Global Thermal Interface Materials Market Size & Outlook
Global thermal interface materials market, 2018-2030 (US$M)
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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 2023 | USD 3,707.6 million |
| Market revenue in 2030 | USD 7,890.8 million |
| Growth rate | 11.4% (CAGR from 2023 to 2030) |
| Largest segment | Greases & adhesives |
| Fastest growing segment | Phase Change Materials |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tapes & 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 Scope
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)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 717.7 | 786.2 | 778.4 | 815.4 | 882.4 | 964.2 | 1,063.5 | 1,177.7 | 1,307.8 | 1,454.7 | 1,620.8 | 1,808.6 | 2,020.8 | 11.2% |
| Europe | 635.1 | 694.6 | 686.5 | 718.1 | 775.8 | 846.3 | 930.5 | 1,027.9 | 1,139.3 | 1,265.8 | 1,408.4 | 1,570.3 | 1,754.1 | 11.0% |
| Asia Pacific | 1,012.5 | 1,125.3 | 1,084.0 | 1,158.0 | 1,283.7 | 1,431.7 | 1,599.5 | 1,790.2 | 2,006.3 | 2,251.4 | 2,530.0 | 2,846.8 | 3,207.2 | 12.2% |
| Latin America | 218.1 | 237.5 | 233.4 | 244.2 | 267.1 | 293.4 | 322.8 | 355.5 | 392.1 | 433.0 | 479.0 | 530.6 | 588.5 | 10.5% |
| MEA | 134.8 | 145.7 | 141.6 | 146.7 | 158.4 | 172.0 | 187.2 | 204.1 | 222.7 | 243.4 | 266.4 | 291.9 | 320.3 | 9.3% |
| Overall | 2,718.2 | 2,989.4 | 2,923.9 | 3,082.4 | 3,367.3 | 3,707.6 | 4,103.5 | 4,555.3 | 5,068.2 | 5,648.2 | 6,304.4 | 7,048.2 | 7,890.8 | 11.4% |
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