Any material which is thermally conductive and is placed between two parts to enhance the thermal coupling between them and for heat dissipation is known as thermal interface material.
Increasing demand for miniaturized devices and products coupled with increasing demand for phase change materials are major factors driving growth of the global thermal interface materials market. In addition, increasing demand from automotive and medical sector is expected to further drive growth of the global market to a significant extent over the forecast period. Increasing demand for thermal interface material to be used in electric vehicles is another factor driving growth of the target market. A major factor restraining growth of the global thermal interface materials market is dependency of thermal interface materials on external environmental factors for efficient working.
The global market is segmented on the basis of product type, application, and region. On the basis of product type, the global market is segmented into tapes & films, elastomeric pads, greases & adhesives, phase change materials, metal-based, and others. The elastomeric pads segment is expected to witness highest growth over the forecast period.
On the basis of application, the global market is segmented into telecommunication, computer, medical devices, industrial machinery, consumer durables, automotive electronics, and others. The computer segment account for highest demand; whereas the medical device segment is expected to witness significant growth over the forecast period.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific thermal interface materials market accounts for highest market share in the global market and is expected to witness highest growth over the forecast period. The market in North America is expected to witness significant growth over the forecast period.
Key players in the global market are Henkel AG & Co. KGaA, Bergquist Company, Indium Corporation, Parker Chomerics, Dow Corning, Laird Technologies, Momentive Performance Materials Inc., Zalman Tech Co. Ltd., The 3M Company, Wakefield-Vette Inc., and other prominent players.