Latin America Thermal Interface Materials Market Size & Outlook
Latin America thermal interface materials market, 2018-2030 (US$M)
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Latin America thermal interface materials market highlights
- The Latin America thermal interface materials market generated a revenue of USD 293.4 million in 2023.
- The market is expected to grow at a CAGR of 10.5% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 293.4 million |
| Market revenue in 2030 | USD 588.5 million |
| Growth rate | 10.5% (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, Latin America region accounted for 7.9% 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 |
|---|
Latin America 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 34.42% in 2023. Horizon Databook has segmented the Latin America 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.
Latin America has been witnessing slow growth in healthcare industry over the past few years. This can be attributed to the slowdown in healthcare spending by key countries such as Brazil and Colombia. Healthcare spending in the region witnessed a slowdown until 2014, followed by a decline in 2015-16.
However, various governments in the region have been taking several measures to improve public healthcare systems in their respective economies, as a result of which, healthcare spending is expected to grow by over 3% in the next three years.
The rapid growth of healthcare industry in Argentina, Brazil, Chile, and Venezuela is expected to propel the market growth. Many multinational medical device manufacturing companies are intensifying their participation in Brazil’s healthcare market, which is expected to spur the demand for thermal interface materials in medical device market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America thermal interface materials market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America thermal interface materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America thermal interface materials market size, by country, 2018-2030 (US$M)
Latin America Thermal Interface Materials Market Outlook Share, 2023 & 2030 (US$M)
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