Thermal Interface Material Market Worth $962.0 Million by 2020
DALLAS, May 13, 2015 /PRNewswire/ --
The report "Thermal Interface Material Market by Type (Greases & Adhesives, Tapes & Films, Gap Fillers, Metallic TIMs, and PCM), by Application (Computers, Telecom, Medical Devices, Industrial Machinery, Consumer Durables, and Automotive Electronics), by Region - Trends & Forecasts to 2020", published by MarketsandMarkets, The Thermal Interface Material market size in terms of value is projected to grow at a CAGR of 11.0% between 2015 & 2020, and is estimated to increase to $962.0 Million by 2020.
Browse 107 market data Tables and 83 Figures spread through 200 Pages and in-depth TOC on"Thermal Interface Material Market".
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The market is segmented and values are projected on the basis of key regions, such as North America, Europe, APAC, and RoW (Rest of the World). The leading countries are covered and projected for each region. Further, the market is segmented and values are estimated on the basis of different types and applications.
APAC: Largest and Fastest-Growing Market of TIMs
APAC is currently the largest and fastest-growing market for TIMs. China is the largest consumer of TIMs in this region. The market size for thermal interface materials in APAC is projected to reach $724.5 Million by 2020.
The favorable market forces driving the market for TIMs in APAC are:
- Comparatively lower labor and transportation costs
- Increasing demand for energy efficient lightings
- Growing end-use industries in major APAC countries such as China, India, South Korea
Greases & Adhesives: Largest Segment of TIMs Market
Greases & Adhesives is currently the largest segment of thermal interface material market. Thermal grease is a paste comprised of thermally conductive ceramic fillers in silicone or hydrocarbon oils. Thermal greases are made up of a non-curing polymeric matrix to which conductive filler particles are added to make the greases & adhesives thermally conductive. OEMs prefer to use greases & adhesives because of their ability to flow into any nook of the intended application and conform to a wide range of surface roughness present on any housing, heat spreader, or heat sink surface. The market size for greases & adhesives segment is projected to reach $343.6 Million by 2020. APAC is currently the largest and fastest-growing market for greases & adhesives segment. The market size, in terms of value, of this segment in APAC is projected to grow at a CAGR of 12.0% between 2015 and 2020.
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Computers: Largest Application Segment of TIMs Market
Computer is the largest segment of thermal interface material market by applications. TIMs are commonly used for enhancing the thermal conductivity from the CPU or GPU to the heatsink coolers. Compute components such as CPUs, chipsets, graphics cards, and hard disk drives are susceptible to failure in case of overheating. In terms of value, the market size for computers segment is projected to grow at a CAGR of 11.3% between 2015 and 2020.
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), Honeywell International (U.S.), 3M Company (U.S.), and Wakefield-Vette, Inc. (U.S.) are some of the leading players in TIMs market.
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