Market revenue in 2023 | USD 1,431.7 million |
Market revenue in 2030 | USD 3,207.2 million |
Growth rate | 12.2% (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 |
Key market players worldwide | 3M Co, Henkel AG & Co KGaA, Dow Inc, Honeywell International Inc, Shin-Etsu Chemical Co Ltd, Indium, Sibelco |
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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 34.64% in 2023. Horizon Databook has segmented the Asia Pacific 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.
The presence of an extensive electronic products manufacturing base in China and Taiwan is expected to result in extensive demand for thermal interface materials.
In addition, the presence of major electronic gadgets manufacturers, such as Foxconn and the projected capacity expansions for electronic products in India, is expected to drive the demand for thermal interface materials.
Growth of the pharmaceutical sector in countries such as India and China is expected to result in the expansion of the thermal interface material market in Asia Pacific.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific thermal interface materials market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific thermal interface materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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