Global Thermal Interface Materials Market Size 2017 By Product (Tapes & Films, Elastomeric Pads, Greases & Adhesives, Phase Change Materials and Metal-Based), by Application (Telecom, Computer, Medical Devices, Industrial Machinery, Consumer Durables and Automotive Electronics), By Region and Forecast 2018 to 2025
Jan 2019
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The global thermal interface materials market size was valued at USD 1.53 billion in 2017. The rapid expansion of the electronics industry and medical industry in developing countries is the primary factor contributing towards the global thermal interface material industry growth. Furthermore, the rising popularity of electric vehicles is projected to boost the market demand during the forecast period.
Global Thermal Interface Materials Market Value, 2015-2025 (USD Billion)
Thermal interface materials are defined as any substrates used between the two component interfaces to improve the thermal coupling between these devices. Thermal interface materials are used in a number of industrial sectors such as consumer devices, LED lighting products, computers, telecommunication infrastructure, renewable energy, automotive, medical equipment, and military/industrial equipment. The strongest areas of growth are expected in thin-film photovoltaics, LEDs, medical devices and consumer electronics, with slower growth in mature computer, military and automotive sectors. The rising applications are accelerated by the development of new technologies such as phase change and metallic thermal interface materials especially for high-temperature applications that are likely to impact the global thermal interface materials market size in the future. The performance of a thermal interface material depends on the structure of the interface between the thermal interface material and each of the two surfaces, in addition to depending on the structure and thickness of the thermal interface material.
Greases & adhesives segment accounted for 32% of the global thermal interface materials market share in 2017. High effective thermal conductivity, low thermal resistance, and low cost are the advantages offered by the product which has resulted in its extensive use. Since thermal greases do not need to be coated and cured into a sheet and then cut to shape, manufacturing costs are comparatively low. Because they do not cure, thermal greases can easily be wiped clean from the surface of defective parts for rework, using a clean rag or aided by ozone-safe methylsiloxane fluids. The product is predominantly used in the automotive industry as interface materials. The other applications of the product include mobile, desktop, power conversion equipment, UPS, and semiconductors.
Global Thermal Interface Material Market Share, by Application, 2017 (%)
Consumer durables application was valued at USD 269.9 million in 2017 in the global thermal interface materials market. These materials are used in the consumer electronics industry as large amounts of heat must be dissipated from the semiconductor device junction to the environment. Thermal interface materials find a wide range of applications in consumer electronics, as it plays a major role in helping to smooth out temperature fluctuations. It is the only technology that can reduce the increase in temperature in semiconductor applications without significant cost and space costs.
Asia Pacific is expected to remain at the forefront of the global demand for electronics. The demand for thermal interface materials in Asia Pacific is growing due to the rapid penetration of the internet in developing countries. Media is rapidly occurring in digital formats across the world. The increase in the number of devices able to support digital media and the growing speed of internet access have given consumers the option to access media content anywhere, increasing the demand for larger displays such as laptops and tablets, which are expected to increase consumption in the electronics industry. There is a marked shift in consumer preferences to digital media consumption in comparison with traditional media forms, including television, print, and radio. During the forecast period, the electronics industry will continue to grow and thus, drive the global thermal interface materials market size.
Asia Pacific accounted for 35.9% of the global thermal interface materials market size in 2017 and is projected to grow at a CAGR exceeding 11% during the forecast period between 2018 and 2025. This growth can be attributed to the growing automotive manufacturing base in the region and increasing demand for electric vehicles. China is the region’s largest automotive manufacturing country. In 2016, China’s annual production of automotive accounted for approximately 30% of world automotive production. The automotive market in China has attracted many well-established foreign brands to invest in the country’s automotive production.
In order to promote NEV (new energy vehicle) sales, China and India have introduced various measures, such as tax exemptions & subsidies for buying cars as a way to save energy and reduce air pollution. These factors are expected to drive the demand for thermal interface materials in the coming years.
The Indian Government has taken several initiatives to promote a healthy environment for the growth of the country's manufacturing sector. The ‘Make in India’ policy by the Indian government is one of the factors that will act as another growth driver for the market growth. ‘Make in India’ is a way to promote domestic manufacturing in India to reduce import dependence. India is on the way to becoming a hub for high-tech manufacturing with the help of this drive as global giants such as Siemens, Toshiba, HTC GE and Boeing have either set up or are in the process of setting up manufacturing facilities in India, thus, attracting more than a billion consumers from India's market tapping into the increasing purchasing power. Rapid industrial development along with the growth of consumer electronics and medical devices industries are expected to offer growth opportunities in the region, thereby, driving the global thermal interface material market share.
The landscape of the global thermal interface materials market is marked by the presence of several manufacturers, with a handful of them exerting influence on the global dynamics of the industry. Companies including Wakefield-Vette, Indium Corporation, DK Thermal Metal Circuit Technology Ltd., SEMIKRON, Inc., Parker Hannifin Corp, 3M, Laird Technologies, Honeywell International Inc., Henkel AG & Company KGaA, and Dow Corning among others have a notable presence within the global thermal interface materials market.
Key segments of the global thermal interface materials market
Product Overview, 2015-2025 (USD Million)
- Tapes & films
- Elastomeric pads
- Greases & adhesives
- Phase change materials
- Metal-based
Application Overview, 2015-2025 (USD Million)
- Telecom
- Computer
- Medical devices
- Industrial machinery
- Consumer durables
- Automotive electronics
Regional Overview, 2015-2025 (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Rest of APAC
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East and Africa
Key Players analysed in the report include
- SEMIKRON
- Wakefield-Vette, Inc.
- DK Thermal Metal Circuit Technology Ltd.
- Indium Corporation
- Parker Hannifin Corp
- Others
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global thermal interface materials market.
- While studying the market, we observed that phase change materials is projected to grow at the fastest rate owing to its widening applicability in various sectors, including solar cooling and solar power plants, photovoltaic electricity systems, the space industry, waste heat recovery systems, preservation of food and pharmaceutical products among others.
- The global thermal interface materials market has been mainly driven by the increasing miniaturization of systems which has resulted in increased the heat generated in these devices.
- The medical devices application is projected to witness fastest growth in the coming years as a result of the advancements in the medical industry coupled with increasing adoption of wearable electronics.
What does the report include?
- The study on the global thermal interface materials market includes qualitative factors such as drivers, trends, and opportunities
- Additionally, the market has been evaluated using the value chain analysis, Porter’s Five Forces’ analysis and Patent analysis.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of product and application.
- The report provides a deep-dive data analysis for all the applications.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
- The study includes the profiles of key players in the market with a significant global and/or country presence.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global thermal interface materials market, who want an in-depth insight into the movement of the global thermal interface materials market. The report will benefit:
- Executives of global thermal interface materials companies that are engaged in the thermal interface materials production and exporting
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to global thermal interface materials market
- Venture capitalists and investors looking for more information on the future outlook of the global thermal interface materials market
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative solutions for manufacturing thermal interface materials
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
The global thermal interface materials market size was valued at USD 1.53 billion in 2017. The rapid expansion of the electronics industry and medical industry in developing countries is the primary factor contributing towards the global thermal interface material industry growth. Furthermore, the rising popularity of electric vehicles is projected to boost the market demand during the forecast period.
Global Thermal Interface Materials Market Value, 2015-2025 (USD Billion)
Thermal interface materials are defined as any substrates used between the two component interfaces to improve the thermal coupling between these devices. Thermal interface materials are used in a number of industrial sectors such as consumer devices, LED lighting products, computers, telecommunication infrastructure, renewable energy, automotive, medical equipment, and military/industrial equipment. The strongest areas of growth are expected in thin-film photovoltaics, LEDs, medical devices and consumer electronics, with slower growth in mature computer, military and automotive sectors. The rising applications are accelerated by the development of new technologies such as phase change and metallic thermal interface materials especially for high-temperature applications that are likely to impact the global thermal interface materials market size in the future. The performance of a thermal interface material depends on the structure of the interface between the thermal interface material and each of the two surfaces, in addition to depending on the structure and thickness of the thermal interface material.
Greases & adhesives segment accounted for 32% of the global thermal interface materials market share in 2017. High effective thermal conductivity, low thermal resistance, and low cost are the advantages offered by the product which has resulted in its extensive use. Since thermal greases do not need to be coated and cured into a sheet and then cut to shape, manufacturing costs are comparatively low. Because they do not cure, thermal greases can easily be wiped clean from the surface of defective parts for rework, using a clean rag or aided by ozone-safe methylsiloxane fluids. The product is predominantly used in the automotive industry as interface materials. The other applications of the product include mobile, desktop, power conversion equipment, UPS, and semiconductors.
Global Thermal Interface Material Market Share, by Application, 2017 (%)
Consumer durables application was valued at USD 269.9 million in 2017 in the global thermal interface materials market. These materials are used in the consumer electronics industry as large amounts of heat must be dissipated from the semiconductor device junction to the environment. Thermal interface materials find a wide range of applications in consumer electronics, as it plays a major role in helping to smooth out temperature fluctuations. It is the only technology that can reduce the increase in temperature in semiconductor applications without significant cost and space costs.
Asia Pacific is expected to remain at the forefront of the global demand for electronics. The demand for thermal interface materials in Asia Pacific is growing due to the rapid penetration of the internet in developing countries. Media is rapidly occurring in digital formats across the world. The increase in the number of devices able to support digital media and the growing speed of internet access have given consumers the option to access media content anywhere, increasing the demand for larger displays such as laptops and tablets, which are expected to increase consumption in the electronics industry. There is a marked shift in consumer preferences to digital media consumption in comparison with traditional media forms, including television, print, and radio. During the forecast period, the electronics industry will continue to grow and thus, drive the global thermal interface materials market size.
Asia Pacific accounted for 35.9% of the global thermal interface materials market size in 2017 and is projected to grow at a CAGR exceeding 11% during the forecast period between 2018 and 2025. This growth can be attributed to the growing automotive manufacturing base in the region and increasing demand for electric vehicles. China is the region’s largest automotive manufacturing country. In 2016, China’s annual production of automotive accounted for approximately 30% of world automotive production. The automotive market in China has attracted many well-established foreign brands to invest in the country’s automotive production.
In order to promote NEV (new energy vehicle) sales, China and India have introduced various measures, such as tax exemptions & subsidies for buying cars as a way to save energy and reduce air pollution. These factors are expected to drive the demand for thermal interface materials in the coming years.
The Indian Government has taken several initiatives to promote a healthy environment for the growth of the country's manufacturing sector. The ‘Make in India’ policy by the Indian government is one of the factors that will act as another growth driver for the market growth. ‘Make in India’ is a way to promote domestic manufacturing in India to reduce import dependence. India is on the way to becoming a hub for high-tech manufacturing with the help of this drive as global giants such as Siemens, Toshiba, HTC GE and Boeing have either set up or are in the process of setting up manufacturing facilities in India, thus, attracting more than a billion consumers from India's market tapping into the increasing purchasing power. Rapid industrial development along with the growth of consumer electronics and medical devices industries are expected to offer growth opportunities in the region, thereby, driving the global thermal interface material market share.
The landscape of the global thermal interface materials market is marked by the presence of several manufacturers, with a handful of them exerting influence on the global dynamics of the industry. Companies including Wakefield-Vette, Indium Corporation, DK Thermal Metal Circuit Technology Ltd., SEMIKRON, Inc., Parker Hannifin Corp, 3M, Laird Technologies, Honeywell International Inc., Henkel AG & Company KGaA, and Dow Corning among others have a notable presence within the global thermal interface materials market.
Key segments of the global thermal interface materials market
Product Overview, 2015-2025 (USD Million)
- Tapes & films
- Elastomeric pads
- Greases & adhesives
- Phase change materials
- Metal-based
Application Overview, 2015-2025 (USD Million)
- Telecom
- Computer
- Medical devices
- Industrial machinery
- Consumer durables
- Automotive electronics
Regional Overview, 2015-2025 (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Rest of APAC
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East and Africa
Key Players analysed in the report include
- SEMIKRON
- Wakefield-Vette, Inc.
- DK Thermal Metal Circuit Technology Ltd.
- Indium Corporation
- Parker Hannifin Corp
- Others
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global thermal interface materials market.
- While studying the market, we observed that phase change materials is projected to grow at the fastest rate owing to its widening applicability in various sectors, including solar cooling and solar power plants, photovoltaic electricity systems, the space industry, waste heat recovery systems, preservation of food and pharmaceutical products among others.
- The global thermal interface materials market has been mainly driven by the increasing miniaturization of systems which has resulted in increased the heat generated in these devices.
- The medical devices application is projected to witness fastest growth in the coming years as a result of the advancements in the medical industry coupled with increasing adoption of wearable electronics.
What does the report include?
- The study on the global thermal interface materials market includes qualitative factors such as drivers, trends, and opportunities
- Additionally, the market has been evaluated using the value chain analysis, Porter’s Five Forces’ analysis and Patent analysis.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of product and application.
- The report provides a deep-dive data analysis for all the applications.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
- The study includes the profiles of key players in the market with a significant global and/or country presence.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global thermal interface materials market, who want an in-depth insight into the movement of the global thermal interface materials market. The report will benefit:
- Executives of global thermal interface materials companies that are engaged in the thermal interface materials production and exporting
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to global thermal interface materials market
- Venture capitalists and investors looking for more information on the future outlook of the global thermal interface materials market
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative solutions for manufacturing thermal interface materials
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.3. Porter’s Five Forces analysis
3.4. Value chain analysis
Chapter 4. Global Thermal Interface Materials Market Overview, By Product
4.1. Global thermal interface materials market share, by product, 2017 & 2025
4.2. Tapes & Films
4.2.1. Market size and projections, 2015-2025
4.3. Elastomeric pads
4.3.1. Market size and projections, 2015– 2025
4.4. Greases & Adhesives
4.4.1. Market size and projections, 2015– 2025
4.5. Phase Change Materials
4.5.1. Market size and projections, 2015– 2025
4.6. Metal-Based
4.6.1. Market size and projections, 2015– 2025
Chapter 5. Global Thermal Interface Materials Market Overview, By Application
5.1. Global thermal interface materials market share, by application, 2017 & 2025
5.2. Telecom
5.2.1. Market size and projections, 2015– 2025
5.3. Computer
5.3.1. Market size and projections, 2015– 2025
5.4. Medical Devices
5.4.1. Market size and projections, 2015– 2025
5.5. Industrial Machinery
5.5.1. Market size and projections, 2015– 2025
5.6. Consumer Durables
5.6.1. Market size and projections, 2015– 2025
5.7. Automotive Electronics
5.7.1. Market size and projections, 2015– 2025
Chapter 6. Global Thermal Interface Materials Market Overview, By Region
6.1.1. Global thermal interface materials market share, by region, 2017 & 2025
6.1.2. North America
6.1.2.1. Market size and projections, 2015-2025
6.1.2.2. Market size and projections, by product, 2015-2025
6.1.2.3. Market size and projections, by application, 2015-2025
6.1.2.4. U.S.
6.1.2.4.1. Market size and projections, 2015-2025
6.1.2.4.2. Market size and projections, by product, 2015-2025
6.1.2.4.3. Market size and projections, by application, 2015-2025
6.1.2.5. Canada
6.1.2.5.1. Market size and projections, 2015-2025
6.1.2.5.2. Market size and projections, by product, 2015-2025
6.1.2.5.3. Market size and projections, by application, 2015-2025
6.1.3. Europe
6.1.3.1. Market size and projections, 2015-2025
6.1.3.2. Market size and projections, by product, 2015-2025
6.1.3.3. Market size and projections, by application, 2015-2025
6.1.3.4. France
6.1.3.4.1. Market size and projections, 2015-2025
6.1.3.4.2. Market size and projections, by product, 2015-2025
6.1.3.4.3. Market size and projections, by application, 2015-2025
6.1.3.5. Germany
6.1.3.5.1. Market size and projections, 2015-2025
6.1.3.5.2. Market size and projections, by product, 2015-2025
6.1.3.5.3. Market size and projections, by application, 2015-2025
6.1.3.6. UK
6.1.3.6.1. Market size and projections, 2015-2025
6.1.3.6.2. Market size and projections, by product, 2015-2025
6.1.3.6.3. Market size and projections, by application, 2015-2025
6.1.3.7. Rest of Europe
6.1.3.7.1. Market size and projections, 2015-2025
6.1.3.7.2. Market size and projections, by product, 2015-2025
6.1.3.7.3. Market size and projections, by application, 2015-2025
6.1.4. Asia Pacific
6.1.4.1. Market size and projections, 2015-2025
6.1.4.2. Market size and projections, by product, 2015-2025
6.1.4.3. Market size and projections, by application, 2015-2025
6.1.4.4. India
6.1.4.4.1. Market size and projections, 2015-2025
6.1.4.4.2. Market size and projections, by product, 2015-2025
6.1.4.4.3. Market size and projections, by application, 2015-2025
6.1.4.5. Japan
6.1.4.5.1. Market size and projections, 2015-2025
6.1.4.5.2. Market size and projections, by product, 2015-2025
6.1.4.5.3. Market size and projections, by application, 2015-2025
6.1.4.6. China
6.1.4.6.1. Market size and projections, 2015-2025
6.1.4.6.2. Market size and projections, by product, 2015-2025
6.1.4.6.3. Market size and projections, by application, 2015-2025
6.1.4.7. Rest of Asia-Pacific
6.1.4.7.1. Market size and projections, 2015-2025
6.1.4.7.2. Market size and projections, by product, 2015-2025
6.1.4.7.3. Market size and projections, by application, 2015-2025
6.1.5. Latin America
6.1.5.1. Market size and projections, 2015-2025
6.1.5.2. Market size and projections, by product, 2015-2025
6.1.5.3. Market size and projections, by application, 2015-2025
6.1.5.4. Brazil
6.1.5.4.1. Market size and projections, 2015-2025
6.1.5.4.2. Market size and projections, by product, 2015-2025
6.1.5.4.3. Market size and projections, by application, 2015-2025
6.1.5.5. Rest of Latin America
6.1.5.5.1. Market size and projections, 2015-2025
6.1.5.5.2. Market size and projections, by product, 2015-2025
6.1.5.5.3. Market size and projections, by application, 2015-2025
6.1.6. Middle East & Africa
6.1.6.1. Market size and projections, 2015-2025
6.1.6.2. Market size and projections, by product, 2015-2025
6.1.6.3. Market size and projections, by application, 2015-2025
6.1.6.4. Saudi Arabia
6.1.6.4.1. Market size and projections, 2015-2025
6.1.6.4.2. Market size and projections, by product, 2015-2025
6.1.6.4.3. Market size and projections, by application, 2015-2025
6.1.6.5. Rest of Middle East & Africa
6.1.6.5.1. Market size and projections, 2015-2025
6.1.6.5.2. Market size and projections, by product, 2015-2025
6.1.6.5.3. Market size and projections, by application, 2015-2025
Chapter 7. Competitive Landscape
7.1. Company market share/ Top Player Positioning, 2017
7.2. Competitive strategies
Chapter 8. Company Profiles
8.1. SEMIKRON
8.1.1. Company overview
8.1.2. Product portfolio
8.1.3. Key developments
8.1.4. Financial performance
8.2. Wakefield-Vette, Inc.
8.2.1. Company overview
8.2.2. Product portfolio
8.2.3. Key developments
8.2.4. Financial performance
8.3. DK Thermal Metal Circuit Technology Ltd.
8.3.1. Company overview
8.3.2. Product portfolio
8.3.3. Key developments
8.3.4. Financial performance
8.4. Indium Corporation
8.4.1. Company overview
8.4.2. Product portfolio
8.4.3. Key developments
8.4.4. Financial performance
8.5. Parker Hannifin Corp
8.5.1. Company overview
8.5.2. Product portfolio
8.5.3. Key developments
8.5.4. Financial performance
8.6. Honeywell International Inc.
8.6.1. Company overview
8.6.2. Product portfolio
8.6.3. Key developments
8.6.4. Financial performance
8.7. 3M
8.7.1. Company overview
8.7.2. Product portfolio
8.7.3. Key developments
8.7.4. Financial performance
8.7.5. Financial performance
8.8. Henkel AG & Company KGaA
8.8.1. Company overview
8.8.2. Product portfolio
8.8.3. Key developments
8.8.4. Financial performance
8.9. Laird Technologies
8.9.1. Company overview
8.9.2. Product portfolio
8.9.3. Key developments
8.9.4. Financial performance
8.10. Dow Corning
8.10.1. Company overview
8.10.2. Product portfolio
8.10.3. Key developments
8.10.4. Financial performance