Europe Thermal Interface Materials Market Size & Outlook

The thermal interface materials market in Europe is expected to reach a projected revenue of US$ 2,473.8 million by 2033. A compound annual growth rate of 11.7% is expected of Europe thermal interface materials market from 2026 to 2033.
Revenue, 2025 (US$M)
$1,027.9
Forecast, 2033 (US$M)
$2,473.8
CAGR, 2026 - 2033
11.7%
Report Coverage
Europe

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Europe thermal interface materials market, 2021-2033 (US$M)

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Europe thermal interface materials market highlights

  • The Europe thermal interface materials market generated a revenue of USD 1,027.9 million in 2025.
  • The market is expected to grow at a CAGR of 11.7% from 2026 to 2033.
  • In terms of segment, computers was the largest revenue generating application in 2025.
  • Medical Devices is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Germany is expected to register the highest CAGR from 2026 to 2033.


Europe data book summary

Market revenue in 2025USD 1,027.9 million
Market revenue in 2033USD 2,473.8 million
Growth rate11.7% (CAGR from 2026 to 2033)
Largest segmentComputers
Fastest growing segmentMedical Devices
Historical data covered2021 - 2024
Base year for estimation2025
Forecast period covered2026 - 2033
Quantitative unitsRevenue in USD million
Market segmentationMedical Devices, Industrial Machinery, Automotive Electronics, Computers, Others Application, Telecom, Consumer Durables
Key market players worldwide3M Co, Henkel AG & Co KGaA, Dow Inc, Honeywell International Inc, Shin-Etsu Chemical Co Ltd, Indium, Sibelco


Other key industry trends

  • In terms of revenue, Europe region accounted for 22.6% of the global thermal interface materials market in 2025.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 4,621.3 million by 2033.

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Thermal Interface Materials Market Companies

Name Profile # Employees HQ Website
Sibelco View profile 10001+ Antwerp, Antwerpen, Belgium, Europe http://www.sibelco.com
Indium View profile 501-1000 Clinton, New York, United States, North America http://www.indium.com/
Shin-Etsu Chemical Co Ltd View profile 25717 6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-0004 http://www.shinetsu.co.jp
Henkel AG & Co KGaA View profile 48000 Henkelstrasse 67, Duesseldorf, NW, Germany, 40589 https://www.henkel.com
Dow Inc View profile 35900 2211 H.H. Dow Way, Midland, MI, United States, 48674 https://www.dow.com
Honeywell International Inc View profile 95000 855 South Mint Street, Charlotte, NC, United States, 28202 https://www.honeywell.com
3M Co View profile 85000 3M Center, St. Paul, MN, United States, 55144 https://www.3m.com

Europe thermal interface materials market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thermal interface materials market will help companies and investors design strategic landscapes.


Computers was the largest segment with a revenue share of 25.33% in 2025. Horizon Databook has segmented the Europe thermal interface materials market based on medical devices, industrial machinery, automotive electronics, computers, others application, telecom, consumer durables covering the revenue growth of each sub-segment from 2021 to 2033.


Europe was the leading producer of automobiles in the historic period and the trend is projected to continue in the coming years. 

Presence of major automotive manufacturers including Aston Martin, Volkswagen, Jaguar, BMW, Mercedes Benz, Volvo, Fiat, Audi, Ferrari, Lamborghini, and Porsche in the region is expected to augment the automobile production, which is, in turn, expected to drive the demand for thermal interface materials over the forecast period. 

Moreover, the European Commission has planned to provide a further boost to the automotive industry by encouraging FDI from Asian automobile manufacturers such as Honda and Toyota, which is expected to fuel the market growth.

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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe thermal interface materials market , including forecasts for subscribers. This continent databook contains high-level insights into Europe thermal interface materials market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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Europe thermal interface materials market size, by country, 2021-2033 (US$M)

Europe Thermal Interface Materials Market Outlook Share, 2025 & 2033 (US$M)

Europe thermal interface materials market size, by country, 2021-2033 (US$M)

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