The liquid thermal interface materials were originally designed for the automotive industry and the need for use highly automated production lines. These thermal interface materials have been used for over a decade in some of the most demanding electronic products on the market. Because of their success there, the demand for liquid thermal interface materials is rapidly rising in all of the electronic industry, as they assist in reducing the overall cost of manufacturing while increasing the thermal performance of assemblies.

The growth of liquid thermal interface materials solutions, are the advantages a dispensed material has in a highly automated assembly process. Many of these products have been created with efficient-dispensing as a key product characteristic. The cure-in-place versions of liquid thermal interface materials, when put under pressure in the dispensing system, will drop in viscosity and enable the material to be dispensed quickly.  Since these liquid thermal interface materials can be dispensed to fill just about any dimension, they can often displace several different thermal interface materials used within the module. The liquid thermal interface materials can be used in both of these applications, and reduce the overall part count within the module.

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Thermal Interface Materials Market: Market Dynamics

The global thermal interface materials market is expected to expand at a significant growth over the next few years. The growth of the market is primarily driven owing to advancement of technology, increasing utilization of internet of things (IoT) and rising demand for sophisticated electronics across various industries. Further, in sync with global trend of sustainability, automotive manufacturers are increasing preference towards electronic vehicle in order to reduce energy consumption and greenhouse gas emissions, which in turn can drive the demand for thermal interface materials.

Moreover, with the increasing trend of automation, industries are incorporating more and more electrical and electronic devices, hence thermal management has become more and more important, which is another key factor for the growth in demand of thermal interface materials in the near future. The global thermal interface market is also set to benefit from rapid population growth and increasing urbanization along with increasing disposable income which is driving the growth of consumer electronics. Furthermore, advancement in the medical industry is also expected to support the growth of the global thermal interface materials market. Manufacturers are continuously investing in research and development of lightweight, efficient and higher conductive materials in order to gain traction in the market.

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Thermal Interface Materials Market: Segmentation

On the basis of base material, the global thermal interface materials market can be categorized as:

  • Metal Based
  • Thermal Greases
  • Adhesives
  • Tapes & Films
  • Phase Change Materials
  • Others

On the basis of end-use industry, the global thermal interface materials market can be categorized as:

  • Telecom
  • Computers (IT/Enterprise)
  • Medical Device
  • Consumer Electronics
  • Automotive Electronics
  • Medical Devices
  • Other Industrial

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Thermal Interface Materials Market: Key Participants

Examples of some of the market participants operating in the global thermal interface materials market are as follows:

  • Parker Hannifin Corp
  • 3M
  • Indium Corporation
  • Laird Technologies
  • Henkel AG & Co. KGaA
  • Honeywell International Inc
  • Fujipoly
  • Kitagawa Industries
  • Honeywell International
  • Momentive Performance Materials Inc.

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