Thermal Interface Materials Market To Reach $7.89 Billion By 2030

Thermal Interface Materials Market Growth & Trends

The global thermal interface materials market size is expected to reach USD 7.89 billion by 2030, registering a CAGR of 11.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing use of electrical equipment and electronic gadgets is expected to boost the market for thermal interface materials during the forecast period.

The rising demand for high-grade specifications in electronic devices due to the increased need in terms of consumer electronics and technology innovation is expected to support the growth of thermal interface materials. Moreover, the growing demand for the latest technological gadgets and specialty electronics for high-end operations is expected to augment the market in the projected time.

Commercial availability and enhanced performance characteristics of the products to reduce the heat transfer are likely to support the demand. Thermal interface materials conduct more heat than air, which it displaces as a substance to fill the imperfection between the physical contact of solid surfaces. These materials can also extract waste heat generated when a semiconductor electronic device is used to its maximum potential. Increased use of electronic devices in various areas such as consumer goods, and automobiles and the use of smart devices in the household, commercial, and industrial operations are expected to augment the growth of thermal interface materials during the forecast period.

The COVID-19 pandemic impacted the increased use of smart devices and electrical appliances by consumers. As a result, production and demand for thermal interface materials have increased. During the pandemic, however, supply chain disruption caused by governmental restrictions had a minor negative impact on the market.

The market is highly competitive for a variety of reasons, including the high level of innovation in terms of product innovation and performance, the remarkable impact of e-commerce on the shopping experience, and product substitutes.

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Thermal Interface Materials Market Report Highlights

• Thermal greases and adhesives led the market with a share of over 34.5% in 2024 owing to the widespread usage in consumer products and the high thermal resistance of the product.

• The computers segment accounted for a significant share of over 24.0% in 2024, due to the increasing utilization in office end use. The affordable prices of desktops have revolutionized the demand and supply of products.

• Asia Pacific dominated the market with a share of over 39.0% in 2024 due to high demand owing to the presence of a large base of manufacturing zone.

Thermal Interface Materials Market Segmentation

Grand View Research has segmented the global thermal interface materials market on the basis of product, application, and region:

Thermal Interface Materials Product Outlook (Revenue, USD Million, 2017 - 2030)

• Tapes And Films

• Elastomeric Pads

• Greases And Adhesives

• Phase Change Materials

• Metal Based

• Others

Thermal Interface Materials Application Outlook (Revenue, USD Million, 2017 - 2030)

• Telecom

• Computer

• Medical Devices

• Industrial Machinery

• Consumer Durables

• Automotive Electronics

• Others

Thermal Interface Materials Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Mexico

  • Canada

• Europe

  • Germany

  • UK

  • France

  • Italy

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

List of Key Players in the Thermal Interface Materials Market

• 3M

• Henkel

• Indium Corporation

• Fujipoly

• The Dow Chemical Company

• Honeywell International Inc.

• SIBELCO

• Shin-Etsu