Middle East & Africa Thermal Interface Materials Market Size & Outlook
Middle East & Africa thermal interface materials market, 2018-2030 (US$M)
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MEA thermal interface materials market highlights
- The MEA thermal interface materials market generated a revenue of USD 172.0 million in 2023.
- The market is expected to grow at a CAGR of 9.3% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 172.0 million |
| Market revenue in 2030 | USD 320.3 million |
| Growth rate | 9.3% (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, MEA region accounted for 4.6% 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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Middle East & Africa 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 35.87% in 2023. Horizon Databook has segmented the Middle East & Africa 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 notable growth of healthcare industry in the Middle Eastern countries, especially in Saudi Arabia, owing to the rise in health expenditure coupled with government support is expected to have a positive impact on the thermal interface materials market.
Medical device manufacturing industry is expected to show immense growth in light of increasing investments by foreign players coupled with technological advancements. New production plant by Sanofi along with the partnership of Pfizer with Tabuk Pharmaceuticals to commercialize its products in Saudi Arabia is expected to augment the growth of pharmaceutical sector, thereby, opening new avenues for the growth of the thermal interface materials market.
The demand for thermal interface materials from healthcare industry in the Middle East & Africa is expected to be driven by the rapid population growth, increasing per capita income, high incidences of lifestyle-related disorders, and the intended development of healthcare infrastructure in the coming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa thermal interface materials market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa thermal interface materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA thermal interface materials market size, by country, 2018-2030 (US$M)
Middle East & Africa Thermal Interface Materials Market Outlook Share, 2023 & 2030 (US$M)
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