Market revenue in 2023 | USD 202.1 million |
Market revenue in 2030 | USD 423.3 million |
Growth rate | 11.1% (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 |
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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 33.94% in 2023. Horizon Databook has segmented the Germany 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.
Germany is one of the prime manufacturing hubs in the European region and a prominent production base for medical devices and pharmaceutical products. The country was the second-largest market for pharmaceutical products, manufacturing products worth approximately USD 32.71 billion.
Rising industrialization in Germany and growing R&D activities by pharmaceutical companies are expected to boost the production of medical devices and, in turn, drive the market for thermal interface materials.
Increasing healthcare expenditure in the country coupled with notable efforts toward increasing automation in medical devices is expected to increase the demand for thermal interface materials, thereby promoting the market growth over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany thermal interface materials market , including forecasts for subscribers. This country databook contains high-level insights into Germany thermal interface materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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