Thermal Interface Materials Market by Type (Greases & adhesives, Tapes & Films, Gap Fillers, Metal-Based TIMs, and Phase Change Materials), Application (Computers, Telecom, Medical Devices, Automotive Electronics), and Region - Global Forecast to 2021
[138 Pages Report] The market size of thermal interface materials (TIMs) is projected to be USD 2.33 Billion by 2021, registering a CAGR of 11.2% between 2016 and 2021. In this study, 2015 has been considered as the base year for estimating market size of thermal interface materials.
Objectives of the study:
- To define and segment the global thermal interface materials market by type, application, and region
- To identify and analyze the key growth drivers, restraints, and opportunities, influencing the TIMs market
- To estimate and forecast the market for TIMs, in terms of value
To analyze the recent market developments and competitive strategies, such as expansion, product launch/development, partnership, and merger & acquisition to draw the competitive landscape of the TIMs market - To strategically identify and profile the key market players and analyze their core competencies in each type and application of TIMs market
This research study used extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the TIMs market. The primary sources are mainly several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industrys supply chain. The bottom-up approach has been used to estimate market size of TIMs by type, application, and region, in terms of value and volume. The top-down approach has been implemented to validate the market size, in terms of value and volume. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.
To know about the assumptions considered for the study, download the pdf brochure
Raw material suppliers in the thermal interface materials market are chemical companies providing raw materials to TIMs manufacturers. Henkel Corporation (U.S.), Bergquist Company (U.S.), Indium Corporation (U.S.), Parker Chomerics (U.S.), Dow Corning (U.S.), Laird Technologies (U.S.), Momentive Performance Materials Inc. (U.S.), and Zalman Tech Co., Ltd. (South Korea) some of the manufacturers of TIMs. The manufacturing companies process these raw materials to prepare different types of TIMs materials suitable for various end-use industries incorporating new technologies.
Target Audience:
- Thermal interface materials manufacturers
- TIMs traders
- Distributors and suppliers
- End-use market participants of different segments of TIMs
- Government and research organizations
- Associations and industrial bodies
- Research and consulting firms
- R&D institutions
- Environment support agencies
- Investment banks and private equity firms
This study answers several questions for the stakeholders, primarily which market segments need to be focused in next two to five years for prioritizing the efforts and investments.
Scope of the Report:
This research report categorizes the market for TIMs based on type, application, and region, and forecasts revenue growth and analysis of trends in each of the submarkets.
Based on Type:
The TIMs market is segmented on the basis of Type Into:
- Greases & Adhesives
- Tapes & Films
- Gap Fillers
- Metal-based thermal interface materials
- Phase Change Materials
- Others
Based on Application:
The thermal interface materials market is segmented on the basis of Application Into:
- Computers
- Telecom
- Medical Devices
- Industrial Machinery
- Consumer Durables
- Automotive Electronics
- Others
Based on Region:
The TIMs market is segmented by Region Into:
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Rest of Asia-Pacific
- Europe
- Western Europe
- Germany
- U.K.
- France
- others
- Eastern & Central Europe
- Russia
- Turkey
- Poland
- Others
- Western Europe
- North America
- U.S.
- Canada
- Mexico
- South America
- Brazil
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
Available Customizations:
The following customization options are available in the report:
- Company Information
Analysis and profiling of additional global as well as regional market players (Up to three)
The market size of thermal interface materials, in terms of value, is projected to reach USD 2.33 Billion by 2021, at a CAGR of 11.2% between 2016 and 2021. The high demand from the electronics industry, increasing miniaturization of electronic devices, and continuous new product launches and expansion activities undertaken by different companies are the key factors driving the global market.
Phase change materials are projected to be the fastest-growing type segment during the forecast period. They are solid at room temperature and melt (undergo a phase change) as the temperature rises. This makes the material as easy to handle. These materials are effective conductors of heat, both above and below the melt point. When operating above the melt point, they are not effective as an adhesive and need mechanical support. Therefore, they are always used with a clamp, applying pressure in the 300 kPa range.
Phase change materials can be obtained in a variety of configurations, both supported and unsupported, and loaded with fillers to enhance thermal conductivity. These materials flow into voids between mating surfaces as effectively as thermal grease, when subjected to heat during the assembly process. These materials consist of organic binders (a polymer and a low melt-point crystalline component), thermally conductive ceramic fillers, and a supporting substrate (aluminum foil or woven glass mesh).
Medical device is the fastest-growing end-use application segment of the thermal interface materials market. The electronic devices used in the medical industry need proper thermal management. The electronics used in this sector must stay cool enough to run continuously and correctly within their operating temperature range. The effective thermal management allows excess heat to be efficiently moved, spread, and dissipated. This improves system reliability and service life of electronic devices in the medical industry. Many medical tools leverage the computing power of advanced microprocessors. These include lasers, ultrasound equipment, X-ray machines, and digital imaging technologies. These devices need effective thermal management as the excess heat can result in inaccuracies or malfunctions. TIMs play an important role in the development of cutting-edge devices used in imaging, diagnostic, and surgical applications.
Asia-Pacific is the largest market for TIMs, which is projected to register a high growth, in terms of value, between 2016 and 2021. Accelerating demand from end-use industries such as consumer electronics and telecom in Asia-Pacific is driving the TIMs market. Significant development in the electronics sector and increasing demand for miniaturization of electronic devices in various end-use industries such as consumer electronics and telecom are expected to drive the market in this region.
Although the thermal interface materials market is growing, a few factors restrict its growth. Maturity of the telecom and electronic industries in developed economies is a major restraint for the growth of the market. This has led to a gradual shift in demand and production of electronic chemicals and materials from North America to Asia-Pacific.
Companies such as Henkel AG & Co. KGaA (U.S.), Bergquist Company (U.S.), Indium Corporation (U.S.), Parker Chomerics (U.S.), Dow Corning (U.S.), Laird Technologies (U.S.), Momentive Performance Materials Inc. (U.S.), and Zalman Tech Co., Ltd. (South Korea) are the dominant market participants in the global TIMs market. Diverse product portfolio and technological advancements are a few factors responsible for the growth of these companies. These companies have been adopting various organic and inorganic growth strategies such as expansions and new product launches to enhance their market share for TIMs.
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.3.3 Currency
1.4 Limitations
1.5 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Assumptions
3 Executive Summary (Page No. - 22)
4 Premium Insights (Page No. - 26)
4.1 Attractive Opportunities in the Thermal Interface Materials Market
4.2 Thermal Interface Material Market, By Region
4.3 Thermal Interface Materials Market in Asia-Pacific
4.4 Thermal Interface Material Market Attractiveness
4.5 Thermal Interface Materials Market: Developed vs Developing Nations
4.6 Life Cycle Analysis, By Region
5 Market Overview (Page No. - 31)
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Demand for Miniaturization of Electronic Devices
5.3.1.2 Growing Led Market to Drive the Demand for Thermal Interface Materials
5.3.2 Restraints
5.3.2.1 Physical Properties Limiting Thermal Interface Materials Performance
5.3.3 Opportunities
5.3.3.1 Electrification of Transportation Industry
5.3.3.2 High-Performance Thermal Interface Materials in the Form of Nanodiamonds
5.3.4 Challenges
5.3.4.1 Finding Optimum Operating Cost for End User
6 Industry Trends (Page No. - 40)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porters Five Forces Analysis
6.3.1 Bargaining Power of Suppliers
6.3.2 Threat of New Entrants
6.3.3 Threat of Substitutes
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Rivalry
6.4 Patent Analysis
7 Thermal Interface Materials Market, By Type (Page No. - 46)
7.1 Introduction
7.2 Greases & Adhesives
7.3 Tapes & Films
7.4 Gap Fillers
7.5 Metal-Based Thermal Interface Materials
7.6 Phase Change Materials
7.7 Others
8 Thermal Interface Materials Market, By Application (Page No. - 56)
8.1 Introduction
8.2 Computers
8.3 Telecom
8.4 Medical Devices
8.5 Industrial Machinery
8.6 Consumer Durables
8.7 Automotive Electronics
8.8 Others
9 Thermal Interface Materials Market, By Region (Page No. - 68)
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Western Europe
9.3.1.1 Germany
9.3.1.2 France
9.3.1.3 U.K.
9.3.1.4 Rest of Western Europe
9.3.2 Central & Eastern Europe
9.3.2.1 Russia
9.3.2.2 Turkey
9.3.2.3 Poland
9.3.2.4 Rest of Central & Eastern Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.4.4 India
9.4.5 Indonesia
9.4.6 Rest of Asia-Pacific
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 UAE
9.5.3 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Rest of South America
10 Competitive Landscape (Page No. - 95)
10.1 Overview
10.2 Market Share Analysis
10.3 New Product Launches: the Most Popular Growth Strategy
10.4 Competitive Situations and Trends
10.4.1 New Product Launches
10.4.2 Agreements/Collaborations
10.4.3 Expansions
10.4.4 Mergers & Acquisitions
11 Company Profiles (Page No. - 103)
11.1 Honeywell International Inc.
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
11.2 3M Company
11.3 Henkel AG & Co. KGAA
11.4 Parker Hannifin Corporation
11.5 DOW Corning Corporation
11.6 Laird Technologies, Inc.
11.7 Momentive Performance Materials Inc.
11.8 The Bergquist Company, Inc.
11.9 Indium Corporation
11.10 Wakefield-Vette, Inc.
11.11 Zalman Tech Co., Ltd.
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Additional Company Profiles (Page No. - 127)
13 Appendix (Page No. - 129)
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Introducing RT: Real Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
List of Tables (68 Tables)
Table 1 Thermal Interface Materials Market, By Type
Table 2 Thermal Interface Material Market, By Application
Table 3 Limitations of Thermal Interface Materials
Table 4 Thermal Interface Materials Market Size, By Type, 20142021 (USD Million)
Table 5 Thermal Interface Material Market Size, By Type, 20142021 (Ton)
Table 6 Greases & Adhesives Market Size, By Region, 20142021 (USD Million)
Table 7 Greases & Adhesives Market Size, By Region, 20142021 (Ton)
Table 8 Tapes & Films Market Size, By Region, 20142021 (USD Million)
Table 9 Tapes & Films Market Size, By Region, 20142021 (Ton)
Table 10 Gap Fillers Market Size, By Region, 20142021 (USD Million)
Table 11 Gap Fillers Market Size, By Region, 20142021 (Ton)
Table 12 Metal-Based Thermal Interface Materials Market Size, By Region, 20142021 (Ton)
Table 13 Metal-Based Thermal Interface Material Market Size, By Region, 20142021 (USD Million)
Table 14 Phase Change Materials Market Size, By Region, 20142021 (USD Million)
Table 15 Phase Change Materials Market Size, By Region, 20142021 (Ton)
Table 16 Others Market Size, By Region, 20142021 (USD Million)
Table 17 Others Market Size, By Region, 20142021 (Ton)
Table 18 Thermal Interface Materials Market Size, By Application, 20142021 (USD Million)
Table 19 Thermal Interface Material Market Size, By Application, 20142021 (Ton)
Table 20 Thermal Interface Materials Market Size in Computers Application, By Region, 20142021 (USD Million)
Table 21 Thermal Interface Material Market Size in Computers Application, By Region, 20142021 (Ton)
Table 22 Thermal Interface Materials Market Size in Telecom Application, By Region, 20142021 (USD Million)
Table 23 Thermal Interface Material Market Size in Telecom Application, By Region, 20142021 (Ton)
Table 24 Thermal Interface Materials Market Size in Medical Devices Application, By Region, 20142021 (USD Million)
Table 25 Thermal Interface Material Market Size in Medical Devices Application, By Region, 20142021 (Ton)
Table 26 Thermal Interface Materials Market Size in Industrial Machinery Application, By Region, 20142021 (USD Million)
Table 27 Thermal Interface Material Market Size in Industrial Machinery Application, By Region, 20142021 (Ton)
Table 28 Thermal Interface Materials Market Size in Consumer Durable Application, By Region, 20142021 (USD Million)
Table 29 Thermal Interface Material Market Size in Consumer Durable Application, By Region, 20142021 (Ton)
Table 30 Thermal Interface Materials Market Size in Automotive Electronics Application, By Region, 20142021 (USD Million)
Table 31 Thermal Interface Material Market Size in Automotive Electronics Application, By Region, 20142021 (Ton)
Table 32 Thermal Interface Materials Market Size in Other Application, By Region, 20142021 (USD Million)
Table 33 Thermal Interface Material Market Size in Other Application, By Region, 20142021 (Ton)
Table 34 North America: Thermal Interface Materials Market Size, By Country, 20142021 (USD Million)
Table 35 North America: Market Size, By Type, 20142021 (USD Million)
Table 36 North America: Market Size, By Type, 20142021 (Ton)
Table 37 North America: Market Size, By Application, 20142021 (USD Million)
Table 38 North America: Market Size, By Application, 20142021 (Ton)
Table 39 Europe: Thermal Interface Materials Market Size, By Type, 20142021 (USD Million)
Table 40 Europe: Market Size, By Type, 20142021 (Ton)
Table 41 Europe: Market Size, By Application, 20142021 (USD Million)
Table 42 Europe: Market Size, By Application, 20142021 (Ton)
Table 43 Western Europe: Thermal Interface Material Market Size, By Country, 20142021 (USD Million)
Table 44 Western Europe: Market Size, By Country, 20142021 (Ton)
Table 45 Central & Eastern Europe: Thermal Interface Materials Market Size, By Country, 20142021 (USD Million)
Table 46 Central & Eastern Europe: Market Size, By Country, 20142021 (Ton)
Table 47 Asia-Pacific: Thermal Interface Material Market Size, By Country, 20142021 (USD Million)
Table 48 Asia-Pacific: Market Size, By Country, 20142021 (Ton)
Table 49 Asia-Pacific: Market Size, By Type, 20142021 (USD Million)
Table 50 Asia-Pacific: Market Size, By Type, 20142021 (Ton)
Table 51 Asia-Pacific: Market Size, By Application, 20142021 (USD Million)
Table 52 Asia-Pacific: Market Size, By Application, 20142021 (Ton)
Table 53 Middle East & Africa: Thermal Interface Material Market Size, By Country, 20142021 (USD Million)
Table 54 Middle East & Africa: Market Size, By Country, 20142021 (Ton)
Table 55 Middle East & Africa: Market Size, By Type, 20142021 (USD Million)
Table 56 Middle East & Africa: Market Size, By Type, 20142021 (Ton)
Table 57 Middle East & Africa: Market Size, By Application, 20142021 (USD Million)
Table 58 Middle East & Africa: Market Size, By Application, 20142021 (Ton)
Table 59 South America: Thermal Interface Materials Market Size, By Country, 20142021 (USD Million)
Table 60 South America: Market Size, By Country, 20142021 (Ton)
Table 61 South America: Market Size, By Type, 20142021 (USD Million)
Table 62 South America :Market Size, By Type, 20142021 (Ton)
Table 63 South America: Market Size, By Application, 20142021 (USD Million)
Table 64 South America: Market Size, By Application, 20142021 (Ton)
Table 65 New Product Launches, 20112016
Table 66 Agreements/Collaborations, 20112016
Table 67 Expansions, 20112016
Table 68 Mergers & Acquisitions, 20112016
List of Figures (58 Figures)
Figure 1 Thermal Interface Materials Market: Research Design
Figure 2 Breakdown of Primary Interviews
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Asia-Pacific Dominated the Thermal Interface Material Market in 2015
Figure 6 Greases & Adhesives to Dominate the Thermal Interface Materials Market During Forecast Period
Figure 7 Medical Devices to Witness Highest Growth Rate During Forecast Period
Figure 8 Computers Dominated the Thermal Interface Material Market in 2015
Figure 9 Thermal Interface Materials Market to Register High Growth Between 2016 and 2021
Figure 10 Asia-Pacific to Witness the Highest Growth Rate
Figure 11 China Accounted for Largest Share of the Asia-Pacific Thermal Interface Material Market, 2015
Figure 12 India to Register Highest Growth During Forecast Period
Figure 13 India to Emerge as A Lucrative Market in Terms of Growth, 20162021
Figure 14 Asia-Pacific has Highest Growth Potential in the Thermal Interface Materials Market
Figure 15 Drivers, Restraints, Opportunities, and Challenges in the Thermal Interface Material Market
Figure 16 Market Share of Thermal Interface Materials in Various Applications, 2015
Figure 17 Value Chain Analysis of Thermal Interface Materials Market
Figure 18 Porters Five Forces Analysis
Figure 19 Thermal Interface Materials Market: Patent Analysis
Figure 20 Patent Analysis, By Type
Figure 21 Patent Analysis, By Application
Figure 22 Greases & Adhesives Expected to Drive the Thermal Interface Material Market Between 2016 and 2021
Figure 23 Asia-Pacific to Be the Largest Market for Greases & Adhesives
Figure 24 Asia-Pacific to Be the Fastest-Growing Market for Tapes & Films By 2021
Figure 25 Asia-Pacific to Be the Largest Market for Gap Fillers By 2021
Figure 26 Asia-Pacific is the Largest Market for Metal-Based Thermal Interface Materials
Figure 27 Asia-Pacific Projected to Witness Highest CAGR for Phase Change Materials
Figure 28 Computers to Drive the Thermal Interface Materials Market
Figure 29 Asia Pacific is the Largest Thermal Interface Material Market for Computer Application
Figure 30 Asia-Pacific is the Largest Thermal Interface Materials Market for Telecom Application
Figure 31 Asia-Pacific is the Largest Thermal Interface Material Market for Medical Devices Application
Figure 32 Asia-Pacific is the Largest Thermal Interface Materials Market for Industrial Machinery Application
Figure 33 Asia-Pacific is the Largest Thermal Interface Material Market for Consumer Durables Application
Figure 34 Asia Pacific is the Largest Thermal Interface Materials Market for Automotive Electronics Application
Figure 35 Regional Snapshot: China and India are Emerging as New Strategic Destinations
Figure 36 Asia-Pacific to Be an Attractive Destination for Thermal Interface Materials
Figure 37 North America Market Snapshot: the U.S. is the Largest and Mexico is the Fastest-Growing Markets
Figure 38 Western Europe Market Snapshot: High Growth Rates in the Leading Market Will Drive the Demand of Thermal Interface Materials
Figure 39 Central & Eastern Europe Market Snapshot: High Growth Rates in the Leading Market Will Drive the Demand of Thermal Interface Materials
Figure 40 Asia-Pacific Market Snapshot: China and India are the Most Lucrative Markets
Figure 41 Middle East & Africa Market Snapshot: Saudi Arabia is the Most Lucrative Market
Figure 42 South America Market Snapshot: Brazil is the Most Lucrative Market
Figure 43 Companies Adopted New Product Launches as the Key Growth Strategy, 20112016
Figure 44 Honeywell International is the Largest Market Player in Terms of R&D Expenditure, 20132015
Figure 45 Bergquist, Parker Hannifin, Henkel AG & Co. KGAA, and DOW Corning are Major Players in the Thermal Interface Materials Market
Figure 46 New Product Launches: Most Popular Growth Strategy
Figure 47 Honeywell International Inc.: Company Snapshot
Figure 48 Honeywell International Inc.: SWOT Analysis
Figure 49 3M Company: Company Snapshot
Figure 50 3M Company: SWOT Analysis
Figure 51 Henkel AG & Co. KGAA: Company Snapshot
Figure 52 Henkel AG & Co. KGAA: SWOT Analysis
Figure 53 Parker Hannifin Corporation: Company Snapshot
Figure 54 Parker Hannifin Corporation: SWOT Analysis
Figure 55 DOW Corning Corporation: Company Snapshot
Figure 56 DOW Corning Corporation: SWOT Analysis
Figure 57 Laird Technologies, Inc.: Company Snapshot
Figure 58 Momentive Performance Materials Inc.: Company Snapshot
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