Between 2022 and 2032, the global thermal interface materials market is anticipated to grow at a CAGR of 11.2%. The market will be worth USD 2.05 billion in 2022 and is expected to grow to USD 5.33 billion by 2032.
Thermal interface materials are usually inserted between two components or surfaces in order to improve the thermal coupling and heat flow between the two surfaces or components. Nowadays, electronic assemblers know the importance of thermal interface materials and use them in almost every application where heat flow is a critical part of operation.
These materials are used primarily due to the uneven, rough, and wavy surfaces of machined parts, which lead to few actual points of contact between the two joined components. These rough surfaces form air gaps when joined, resulting in insulation, and act as a thermal barriers for small scale power applications.
Thermal interface materials help eliminate air gaps and increase the heat conductance between the joined surfaces. These materials are available in several forms; however, their selection depends on several factors. Thermal conductivity is the primary selection criteria. Besides thermal conductivity, ease of usage during assembly, ability to rework, and long term stability are also important in selecting these materials for high-end applications.
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Global Thermal Interface Materials Market Key Players
Network Medical Products Ltd., Olympus, Lohmann & Rauscher, Meril Life Sciences Pvt Ltd., FABCO, Aegis Lifesciences, Summit Health, Smith & Nephew, Stryker Corporation, Medtronic plc.
Thermal Interface Materials Market by Segmentation
By Product Type:
- Tapes and films
- Elastomeric Pads
- Greases and adhesives
- Phase change materials
- Metal-Based
- Others
By Application Outlook:
- Telecom
- Computer
- Medical devices
- Industrial machinery
- Consumer durables
- Automotive electronics
- Others
Recent Developments in Global Thermal Interface Materials Market
- Lately, 3M stretched its operations in Clinton, Tennessee by investing around USD 470 million and adding around 600 new jobs by 2025 at its plant in Clinton, Tennessee.
- In 2022, Ray Techniques Ltd introduced an innovative technology for nanodiamonds manufacturing or laser ablation. The nanodiamonds obtained through this technology have high purity and homogeneity.
- Henkel AG & Co. KGaA launched a new TIM Bergquist Gap Filler TGF 7000. It is used for various applications, such as automotive ADAS systems, power conversion systems, electric pumps, and others. With this launch, the company strengthens its product portfolio in the TIMs market
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