Thermal Paste Market Report: Trends, Forecast and Competitive Analysis to 2030

Thermal Paste Trends and Forecast

The future of the global thermal paste market looks promising with opportunities in the water coolers and air based heat sinks markets. The global thermal paste market is expected to reach an estimated $12 billion by 2030 with a CAGR of 21.3% from 2024 to 2030. The major drivers for this market are increasing use of electronic devices, growing data center and server market, and rising telecommunications equipment industry.

A more than 150-page report is developed to help in your business decisions.

Thermal Paste by Segment

The study includes a forecast for the global thermal paste by type, application, and region.

Thermal Paste Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Silicon Free
• Silicon Based

Thermal Paste Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Water Coolers
• Air Based Heat Sinks
• Others

Thermal Paste Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Thermal Paste Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thermal paste companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermal paste companies profiled in this report include-

• I.M Technology
• 3M
• Shin-Etsu
• MG Chemicals
• Boyd Corporation
• Arctic Silver
• Cooler Master

Thermal Paste Market Insights

Lucintel forecasts that silicon based will remain the larger segment over the forecast period due to the increasing demand for electronic devices and it is effective at transferring heat away from electronic components.

APAC will remain the largest region during the forecast period due to high demand for thermal paste in China and India, along with growth of the data center market and the rising demand for high-performance thermal paste.

Features of the Global Thermal Paste Market

Market Size Estimates: Thermal paste market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Thermal paste market size by type, application, and region in terms of value ($B).

Regional Analysis: Thermal paste market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the thermal paste market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermal paste market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the thermal paste market size?

Answer: The global thermal paste market is expected to reach an estimated $12 billion by 2030.

Q.2 What is the growth forecast for thermal paste market?

Answer: The global thermal paste market is expected to grow with a CAGR of 21.3% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the thermal paste market?

Answer: The major drivers for this market are increasing use of electronic devices, growing data center and server market, and rising telecommunications equipment industry.

Q4. What are the major segments for thermal paste market?

Answer: The future of the global thermal paste market looks promising with opportunities in the water coolers and air based heat sinks markets.

Q5. Who are the key thermal paste market companies?

Answer: Some of the key thermal paste companies are as follows:

• I.M Technology
• 3M
• Shin-Etsu
• MG Chemicals
• Boyd Corporation
• Arctic Silver
• Cooler Master

Q6. Which thermal paste market segment will be the largest in future?

Answer: Lucintel forecasts that silicon based will remain the larger segment over the forecast period due to the increasing demand for electronic devices and it is effective at transferring heat away from electronic components.

Q7. In thermal paste market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region during the forecast period due to high demand for thermal paste in China and India, along with growth of the data center market and the rising demand for high-performance thermal paste.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the thermal paste market by type (silicon free and silicon based), application (water coolers, air based heat sinks, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?