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Electronic Thermal Management Materials Market Trends

  • Report ID: GMI3780
  • Published Date: Sep 2024
  • Report Format: PDF

Electronic Thermal Management Materials Market Trends

The electronic thermal management materials (ETMM) market is experiencing significant growth driven by the increasing demand for advanced electronic devices across various industries, including automotive, aerospace, healthcare, and consumer electronics. As electronic devices become more powerful and compact, the need for effective thermal management solutions is becoming increasingly critical. This has led to the development and adoption of a wide range of ETMM products, such as thermal interface materials (TIMs), gap fillers, thermal pastes, and phase change materials, designed to enhance heat dissipation and maintain the optimal performance of electronic components. Additionally, the rise of electric vehicles (EVs) and autonomous driving technologies is fueling demand for high-performance thermal management solutions in the automotive sector, as these vehicles rely heavily on sophisticated electronics that generate significant heat.
 

Another key trend in the ETMM market is the growing focus on sustainability and environmental impact. Manufacturers are increasingly investing in the development of eco-friendly thermal management materials that not only offer superior thermal conductivity and reliability but also minimize environmental harm. This includes the use of recyclable and biodegradable materials, as well as the adoption of energy-efficient manufacturing processes.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for electronic thermal management materials reached USD 6.4 billion in 2023 and is expected to grow at a CAGR of 7.5% from 2024 to 2032. This growth is fueled by increasing demand for efficient heat dissipation in electronic devices across various industries such as automotive, consumer electronics, aerospace, and healthcare.

The consumer goods application segment is expected to grow to USD 1.9 billion by 2023 and continue expanding at a CAGR of 8.2% from 2024 to 2032. The increasing demand for advanced consumer electronics, such as smartphones and IoT devices, drives this growth.

The Asia Pacific electronic thermal management materials industry is set to reach USD 4.5 billion in 2023, driven by rapid demand for consumer electronics, automotive advancements, and industrial automation. The regions major electronics manufacturing hubs like China, Japan, and South Korea contribute significantly to this growth.

Top players in the market include 3M, Parker Chomerics, Boyd, Laird PLC, European Thermodynamics, Dr. Dietrich Müller GmbH, Wacker AG, Darcoid Company, Henkel AG & Company, and Honeywell International Inc., among others.

Electronic Thermal Management Materials Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 172
  • Countries covered: 19
  • Pages: 200
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