers Industrial Machinery, Telecom,  Consumer Durables, Medical Devices Market, Industrial Machinery)  by Type (Tapes & Films Market, Metal-based, Greases & Adhesives, Phase Change Materials, Gap Fillers) & by Geography

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Global thermal interface materials market is estimated to grow at approx.12% of CAGR during the forecasting year. The base year considered for the study is 2017 and the forecast period is 2018 to 2026. The global thermal interface materials (TIM) market is primarily driven by the following factors:

  • Electrification of transportation industry
  • Rising demand for sophisticated electronics
  • Growing LED market
  • Increasing need for seamless connectivity
  • Wide industrial applications

Global thermal interface materials market

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The important driver increasing growth in the global thermal interface materials market is the electrification of the transportation industry. The transport industry plays a crucial and important role in the world energy use and greenhouse gas emissions. The introduction of electro-drive vehicles is considered as the most promising option for the TIM market to obtain a win-win situation for the achievement of energy security and increasing energy efficiency. Heat management comprises very high importance in electric vehicles, which contains large energy storage systems. As vehicles are incorporating more and more electrical and electronic devices, the thermal management has become more and more important. In the automotive industry, greases are still used predominantly as thermal interface materials.

Thermal grease also known as thermal paste, thermal gel, heat paste etc. i.e. a compound is a thermally conductive but electrically insulating and normally used as an interface material between the heat sink and heat sources. Most of the microprocessors have irregular top surface. Even some have slight curves, and others have microscopic grooves, producing air voids between the heat sink and microprocessor and hence reducing the heat dissipation capacity of the heat sink. The thermal grease helps to maximize the heat transfer between the interface area by removing air gaps and voids. They are made up of silicone or even hydrocarbon oils loaded with conductive fillers. Most common fillers used are boron nitride, aluminum oxide, zinc oxide etc.

Performance limited by physical properties and high usage of thermal interface materials are the major factors hindering the thermal interface materials market. The conductivity of thermal interface material is majorly determined by using procedures like ASTM D 5470, among others. The new procedure denoted by the bulk resistance method may adversely affect the growth of the market. High usage of thermal interface material is also becoming the major restraint for the growth of the global thermal interface materials (TIM) market.

The global thermal interface materials market segments include types and applications.

Types is segmented into:

  • Tapes & films
  • Metal-based thermal interface materials
  • Greases & adhesives
  • Phase change materials
  • Thermal pads
  • Others

Applications is segmented into:

  • Automotive Electronics
  • Computers
  • Telecom
  • Consumer Durables
  • Medical Devices
  • Industrial Machinery
  • Other applications

The report scope is widely categorized on the basis of its components which include different types of thermal interface materials.

Geographically, the global thermal interface market has been segmented on the basis of four major regions, which includes:

The Asia Pacific region is anticipated to account the largest market share during the forecast period. The dominance of the market is majorly due to high growth in the countries such as China and India. China is known as an automobile manufacturing hub; the country is witnessing inclination of the global automobile manufacturing companies towards setting their manufacturing units in China is expected to act as a great opportunity for the region. Another major country leading to the dominance of APAC is India, rising disposable income in the country is acting as a driver for the consumer durable market, and in turn is driving the thermal interface material market in India. The consumer electronics, automotive industry and LED lightings are some of the major sectors that are driving the growth in the APAC thermal interface material market. The presence of big giants in the consumer durable and the automotive industry is increasing the scope of the APAC region. The key players in the market are, Hyundai, Toyota, Honda, Sony and many more.

The Thermal interface materials Market by type is segmented into tapes & films, metal-based thermal interface materials, greases & adhesives, phase change materials, thermal pads, others. The applications segment is sub-divided into automotive electronics, computers, telecom,  consumer durables, medical devices, industrial machinery, and other applications.

The major market players in the global thermal interface market are:

  • DOW CORNING CORPORATION
  • HENKEL AG & CO KGAA
  • HONEYWELL INTERNATIONAL INC
  • LAIRD TECHNOLOGIES INC
  • ZALMAN TECH CO LTD
  • OTHERS

Company Profiles covers analysis of important players

These companies are using organic and inorganic strategies for growth. For instance, on 1st July 2016, Honeywell International Inc. acquired Intelligrated, a leader in supply chain and warehouse automation technologies. Intelligrated is a leading North American-based, single-source provider of intelligent automated material handling solutions. On 18th December 2015, Laird PLC, the global technology company, announced the acquisition of Novero, a leading integrated vehicle connectivity systems provider, which will enhance Laird’s offering of innovative wireless solutions in one of its core and fastest growing markets. Novero represents an excellent strategic fit and is complementary to Laird’s existing connected vehicle activities. This acquisition will rank Laird as one of the leading global providers of end-to-end connectivity services both into and within the vehicle, providing the broadest portfolio of integrated connectivity solutions.

Key Findings of the global thermal interface market.

  • Electrification of the transport industry and growing LED market is fueling growth in global thermal interface materials market.
  • The Asia Pacific is anticipated to account the largest revenue share in 2017.
  • Greases & adhesives segment is the dominating market due to growing adoption in automotive industry
  • Increasing government support
  • Product launch is the key strategy adopted by the various market players of global thermal interface market.
  • Computer segment is the major application of thermal interface materials.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
    • ESTIMATION METHODOLOGY
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • ASIA PACIFIC DOMINATES GLOBALLY BOTH IN TERMS OF GROWTH RATE AND MARKET SHARE
      • THERMAL PADS IS EXPECTED TO BE THE FASTEST GROWING TYPE OF THERMAL INTERFACE MATERIAL
      • MEDICAL DEVICES IS EXPECTED TO GROW WITH THE FASTEST RATE IN THE APPLICATION SEGMENT
  1. MARKET OVERVIEW
    • MARKET DEFINITION
    • DRIVERS
      • ELECTRIFICATION OF TRANSPORTATION INDUSTRY
      • RISING DEMAND FOR SOPHISTICATED ELECTRONICS
      • GROWING LED MARKET
      • INCREASING NEED FOR SEAMLESS CONNECTIVITY
      • WIDE INDUSTRIAL APPLICATIONS
    • RESTRAINTS
      • PERFORMANCE LIMITED BY PHYSICAL PROPERTIES
    • OPPORTUNITIES
      • APPLICATION AS NANODIAMONDS
      • APPLICATION OF CARBON NANOTUBES AS HEATSINKS
      • INCREASED USAGE OF PHASE CHANGE MATERIALS
    • MARKET CHALLENGES
      • INCREASING COMPETITION AND CONCENTRATION ON DEMAND
      • DERIVING OPTIMAL OPERATING COSTS FOR END USER
  1. MARKET BY APPLICATION
    • AUTOMOTIVE ELECTRONICS
    • COMPUTERS
    • TELECOM
    • CONSUMER DURABLES
    • MEDICAL DEVICES
    • INDUSTRIAL MACHINERY
    • OTHER APPLICATIONS
  2. MARKET BY TYPE
    • TAPES & FILMS
    • METAL-BASED THERMAL INTERFACE MATERIALS
    • GREASES & ADHESIVES
    • PHASE CHANGE MATERIALS
    • THERMAL PADS
    • OTHERS
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCTS
      • BARGAINING POWER OF BUYER
      • BARGAINING POWER OF SUPPLIER
      • INTENSITY OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • ACCURACY AND RELIABILITY
      • COST OF OWNERSHIP AND EASE OF APPLICATION
      • THERMAL PERFORMANCE
      • REUSABILITY/ RE-WORKABILITY
      • STABILITY AGAINST THERMAL SHOCK
      • APPLICATION AREA
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES (U.S.)
      • CANADA
      • MEXICO
    • EUROPE
      • GERMANY
      • UNITED KINGDOM (UK)
      • FRANCE
      • SPAIN
      • ITALY
      • ROE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • ROAPAC
    • REST OF THE WORLD
  5. COMPETITIVE LANDSCAPE
    • CORPORATE STRATEGIES
      • LIST OF PARTNERSHIPS
      • LIST OF MERGERS/ACQUISITIONS
      • PRODUCT LAUNCH
    • COMPANY PROFILES
      • 3M COMPANY
      • AAVID THERMALLOY LLC
      • DOW CORNING CORPORATION
      • EPIC RESINS
      • HENKEL AG & CO. KGAA
      • HONEYWELL INTERNATIONAL INC.
      • INDIUM CORPORATION
      • LAIRD TECHNOLOGIES, INC.
      • MASTER BOND
      • MOMENTIVE PERFORMANCE MATERIALS INC.
      • PARKER HANNIFIN CORPORATION
      • STOCKWELL ELASTOMERICS, INC.
      • THE BERGQUIST COMPANY, INC.
      • WAKEFIELD-VETTE, INC.
      • ZALMAN TECH CO., LTD.

 

LIST OF TABLES

TABLE 1 GLOBAL THERMAL INTERFACE MATERIAL MARKET BY GEOGRAPHY, 2018-2026 ($ MILLION)

TABLE 2 VEHICLE ELECTRIFICATION STANDARDS

TABLE 3 WORLD’S THERMAL INTERFACE OPTIONS WITH PROS AND CONS

TABLE 4 GLOBAL THERMAL INTERFACE MATERIALS MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 5 CONCERNS RELATED TO VARIOUS MATERIALS ASSOCIATED WITH THE ELECTRONIC AUTOMOTIVE

TABLE 6 GLOBAL THERMAL INTERFACE MATERIALS IN AUTOMOTIVE ELECTRONICS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 7 GLOBAL THERMAL INTERFACE MATERIALS IN COMPUTERS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 8 GLOBAL THERMAL INTERFACE MATERIALS IN TELECOM MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 9 MAJORLY USED THERMAL INTERFACE MATERIALS IN TELECOMMUNICATION SECTOR

TABLE 10 GLOBAL THERMAL INTERFACE MATERIALS IN CONSUMER DURABLES MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 11 CONSUMER DURABLE GOODS SPLIT INTO TWO KEY SEGMENTS

TABLE 12 GLOBAL THERMAL INTERFACE MATERIALS IN MEDICAL DEVICES MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 13 GLOBAL THERMAL INTERFACE MATERIALS IN INDUSTRIAL MACHINERY MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 14 GLOBAL THERMAL INTERFACE MATERIALS IN OTHER APPLICATIONS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 15 GLOBAL THERMAL INTERFACE MATERIALS MARKET BY TYPE 2018-2026 ($ MILLION)

TABLE 16 GLOBAL TAPES & FILMS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 17 THERMAL CONDUCTIVITY OF MATERIALS USED FOR METAL TIMS

TABLE 18 GLOBAL METAL-BASED THERMAL INTERFACE MATERIALS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 19 GLOBAL GREASES & ADHESIVES MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 20 GLOBAL PHASE CHANGE MATERIALS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 21 GLOBAL THERMAL PADS MARKET BY GEOGRAPHY2018-2026 ($ MILLION)

TABLE 22 GLOBAL OTHERS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 23 GLOBAL THERMAL INTERFACE MATERIAL MARKET BY GEOGRAPHY 2018-2026($ MILLION)

TABLE 24 NORTH AMERICA THERMAL INTERFACE MATERIALS MARKET BY COUNTRY 2018-2026 ($ MILLION)

TABLE 25 EUROPE THERMAL INTERFACE MATERIALS MARKET BY COUNTRY 2018-2026 ($ MILLION)

TABLE 26 ASIA PACIFIC THERMAL INTERFACE MATERIALS MARKET BY COUNTRY 2018-2026 ($ MILLION)

 

LIST OF FIGURES

FIGURE 1 GLOBAL THERMAL INTERFACE MATERIALS MARKET BY APPLICATION 2018-2026 ($ MILLION)

FIGURE 2 ASIA PACIFIC THERMAL INTERFACE MATERIAL MARKET 2018-2026 ($ MILLION)

FIGURE 3 GLOBAL THERMAL PADS MARKET 2018-2026 ($ MILLION)

FIGURE 4 GLOBAL MEDICAL DEVICES MARKET 2018-2026 ($ MILLION)

FIGURE 5 COST OF HEATING ($ MILLION)

FIGURE 6 GLOBAL THERMAL INTERFACE MATERIALS IN AUTOMOTIVE ELECTRONICS MARKET 2018-2026 ($ MILLION)

FIGURE 7 GLOBAL THERMAL INTERFACE MATERIALS IN COMPUTERS MARKET 2018-2026 ($ MILLION)

FIGURE 8 GLOBAL THERMAL INTERFACE MATERIALS IN TELECOM MARKET 2018-2026 ($ MILLION)

FIGURE 9 APPLICATION OF THERMAL INTERFACE MATERIAL IN TELECOM INDUSTRY

FIGURE 10 GLOBAL THERMAL INTERFACE MATERIALS IN CONSUMER DURABLES MARKET 2018-2026 ($ MILLION)

FIGURE 11 CONSUMER DURABLE MARKET IN INDIA

FIGURE 12 GLOBAL THERMAL INTERFACE MATERIALS IN MEDICAL DEVICES MARKET 2018-2026 ($ MILLION)

FIGURE 13 GLOBAL THERMAL INTERFACE MATERIALS IN INDUSTRIAL MACHINERY MARKET 2018-2026 ($ MILLION)

FIGURE 14 GLOBAL THERMAL INTERFACE MATERIALS IN OTHER APPLICATIONS 2018-2026 ($ MILLION)

FIGURE 15 GLOBAL TAPES & FILMS MARKET 2018-2026 ($ MILLION)

FIGURE 16 GLOBAL METAL BASED THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 17 GLOBAL GREASES & ADHESIVES MARKET 2018-2026 ($ MILLION)

FIGURE 18 PERFORMANCE ANALYSIS OF VARIOUS COMMERCIAL GREASE

FIGURE 19 GLOBAL PHASE CHANGE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 20 TEMPERATURE RANGE AND CORRESPONDING ENTHALPY OF FUSION OF VARIOUS PCM’S

FIGURE 21 GLOBAL THERMAL PADS MARKET 2018-2026 ($ MILLION)

FIGURE 22 GLOBAL OTHERS MARKET 2018-2026 ($ MILLION)

FIGURE 23 THERMAL ENERGY STORAGE IN MEGAWATT (MW)

FIGURE 24 NORTH AMERICA VEHICLES PRODUCTION BY THE COUNTRIES 2015 (MILLION UNITS)

FIGURE 25 NORTH AMERICA LED LIGHTING MARKET 2011-2016 ($ BILLION)

FIGURE 26 US THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 27 MOTOR VEHICLE PRODUCTION IN U.S. 2013-2015 (MILLION UNITS)

FIGURE 28 CANADA THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 29 MEXICO THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 30 MEXICO VEHICLES PRODUCTION 2015-2016 (MILLION UNITS)

FIGURE 31 GERMANY THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 32 PRODUCTION VOLUME BY TOP 10 M&E SECTORS IN GERMANY 2014

FIGURE 33 UK THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 34 FRANCE THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 35 SPAIN THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 36 ROE THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 37 CHINA THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 38 AUTOMOBILE PRODUCTION IN CHINA FROM 2015 TOTAL 2016 (IN 1,000 UNITS)

FIGURE 39 THE MARKET VOLUME OF LED LIGHTINGS IN CHINA FROM 2013-2015 ($ BILLION)

FIGURE 40 INDIA THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 41 JAPAN THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 42 JAPAN AUTOMOBILE PRODUCTION, 2014-2015

FIGURE 43 SOUTH KOREA THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 44 SOUTH KOREA VEHICLES PRODUCTION 2013-2015 (MILLION UNITS)

FIGURE 45 ROAPAC THERMAL INTERFACE MATERIALS MARKET 2018-2026 ($ MILLION)

FIGURE 46 INTERNET USERS IN AFRICA BY REGIONS 2015

FIGURE 47 PERCENTAGE OF INDIVIDUALS USING THE INTERNET BY REGION 2015

FIGURE 48 SALES OF LCD TV’S IN THE MIDDLE EAST AND AFRICA ($ MILLION)

  1. MARKET BY APPLICATION
    • AUTOMOTIVE ELECTRONICS
    • COMPUTERS
    • TELECOM
    • CONSUMER DURABLES
    • MEDICAL DEVICES
    • INDUSTRIAL MACHINERY
    • OTHER APPLICATIONS
  2. MARKET BY TYPE
    • TAPES & FILMS
    • METAL-BASED THERMAL INTERFACE MATERIALS
    • GREASES & ADHESIVES
    • PHASE CHANGE MATERIALS
    • THERMAL PADS
    • OTHERS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES (U.S.)
      • CANADA
      • MEXICO
    • EUROPE
      • GERMANY
      • UNITED KINGDOM (UK)
      • FRANCE
      • SPAIN
      • ITALY
      • ROE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • ROAPAC
    • REST OF THE WORLD

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