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 latest analysis by Emergen Research. Thermal interface material market revenue growth is primarily driven by factors such as rapid industrialization in developing countries along with significantly high demand for consumer electronics globally. Also, increasing applications of TIM in industrial machinery is driving revenue growth of the market. Application of TIM in machinery helps to maintain low temperature of components by reducing heat transfer. This can be achieved through improved insulation or by using materials with high specific resistance properties. Rising demand for miniaturized electronic devices and increase in reliance of customers on consumer devices are other factors driving revenue growth of the market. Increasing demand for miniaturization of electronic devices such as mobile devices, touch screens & displays, and medical devices, is driving demand for TIMs.
The Thermal Interface Material (TIM) Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Thermal Interface Materials industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Thermal Interface Materials market along with crucial statistical data about the Thermal Interface Material (TIM) market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2030. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Get a sample of the report @https://www.emergenresearch.com/request-sample/176
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.
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
Parker Hannifin Corp, Indium Corporation, Dow, 3M, Wakefield Thermal, Inc., DuPont, Henkel AG & Co. KGaA, Fujipoly – Thermal Interface Materials, Momentive, Honeywell International Inc., SEMIKRON, and Linseis GmbH.
Request a discount on the report @https://www.emergenresearch.com/request-discount/176
Emergen Research has segmented the global Thermal Interface Material (TIM) market based on product type, materials, application, distribution channel, and region:
- Product Type Outlook (Revenue, USD Billion; 2019–2030)
- Greases & Adhesives
- Tapes & Films
- Gap Fillers
- Phase Change Materials
- Metal-Based Thermal Interface Materials
- Others
- Material Outlook (Revenue, USD Billion; 2019–2030)
- Silicone
- Epoxy
- Polyimide
- Others
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Computers
- Telecom
- Consumer Durables
- Automotive Electronics
- Medical Devices
- Industrial Machinery
- Others
- Distribution Channel Outlook (Revenue, USD Billion; 2019–2030)
- Online
- Offline
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request customization of the report @https://www.emergenresearch.com/request-for-customization/176
Market Dynamics:
The report offers insightful information about the market dynamics of the Thermal Interface Materials (TIM) market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Thermal Interface Material (TIM) market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Thermal Interface Materials market.
Radical Highlights of the Thermal Interface Materials Market Report:
- Comprehensive overview of the Thermal Interface Materials market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Thermal Interface Materials market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Click here to Buy Now @https://www.emergenresearch.com/select-license/176
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
Read similar reports by Emergen Research:
Carbon Neutral Data Center Market
https://www.emergenresearch.com/industry-report/carbon-neutral-data-center-market
Hemodynamic Monitoring Devices Market
https://www.emergenresearch.com/industry-report/hemodynamic-monitoring-devices-market
Fruit & Vegetable Processing Market
https://www.emergenresearch.com/industry-report/fruit-and-vegetable-processing-market
Smart Speaker Market
https://www.emergenresearch.com/industry-report/smart-speaker-market
Wireless Earbuds Market
https://www.emergenresearch.com/industry-report/wireless-earbuds-market
Data Center Backup And Recovery Solutions Market
https://www.emergenresearch.com/industry-report/data-center-backup-and-recovery-solutions-market
Turntable Market
https://www.emergenresearch.com/industry-report/turntable-market
Chip Scale Package Led Market
https://www.emergenresearch.com/industry-report/chip-scale-package-led-market
Car Tuning Market
https://www.emergenresearch.com/industry-report/car-tuning-market
Gel Documentation System Market
https://www.emergenresearch.com/industry-report/gel-documentation-system-market
About Emergen Research
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 analyze 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
The post Thermal Interface Material (TIM) market Statistics, Business Opportunities, Competitive Landscape and Industry Analysis Report by 2030 appeared first on Market O Graphics.
