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According to IMARC Group’s latest report, titled “ Thermal Interface Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ”, the global thermal interface materials market reached a value of US$ 2.87 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.03 Billion by 2027, exhibiting at a CAGR of 9.7% during 2022-2027.
Thermal Interface Materials (TIMs) represent numerous products that are utilized for facilitating dissipation and transfer of heat in electronic devices. They work as an insertion material between two mechanically mated surfaces, including the heat-generating chip and the dissipating device. Some widely used TIMs include gap filler pads, graphite films, adhesives and greases, phase-change materials, thermally conductive fabrics and rubber, etc. They help in achieving ambient temperature for electronic devices to ensure optimal functioning. Apart from this, TIMs find various applications in semiconductor packaging, communication and consumer appliances, power electronics, etc.
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Thermal Interface Materials Market Trends:
The growing levels of industrialization and escalating demand for consumer electronics across the globe are among the primary factors driving the thermal interface materials market. Besides this, the increasing utilization of TIMs to manufacture compact, portable, energy-efficient, and durable light-emitting diode (LED) lights is acting as another significant growth-inducing factor. Moreover, continuous technological advancements, along with the escalating demand for miniaturized devices and the increasing utilization of multi-functional TIMs, are anticipated to bolster the global TMI market in the coming years.
Thermal Interface Materials Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the thermal interface materials market has also been examined along with the profiles of the key players.
Some of these key players include:
Henkel AG & Co. KGaA
The report has segmented the thermal interface materials based on product type, application, and region.
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa Others)
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Key highlights of the report:
Market Drivers and Success Factors
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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