The Thermal Interface Materials Global Market Report 2023, provides comprehensive information on the thermal interface materials market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Thermal Interface Materials Global Market Report 2023, the market size is expected to grow from $2.21 billion in 2022 to $2.5 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the thermal interface materials market is expected to grow to $4.15 billion in 2027 at a CAGR of 13.5%.
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Major players operating in the thermal interface materials market are focusing on developing new innovative products to expand their product portfolio, meet the requirements of various end-use industries, and maintain their position in the competitive business environment. For instance, in April 2020, Henkel AG & Co. KGaA introduced Loctite EA 9536 magnet bonding tape with easy assembly and high material extension for electric motors. It offers unique properties compared to the existing products in the market. The epoxy-based adhesive film can absorb oil and dirt and can be produced in various shapes and sizes customized to specific applications. The special epoxy resins create an elastic and strong bond that holds magnets securely in position. Moreover, in September 2020, Parker Hannifin Corporation, a US-based company specializing in control and motion technologies, launched THERM-A-GAP GEL 37, the next generation of single component and thermally conductive dispensable materials. The material has been specifically designed to limit the batch-to-batch differences typically found in thermal dispensable materials.
The thermal interface materials market is segmented:
1) By Type: Greases & Adhesives, Tapes & Films, Gap Fillers, Metal-Based TIMs, Phase Change Materials, Other Types
2) By Chemistry: Silicone, Epoxy, Polyimide, Other Chemistries
3) By Application: Telecom, Computer, Medical Devices, Industrial Machinery, Consumer Durables, Automotive Electronics, Other Applications
Asia-Pacific was the largest region in the thermal interface materials market in 2022.
The table of contents in TBRC’s thermal interface materials market report includes:
- Executive Summary
- Thermal Interface Materials Market Characteristics
- Thermal Interface Materials Market Trends And Strategies
- Thermal Interface Materials Market – Macro Economic Scenario
- Thermal Interface Materials Market Size And Growth
- Thermal Interface Materials Market Segmentation
- Thermal Interface Materials Market Regional And Country Analysis
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- Thermal Interface Materials Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Thermal Interface Materials Market
- Thermal Interface Materials Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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