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Phase Change Thermal Interface Materials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Conductive Type (Electrically Conductive and Non-electrically Conductive), Binder Type (Paraffin, Non-paraffin, Eutectic Salts, and Salt Hydrates), Filler Type (Aluminum Oxide, Boron Nitride, Aluminum Nitride, Zinc Oxide, and Other Filler Types), Application (Computers, Electrical and Electronics, Telecommunication, Automotive, and Other Applications), and Geography (Asia-Pacific, North America, Europe, and Rest of the World)

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Phase Change Thermal Interface Material Market Size

Phase Change Thermal Interface Materials Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 11.00 %
Fastest Growing Market North America
Largest Market Asia Pacific
Market Concentration Low

Major Players

Phase Change Thermal Interface Materials Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Phase Change Thermal Interface Materials Market with other markets in Chemicals & Materials Industry

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Phase Change Thermal Interface Material Market Analysis

The phase change thermal interface materials market is expected to register a CAGR of more than11% during the forecast period. Major factors driving the market studied are the growing consumer electronics industry, high cost of surface finishing, augmented the functionality of electronic devices, and increasing demand from the gaming module industry. However, the reduction in the size of mobile handsets and the development of non-silicone substitutes are expected to hinder market growth.

  • The computer application segment dominated the marketand is expected to grow during the forecast period, owing to the rapid internet penetration in the developing countries.
  • Replacement of thermal greases is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the global market, with the largest consumption from the countries, such as China, and Japan.

Phase Change Thermal Interface Material Market Trends

This section covers the major market trends shaping the Phase Change Thermal Interface Material Market according to our research experts:

The Growing Consumer Electronics Industry

  • Owing to the need to dissipate large amounts of heat from the semiconductor device junction to ambient surroundings, phase change thermal interface materials (PCTIMs) are penetrating the consumer electronics industry. PCTIMs are polymer-based systems, proven to address critical heating issues and provide long-term reliability performance.
  • In consumer electronics, PCTIM finds a wide range of applications, since it plays a major role in helping smoothen out temperature fluctuations. PCTIM is the only technology, which can curb temperature increase in semiconductor applications, without causing cost and space expenses.
  • Asia-Pacific is expected to remain at the forefront of the global demand for electronics. The demand for PCTIM in Asia-Pacific is witnessing high growth, owing to rapid internet penetration in the developing countries. Video-on-demand (VoD) and internet-only shows are growing in popularity, thereby increasing the demand for larger displays, like laptops and tablets.
  • The consumer electronics industry has reached maturity in North America and Europe. Lack of purchasing intent from the consumers, declining innovation, and security concerns are the reasons for the stall in the growth of the market. However, the Internet of Things (IoT) is expected to replace the traditional categories. Despite its slow growth, IoT, along with smart homes, is expected to spur the demand for PCTIMs in developed countries.
Phase Change Thermal Interface Materials Market Share

The Asia-Pacific Region is Expected to Dominate the Market

  • With over 30% of the global demand, Asia-Pacific is the most promising market for phase change thermal interface materials, which is likely to dominate the market in the near future. This domination can be attributed to the growing demand for electronics in the region.
  • China and Japan account for over 73% of the demand for phase change thermal interface materials, and China is the major shareholder of the market demand in the region.
  • An increase in the demand of China's electronic devices and domestically designed CPUs (Central Processing Units) and DSPs (Digital Signal Processors) has led to a significant increase in the demand for PCTIMs.
  • China has faced increasing challenges in information and network security, which has led the government to increase its investments in the development and deployment of domestic CPUs. The PCTIMs are required for the development of the domestic CPUs. Hence, the Chinese electronics industry may boost the market, during the forecast period.
  • Japan is a hub for R&D and technological advancements. Canon, Casio, Panasonic, Sony, and Toshiba are some of the major electronic companies based in the country. The demand from these players helps the market regain its pace, during the forecast period, due to the requirement of PCTIMs in electronic goods.
  • Furthermore, India and ASEAN countries are the growth wagons for the market demand in the region. The huge growth of Asia-Pacific is quite instrumental in the expansion of the phase change thermal interface materials market.
Phase Change Thermal Interface Materials Market Growth

Phase Change Thermal Interface Material Industry Overview

The phase change thermal interface materials market is fragmented. The major companies include Croda International PLC, Parker Hannifin Corp., Laird, Aavid Thermalloy (Boyd Corporation), and Honeywell International Inc., among others.

Phase Change Thermal Interface Material Market Leaders

  1. Croda International PLC

  2. Parker Hannifin Corp.

  3. Laird

  4. Aavid Thermalloy (Boyd Corporation)

  5. Honeywell International Inc.

*Disclaimer: Major Players sorted in no particular order

Croda International PLC, Parker Hannifin Corp., Laird, Aavid Thermalloy (Boyd Corporation), and Honeywell International Inc.
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Phase Change Thermal Interface Material Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Consumer Electronics Industry

      2. 4.1.2 High Cost of Surface Finishing

      3. 4.1.3 Augmented Functionality of Electronic Devices

      4. 4.1.4 Increasing Demand from the Gaming Module Industry

    2. 4.2 Restraints

      1. 4.2.1 Reduction in Size of Mobile Handsets

      2. 4.2.2 Reduced Demand in Japan

      3. 4.2.3 Development of Non-silicone Substitutes

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

    6. 4.6 Patent Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Conductive Type

      1. 5.1.1 Electrically Conductive

      2. 5.1.2 Non-electrically Conductive

    2. 5.2 By Binder Type

      1. 5.2.1 Paraffin

      2. 5.2.2 Non-paraffin (organic)

      3. 5.2.3 Eutectic salts

      4. 5.2.4 Salt hydrates

    3. 5.3 By Filler Type

      1. 5.3.1 Aluminum Oxide

      2. 5.3.2 Boron Nitride

      3. 5.3.3 Aluminum Nitride

      4. 5.3.4 Zinc Oxide

      5. 5.3.5 Other Filler Types

    4. 5.4 By End-user Industry

      1. 5.4.1 Computers

      2. 5.4.2 Electrical and Electronics

      3. 5.4.3 Telecommunication

      4. 5.4.4 Automotive

      5. 5.4.5 Other End-user Industries

    5. 5.5 Geography

      1. 5.5.1 Asia-Pacific

        1. 5.5.1.1 China

        2. 5.5.1.2 India

        3. 5.5.1.3 Japan

        4. 5.5.1.4 South Korea

        5. 5.5.1.5 Rest of Asia-Pacific

      2. 5.5.2 North America

        1. 5.5.2.1 United States

        2. 5.5.2.2 Canada

        3. 5.5.2.3 Mexico

      3. 5.5.3 Europe

        1. 5.5.3.1 Germany

        2. 5.5.3.2 United Kingdom

        3. 5.5.3.3 Italy

        4. 5.5.3.4 France

        5. 5.5.3.5 Rest of Europe

      4. 5.5.4 Rest of World

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Saudi Arabia

        3. 5.5.4.3 South Africa

        4. 5.5.4.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Aavid Thermalloy

      3. 6.4.3 AI Technology

      4. 6.4.4 Arctic Silver

      5. 6.4.5 Croda International PLC

      6. 6.4.6 Datum Phase Change Ltd

      7. 6.4.7 Dow

      8. 6.4.8 Enerdyne Thermal Solutions

      9. 6.4.9 GrafTech

      10. 6.4.10 Henkel AG & Co. KGaA

      11. 6.4.11 Honeywell International Inc.

      12. 6.4.12 Laird Technologies

      13. 6.4.13 Microtek Laboratories Inc.

      14. 6.4.14 NuSil Technology

      15. 6.4.15 Parker Chomerics

      16. 6.4.16 Phase Change Energy Solutions Inc. (PCES)

      17. 6.4.17 Specialty Silicone Products (SSP)

      18. 6.4.18 Stockwell Elastomerics

      19. 6.4.19 TCP Reliable Inc.

      20. 6.4.20 Wakefield-Vette

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Opportunities

      1. 7.1.1 Replacement of Thermal Greases

      2. 7.1.2 Technological Improvements

      3. 7.1.3 Use in Notebook Computers

      4. 7.1.4 Growing Use in the Automotive Industry

      5. 7.1.5 Dual Phase Change Thermal Interface Materials

    2. 7.2 Future of the Market

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Phase Change Thermal Interface Material Industry Segmentation

The scope of the phase change thermal interface materials market report includes:

By Conductive Type
Electrically Conductive
Non-electrically Conductive
By Binder Type
Paraffin
Non-paraffin (organic)
Eutectic salts
Salt hydrates
By Filler Type
Aluminum Oxide
Boron Nitride
Aluminum Nitride
Zinc Oxide
Other Filler Types
By End-user Industry
Computers
Electrical and Electronics
Telecommunication
Automotive
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
Rest of World
Brazil
Saudi Arabia
South Africa
Rest of the World
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Phase Change Thermal Interface Material Market Research FAQs

The Phase Change Thermal Interface Materials Market is projected to register a CAGR of greater than 11% during the forecast period (2024-2029)

Croda International PLC, Parker Hannifin Corp., Laird, Aavid Thermalloy (Boyd Corporation) and Honeywell International Inc. are the major companies operating in the Phase Change Thermal Interface Materials Market.

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Phase Change Thermal Interface Materials Market.

The report covers the Phase Change Thermal Interface Materials Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Phase Change Thermal Interface Materials Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Phase Change Thermal Interface Materials Industry Report

Statistics for the 2024 Phase Change Thermal Interface Materials market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Phase Change Thermal Interface Materials analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Phase Change Thermal Interface Materials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)