The global thermal interface materials market is expected to reach USD 3.59 billion by 2025. Thermal interface materials are expected to witness substantial gains over the forecast period on account of their increasing usage in automotive, medical and consumer goods applications.
Growing demand for electric vehicles in China and India owing to increasing awareness regarding harmful emissions including CO2, government initiatives and lower operating & maintenance costs will propel market size. Electrification of the automotive along with the introduction of nanodiamonds in the thermal interface materials as they increase the conductivity of the product will create new growth opportunities over the forecast period.
Increasing demand for consumer durables including washer tops & lids, refrigerators, dryer drums, water heaters, microwave oven cavities, range housings, air conditioner cabinets, vacuum cleaners, dishwashers, and freezer cabinets will stimulate industry development. Europe accounted for 23.8% of the global share in 2015 and is projected to witness gains in light of growing demand for e-bikes in UK, Germany, and the Netherlands. In addition, introduction of hybrid vehicles, presence of a well-established healthcare infrastructure and high adoption of advanced diagnostic technology will fuel market development over the next nine years.
- The 3M Company
- Dow Corning
- Indium Corporation
- Parker Chomerics
- Laird Technologies
- Momentive Performance Materials Inc.
- AIM Specialty Materials
- Wakefield-Vette, Inc.
- AOS Thermal
- DK Thermal
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Market Variables, Trends & Scope
4. Thermal Interface Materials Market: Product Estimates & Trend Analysis
5. Thermal Interface Materials Market: Application Estimates & Trend Analysis
6. Thermal Interface Materials Market: Regional Estimates & Trend Analysis
7. Competitive Landscape
8. Company Profiles
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