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UNITED STATES THERMAL INTERFACE MATERIALS MARKET FORECAST 2023-2030

SCOPE OF THE REPORT

United States Thermal Interface Materials Market by Type (Greases & Adhesives, Thermal Pads, Tapes & Films, Phase Change Materials, Metal-based Thermal Interface Materials, Other Types) Market by Application (Automotive Electronics, Computers, Telecom, Consumer Durables, Medical Devices, Industrial Machinery, Other Applications)

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MARKET OVERVIEW

The United States thermal interface materials market is set to grow with a CAGR of 10.29% during the forecasted period, 2023 to 2030, capturing a revenue share of $1171.95 million by 2030.

The United States thermal interface materials market stands poised for robust growth driven by key factors. Accordingly, favorable demographic trends, marked by a growing and aging population, are anticipated to amplify the demand for medical devices, wherein thermal interface materials play a pivotal role in ensuring efficient thermal management. 

The United States automotive industry is experiencing a notable upswing, propelled by escalating demand for vehicles, especially electric and hybrid models. This surge is driving the need for thermal interface materials to efficiently operate electronic components and batteries. In the highly competitive consumer electronics market, dominated by industry giants such as Apple and Samsung, thermal interface materials play a vital role in enhancing thermal performance. With ongoing innovations spearheaded by prominent electronic companies like Apple, Intel, Microsoft, Amazon, and Dell, the thermal interface materials market is set to observe continuous development. 

Furthermore, the United States also holds one of the largest automotive markets globally, with 2020 light vehicle sales reaching $14.5 million units; this solidified its standing as the world’s second-largest market for vehicle sales and production. The national health expenditure demonstrated a growth of 2.7%, reaching $4.3 trillion in 2021, equating to $12,914 per person and constituting 18.3% of the gross domestic product. These economic indicators underscore the favorable environment for the expansion of the thermal interface materials market in the United States during the forecast period.

United States Thermal Interface Materials Market

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The United States thermal interface materials market is segmented into type and application. The application segment includes automotive electronics, medical devices, computers, telecom, consumer durables, industrial machinery, and other applications. The telecom segment represents a significant application growth for thermal interface materials, as modern telecommunications infrastructure relies heavily on electronic equipment that generates substantial amounts of heat during operation. Telecommunication devices, including base stations, routers, switches, and servers, play a crucial role in facilitating data transmission, and their performance and reliability depend on effective thermal management.

Consumer durables encompass a wide range of electronic products, such as smartphones, tablets, gaming consoles, televisions, and home appliances. These devices often face thermal challenges due to their compact designs, integration of powerful processors, and high-performance components. 

Some of the top companies operating in the United States thermal interface materials market include Indium Corporation, Honeywell International Inc, etc.

Indium Corporation, headquartered in the United States, is a leading distributor of the global electronics, thin-film, semiconductor, and thermal management markets. The company’s products include thermal interface materials, solders and fluxes, brazes, gallium, sputtering targets, germanium, indium, and tin metals and inorganic compounds. The company also provides multi-functional antenna products, wireless charging systems, USB hubs and composers.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2030
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Type and Application
Countries AnalyzedThe United States
Companies AnalyzedAAVID Thermalloy LLC, 3M, Dow Chemical Company, Indium Corporation, Honeywell International Inc

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS 
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
    6. MAJOR MARKET FINDINGS
      1. FLOURISHING HEALTHCARE INDUSTRY BOOSTS THERMAL INTERFACE MATERIALS’ DEMAND
      2. INCREASED USAGE OF PCTIM
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. ELECTRIFICATION OF THE AUTOMOBILE INDUSTRY
      2. RISING DEMAND FOR SOPHISTICATED ELECTRONICS
      3. THRIVING LED MARKET
      4. INCREASING NEED FOR SEAMLESS CONNECTIVITY
      5. WIDE INDUSTRIAL APPLICATIONS
    2. KEY RESTRAINTS
      1. PERFORMANCE LIMITED BY PHYSICAL PROPERTIES
      2. DERIVING OPTIMAL OPERATING COSTS FOR END-USERS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. TECHNOLOGICAL ADVANCEMENTS
      2. GROWING COMMERCIAL USE OF MMC AND CMC
    2. PESTLE ANALYSIS
      1. POLITICAL
      2. ECONOMICAL
      3. SOCIAL
      4. TECHNOLOGICAL
      5. LEGAL
      6. ENVIRONMENTAL
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. MARKET CONCENTRATION ANALYSIS
    5. VALUE CHAIN ANALYSIS
      1. RAW MATERIALS SUPPLIERS
      2. MANUFACTURERS
      3. END-USER
    6. KEY BUYING CRITERIA
      1. EASE OF APPLICATION & INSTALLATION
      2. RELIABILITY
      3. PERFORMANCE
      4. TYPE
      5. COMPATIBILITY
  5. MARKET BY TYPE
    1. GREASES & ADHESIVES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. THERMAL PADS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. TAPES & FILMS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. PHASE CHANGE MATERIALS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. METAL-BASED THERMAL INTERFACE MATERIALS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. OTHER TYPES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY APPLICATION
    1. AUTOMOTIVE ELECTRONICS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. COMPUTERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. TELECOM
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. CONSUMER DURABLES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. MEDICAL DEVICES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. INDUSTRIAL MACHINERY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    7. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. 3M
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      2. AAVID THERMALLOY LLC
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      3. DOW CHEMICAL COMPANY
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      4. HONEYWELL INTERNATIONAL INC
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      5. INDIUM CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – THERMAL INTERFACE MATERIALS

TABLE 2: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 4: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 6: LIST OF MERGERS & ACQUISITIONS

TABLE 7: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 8: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: MARKET CONCENTRATION ANALYSIS

FIGURE 4: VALUE CHAIN ANALYSIS

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 7: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY GREASES & ADHESIVES, 2023-2030 (IN $ MILLION)

FIGURE 8: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY THERMAL PADS, 2023-2030 (IN $ MILLION)

FIGURE 9: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY TAPES & FILMS, 2023-2030 (IN $ MILLION)

FIGURE 10: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY PHASE CHANGE MATERIALS, 2023-2030 (IN $ MILLION)

FIGURE 11: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY METAL-BASED THERMAL INTERFACE MATERIALS, 2023-2030 (IN $ MILLION)

FIGURE 12: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY OTHER TYPES, 2023-2030 (IN $ MILLION)

FIGURE 13: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 14: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY AUTOMOTIVE ELECTRONICS, 2023-2030 (IN $ MILLION)

FIGURE 15: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY COMPUTERS, 2023-2030 (IN $ MILLION)

FIGURE 16: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY TELECOM, 2023-2030 (IN $ MILLION)

FIGURE 17: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY CONSUMER DURABLES, 2023-2030 (IN $ MILLION)

FIGURE 18: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY MEDICAL DEVICES, 2023-2030 (IN $ MILLION)

FIGURE 19: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY INDUSTRIAL MACHINERY, 2023-2030 (IN $ MILLION)

FIGURE 20: UNITED STATES THERMAL INTERFACE MATERIALS MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)

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