What is Thermal Interface Materials Market?
Thermal interface material is essential part of thermal management system. It is inserted between any two components of equipment’s. Thermal interface material the thermal coupling between components. It is mainly used for heat dissipation. For heat dissipation, thermal interface material is inserted between heat-producing and a heat-dissipating device. This materials comprises of wide range of types such as phase change materials, thermal grease and gap fillers. Rising demand for thermal management systems for equipment’s automation and increasing end use expenditure has impacted on the demand for thermal interface material I positive manner.
The market study is being classified by Type (Adhesives, Phase-Change Materials, Potting Compounds, Advanced Materials and Others {Thermal Putty, Thermal Paste and Greases}), by Application (Medical Devices, Aerospace & Defence, Consumer Durables, Automotive Electronics, Industrial Machinery, Telecommunications, Consumer Durables and Others) and major geographies with country level break-up.
GrafTech (United States), Parker Chomerics (United States), Laird Technologies (United States), 3M (United States), DuPont (United States), Zircar Refractory Composites, Inc. (United States), DB LECTRO Inc (Canada), AOS Thermal Compounds (United States), Streuter Fastel Timtel (United States), Fujipoly America Corp. (United States), PA&E, Inc. (United States), Indium Corporation (United States), The Strouse Corporation (United States) and Boyd Corporation. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Tra-Con , Inc. (United States), Capri Cables Pvt. Ltd. (India), Timtronics (United States) and Koolmat Insulation (United States).
Segment Analysis
Analyst at AMA have segmented the market study of Global Thermal Interface Materials market by Type, Application and Region.
On the basis of geography, the market of Thermal Interface Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising End Use Infrastructure of Medical Devices, Consumer Durables and Telecommunications
- Increasing Preference for Thermal Interface Material for Aerospace and Defence Equipment’s and Component
- Growing Demand for Automated Electronic has impacted on the demand for Thermal Interface Material in Positive Manner
Market Trend
- Adhesives and Newly Introduced Advanced Material Witnessing Huge Demand for Multiple Industrial Procedures
Restraints
- Slowing Down in Industrial Activities owing to Pandemic
Opportunities
- Growing Expenditure & Production of Electrical Vehicles especially in Asia Pacific Region
- Less Explored Regions like Middle East and South American Countries with Huge Raw Material Availability has Created Growth Opportunity for Market
Challenges
- Limited Performance owing to Certain Physical Properties
- Production Disruptions owing to Supply Chain Interruptions in Covid 19
Market Leaders and some development strategies
In September 2018, Century Boats, Lydall, Inc., has acquired Interface Performance Materials Inc. This acquisition was valued for USD 265 million. Century Boats, Lydall, Inc is one of the prominent manufacturer of functional and performance materials. With this acquisition, company is able to innovate its portfolio of engineered materials offerings in new markets. Thus company is able to offers wide range of self-adhesive thermal shield, sealing solutions, and thermal management systems.
In March 2019, Indium Corporation has launched “m2TIMTM”. It is a new unique hybrid thermal interface material which is available in both solid & liquid form. It is mainly designed for ultra-reliable thermal conductivity which is essential for heat dissipation. This launched has expanded the unique and innovative portfolio of company. and In May 2019, DuPont has launched “BETASEAL”. It is thermal-conductive interface material. It is mainly used for battery pack assembly. It is important part of company’s AHEAD (Accelerating Hybrid-Electric Autonomous Driving) initiative. BETASEAL is easy to apply and it retains thermal-conductive properties between the battery cells and cooling plate.
Key Target Audience
Thermal Interface Material Manufacturers, Thermal Interface Material Suppliers/Distributors, Raw Material Suppliers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry