Global Thermal Interface Materials Market Size & Outlook

The thermal interface materials industry worldwide is expected to reach a projected revenue of US$ 7,890.8 million by 2030. A compound annual growth rate of 11.4% is expected of the worldwide thermal interface materials industry from 2024 to 2030.
Revenue, 2023 (US$M)
$3,707.6
Forecast, 2030 (US$M)
$7,890.8
CAGR, 2024 - 2030
11.4%
Report Coverage
Worldwide

Global thermal interface materials market highlights

  • The global thermal interface materials market generated a revenue of USD 3,707.6 million in 2023 and is expected to reach USD 7,890.8 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 11.4% by 2030.
  • In terms of segment, greases & adhesives accounted for a revenue of USD 1,280.2 million in 2023.
  • Phase Change Materials is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.
  • Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 3,707.6 million
Market revenue in 2030USD 7,890.8 million
Growth rate11.4% (CAGR from 2023 to 2030)
Largest segmentGreases & adhesives
Fastest growing segmentPhase Change Materials
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTapes & Films, Elastomeric Pads, Greases & Adhesives, Phase Change Materials, Metal

Other key industry trends

  • In terms of revenue, the North America accounted for 26.0% of the global thermal interface materials market in 2023.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, Argentina is the fastest growing regional market and is projected to reach USD 28.7 million by 2030.

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Thermal Interface Materials Market Companies

Name Profile # Employees HQ Website

Global 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.


Greases & adhesives was the largest segment with a revenue share of 34.53% in 2023. Horizon Databook has segmented the Global thermal interface materials market based on tapes & films, elastomeric pads, greases & adhesives, phase change materials, metal covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Thermal Interface Materials Product Outlook (Revenue, USD Million, 2018-2030)
    • Tapes & Films
    • Elastomeric Pads
    • Greases & Adhesives
    • Phase Change Materials
    • Metal
    • Others
  • Global Thermal Interface Materials Application Outlook (Revenue, USD Million, 2018-2030)
    • Telecom
    • Computers
    • Medical Devices
    • Industrial Machinery
    • Consumer Durables
    • Automotive Electronics
    • Others

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Horizon Databook provides a detailed overview of global-level data and insights on the Global thermal interface materials market , including forecasts for subscribers. This global databook contains high-level insights into Global thermal interface materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global thermal interface materials market size, by regions, 2018-2030 (US$M)

Top 10 countries: Thermal interface materials market size, 2023 (US$M)

Global thermal interface materials market share, by product, 2023 & 2030 (%, US$M)

Thermal interface materials market: Opportunity assessment by country

Global thermal interface materials market, by region, 2023 (US$M)

Global thermal interface materials market size, by regions, 2018-2030 (US$M)

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