Electronic Thermal Management Materials Market Size Worth $10.04 Billion By 2028 | CAGR: 8.9%

The global electronic thermal management materials market size is expected to reach USD 10.04 billion by 2028 according to a new study by Polaris Market Research. The report “Electronic Thermal Management Materials Market Share, Size, Trends, Industry Analysis Report, By Type (Gap Fillers, Conductive Tapes, Phase Change Materials, Conductive Paste, Thermal Greases); By End-Use (IT & Telecom, Aerospace, Healthcare, Automotive, Consumer Electronics); By Regions; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market demand for electronic thermal management materials is projected to witness growth over the forecast period owing to increasing demand for high-performing and efficient automated systems. Rising disposable income, growing demand for white goods, and increasing application in healthcare devices for improved and cost-effective services drive the growth of the market. The use of these thermal management materials has increased in the automotive and transportation sector owing to rising urbanization, technological advancements, and the development of autonomous vehicles.

The different types of electronic thermal management materials include gap fillers, conductive tapes, phase change materials, conductive paste, thermal greases, and others. The conductive paste segment accounted for the highest share in 2019 owing to its lightweight, high adhesion, and conductive properties. The conductive paste is used in diverse industries such as healthcare, IT and telecom, automotive, and aerospace among others.

The automotive sector uses conductive paste for improving the performance of circuits in applications such as infotainment, heating ventilation, and air conditioning, satellite navigation, and head-up displays among others. Factors such as the growing automotive industry, increasing demand for luxury vehicles, and electrification and modernization of vehicles boost the market growth of the thermal management materials.

The different end-users of the thermal management materials include IT and telecom, aerospace, healthcare, automotive, consumer electronics, and others. The demand for electronics thermal management materials is expected to be high from the consumer electronic sector during the forecast period.

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Consumer electronics use these thermal management materials for the control, and dissipation of heat while enhancing its performance and durability. Increasing penetration of mobile devices, growing demand for increased mobility and wireless connectivity, and rising demand from emerging economies support the growth of this segment.

Asia Pacific dominated the global market for electronic thermal management materials in 2020 and is expected to maintain its dominance over the forecast period. Rising industrial growth, urbanization, and growth in the electronics sector support market growth in this region.

There has been increasing demand for electronic thermal management materials from industries such as consumer electronics, aerospace, and healthcare, thereby driving the market growth of the electronic thermal management materials in Asia Pacific. Increasing penetration of passenger vehicles coupled with rising awareness regarding the adoption of electric vehicles fuels the market growth in this region.

Owing to technological advancements, and the greater need to cater to customer requirements, companies are collaborating in order to strengthen the market presence and gain market share. Some of the major market participants include Boyd Corporation, Henkel AG & Company, KGaA, the 3M Company, Wacker Chemie AG, Laird PLC, Parker Chomerics, Lord Corporation, Dr. Dietrich Müller GmbH, Honeywell International Inc, AI Technology, Inc, DuPont, European Thermodynamics Ltd., Darcoid company, and Marian Inc.

Polaris Market Research has segmented the electronic thermal management materials market report on the basis of type, end-use, and region:

 Electronic Thermal Management Materials Type Outlook (Revenue, USD Million, 2016 – 2028)

• Gap Fillers
• Conductive Tapes
• Phase Change Materials
• Conductive Paste
• Thermal Greases
• Others

Electronic Thermal Management Materials Product End-User Outlook (Revenue, USD Million, 2016 – 2028)

• IT and Telecom
• Aerospace
• Healthcare
• Automotive
• Consumer Electronics
• Others

Electronic Thermal Management Materials Regional Outlook (Revenue, USD Million, 2016 – 2028)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Colombia
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Israel