The global Thermal Interface Material (TIM) market size is expected to reach USD 7.34 billion in 2030 and register a revenue CAGR of 10.0% over the forecast period, according to the latest analysis by Emergen Research. Thermal interface material market revenue growth is primarily driven by factors such as rapid industrialization in developing countries and significantly high demand for consumer electronics globally. Also, increasing applications of TIM in industrial machinery is driving revenue growth in the market. Application of TIM in machinery helps to maintain low temperatures in components by reducing heat transfer. This can be achieved through improved insulation or by using materials with high specific resistance properties.
The market size, revenue growth, and CAGR from 2022 to 2030 are all addressed in the Thermal Interface Material Market Analysis. The research also gives significant insights into the top market players, including SWOT analysis, Porter's Five Forces analysis, and feasibility analysis, to give readers a competitive edge. The study focuses on the current epidemic's most recent trends, major challenges, opportunities, and limitations.
To receive a PDF sample of the report, visit @ https://www.emergenresearch.com/request-sample/176
Global Thermal Interface Materials Market Highlights:
Regional demand estimation and forecast
Product Mix Matrix
RD Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Thermal Interface Materials market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Thermal Interface Materials market and pinpoint the fundamental growth trends.
Key Companies Profiled in the Report are:
Parker Hannifin Corporation, Indium Corporation, Dow Inc., 3M Company, Wakefield Thermal, Inc., DuPont De Nemours, Inc, Henkel AG Co. KGaA, Fujipoly, Momentive, and Honeywell International Inc
Key Parameters Analyzed in This Section:
Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales distribution channels
Regional Segmentation:
North America
Latin America
Europe
Middle East Africa
Asia Pacific
Key Points Covered in This Section:
Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate
Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends @ https://www.emergenresearch.com/industry-report/thermal-interface-materials-market
Some Key Highlights From the Report
On 20 January 2022, 3M expanded its operations in Clinton, Tenn to create new jobs. The organization plans to invest approximately USD 470 million and add around 600 new jobs by 2025.
By product type, the phase change materials segment accounted for a significantly robust revenue share in 2021. Phase change materials maintain a consistent temperature at their melting point while undergoing solid to liquid transition, enabling material to offer exceptional temperature control between surfaces. Phase change materials find usage in construction as demand for cooler and environment-friendly buildings is growing. TIM acts as heat storage where heat is absorbed in summers and used in winter to manage temperature differences. In addition, with a rise in demand and supply energy gap owing to rapid urbanization and depletion of fossil fuel resources, there is a need for development of technologies with renewable energy sources. For instance, on 18 June 2020, Sumitomo Chemical Co., Ltd. developed a new resin heat storage material, HEATORAGE. This product is designed to absorb and release latent heat at a specific temperature range.
By application, the telecom segment revenue is expected to register a rapid revenue growth rate during the forecast period owing to rapid traction of a cashless and digital economy, which is resulting in increasing data volumes and traffic on servers, leading to heating of components. In a traditional base station, TIM is used in baseband as well as remote radio head unit. 5G stations are being rolled out in several places, which are providing future opportunities for advancements in thermal interface materials. In addition, telecom companies in various regions are focusing on accelerating digital transformation of governmental organizations and private sectors. On 8 October 2021 for instance, Oracle, TIM (Telecom Italia), and Noovle, TIM Group's cloud company collaborated to offer multi-cloud services for enterprises and public sector organizations in Italy. This collaboration is also aimed at boosting digital innovation, thereby digitizing business and public administration, for which Oracle Fusion Cloud Enterprise Resource Planning (ERP) was selected to optimize the finance and supply chain process, aiding in new revenue growth in Italy.
Europe market is expected to register a rapid revenue growth rate during the forecast period. This can be attributed to technological developments followed by product innovations that have led to a rise in consumption of thermal interface materials in this region. Major contributors to Europe revenue share are Germany, France, Italy, the UK, and Spain. On 6 June 2021, Telecom Italia launched first ‘5G Cloud network’ in Italy. This solution was launched by Noovle’s in collaboration with Google Cloud and Ericsson. Also, on 20 September 2021, Henkel launched Bergquist Gap Filler TGF 3000SF in Germany. The product has excellent dielectric strength that is ideal for high voltage applications.
Market Overview:
The report bifurcates the Thermal Interface Materials market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Product Type Outlook (Revenue, USD Billion; 2018–2030)
Greases Adhesives
Tapes Films
Gap Fillers
Phase Change Materials
Metal-Based Thermal Interface Materials
Others
Material Outlook (Revenue, USD Billion; 2018–2030)
Epoxy
Polyimide
Others
Application Outlook (Revenue, USD Billion; 2018–2030)
Computers
Telecom
Consumer Durables
Automotive Electronics
Medical Devices
Industrial Machinery
Others
To seek a discount on this report, visit @ https://www.emergenresearch.com/request-discount/176
Additional information offered by the report:
Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Cobots market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
Request Customization as per your specific requirement @ https://www.emergenresearch.com/request-for-customization/176
Thank you for reading our report. If you have any requests for customization of the latest report, kindly get in touch with us. Our team will assist you and ensure the report is designed as per your requirements.
Latest Published Reports by Emergen Research:
smart lighting market
https://www.emergenresearch.com/industry-report/smart-lighting-market
airborne intelligence surveillance and reconnaissance market
blockchain in automotive and aerospace and aviation market
animal ultrasound market
https://www.emergenresearch.com/industry-report/animal-ultrasound-market
light emitting diode lighting driver market
https://www.emergenresearch.com/industry-report/light-emitting-diode-lighting-driver-market
nano satellite market
https://www.emergenresearch.com/industry-report/nano-satellite-market
aerospace 3d printing market
https://www.emergenresearch.com/industry-report/aerospace-3d-printing-market
augmented reality market
https://www.emergenresearch.com/industry-report/augmented-reality-market
zero emission aircraft engines market
https://www.emergenresearch.com/industry-report/zero-emission-aircraft-engines-market
network automation market
https://www.emergenresearch.com/industry-report/network-automation-market
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Latest Report: Millimeter Wave Fifth Generation Market, Surface Acoustic Wave Filters Market
Trending Title: Photoelectric Sensor Market, Medical Display Market
