Global Thermal Interface Materials (TIMs) Market 2017-2021
About Thermal Interface Materials (TIMs)
Thermal interface materials (TIMs) are used for dissipating excessive heat generated from a heat source in various equipment. They are generally used in the form of a secondary thermal conductive material to replace the thermally insulating air between the surfaces.
Technavio’s analysts forecast the global thermal interface materials (TIMs) market to grow at a CAGR of 11.30% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global thermal interface materials (TIMs) market for 2017-2021. To calculate the market size, the report considers the revenue generated in terms of value for the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Thermal Interface Materials (TIMs) Market 2017-2021
Technavio recognizes the following companies as the key players in the global thermal interface materials (TIMs) market: Dow Corning, Henkel, Honeywell, Laird, and Momentive.
Other Prominent Vendors in the market are: 3M, Akasa group, Indium Corporation, Parker Chomerics, and Zalman.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is advances in technology. The global TIMs market has witnessed many technological advances, such as gap fillers and metal-based TIMs, in recent years. The vendors in the market are being competitive and exploring new technologies to gain an advantage over each other to retain their market shares. This, in turn, has led to significant technological advances in recent years. Many end-user industries have increased the consumption of modern TIMs for managing thermal conductivity owing to increased efficiency and ease of application. Therefore, the advances in technology and the increased use of TIMs in various applications are expected to propel the market growth during the forecast period.”
According to the report, one of the major drivers for this market is advantages of TIM. TIMs are being used as greases and adhesives mainly in manufacturing, defense and aerospace, and wireless networking applications. The use in various applications is attributable to their flowability, reworkability, potential to minimize the surface irregularities and cost-effectiveness. In addition, in medical equipment or devices, such as lasers, ultrasound devices, X-ray machines, and digital imaging equipment, effective thermal management plays an essential role in making the equipment function persistently and accurately within the optimum temperature. This enhances the reliability of the devices, thereby intensifying the demand for TIMs during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is ease of availability of alternative technologies. The demand for the carbon nanotubes is increasing due to their excellent thermal conductivity, mechanical, electrical properties, flexibility, durability, and robustness when compared with TIMs. Moreover, carbon nanotubes are being used extensively in automobile and electronics applications, the major applications of the TIMs, thereby serving as an alternate solution. These technologies reduce the consumption of TIMs globally, thereby posing a challenge to the market growth over the forecast period.
Dow Corning, Henkel, Honeywell, Laird, Momentive, 3M, Akasa group, Indium Corporation, Parker Chomerics, and Zalman.
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