India Thermal Interface Materials Market Size & Outlook
India thermal interface materials market, 2018-2030 (US$M)
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India thermal interface materials market highlights
- The India thermal interface materials market generated a revenue of USD 149.9 million in 2023 and is expected to reach USD 345.9 million by 2030.
- The India market is expected to grow at a CAGR of 12.7% 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 149.9 million |
| Market revenue in 2030 | USD 345.9 million |
| Growth rate | 12.7% (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, India accounted for 4.0% 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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India 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 35.56% in 2023. Horizon Databook has segmented the India 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.
Medical device manufacturing in India is expected to witness high growth rate in the coming years owing to increased government efforts and expenditure to improve public health conditions.
Increasing private participation in the healthcare industry is projected to increase the demand for high-quality medical devices and components in the country over the forecast period, thereby driving the market growth.
The rise in the production of medical devices in the country is expected to result in growth in the usage of electronic components, which, in turn, is expected to drive the thermal interface materials market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the India thermal interface materials market , including forecasts for subscribers. This country databook contains high-level insights into India thermal interface materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India thermal interface materials market size, by product, 2018-2030 (US$M)
India Thermal Interface Materials Market Outlook Share, 2023 & 2030 (US$M)
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