Market Research Report
Global Thermal Interface Market Insights, Opportunity, Analysis, Market Shares And Forecast 2016 - 2022
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||370299|
|Published||Content info||140 Pages
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|Global Thermal Interface Market Insights, Opportunity, Analysis, Market Shares And Forecast 2016 - 2022|
|Published: September 12, 2016||Content info: 140 Pages||
The global thermal interface materials market accounted for $774 million in 2015 and is anticipated to grow with a double digit CAGR of 12%. Thermal interface materials (TIMs) are materials that are thermally conductive, and are helpful for increasing the thermal contact conductance through the interconnected solid surfaces, such as between microprocessors and heatsinks to increase thermal transfer efficiency. These thermal interface materials are used in a wide array of electronic products such as automotive electronics, telecom, consumer, lighting, military, medical, power supplies, personal computer, LED, motherboard, DRAM memory module, LCD TV, cooler, vehicle control module, etc. and with growing demand for various electronic products, the market for TIMs is expected to display impressive growth during the forecast period of 2016-2022.
The properties of the thermal interface material should not vitiate beyond approved limits when exposed to extreme environments. Even the thermal impedance of the material should remain high enough during the operation, so that the devices can work effectively. Thermal interface materials are helpful in increasing the life cycle and enhancing the performance of various electronic equipment and devices by eliminating or reducing the heat generated during its operation. Also, ease of application, reusability, stability against thermal shock and vibrations, and the thermal performance of TIMs causing major harm to the performance of devices are the key factors in the efficiency of thermal interface materials and its diverse applications. Electronics and electrical devices are is the largest end user segment and the rising demand for smart and sophisticated electrical devices is acting as one of the major factor driving the TIMs market. The booming telecom industry across the globe and the rising demand for seamless connectivity has given rise to various telecomm equipment and devices that are used for various applications and generate immense heat increasing the demand of TIMs in this sector. These factors coupled with growing LED market and the growing array of industrial application of TIMs are expected to fuel the market for TIMs during the forecast period. Also, the rising electrification in automotive and transport industry is further propelling the thermal interface market. This is due to the fact that heat management has very high importance in electric vehicles, which contains large energy storage systems. As vehicles incorporate more and more electrical and electronic devices, thermal management will become more and more important in this sector.
The market is majorly segmented on the basis of product type, application and geography. The TIMs are used in various applications such as automotive electronics, industrial machinery, telecom, consumer durables, computers, medical devices and others. The various types of TIMs are tapes and films, metal based thermal interface materials, phase change materials and gap fillers. Tapes are generally used as thermal insulators in electronic equipment's. Thermal tapes have very limited gap filling properties and hence are applied on surfaces with reasonable flatness. On the basis of geography the market is divided into North America, Europe, APAC, Middle East & Africa and Latin America. Asia Pacific has the largest market share of thermal interface materials market globally, followed by North America. China is anticipated to be the largest consumer of thermal interface materials in Asia Pacific due to the growing industrial sector and the rising number of manufacturing units in the region.