Any material that is positioned between two components to enhance thermal coupling is referred to as a thermal interface material (abbreviated as TIM[1]). The TIM is frequently used in the process of heat dissipation, which requires sandwiching it between two heat-generating components (like integrated circuits) and two heat-dissipating components (like heat sinks).
Future market growth is anticipated to be fueled by rising middle-class consumer disposable income, growing need for automation in developing-country firms, and rising use of electronic consumer goods like smartphones, tablets, and laptops. Due to the rising need for computers and laptops in the industrial and personal computing sectors, the computer application is anticipated to develop at the quickest rate. The market for thermal interface materials is anticipated to grow as a result of these products' greater use in the gaps between semiconductor packages and heat sink surfaces. The market is expected to grow as a result of increased consumer reliance on computers and mobile phones, increased adoption of electronic gadgets, and increased use of smart devices. The market is being driven by the manufacturing industry's expanding usage of robotics and automation. Additionally, during the projection period, technical advancements, a rise in industrial machinery and automotive electronics, as well as a wider use of automated procedures, are projected to propel market expansion.
The market for Thermal Interface Materials is anticipated to expand at a compound annual growth rate (CAGR) of 10.98% between 2023 and 2030.
Top Companies in the Thermal Interface Materials Industry:
1. The 3M Company
The 3M Company is an American multinational conglomerate was founded in 1902 and headquartered in Minnesota, U.S. It operates in more than 70 countries.
2. Dow Corning Corporation
Dow Corning Corporation was founded in 1897 and headquartered in Michigan, United States. It operates in about 160 countries. A thermal interface material (TIM) that is simple to dispense, resists slumping, and has good thermal conductivity has been introduced by Dow. This TIM is critical in 5G designs since they generate more heat due to increased power densities. Electrical designers can replace typical produced pads of various thicknesses with a single UL 94 V-0 material for dispensing or printing via manual or automated processes thanks to this two-part TIM and gap filler. The brand-new DOWSILTM TC-4040 Dispensable Thermal Pad offers incredibly dependable thermal and mechanical performance and supports both room temperature and accelerated curing.
3. Honeywell International, Inc
Honeywell International, Inc. was established in 1906 and has its U.S. headquarters in North Carolina. It is active in more than 70 nations globally. The Interagency for Market Control (DIMEA) of the Hellenic Ministry of Development, the Hellenic Police, and the Hellenic Customs have joined forces with The Chemours Company, a global chemistry company with market leadership in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, to prevent the entry of illegal fluorinated gas (F-gas) refrigerants into the European Union (EU) at the Greek border. This cooperation was announced in July 2023.
4. Indium Corporation
Indium Corporation was founded in 1934 and headquartered in New York,United States. It operates in China, Germany, India, Malaysia, Singapore, South Korea, the United Kingdom, and the U.S. At the IPC APEX trade show in January 2023, Indium Corporation demonstrated metal thermal interface materials and flux-cored wire.
5. Henkel AG & Co
Henkel AG & Co was founded in 1876 and headquartered in Düsseldorf, Germany. It operates in 79 countries. In May 2023, Henkel will introduce a brand-new injectable thermally conductive adhesive for EV battery systems.
6. Parker Chomerics
Parker Chomerics was founded in 1961 and headquartered in United States. It operates in 50 countries. The THERM-A-GAP GEL 75, a 7.5 W/m-K single component dispensable thermal interface material created for high performance applications, will go on sale in May 2021, according to Parker Hannifin Corporation's Chomerics business, a world leader in motion and control technologies.
7. Laird Technologies, Inc
Laird Technologies, Inc was founded in 1824 and headquartered in
London, United Kingdom. It operates in 16 countries.
8. Momentive Performance Materials, Inc
Momentive Performance Materials, Inc was founded in 2006 and headquartered in New York, United States. It operates in 20-plus countries around the world. Momentive Performance Materials, Inc. (Momentive), a global leader in high-performance silicones and specialty solutions, introduced HARMONIE in March 2023, a ground-breaking line of high-performance chemicals sourced from natural sources.
9. Fuji Polymer Industries, Co. Ltd
Fuji Polymer Industries, Co. Ltd was founded in 1978 and headquartered in Aichi, Japan. It operates in Japan (Headquarters), USA, UK, Thailand, Singapore, Hong Kong, China, Taiwan and Malaysia (9 locations)
10. Shin-Etsu Chemical Co. Ltd
Shin-Etsu Chemical Co. Ltd was founded in 1926 and headquartered in Chiyoda-ku, Japan. It operates in various countries including Japan, Malaysia, Germany, Singapore, South Korea, Taiwan, Philippines, Thailand, China, Australia, the UK, the Netherlands and the US. As high voltage device technology advances, Shin-Etsu Chemical Co., Ltd. introduced a new thermal interface silicone rubber sheet, the "TC-BGI Series," for use in components for electric vehicles in April 2022.
*Definition: The effective transfer of heat in electronic devices via heat sinks, fans, and other thermal dissipation methods depends on thermal interface materials (TIMs). TIMs improve heat transfer between a heat source and a heat sink by filling tiny gaps and voids that occur between these surfaces during assembly.
