Thermal Interface Materials Market is Expected to Grow at a CAGR of 10% by 2023

Global Thermal Interface Materials Market Information Report by Type (Greases & Adhesives, Gap Fillers, Elastomeric Pads, Metal Based, Others), By Application (Telecommunications, Computer, Automotive, Industrial Machinery, Others) and By Region - Global Forecast To 2023

Market Research Future published a half cooked research report on Global Thermal interface materials market. The Thermal interface materials market is expected to grow over the CAGR of around 10% during the period 2017 to 2023.

Market Highlights:
The growth of the thermal interface materials market is majorly driven by the electrification of automobiles and the increased adoption of smart cars. The need for better connectivity in the automotive is also leading to the growth of the thermal interface materials market. The other factor driving the growth of the thermal interface materials market is the increase in demand for small portable electronic devices. However, the growth of this market is expected to be hindered by the easy availability of the alternative technologies.

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Key Players of Thermal Interface Materials Market:
• 3M Company (U.S.)
• Henkel Corporation (U.S.)
• Bergquist Company (U.S.)
• Indium Corporation (U.S.)
• Parker Chomerics (U.S.)
• Dow Corning (U.S.)
• Laird Technologies (U.S.)
• Momentive Performance Materials Inc. (U.S.)
• Zalman Tech Co., Ltd. (South Korea)

Market Research Analysis:
The Asia-Pacific region is expected to grow rapidly in the Thermal interface materials market owing to the increased production activities specifically in the automotive industry. In the developing countries such as India, the undertaking of various government initiatives such as make in India is leading to boom of various manufacturing industries, thereby leading to an increased use of thermal interface materials. The improvements in the medical industry in the region owing to the increasing healthcare concerns and rapid urbanization is further leading to the growth of the thermal interface materials market in the Asia-Pacific region.
In North America region, the market is expected to be driven by the rapid growth in the automotive industry owing to the initiatives undertaken for achieving fuel efficiency and the green policy introduced by the government.

Scope of the Report:
This study provides an overview of the global thermal interface materials market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Thermal interface materials market by its type, application and region.

By Type
• Greases & adhesives
• Gap Fillers
• Elastomeric pads
• Metal based
• Others

By Application
• Telecommunications
• Computer
• Automotive
• Industrial machinery
• Others

By Region
• North America
• Asia Pacific
• Europe
• Rest of the World

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Release ID: 206062