Europe Thermal Interface Materials Market Size & Outlook
Europe thermal interface materials market, 2018-2030 (US$M)
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Europe thermal interface materials market highlights
- The Europe thermal interface materials market generated a revenue of USD 846.3 million in 2023.
- The market is expected to grow at a CAGR of 11% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 846.3 million |
| Market revenue in 2030 | USD 1,754.1 million |
| Growth rate | 11% (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 |
Other key industry trends
- In terms of revenue, Europe region accounted for 22.8% of the global thermal interface materials market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,207.2 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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Europe 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 34.18% in 2023. Horizon Databook has segmented the Europe 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.
Europe was the leading producer of automobiles in the historic period and the trend is projected to continue in the coming years.
Presence of major automotive manufacturers including Aston Martin, Volkswagen, Jaguar, BMW, Mercedes Benz, Volvo, Fiat, Audi, Ferrari, Lamborghini, and Porsche in the region is expected to augment the automobile production, which is, in turn, expected to drive the demand for thermal interface materials over the forecast period.
Moreover, the European Commission has planned to provide a further boost to the automotive industry by encouraging FDI from Asian automobile manufacturers such as Honda and Toyota, which is expected to fuel the market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe thermal interface materials market , including forecasts for subscribers. This continent databook contains high-level insights into Europe thermal interface materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe thermal interface materials market size, by country, 2018-2030 (US$M)
Europe Thermal Interface Materials Market Outlook Share, 2023 & 2030 (US$M)
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