North America Thermal Interface Materials Market Size & Outlook
North America thermal interface materials market, 2018-2030 (US$M)
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North America thermal interface materials market highlights
- The North America thermal interface materials market generated a revenue of USD 964.2 million in 2023.
- The market is expected to grow at a CAGR of 11.1% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 964.2 million |
| Market revenue in 2030 | USD 2,020.8 million |
| Growth rate | 11.1% (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, North America region accounted for 26.0% 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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North 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 34.46% in 2023. Horizon Databook has segmented the North 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.
Increasing technological developments in North America are expected to support the growth of automotive electronics industry, which is anticipated to fuel the demand for thermal interface materials.
A rise in the GDP coupled with increased industrial output is expected to drive various sectors such as medical, electronics, industrial controls, furniture, and appliances in the U.S.
The above-mentioned trend is projected to promote the growth of the thermal interface materials market over the forecast period.
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Our clientele includes a mix of thermal interface materials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America thermal interface materials market , including forecasts for subscribers. This continent databook contains high-level insights into North America thermal interface materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America thermal interface materials market size, by country, 2018-2030 (US$M)
North America Thermal Interface Materials Market Outlook Share, 2023 & 2030 (US$M)
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