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Electronic Thermal Management Materials Market to witness high growth in near future

Author : Rahul Varpe | Published Date : 2019-09-20 

The Electronic Thermal Management Materials Market study by Global Market Insights, Inc., is a collation of valuable insights related to market size, market share, profitability margin, growth dynamics and regional proliferation of this business vertical. The study further includes a detailed analysis pertaining to key challenges, growth opportunities and application segments of the market.

Thermal management materials have been a pivotal part in consumer electronics in recent years. These materials add to the reliability and functionality of the electronic devices. Modern consumer electronics utilizes more power and generates more heat, hence the use of thermal management materials in them has been increasing since past couple of decades. Electronic thermal management materials aid in better conduction and dissipation of heat within the electronic assembly.

The increasing number of innovations in consumer electronics market is set to propel the thermal management materials market size during the forecast period. Moreover, the growing application of thermal management materials in healthcare, aerospace and automotive industries shall further fuel product demand during the forecast period.

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The rising penetration of electric and hybrid cars is anticipated to be a major opportunity in the global electronic thermal management materials market during the review period. However, the raw materials used for the manufacturing of thermal management materials are subjected to periodic price fluctuations. This is projected to be a major market restraining factor during the forecast period. Additionally, strict regulations regarding usage of polymer based thermal management products may negatively affect the product demand over the forecast timeframe.

In terms of products, conductive paste is likely to generate the maximum revenue throughout the forecast period. Gap fillers and phase change materials are other major product segment in the global market. Gap fillers held a significant market share in 2018 and shall exhibit the same trend during the forecast period. Gap fillers are mainly used in between the heat sink assemblies to ensure efficient transfer of heat.

Gap fillers are widely used in wireless infrastructure, routers, VOIP phones, microwave radio, controllers and consumer electronics. Gap filler segment is further segmented into silicone and non-silicon. Silicone was the largest segment in 2018 and is projected to show the same trend over the forecast timeframe. Silicon gap fillers are widely used in applications with large gap tolerance.

Electronic Thermal Management Materials Market By Application

  • Consumer goods
  • Aerospace
  • Automotive
  • Healthcare
  • Telecom
  • Others

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Phase change materials accounted for a prominent share in 2018 and shall show the same trend from 2019 to 2025. These are widely used in consumer electronics and automotive applications. Phase change materials is further segmented into paraffin and salt hydrates. Paraffins held a larger share in 2018 and is likely to expand at a substantial CAGR during 2019-2025. These offer excellent properties such as high fusion heat which makes them desirable for electronics applications in automotive industry.

Asia Pacific was the major revenue generating region in the global electronic thermal management materials market in 2018 and shall continue leading during the forecast timespan. The rising individual expenditure in consumer electronics coupled with the growing demand from telecom sector are major factors attributing to this growth. North America and Europe are anticipated to exhibit a steady growth in the electronic thermal management materials market during the forecast period.

The players operating in the electronic thermal management materials are 3M, Darcoid company, Parker Chomerics, European Thermodynamics Ltd, Laird PLC, Henkel AG & Company, Honeywell International Inc, Boyd, Lord Corporation, Amerasia International (AI) Technology Inc, DuPont, Marian Inc, Wacker AG, and Dr Dietrich Muller Gmbh.

Read more news @ https://www.marketwatch.com/press-release/carboxymethyl-cellulose-market-by-end-user-analysis-and-regional-trends-2019-2024-2019-09-20

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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