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Thermal Interface Materials Market Is Anticipated To Register Around 11.3% CAGR From 2022-2030


The global thermal interface materials market size is expected to reach USD 4.75 billion by 2030, according to a new study by Polaris Market Research.

The market is driven by factors such as increasing adoption of automation solutions, miniaturization of electronic devices, and growing demand for high-speed computing solutions. Greater penetration of smartphones and other mobile devices accelerates across the globe, and growth in manufacturing, industrial, and telecommunication industries would offer growth opportunities during the forecast period.

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The different types of thermal interface materials include tapes and films, elastomeric pads, greases & adhesives, metal-based interface material, and others. The greases and adhesives segment accounted for a major share in the market in 2021. However, the demand is expected to increase in the coming years owing to a rise in applications in automotive, telecommunication, and applications.

Based on application, the industry is segmented into computers, medical devices, telecom, automotive electronics, consumer durables, industrial machinery, and others. The computers segment accounted for a significant revenue share in 2021 owing to rising demand for desktops and laptops and growth in online education platforms.

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The automotive segment is expected to experience significant growth during the forecast period on account of greater demand for thermal interface materials to accommodate high voltage systems in electric vehicles.

Asia-Pacific is expected to grow at a high CAGR during the forecast period. Increasing industrial growth and urbanization have resulted in greater demand for consumer devices, supporting the growth of the industry. There has been a rise in the adoption of electric and hybrid vehicles in Asia-Pacific, leading to an increase in demand for miniaturized and high-performing electronics. Growth in healthcare expenditure in the region and technological advancements associated with medical devices are expected to offer growth opportunities during the forecast period.  

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Polaris Market Research has segmented the management system certification market report on the basis of certification, service, application, and region:

 

Polaris Market Research has segmented the thermal interface materials market report based on composition, type, application, and region:

 

Thermal Interface Materials, Composition Outlook (Revenue – USD Billion, 2018 – 2030)

  • Epoxy
  • Polyimide
  • Silicone
  • Others

Thermal Interface Materials, Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Tapes And Films
  • Elastomeric Pads
  • Greases & Adhesives
  • Phase Change Materials
  • Metal Based Thermal Interface Materials
  • Others

Thermal Interface Materials, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Computers
  • Medical Devices
  • Telecom
  • Automotive Electronics
  • Consumer Durables
  • Industrial Machinery
  • Others

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