Thermal Interface Materials

Thermal Interface Materials

Global Thermal Interface Materials (TIMs) Market to Reach $4.8 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Thermal Interface Materials (TIMs) estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$4.8 Billion by 2027, growing at a CAGR of 8.7% over the analysis period 2020-2027. Greases & Adhesives, one of the segments analyzed in the report, is projected to record a 9.2% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Elastomeric Pads segment is readjusted to a revised 9.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $738 Million, While China is Forecast to Grow at 11.9% CAGR

The Thermal Interface Materials (TIMs) market in the U.S. is estimated at US$738 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$972.5 Million by the year 2027 trailing a CAGR of 12% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$658.7 Million by the year 2027.

Tapes & Films Segment to Record 6.5% CAGR

In the global Tapes & Films segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$269.4 Million in the year 2020 will reach a projected size of US$406.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 7.2% CAGR through the analysis period.

Select Competitors (Total 43 Featured) -

• 3M Company
• Henkel Adhesive Technologies
• Henkel AG & Co. KGaA
• Honeywell International, Inc.
• Indium Corporation
• Laird Technologies, Inc.
• Momentive Performance Materials, Inc.
• Parker Hannifin Corporation
• Wakefield-Vette, Inc.
• Zalman Tech Co., Ltd.

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