China Thermal Interface Materials Market Size & Outlook
China thermal interface materials market, 2018-2030 (US$M)
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China thermal interface materials market highlights
- The China thermal interface materials market generated a revenue of USD 735.2 million in 2023 and is expected to reach USD 1,655.3 million by 2030.
- The China market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
- In terms of segment, greases & adhesives was the largest revenue generating product in 2023.
- Phase Change Materials is the most lucrative product segment registering the fastest growth during the forecast period.
Thermal interface materials market data book summary
| Market revenue in 2023 | USD 735.2 million |
| Market revenue in 2030 | USD 1,655.3 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Greases & adhesives |
| Fastest growing segment | Phase Change Materials |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, China accounted for 19.8% of the global thermal interface materials market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China thermal interface materials market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 345.9 million by 2030.
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Thermal Interface Materials Market Scope
Thermal Interface Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 34.58% in 2023. Horizon Databook has segmented the China 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 medical device industry is expected to register sustained growth with an increase in the demand for high-tech medical device imports to treat chronic and age-related diseases. China’s 13th five-year plan prioritizes innovation in healthcare, thus improving the foreign medical device prospects for the manufacturers.
The growth of the medical device manufacturing in the economy is expected to result in an increase in the demand for thermal interface materials used across various applications in the medical devices.
The China thermal interface materials market accounts for a substantial market share and is likely to exhibit high growth rate on account of increasing automobile production in the country. The increasing automobile production can be attributed to the presence of key players and the manufacturing base and sales units of key OEMs in the economy.
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Our clientele includes a mix of thermal interface materials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China thermal interface materials market , including forecasts for subscribers. This country databook contains high-level insights into China thermal interface materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China thermal interface materials market size, by product, 2018-2030 (US$M)
China Thermal Interface Materials Market Outlook Share, 2023 & 2030 (US$M)
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