Global Thermally Conductive Film Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Thermally Conductive Film Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Thermally Conductive Film is a flexible material used to conduct heat from surfaces.

Market Overview:

The latest research study on the global Thermally Conductive Film market finds that the global Thermally Conductive Film market reached a value of USD 937.62 million in 2022. It’s expected that the market will achieve USD 1603.95 million by 2028, exhibiting a CAGR of 9.36% during the forecast period.

Price fluctuation of raw materials

Raw materials are an important part of thermally conductive film industry, accounting for most of the production cost. Generally speaking, the quality of raw materials directly affects the quality of thermally conductive film. Since last year, the fluctuation of global commodity prices has intensified. Most thermally conductive film manufacturers are facing the pressure of rising raw material costs, which brings a lot of troubles to their business operations. The market price of metal and resin raw materials has been rising continuously this year. The rising prices of raw materials have seriously affected the profits of enterprises. Therefore, if the company can't effectively reduce costs and improve efficiency, and maintain the bargaining power of product prices, there will be the risk of falling gross profit margin and performance.

Intense market competition

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made.
At present, there are many participating enterprises in the thermally conductive film industry. In the future market competition, if manufacturers fail to surpass their competitors in terms of product quality, sales channels and R&D strength, they will be unable to maintain their existing competitive position in the thermally conductive film market and lose their original market share, and there will be a risk that the operating performance of manufacturers will decline.

Mergers and acquisitions and integration between enterprises promote and promote industry progress

In recent years, the trend of mergers and acquisitions has swept the thermally conductive film industry. Mergers & acquisitions, innovation, and expansion remain prevailing key trends for the thermally conductive film manufacturers and suppliers as these strategic moves support their growth and expansion plans. They deliver reliable, leading-edge products and services. For which they invest substantially in R&D to develop adept technologies and product portfolio. International major manufacturers have focused on achieving the maximum benefits in the short term, and use mergers and acquisitions as the best choice for expanding production lines, production capacity, regional markets, and technological capabilities. The momentum of strong alliances, mergers and reorganizations among manufacturing companies has become increasingly prominent. Through the re-integration of superior resources, the company's overall strength has been rapidly improved, while operating efficiency has been improved, service capabilities to the market have been further strengthened, and a stronger overall competitiveness has formed. From the current development trend, mergers and acquisitions and integration among enterprises will continue in the next few years. This will be an effective way to promote and promote the overall progress of the industry, and a direction that industry companies must pay more attention to in the future.

Region Overview:

In 2022, the share of the Thermally Conductive Film market in Asia Pacific stood at 73.3%.

Company Overview:

3M is one of the major players operating in the Thermally Conductive Film market, holding a share of 10.31% in 2023.

3M

3M Co. is a technology company, which manufactures industrial, safety and consumer products. It operates through the following segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.

Panasonic

Panasonic Corporation manufactures electric and electronic products. The Company produces home appliances, car navigation systems, digital devices, computer peripherals, telecommunications, industrial equipment, and electronic parts. Panasonic has associated companies around the world.

Segmentation Overview:

Among different product types, Graphite Thermally Conductive segment is anticipated to contribute the largest market share in 2028.

Silicone Thermal Conductive

Silicone thermal conductive film is one of the most commonly used thermal gap filling materials, and it is also one of the most widely used thermal gap filling materials. Silicone thermal conductive film is made of silicone oil as raw material and added insulation, temperature resistance, and thermal conductive materials. The filled thermal pad has the characteristics of high thermal conductivity, low interface thermal resistance, insulation, compressibility, etc., because of its softer hardness, it can realize a smaller thermal resistance under low pressure conditions, and at the same time Eliminate the air between the contact surfaces and fully fill the rough surfaces between the contact surfaces to improve the heat conduction effect of the contact surfaces. Because of the good filling effect of the silica gel thermal conductive film, it can effectively conduct the heat of the heat source to the shell, and the silica gel thermal conductive film has good compressibility and elasticity, and can serve as a shock-absorbing pad.

Aluminum Film Compounded Thermal Conductive

Aluminum film compounded thermal conductive films is made up of aluminum and other materials that improve thermal conductivity. This type of film is used to improve heat dissipation in various applications. They are generally thinner than silicone thermal conductive films, making them a good choice for smaller devices or applications with limited space

Graphite Thermally Conductive

Thermally Conductive Graphite is created from a high temperature sintering process, heating a polymer film to its decomposition temperature in a vacuum and allowing it to carbonize then graphitize until ultimately left with a highly oriented graphite material.
Thermally Conductive Graphite can be used in many industries, including but not limited to Mobile Electronics, Aerospace, Automotive, and Telecommunications, all of which benefit from the improved thermal conductive performance. Due to the thin size of the material, an ideal use case is for supplemental thermal management in areas where space is limited. This thermally conductive material is RoHS compliant and can be die-cut, press-formed, or laminated with polyester to improve electrical insulation and/or pressure-sensitive adhesive tape for easy attachment to a surface.

Application Overview:

The market's largest segment by application is the segment Electronics, with a market share of 75.81% in 2022.

Key Companies in the global Thermally Conductive Film market covered in Chapter 3:

Kerafol
Kaneka
Element Solutions
Panasonic
3M
Polymatech
Boyd Corporation
NeoGraf Solutions, LLC
Furukawa
Tanyuan Tech
Henkel
DuPont

In Chapter 4 and Chapter 14.2, on the basis of types, the Thermally Conductive Film market from 2018 to 2029 is primarily split into:

Silicone Thermal Conductive
Aluminum Film Compounded Thermal Conductive
Graphite Thermally Conductive
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Thermally Conductive Film market from 2018 to 2029 covers:

Electronics
Power Devices
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)