Global Liquid Metal Product Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Liquid Metal Product Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A liquid metal is a metal or a metal alloy which is liquid at or near room temperature. Mercury, francium, cesium, gallium, and rubidium are all metals that are liquid below or near room temperature. Liquid Metal Product is a product produced using liquid metal, such as Liquid Metal Thermal Pad, Liquid Metal Flexible Intelligent Equipment, Thermal Paste, etc.

Market Overview:

The latest research study on the global Liquid Metal Product market finds that the global Liquid Metal Product market reached a value of USD 120.55 million in 2022. It’s expected that the market will achieve USD 490.71 million by 2028, exhibiting a CAGR of 26.36% during the forecast period.

Production and Supply Challenges

COVID-19 has dealt a huge blow to the manufacturing industry. Raw material and transportation issues have hampered production and sales in the Liquid Metal Products industry. In addition, with the spread of COVID-19, the global economy has also entered a downturn, which has a negative impact on the market demand for Liquid Metal Products.

Labor issues

The ongoing pandemic has led to an unprecedented crisis that has wreaked havoc on economic sectors and labor markets in countries around the globe. For example, measures such as full or partial lockdowns have caused companies to fail and various people to lose their jobs. At the same time, companies with normal production need to invest more costs in the protection of employees, and the Liquid Metal Product industry is no exception.

Growth in Printed Electronics Industry Boosts Liquid Metal Product

As a newly emerging additive manufacturing technology, printed electronics based on the printing principle has received more and more attention. Compared to conventional electronics manufacturing, such technique has many advantages such as speediness, flexibility, personalized customization, and low cost. Currently, there are three kinds of typical conductive inks used in printed electronics—conductive carbon ink, conductive polymer, and metal conductive ink. However, the electrical conductivities of the conductive carbon ink and the conductive polymer are typically lower than 105 S/m, which impedes their application in high-sensitivity circuit fabrication. As to the metal conductive ink, post-treatments via long time curing process are often needed, which reduce the printing speed and improve the manufacturing costs. As an alternative, liquid metal is emerging as a new class of conductive ink. Such material has unique merits such as high electrical conductivity, simple preparation process, requesting no post-processing after printing, and so on. Therefore, Liquidmetal Electronic Ink has development potential.

Emphasis on renewable energy boosts Liquid Metal Product

The fast technological and economic development for the progression of societies worldwide induces a quickly increasing energy demand. The most consumption of energy comes from fossils fuels, which are limited and drive severe environmental pollutions and climate changes. Therefore, the effective utilization of energy becomes a major issue, which has compelled the trend to be shifted towards the utilization of sustainable and renewable energy resources. However, the intermittency of many renewable energy sources significantly reduces the energy conversion efficiency and becomes the major constraint of developing the relevant power generation technologies. Thermal energy storage (TES) is a promising solution for this issue and therefore undergoes rapid development. TES, which utilizes the change of the internal energy within the storage media, can be classified into thermochemical-, sensible-, or latent heat storage. Compared to sensible heat, latent heat storage is a more efficient method and provides a much higher energy density with a smaller temperature difference between storing and releasing heat. Phase Change Materials (PCMs), also called latent heat storage materials, have a high heat of fusion in general and can store/release a large amount of energy during melting/solidifying processes. PCMs have been considered as storage media with a wide range of applications including cooling of food products, spacecraft thermal systems, textiles, building, solar systems, and waste heat recovery system. Liquid Metal Composite Phase Change Energy Storage Capsule is a development direction in this field, which has great development potential.

5G communications drive market demand for thermal interface materials

Liquid metal thermal paste is a thermal interface material with very stable physical and chemical properties. This material has good wettability and adhesion with higher temperature resistance properties. It is stable in liquid state at low temperature and will remain in its state when subjected to high temperature. Liquid metal thermal paste are designed to reduce microscopic air gaps between the surface of the cooler and the CPU’s integrated heat spreader. Liquid Metal Thermal Pad is a kind of pure Metal sheet thermal interface material used between the heating device and the heat sink. It absorbs heat from the heating element by its low melting point and fills the interface gap to form a good Thermal conduction channel. These two products are used in mobile phones, personal computers, servers, cloud storage, LED devices, IGBT modules and other aspects. 5G devices will not only increase the frequency of use, but also tend to be smaller. The power and heat of base station equipment are larger than those of 4G, which will generate more heat. Liquid Metal Thermal Pad and Thermal Paste provide better Thermal management services for 5G base station construction. With the increase of heat dissipation requirements, Liquid Metal products have a greater market demand.

Region Overview:

In 2022, the share of the market in China stood at 35.13%.

Company Overview:

Yunnan Zhongxuan Liquid Metal Technology Co., Ltd. is one of the major players operating in the Liquid Metal Product market, holding a share of 22.47% in 2022.

Yunnan Zhongxuan Liquid Metal Technology Co., Ltd.

Yunnan Zhongxuan Liquid Metal Technology Co., Ltd. is a focus on liquid metal materials, functional devices, equipment manufacturing research and development, production and sales as one of the high-tech enterprises. Completed the first set of liquid metal in the world in terms of industrialization of electronic handwritten pen, 3 d liquid metal pen, electronic ink lines, as well as the domestic first liquid metal piece of thermal conductivity, thermal paste production line, production line for liquid metal powder preparation, liquid metal welding materials production lines, liquid metal orthopaedic external fixation materials and production lines, with a liquid metal LED intelligent glass production line.

UES, Inc.

UES, Inc. provides scientific research and technology development services. The Company offers government and industrial clients with research and development expertise, support, and value-added management services. Technical expertise in several disciplines, including materials science, aerospace power and propulsion, bio and nanoscale technologies, surface engineering, photonic and electronic technologies, additive manufacturing, and product development.

Segmentation Overview:

As for product types, the Thermal Paste segment held the largest market share in 2022.

Liquid Metal Thermal Pad

Liquid Metal Thermal Pad is a solid sheet pure metal thermal interface product. It not only has excellent thermal conductivity, but also is easy to operate and requires no coating process.
Liquid Metal Flexible Intelligent Equipment Liquid metal can be bent, stretched and twisted with little damage. Using the properties of liquid metal, it is possible to create a new generation of flexible devices such as virtual reality interfaces, medical monitors, motion sensing devices, etc.
Thermal Paste Thermal Paste is a pure metal thermal interface material that is paste-like at room temperature. Thermal paste is mostly used as an interface between a chip and a heatsink. Its goal is to eliminate air gaps that act as thermal insulators, and thus maximize heat transfer and dissipation.
Electronic Ink Liquid metal electronic ink is a composite metal material that is synthesized from various metals through a series of processes, and its wettability is improved according to different substrates, and it is liquid at room temperature. Electronic Ink has excellent electrical conductivity and good wettability.
Liquid Metal Composite Phase Change Energy Storage Capsule Liquid Metal Composite Phase Change Energy Storage Capsule is an energy storage material. Liquid Metal Composite Phase Change Energy Storage Capsule material can be matched with other substrate materials such as fibers, fabrics, coatings, plates, etc., and become an excellent composite phase change energy storage substrate, which is widely used in intelligent temperature control, special protection, building energy saving and other fields.

Application Overview:

The market's largest segment by application is the segment Thermal Management, with a market share of 35.83% in 2022.

Key Companies in the global Liquid Metal Product market covered in Chapter 3:

Aqwest LLC
Yunnan Zhongxuan Liquid Metal Technology Co., Ltd.
Indium Corporation
CoolLaboratory
Thermal Grizzly
Liquid King
Gelid
Yunnan Kuwait
Dream Ink
Yunnan jingchuang
UES, Inc.
Cooler Master

In Chapter 4 and Chapter 14.2, on the basis of types, the Liquid Metal Product market from 2018 to 2029 is primarily split into:

Liquid Metal Thermal Pad
Liquid Metal Flexible Intelligent Equipment
Thermal Paste
Electronic Ink
Liquid Metal Composite Phase Change Energy Storage Capsule
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Liquid Metal Product market from 2018 to 2029 covers:

Thermal Management
Additive Manufacturing
Printed Electronics
Flexible Electronics
Soft Robot
Electronic Skin
Solar Industry
Magnetic Material Industry
Medical
Battery
Supercapacitor
Hydrogen Energy
Aerospace & Military
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)