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Thermal Interface Materials Market (1)

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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.
Adroit Market Research
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
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Adroit Market Research
Thermal Interface Materials Market Size, Status and Forecast 2018-2025
• Adroit Market Research published a study titled, “Global Thermal Interface Materials Market Size 2017 By Product
(Greases & Adhesives, Elastomeric Pads, Tapes & Films, Metal-Based, and Phase Change Materials), by Application
(Computer, Telecom, Automotive Electronics, Consumer Durables, Medical Devices, and Industrial Machinery), By Region
and Forecast 2018 to 2025”. The report covers a detailed overview of the global thermal interface materials market based
on drivers, restraints and future opportunities. Additional tools such as Porter’s Five Forces and value chain analysis are
included to give a holistic view of the market. The global thermal interface materials market report also includes the
prevailing trends impacting the dynamics. Furthermore, the report provides an overview of the global thermal interface
materials market share in the key regions and countries.
• The global thermal interface materials market size is projected to be worth USD 3.57 billion by 2025. The global thermal
interface materials industry is expected to witness tremendous growth as a result of the rising practice of miniaturization
of systems leading to increased heat generation in these devices. This excess heat generation has accentuated the need
for thermal interface materials solutions to manage and dissipate the heat by providing a thermal barrier which limits the
efficiency of heat loss from the device. Rising awareness regarding efficient lighting systems in the form of LED lights has
spurted its demand over the conventional lights. This trend is expected to drive the global thermal interface materials
market size in the foreseeable years.
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Adroit Market Research
Thermal Interface Materials Market Size, Status and Forecast 2018-2025
• Phase change materials (PCMs) is projected to hold a valuation exceeding USD 225 million by 2025. PCMs operate on the
latent heat thermal storage principle to absorb large amounts of energy when there is a surplus and release it when there is
a deficit. The phase change materials have the ability to maintain internal temperatures at any desired temperature due to
their high latent heat capacity. The growing focus on climate change and the use of renewable energy has contributed to
greater research and development in PCMs due to their ability to maintain internal temperatures without gas or fuel. PCMs
are used in various industries including photovoltaic electricity systems, waste heat recovery systems, solar cooling & solar
power plants, aerospace, consumer electronics, and food & pharmaceutical industry. Thus, the increasing application is
projected to impact the global thermal interface material market share over the forecast period.
• Medical devices are projected to be the fastest growing application segment exceed 11% of the global thermal interface
materials market share by 2025. Medical devices are witnessing an increasing shift towards miniaturization driven by safety
factors, performance, and portability. Design engineers are facing new challenges with smaller instruments in meeting their
projects’ performance, weight, size, operating temperature, and budget requirements. Each of these factors also impacts
thermal management technology choices. Thermal management enables consistent temperature control and the power
level of a device to be maintained without increasing the operating temperature. Furthermore, progress in the medical
industry and the increasing use of wearable electronics are expected to create enormous growth potential over the forecast
period.
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Adroit Market Research
Thermal Interface Materials Market Size, Status and Forecast 20182025
• The Middle East & Africa is anticipated to grow at a CAGR of 11.6% between 2018 and 2025. The booming medical devices
industry in the region is expected to fuel the demand for thermal interface materials. Technological innovation, population
growth, growing medical tourism industry, healthcare infrastructure development, and digital transformation are several
other factors which are expected to offer lucrative opportunities for market growth. Additionally, the growth of automotive
electronics due to favorable government policies, the increase in the number of automotive fleets and the large increase in
foreign investments in the automotive industry will drive the thermal interface material market share growth in the region.
• The competitive landscape of the global thermal interface materials market is fragmented with a large number of players
with global and regional presence. The key players in the thermal interface materials report include Wakefield-Vette,
Indium Corporation, SEMIKRON Inc., DK Thermal, Parker Hannifin Corp, 3M, Laird Technologies, Honeywell International
Inc., Henkel AG & Company KGaA and Dow Corning among others.
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Adroit Market Research
Thermal Interface Materials Market Size, Status and Forecast 20182025
• Key segments of the global thermal interface materials market
• Product Overview, 2015-2025 (USD Million)
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Tapes & Films
Elastomeric pads
Greases & Adhesives
Phase Change Materials
Metal-Based
• Application Overview, 2015-2025 (USD Million)
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Telecom
Computer
Medical Devices
Industrial Machinery
Consumer Durables
Automotive Electronics
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Adroit Market Research
Thermal Interface Materials Market Size, Status and Forecast 20182025
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Regional Overview, 2015-2025 (USD Million)
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North America
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Europe
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India
Japan
China
Rest of APAC
Latin America
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France
Germany
UK
Rest of Europe
Asia Pacific
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U.S.
Canada
Brazil
Rest of Latin America
Middle East and Africa
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Saudi Arabia
Rest of Middle East and Africa
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Adroit Market Research
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Adroit Market Research is an India-based business analytics and consulting company. Our
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customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for
companies, and many more.
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