The global thermal interface materials market is expected to reach USD 3.59 billion by 2025, according to a new report by Grand View Research, Inc. 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.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/thermal-interface-materials-market
Further key findings from the report suggest:
·
Medical devices accounted for 10.9% of the
overall industry share in 2015. The segment is expected to witness the fastest
growth over the next nine years on account of rising demand for nuclear
medicine imaging (NMI), MRI, CT scan, X-ray, and ultrasounds as they offer high
accuracy for diagnosing a patient’s medical condition. Moreover, growing
consumer awareness for early disease diagnosis will propel growth.
·
Elastomeric pads are expected to witness
significant rise at a CAGR of 11.6% from 2016 to 2025 on account of its
advantages including high thermal conductivity, dielectric strength, and volume
resistivity. Increasing consumption in disk drives, chipsets, communication
equipment, and general PCB board protection will augment market size over the
upcoming years.
·
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.
·
Thermal interface materials industry is
dominated by major participants including Dow Corning, Henkel AG & Co.
KGaA, The 3M Company, Parker Chomerics, Laird Technologies, Indium Corporation,
and Momentive. Ongoing product innovation to produce efficient and
cost-effective products is expected to lead to industry expansion over the forecast
period. In May 2016, Henkel launched low pressure thermal conductive materials
“Technomelt TC 50” having excellent heat dissipation functionality
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global thermal interface materials market on the basis of product, application and region:
Thermal Interface Materials Product Outlook (Revenue, USD Million, 2014 - 2025)
·
Tapes & films
·
Elastomeric pads
·
Greases & adhesives
·
Phase change materials
·
Metal-based
·
Others
Thermal Interface Materials Application Outlook (Revenue, USD Million,
2014 - 2025)
·
Telecom
·
Computer
·
Medical devices
·
Industrial machinery
·
Consumer durables
·
Automotive electronics
·
Others
Thermal Interface Materials Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
·
MEA
For press release of this report - http://www.grandviewresearch.com/press-release/global-thermal-interface-materials-market
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