UK Markets close in 7 hrs 3 mins
  • FTSE 100

    +56.64 (+0.82%)
  • FTSE 250

    -59.30 (-0.27%)
  • AIM

    -3.10 (-0.25%)

    +0.0000 (+0.00%)

    -0.0087 (-0.6171%)

    -358.93 (-1.00%)
  • CMC Crypto 200

    -95.64 (-6.12%)
  • S&P 500

    -89.06 (-2.14%)
  • DOW

    -681.50 (-1.99%)

    -2.30 (-3.48%)

    -16.20 (-0.88%)
  • NIKKEI 225

    -461.08 (-1.61%)

    +217.23 (+0.78%)
  • DAX

    +30.47 (+0.20%)
  • CAC 40

    +11.96 (+0.19%)

Global Thermal Interface Materials Market Report (2021 to 2030) - COVID-19 Impact and Recovery

Research and Markets
·10-min read

Dublin, April 13, 2021 (GLOBE NEWSWIRE) -- The "Thermal Interface Materials Global Market Report 2021: COVID-19 Impact and Recovery" report has been added to's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global thermal interface materials market.

This report focuses on thermal interface materials market which is experiencing strong growth. The report gives a guide to the thermal interface materials market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

The global thermal interface materials market is expected to grow from $1.78 billion in 2020 to $1.97 billion in 2021 at a compound annual growth rate (CAGR) of 10.42%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.06 billion in 2025 at a CAGR of 11.72%.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.

  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.

  • Create regional and country strategies on the basis of local data and analysis.

  • Identify growth segments for investment.

  • Outperform competitors using forecast data and the drivers and trends shaping the market.

  • Understand customers based on the latest market research findings.

  • Benchmark performance against key competitors.

  • Utilize the relationships between key data sets for superior strategizing.

  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Where is the largest and fastest growing market for the thermal interface materials? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Thermal Interface Materials market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider thermal interface materials market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.

  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.

  • Market segmentations break down market into sub markets.

  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.

  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.

  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

  • The thermal interface materials market section of the report gives context. It compares the thermal interface materials market with other segments of the thermal interface materials market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, thermal interface materials indicators comparison.

Major players in the thermal interface materials market are The 3M Company, Zalman Tech Co. Ltd., Wakefield-Vette Inc., Indium Corporation, The Berquist Company Inc., Momentive Performance Materials Inc., Laird Technologies Inc., DOW Corning Corporation, Parker Hannifin Corporation, Henkel AG & Co. KGAA, Fujipoly, DK Thermal Metal Circuit Technology Ltd., AI Technology, AIM Specialty Materials, AOS Thermal, Denka, Universal Science, Dymax Corporation, Ellsworth Adhesives, Enerdyne, European Thermodynamics Ltd, Inkron, Kitagawa Industries, LORD, MA Electronics, MH&W International, Minteq, Parker Chomerics, Resinlab, Schlegel Electronics Materials, and ShinEtsu.

The thermal interface materials market consists of sales of thermal interface materials and related services by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing and selling thermal interface materials such as thermal tapes, greases, elastomeric pads, and solders. Thermal interface materials are made from conducting materials such as metals, silicon, and metal oxides and are applied between hard surfaces for conducting heat. Thermal interface materials find their applications mainly in electronics, medical devices, and industrial machinery. Only goods and services traded between entities or sold to end consumers are included.

The main types of thermal interface materials (TIMs) are greases & adhesives, tapes & films, gap fillers, metal-based TIMs, and phase change materials. Metal-based TIMs are substances that absorb or release latent heat when they change their physical state from solid to liquid. TIMs are generally composed of silicone, epoxy, polyimide and are used in several sectors including telecom, computer manufacturing, medical devices, industrial machinery, consumer durables, and automotive electronics.

Asia Pacific was the largest region in the thermal interface materials market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The COVID-19 outbreak is a major factor that limited the growth of the thermal interface materials market. The spike in the number of people suffering from coronavirus enforced the government to impose lockdowns, which in turn resulted in the temporary closure of many businesses and trade losses. Manufacturing projects were kept on hold due to social distancing practices and lack of labor across the globe. The shutdown of thermal interface materials manufacturing sites and disruptions in supply chain and logistics significantly impacted the revenues of the market. For instance, according to the Engineering Export Promotion Council of India (EEPC), the estimated trade impact of coronavirus outbreak for India was approximately $348 million and India is among the top 15 economies that were most affected as the manufacturing sector slowed down. Thus, the slowdown of the manufacturing sector due to COVID-19 including thermal interface materials acted as a major restraint for market growth.

In September 2018, Century Boats, Lydall, Inc., a US-based manufacturer of specialty engineered products for the filtration/separation and thermal/acoustical markets, announced the acquisition of Interface Performance Materials Inc. for an amount of $265 million. The acquisition is expected to advance Lydall's engineered materials offerings in new markets with similar technologies utilized in the performance materials business. Interface Performance Materials Inc. manufactures and sells advanced materials and offers various products such as fiber composite and gasket engineered materials, self-adhesive thermal shield, sealing solutions, specialty products, and thermal management systems.

The increasing demand for electronic devices is anticipated to boost the demand for the thermal interface materials market over the coming years. Growing usage of thermal interface materials in electronic devices such as tablets, computers, smartphones, and video games attributing to its thermal conductive properties that help in strengthening the efficiency and life of electronic devices, is expected to contribute to the market growth. According to the India Brand Equity Foundation (Ministry of Commerce & Industry, Government of India), the Indian appliance and consumer electronics (ACE) market reached $10.93 billion in 2019 and is projected to double to reach $21.18 billion by the end of 2025. Therefore, the surge in demand for electronics devices and appliances is expected to generate higher revenues for the thermal interface materials market.

Major players operating in the thermal interface materials market are focusing on developing new innovative products to expand their product portfolio, meet the requirements for various end-use industries, and maintain their position in the competitive business environment. For instance, in April 2020, Henkel AG & Co. KGaA introduced Loctite EA 9536 magnet bonding tape with easy assembly and high material extension for electric motors. It offers unique properties compared to the existing products in the market. The epoxy-based adhesive film can absorb oil and dirt and can be produced in various shapes and sizes customized to specific applications. The special epoxy resins create an elastic and strong bond that holds magnets securely in position. Moreover, in September 2020, Parker Hannifin Corporation, a US-based company specializing in control and motion technologies launched THERM-A-GAP GEL 37, the next generation of single component and thermally conductive dispensable materials. The material has been specifically designed to limit the batch-to-batch differences typically found in thermal dispensable materials.

Key Topics Covered:

1. Executive Summary

2. Thermal Interface Materials Market Characteristics

3. Thermal Interface Materials Market Trends and Strategies

4. Impact of COVID-19 on Thermal Interface Materials

5. Thermal Interface Materials Market Size and Growth
5.1. Global Thermal Interface Materials Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Thermal Interface Materials Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market

6. Thermal Interface Materials Market Segmentation
6.1. Global Thermal Interface Materials Market, Segmentation by Type
6.2. Global Thermal Interface Materials Market, Segmentation by Chemistry
6.3. Global Thermal Interface Materials Market, Segmentation by Application

7. Thermal Interface Materials Market Regional and Country Analysis
7.1. Global Thermal Interface Materials Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Thermal Interface Materials Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Thermal Interface Materials Market

9. China Thermal Interface Materials Market

10. India Thermal Interface Materials Market

11. Japan Thermal Interface Materials Market

12. Australia Thermal Interface Materials Market

13. Indonesia Thermal Interface Materials Market

14. South Korea Thermal Interface Materials Market

15. Western Europe Thermal Interface Materials Market

16. UK Thermal Interface Materials Market

17. Germany Thermal Interface Materials Market

18. France Thermal Interface Materials Market

19. Eastern Europe Thermal Interface Materials Market

20. Russia Thermal Interface Materials Market

21. North America Thermal Interface Materials Market

22. USA Thermal Interface Materials Market

23. South America Thermal Interface Materials Market

24. Brazil Thermal Interface Materials Market

25. Middle East Thermal Interface Materials Market

26. Africa Thermal Interface Materials Market

27. Thermal Interface Materials Market Competitive Landscape and Company Profiles
27.1. Thermal Interface Materials Market Competitive Landscape
27.2. Thermal Interface Materials Market Company Profiles
27.2.1. The 3M Company Overview Products and Services Strategy Financial Performance
27.2.2. Zalman Tech Co. Ltd. Overview Products and Services Strategy Financial Performance
27.2.3. Wakefield-Vette Inc. Overview Products and Services Strategy Financial Performance
27.2.4. Indium Corporation Overview Products and Services Strategy Financial Performance
27.2.5. The Berquist Company Inc. Overview Products and Services Strategy Financial Performance

28. Key Mergers and Acquisitions in the Thermal Interface Materials Market

29. Thermal Interface Materials Market Future Outlook and Potential Analysis

30. Appendix

For more information about this report visit

CONTACT: CONTACT: Laura Wood, Senior Press Manager For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900