Thermal Interface Materials: Technologies, Applications and Global Markets

Report Code: SMC071D

Publish Date: Sep 2023

Publisher: BCC Publishing

Category: Semiconductors

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Report Highlights

The global market for thermal interface materials (TIMs) is estimated to increase from $3.9 billion in 2023 to reach $6.8 billion by 2028, at a compound annual growth rate (CAGR) of 11.5% from 2023 through 2028.

Report Includes

  • 80 data tables and 55 additional tables
  • An up-to-date overview and industry analysis of the current and future global markets for thermal interface materials (TIM)
  • Analyses of the global market trends, with historic market revenue (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 2028
  • Estimation of the actual market size and revenue forecast for global thermal interface materials market in USD million values, and corresponding market share analysis based on the type of material, end-use application, and region
  • Identification of thermal interface materials (TIM) technologies, applications and products with the greatest commercial potential in the near to mid-term
  • Discussion of major growth drivers, industry-specific challenges, regulatory aspects, and technology advancement that will shape the market for thermal interface materials as a basis for projecting demand in the next few years (2023-2028)
  • Identification of the companies best positioned to meet this demand owing to or in conjunction with their proprietary technologies, product launches, and other strategic advantages
  • Analysis of market opportunities with a holistic review of the Porter’s five forces analysis and value chain analysis considering both micro- and macro environmental factors prevailing in the market
  • Understanding of the importance of ESG in the in the market for thermal interface materials, consumer attitudes towards sustainability, risks and opportunity assessment, ratings and matrices, and ESG practices in the TIMs industry
  • A relevant patent analysis with emphasis on emerging technologies and new developments in the thermal interface materials (TIM) technologies and applications market
  • Latest information on the mergers and acquisition deals, partnerships, agreements, collaborations, and other strategic alliances within the marketplace
  • Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Descriptive company profiles of the leading global players, including 3M Co., Henkel, Dow Corning, Ametek Inc., Honeywell International Inc., and Parker Hannifin Corp.

Report Scope

In this report, the market is segmented based on material type, end user, and geography. The report provides an overview of the global thermal interface material market and analyzes market trends. Using 2022 as the base year, the report provides estimated market data for 2023 to 2028. Revenue forecasts for this period are segmented based on material type, end user, and geography. Market values have been estimated based on the triangulation method using the parameters, such as the total revenue of TIM providers, primary interview results and secondary white paper information.

The report covers the market for TIMs with regard to the end-user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for thermal interface materials in 2023 and provides projections for the expected market size through 2028.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $3.4 billion
Market size forecast $6.8 billion
Growth rate CAGR of 11.5% from 2023 to 2028
Units considered $ Millions
Segments covered By Type of Material, End-Use Application, and Region
Regions covered North America, Europe, Asia-Pacific, South America, and Rest of the World
Countries covered U.S., Canada, Mexico, Brazil, China, Japan, India, Germany, France, and the U.K.
Key Market Drivers
  • Increasing Demand for Miniaturization of Electronic Devices
  • Growing LED Market
Companies studied
3MAEGIS TECHNOLOGY
AI TECHNOLOGY INC.AKASA CORP.
AMETEK INC.AOS THERMAL COMPOUNDS
ARCTIC SILVER INC.BOYD
CAST-COAT INC.DOW
ENERDYNE THERMAL SOLUTIONS INC.EPIC RESINS
EPOXIES ETC.HENKEL AG & CO. KGAA
INDIUM CORP.INNOVATION COOLING LLC.
MASTER BOND INC.MC-21 INC.
MG CHEMICALSMOMENTIVE PERFORMANCE MATERIALS INC.
PARKER HANNIFIN CORP.POLYCAST INTERNATIONAL
ROGERS CORP.SEAL KING INDUSTRIAL CO. LTD.
SHELDAHL CORP.SHIN-ETSU CHEMICAL CO. LTD.
T-GLOBAL TECHNOLOGYTHERMAL TRANSFER COMPOSITES LLC.
TIMTRONICSUNIVERSAL SCIENCE
VANGUARD PRODUCTS CORP.WAKEFIELD THERMAL INC.
ZALMAN TECH CO. LTD.
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Frequently Asked Questions (FAQs)

Projected market size of thermal interface materials is $6.8 billion by 2028, and the growth rate is 11.5%.
Key factors driving the thermal interface materials market include:
  • Increasing demand for miniaturization of electronic devices,
  • Growing LED Market.
Material types and end-users are segments covered in the thermal interface materials market.
By material type, polymer composites will dominate the market by the end of 2028.
Asia-Pacific region has the highest market share in the thermal interface materials market.
3M Co., Henkel, Dow Corning, Honeywell International, Epic Resins, Epoxies Etc., and so on are the key companies/players in the thermal interface materials market.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Let us assist you! Our analysts are ready to tailor this report to your specific need. REACH OUT TO US TODAY

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Thermal Interface Materials: Technologies, Applications and Global Markets255Free
Chapter- 1: Introduction7Free
Chapter- 2: Summary and Highlights3Free
Chapter- 3: Thermal Interface Materials: Market Overview19Free
Chapter- 4: Market Dynamics4Free
Chapter- 5: Market Breakdown by Type of Material57Free
Chapter- 6: Market Breakdown by End-Use Application34Free
Chapter- 7: Market Breakdown by Region34Free
Chapter- 8: Sustainability in the Thermal Interface Materials Industry: An ESG Perspective12Free
Chapter- 9: Patent Analysis10Free
Chapter- 10: M&A and Funding Outlook4Free
Chapter- 11: Competitive Landscape9Free
Chapter- 12: Company Profiles62Free
Published - Jul-2015| Analyst - Andrew McWilliams| Code - SMC071C

Report Highlights

The global market for thermal interface materials reached $715.9 million in 2014. This market is forecasted to grow at a compound annual growth rate (CAGR) of 7.4% to reach nearly $1.1 billion in 2020.

Report Includes

  • An overview of the global market for thermal interface materials, which have experienced growing demand with the increased need for thermal management technologies.
  • Analyses of global market trends, with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020.
  • Identification of thermal interface materials (TIM) technologies and products with the greatest commercial potential in the near to mid-term, and of companies that are best positioned to meet this demand because of proprietary technologies, strategic alliances, or other advantages.
  • Discussion of TIM products, such as thermal greases, thermal compounds, thermal pads, adhesive films and tapes, epoxies, and phase-change materials.
  • Applications and end users.
  • Industry structure and competition.
  • Patent analysis.
Published - Apr-2013| Analyst - Andrew McWilliams| Code - SMC071B

Report Highlights

The global market for thermal interface materials (TIMs) was worth nearly $426 million in 2011 and $458 million in 2012. The market is expected to grow to $762 million in 2017 at a compound annual growth rate (CAGR) of 10.7% between 2012 and 2017.

Report Includes

  • An overview of the global market for thermal interface materials, which have experienced growing demand with the increased need for thermal management technologies
  • Analyses of global market trends, with data from 2011 and 2012, and projections of compound annual growth rates (CAGRs) through 2017
  • Identification of thermal interface materials (TIM) technologies and products with the greatest commercial potential in the near to mid-term, and of companies that are best positioned to meet this demand because of proprietary technologies, strategic alliances, or other advantages
  • Discussion of TIM products, such as thermal greases, thermal compounds, thermal pads, adhesive films and tapes, epoxies, and phase-change materials
  • Applications and end users
  • Industry structure and competition
  • Patent analysis
  • Comprehensive company profiles of developers and suppliers.
Published - Jun-2011| Analyst - Andrew McWilliams| Code - SMC071A

Report Highlights

The global market for thermal interface materials was worth $390 million in 2010. The market is expected to grow to $425.8 million in 2011 and $626.8 million in 2016, a compound annual growth rate (CAGR) of 8% between 2011 and 2016.

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Thermal Interface Materials: Technologies, Applications and Global Markets
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