- Tapes and Films
- Greases and adhesives
- Elastomeric Pads
- Metal Based
- Phase change materials
- Others
The thermal interface materials market was valued at USD 3,892.1 million in 2023 and growing at a CAGR of 11.6% from 2024 to 2030. The market is driven by the miniaturization of electronic devices, growing demand for high-performance electronics, and rising adoption of electric vehicles (EVs) and autonomous vehicles. As electronic devices become smaller and more powerful, they generate more heat. TIMs are essential for efficiently transferring this heat away from critical components to prevent overheating and ensure device reliability. The increasing demand for high-performance electronics such as gaming laptops, smartphones, and artificial intelligence (AI) devices is driving the need for TIMs with superior thermal conductivity.
EVs and autonomous vehicles use a large number of electronic components that generate significant heat. TIMs are crucial for thermal management in these vehicles. However, the constraints of the market hinder the growth. TIMs can be expensive, especially high-performance materials. This can be a constraint for some manufacturers, particularly those producing low-cost devices. Some traditional TIMs contain materials that are subject to environmental regulations. This is driving the development of more environmentally friendly materials.
Study Period
2024 - 2030Base Year
2023CAGR
11.6%Largest Market
Asia PacificFastest Growing Market
Asia PacificBy Product
By Application
The global thermal interface materials market size was valued at US$ 3,892.1 million in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030.
The drivers in the thermal interface materials market are miniaturization of electronic devices, growing demand for high-performance electronics, and rising adoption of electric vehicles (EVs) and autonomous vehicles.
3M Company, Henkel Ag & Co. KGAA, Parker Hannifin Corporation, Indium Corporation, Wakefield-vette, Inc., Zalman Tech Co., Ltd., Timtronics, Schlegel Electronics Materials, Aremco Products Inc., Universal Science, Lord Corporation, aster Bond Inc., Momentive Performance Materials Inc.., Dow Corning Corporation, Laird Technologies, Inc., and Momentive Performance Materials Inc.
Asai pacific is the dominant in the thermal interface materials market.
1. Executive Summary |
2. Global Thermal Interface Materials Market Introduction |
2.1. Global Thermal Interface Materials Market Taxonomy |
2.2. Global Thermal Interface Materials Market Definitions |
2.2.1. Product |
2.2.2. Application |
3. Global Thermal Interface Materials Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Thermal Interface Materials Market Dynamic Factors - Impact Analysis |
3.6. Global Thermal Interface Materials Market Competition Landscape |
4. Global Thermal Interface Materials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Thermal Interface Materials Market, By Product, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.1. Tapes and Films |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Greases and adhesives |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Elastomeric Pads |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Metal Based |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Phase change materials |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Others |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
6. Global Thermal Interface Materials Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 |
6.1. Automotive Electronics |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Medical Devices |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Industrial Machinery |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Telecom |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Computer |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Consumer Durables |
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Others |
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
7. Global Thermal Interface Materials Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.1. North America |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia-Pacific |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Latin America |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Middle East and Africa |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Global Thermal Interface Materials Market - Opportunity Analysis Index, By Product, By Application and Region, 2024 - 2030 |
8. North America Thermal Interface Materials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
8.1.1. Tapes and Films |
8.1.2. Greases and adhesives |
8.1.3. Elastomeric Pads |
8.1.4. Metal Based |
8.1.5. Phase change materials |
8.1.6. Others |
8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
8.2.1. Automotive Electronics |
8.2.2. Medical Devices |
8.2.3. Industrial Machinery |
8.2.4. Telecom |
8.2.5. Computer |
8.2.6. Consumer Durables |
8.2.7. Others |
8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
8.3.1. USA |
8.3.2. Canada |
8.4. North America Thermal Interface Materials Market - Opportunity Analysis Index, By Product, By Application and Country, 2024 - 2030 |
8.5. North America Thermal Interface Materials Market Dynamics Trends |
9. Europe Thermal Interface Materials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Tapes and Films |
9.1.2. Greases and adhesives |
9.1.3. Elastomeric Pads |
9.1.4. Metal Based |
9.1.5. Phase change materials |
9.1.6. Others |
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.2.1. Automotive Electronics |
9.2.2. Medical Devices |
9.2.3. Industrial Machinery |
9.2.4. Telecom |
9.2.5. Computer |
9.2.6. Consumer Durables |
9.2.7. Others |
9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.3.1. Germany |
9.3.2. UK |
9.3.3. France |
9.3.4. Spain |
9.3.5. Italy |
9.3.6. Russia |
9.3.7. Poland |
9.3.8. Rest of Europe |
9.4. Europe Thermal Interface Materials Market - Opportunity Analysis Index, By Raw Material Type, End -Use and Country, 2024 - 2030 |
9.5. Europe Thermal Interface Materials Market Dynamics Trends |
10. Asia-Pacific Thermal Interface Materials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Tapes and Films |
10.1.2. Greases and adhesives |
10.1.3. Elastomeric Pads |
10.1.4. Metal Based |
10.1.5. Phase change materials |
10.1.6. Others |
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.2.1. Automotive Electronics |
10.2.2. Medical Devices |
10.2.3. Industrial Machinery |
10.2.4. Telecom |
10.2.5. Computer |
10.2.6. Consumer Durables |
10.2.7. Others |
10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Japan |
10.3.2. China |
10.3.3. India |
10.3.4. ASEAN |
10.3.5. Australia & New Zealand |
10.3.6. Rest of Asia-Pacific |
10.4. Asia-Pacific Thermal Interface Materials Market - Opportunity Analysis Index, By Product, By Application and Country, 2024 - 2030 |
10.5. Asia-Pacific Thermal Interface Materials Market Dynamics Trends |
11. Latin America Thermal Interface Materials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
11.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Tapes and Films |
11.1.2. Greases and adhesives |
11.1.3. Elastomeric Pads |
11.1.4. Metal Based |
11.1.5. Phase change materials |
11.1.6. Others |
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Automotive Electronics |
11.2.2. Medical Devices |
11.2.3. Industrial Machinery |
11.2.4. Telecom |
11.2.5. Computer |
11.2.6. Consumer Durables |
11.2.7. Others |
11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Brazil |
11.3.2. Mexico |
11.3.3. Argentina |
11.3.4. Rest of Latin America |
11.4. Latin America Thermal Interface Materials Market - Opportunity Analysis Index, By Product, By Application and Country, 2024 - 2030 |
11.5. Latin America Thermal Interface Materials Market Dynamics Trends |
12. Middle East and Africa Thermal Interface Materials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
12.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Tapes and Films |
12.1.2. Greases and adhesives |
12.1.3. Elastomeric Pads |
12.1.4. Metal Based |
12.1.5. Phase change materials |
12.1.6. Others |
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Automotive Electronics |
12.2.2. Medical Devices |
12.2.3. Industrial Machinery |
12.2.4. Telecom |
12.2.5. Computer |
12.2.6. Consumer Durables |
12.2.7. Others |
12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Gulf Cooperation Council (GCC) Countries |
12.3.2. Israel |
12.3.3. South Africa |
12.3.4. Rest of MEA |
12.4. MEA Thermal Interface Materials Market - Opportunity Analysis Index, By Product, By Application and Country, 2024 - 2030 |
12.5. MEA Thermal Interface Materials Market Dynamics Trends |
13. Competition Landscape |
13.1. Strategic Dashboard of Top Market Players |
13.2. Company Profiles (Introduction, Financial Analysis, Feedstock Material & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
13.2.1. Henkel AG & Co; KGaA |
13.2.2. The 3M Company |
13.2.3. Dow Corning Company |
13.2.4. Honeywell International, Inc. |
13.2.5. Indium Corporation |
13.2.6. Fuji Polymer Industries Co., Ltd. |
13.2.7. SIBELCO |
13.2.8. Shin-Etsu Chemical Company Limited. |
13.2.9. Semikron International GmbH |
13.2.10. Parker Hannifin Corporation |
13.2.11. Laird PLC. |
14. Research Methodology |
15. Key Assumptions and Acronyms |