Authored By: Sarah
17 Sep 2021

Thermal Interface Materials Market: Key Drivers and Segmentation

Growth Drivers and Market Forecast for 2020-2024

Technavio’s Thermal Interface Materials Market is set to grow by $ 1.34 bn, and the market will progressing at a CAGR of over 11% till 2024. This research report identifies and analyses the growth drivers that will boost market growth. It also provides a thorough understanding of all the segments, trends and challenges that are likely to have an impact on the future prospects fo the market in focus.


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Thermal Interface Materials Market: Key Market Drivers

One of the key factors that will drive growth is Increasing demand from computer segment. This research report provides a comprehensive analysis of this and all the other factors that will boost growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. Our analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.

Top Drivers for Thermal Interface Materials Market Size to Grow by $ 1.34 bn During 2020-2024

Thermal Interface Materials Market: Segment List

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Thermal Interface Materials Market is segmented by Application (Computers, Telecom, Automotive electronics, Medical devices, and Others) and Geography (APAC, North America, Europe, South America, and MEA). Request our Free Sample Report

Thermal Interface Materials Market: Vendor Analysis

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market.  3M Co., DuPont de Nemours Inc., Fuji Polymer Industries Co. Ltd., Henkel AG & Co. KGaA, Honeywell International Inc., Indium Corp., Laird Performance Materials, Momentive Performance Materials Inc., Parker Hannifin Corp., and Shin-Etsu Chemical Co. Ltd. are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of over 11%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 1.34 bn through 2020-2024.
     
  3. What is a key factor driving this market?
    Increasing demand from computer segment will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    69% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 3M Co., DuPont de Nemours Inc., Fuji Polymer Industries Co. Ltd., Henkel AG & Co. KGaA, Honeywell International Inc., Indium Corp., Laird Performance Materials, Momentive Performance Materials Inc., Parker Hannifin Corp., and Shin-Etsu Chemical Co. Ltd.
     
  7. What are the market segments covered in this report?
    The market is segmented by Application (Computers, Telecom, Automotive electronics, Medical devices, and Others) and Geography (APAC, North America, Europe, South America, and MEA)

Technavio has been monitoring the global thermal interface materials (TIM) market and it is expected to grow by USD 1.34 billion accelerating at a CAGR of 11% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

This report provides a detailed analysis of the thermal interface materials market by Application (Computers, Telecom, Automotive electronics, Medical devices, and Others) and Geography (APAC, North America, Europe, South America, and MEA), and the Segment Forecasts, 2020-2024. The report also provides a detailed analysis of around 25 vendors operating in the thermal interface materials market. 

Top Drivers for Thermal Interface Materials Market Size to Grow by $ 1.34 bn During 2020-2024

Thermal Interface Materials Market: Segmentation by Application

During 2019, the computers segment accounted for the major share of the Thermal Interface Materials Market. Thermal interface materials are used essentially for dissipating excessive heat generated by components such as CPU, graphic cards, hard disks, and chipsets in devices such as laptops, PCs, tablets, and palmtops. This report provides an accurate prediction of the contribution of all the segments to the growth of the thermal interface materials size.

Thermal Interface Materials Market: Segmentation by Geography

APAC was the largest TIM Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This can be attributed to severaal factors such as the strong presence of industries such as automobile, electronics, healthcare, and utilities which are increasingly adopting thermal interface materials.Market growth in this region will be slower than the growth of the market in MEA.

Thermal Interface Materials Market: Vendor Analysis

The market is fragmented with the presence of numerous regional and global vendors. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., DuPont de Nemours Inc. and Fuji Polymer Industries Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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