Global Thermal Interface Materials Market Size & Outlook

The global thermal interface materials market size was estimated at USD 4,103.5 million in 2024 and is projected to reach USD 7,890.8 million by 2030, growing at a CAGR of 11.6% from 2025 to 2030.
Revenue, 2024 (US$M)
$4,103.5
Forecast, 2030 (US$M)
$7,890.8
CAGR, 2025 - 2030
11.6%
Report Coverage
Worldwide

Global thermal interface materials market highlights

  • The global thermal interface materials market generated a revenue of USD 4,103.5 million in 2024 and is expected to reach USD 7,890.8 million by 2030.
  • The market is expected to grow at a CAGR (2025 - 2030) of 11.6% by 2030.
  • In terms of segment, greases & adhesives accounted for a revenue of USD 1,567.6 million in 2024.
  • 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 2024.
  • Country-wise, India is expected to register the highest CAGR from 2025 to 2030.

Global data book summary

Market revenue in 2024USD 4,103.5 million
Market revenue in 2030USD 7,890.8 million
Growth rate11.6% (CAGR from 2025 to 2030)
Largest segmentGreases & adhesives
Fastest growing segmentPhase Change Materials
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTapes & Films, Metal, Greases & Adhesives, Phase Change Materials, Elastomeric Pads

Other key industry trends

  • In terms of revenue, the North America accounted for 25.9% of the global thermal interface materials market in 2024.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, India is the fastest growing regional market and is projected to reach USD 345.9 million by 2030.

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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

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 38.2% in 2024. Horizon Databook has segmented the Global thermal interface materials market based on tapes & films, metal, greases & adhesives, phase change materials, elastomeric pads 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, 2024 (US$M)

Global thermal interface materials market share, by product, 2024 & 2030 (%, US$M)

Thermal interface materials market: Opportunity assessment by country

Global thermal interface materials market, by region, 2024 (US$M)

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

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