THERMAL INTERFACE MATERIALS MARKET ANALYSIS

Thermal Interface Materials MarketSize and Trends

The global thermal interface materials market size was valued at US$ 2,428.6 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 10.98% from 2023 to 2030. The growing use of electronic consumer products such as smartphones, tablets, and laptops, increasing demand for automation in industries in developing countries, and rising expendable income among middle-class consumers are expected to drive market growth in the coming years. Thermal interface materials find application in a wide range of devices across diverse applications such as computers, telecom, industrial machinery, consumer durables, medical devices, and automotive electronics. They help in transferring excess heat efficiently to the outer layer of the device, which can be then dissipated.

Global Thermal Interface Materials Market Trends:

GAP-filling TIMs are gaining popularity

GAP-filling TIMs are often used in applications that require the filling of small air gaps between mating surfaces. This is especially true in micro-electronics and other small-scale assembly designs, where the distance between a hot chip or transistor and a metal heat sink is often on the micron scale. These gaps can be caused by a number of factors, including rough mating surfaces or uneven holes in the substrates. TIMs can help reduce these resistances by filling the voids and providing increased contact between the mating surfaces.

Emergence of 5G network is acting as a trend for TIM market

5G, a new standard for mobile internet networks, is bringing super-fast speeds and high-quality connections to people all over the world. It is a multi-tier system that uses low-band, mid-band, and mmWave frequencies to get signals from cell towers to wireless devices. These advancements in technology are great for speed and coverage, they also mean a larger need for thermal interface materials. While most thermal interface materials used today have a value below 4 W/m*K, the demands of future 5G devices could push that value into the 5 to 10 W/m*K range.