The global Thermal Interface Materials  Market is projected to be worth USD 4,471.4 Million by 2027, according to a current analysis by Emergen Research. The thermal interface materials market is estimated to experience rapid growth by the year 2027. Growing demand for electronic devices with miniaturization, high-end processors with enhanced processing power, and high integration drives the product demand.

Typically, a high-end processor, an essential electronic gives-off a large amount of heat, poses a significant challenge to the electronic devices' overall performance and lifetime. Thermal interface materials with high thermal conductivity are beneficial in dissipating the generated heat, allowing the devices' optimum operational efficiency. At present, thermal interface materials find widespread usage in electronic components IC packaging.

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Thermal interface material is a vital interfacing media placed between the LEDs base-plate and the cooling system. Growing demand for LED and LED lighting is a significant factor in fueling the market growth. For instance, TV manufacturing firms focus simultaneously on HDR and WCG technology to improve viewing content aesthetics. For HDR, the primary demand is about NTSC 85.0%, which increases usage of LED for blue light emission. Further, the escalating demand for blue LED light in Quantum Dots is propelling the market demand.

Growing demand for compact electronic devices with enhanced processing capability is one of the significant factors influencing the market growth.

Thermal Interface Materials  Market Size USD 2,033.6 Million in 2019, Market Growth - CAGR of 10.3%, Market Trends Increasing sales of smartphones

Key participants include Parker Hannifin Corporation, Indium Corporation, Dow Corning Corporation, 3M Company, Momentive Performance Materials, Wakefield-Vette, Inc., Laird Technologies Inc., Henkel AG & Co., KGaA, Zalman Tech Co. Ltd., and Bergquist Company Inc., among others.

The latest report is the most recent study that offers 360° coverage of the Thermal Interface Materials  industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Thermal Interface Materials  market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Product Type Outlook (Revenue, USD Billion; 2017-2027)

Greases & Adhesives

Tapes & Films

Gap Fillers

Phase Change Materials

Metal-Based Thermal Interface Materials

Others

In March 2019, the launch of m2TIMTM, a groundbreaking hybrid thermal interface material, was announced by Indium Corporation to deliver ultra-reliable conductivity for heat dissipation.

Phase change materials maintain a consistent temperature at its melting point while undergoing solid to liquid transition, enabling the material to offer exceptional temperature control between surfaces.

Graphite gaskets for use in the lighting industry are produced of the expanded sheet with low outgassing levels, leading to VOCs' release responsible for causing reduced brightness. Graphite gaskets comprising metal foils finds usage in automotive engines with chip-on-board LEDs.

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

Online

Offline

Application Outlook (Revenue, USD Billion; 2017-2027)

Computers

Telecom

Consumer Durables

Automotive Electronics

Medical Devices

Industrial Machinery

Others

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Report Highlights:

The report conducts a comparative assessment of the leading market players participating in the global Thermal Interface Materials  market.

The report marks the notable developments that have recently taken place in the Thermal Interface Materials  industry

It details on the strategic initiatives undertaken by the market competitors for business expansion.

It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Thermal Interface Materials  market value chain.

The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.

Thermal Interface Materials   Market Segmentation by Region:
North America
Asia Pacific
Europe
Latin America
Middle East & Africa

Overview of the Thermal Interface Materials   Market Report:

Introduction, Product Scope, Market Overview, and Opportunities

Analysis of the Manufacturers with sales, revenue, and price analysis

Comprehensive analysis of the competitive landscape

Extensive profiling of the key competitors along with their business strategies and market size

Regional analysis of the market along with sales, revenue, market share, and global position

Country-wise analysis of the market along with types, applications, and manufacturing

Strategic recommendations to established players as well as new entrants

In-depth analysis of the risks, restraints, and limitations in the Thermal Interface Materials   industry

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