Electronic Thermal Management Materials Market Size By Product (Conductive Pastes [Silicone, Epoxy, Acrylic], Conductive Tapes, Phase Change Materials [Paraffin, Salt Hydrates], Gap Fillers [Silicone, Non-silicone], Thermal Greases [Silicone, Non-silicone]), By End-user Industry (Consumer Electronics, Automotive, Aerospace, Healthcare, Telecom), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Jan 2020  |  Report ID: GMI3780  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 462   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Electronic thermal management materials market size was over USD 4.5 billion in 2018 and shall exhibit a CAGR of over 9.1% throughout the forecast timespan. Electronic thermal management materials are widely used in varied end user segments including consumer electronics, automotive, aerospace, healthcare and telecom among others. These materials form a basic part of modern-day electronics as it aids in maintaining temperature within the electronic assembly.
 

Electronic thermal management materials market

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Electronic thermal management materials also abbreviated as ETMM refers to the materials that are used between different substrates for the efficient heat dissipation within the electronic devices. These management systems not only ensures optimum performance of the electronic devices but also aids in reducing contact resistance. Therefore, thermal management materials are becoming more essential to ensure the electronic assemblies operate within the required specifications.
 

The electronic thermal management materials market is widely driven by the growing penetration of electronics devices across various end user industries such as automotive and healthcare among others. Moreover, the growing demand for electronics mainly in the developing region shall further generate substantial revenue to the overall market during the review period. The market includes various products such as gap fillers, tapes, thermal gels and thermal greases. These products can be used interchangeably in various applications. However, the choice of ETMM mostly depends on the thermal resistance, dielectric properties, structural strength and also on the cost of the material. For instance, gap filler are widely employed in electronics, whereas greases are extensively used for automotive applications.
 

The global electronic thermal management materials market shall also generate ample opportunities for the manufacturers throughout the assessment period. The rapid advancement in manufacturing process of various electronics assemblies such as chip density and number of transistors incorporated shall augment the requirement for high performing cost-effective thermal solutions in the coming years.  However, high product prices of thermal management material prices is projected to be a major downside to the market growth. Electronic thermal management material prices are high and ranges between USD 35 to 40/kg. Additionally, high product prices limit its usage in the electronic equipment due to the price sensitive nature of the market, especially consumer electronic which is the major product consumer.
 

Electronic Thermal Management Materials Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 4.5 Billion (USD)
Historical Data for: 2015 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 9.1% 2026 Value Projection: 8.7 Billion (USD)
Pages: 462 Tables, Charts & Figures: 710
Geographies covered (19): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Taiwan, South Korea, Malaysia, Brazil, Mexico, Saudi Arabia, South Africa, UAE
Segments covered: Product, End-user Industry, Region
Companies covered (14): Honeywell International Inc, Boyd, European Thermodynamics Ltd, Laird PLC, Henkel AG & Company, Lord Corporation, Parker Chomerics, Amerasia International (AI) Technology Inc, 3M, DuPont, Marian Inc, Darcoid company, Wacker AG, and Dr Dietrich Muller Gmbh.
Growth Drivers:
  • Growing demand for consumer electronics across the globe
  • Growing automobile demand in the Asia Pacific region
  • Growing product demand in the telecom industry
Pitfalls & Challenges:
  • Miniaturization in electronics and automotive industry may restrict product volume demand
  • High product prices may hamper product demand

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Conductive paste led the market by account of its widespread application in consumer electronics

electronic thermal management materials market by product

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Conductive paste was the most revenue generating product in the overall electronic thermal management materials market in 2018. These pastes help in reducing the dependency on screws and clips in electronic devices, thereby providing with lightweight consumer electronics. The consumer electronics manufacturers are constantly trying to reduce the weight of their produce hence are shifting towards the use of conductive pastes.
 

Gap fillers help in eliminating air gaps between heat sink and other electrical components. These fillers offer an effective combination of thermal performance with an efficient mechanical shock resistance. Phase change materials (PCM) are mostly employed in high power electronics due to their excellent chemical stability and high latent heat. However, their low thermal conductivity compared to other electronic thermal management products is a major limitation of the product.
 

Consumer electronic is the maximum revenue generating industry

electronic thermal management materials market by end-user industry

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Electronic thermal management material are widely used in the consumer electronics sector. The need for effective thermal management and heat dissipation from electronic devices from computers to LED lighting have become pivotal for their reliability and performance. Moreover, with the diminishing size of electronics efficient thermal stability within the electronic assembly is becoming an area of utmost importance in the recent times. Consumer electronics held an electronic thermal management materials market share of close to 35% in 2018.
 

ETMM products are also extensively used in the automotive and telecommunication sector. Gap pads, thermal greases, and phase change materials are used in automotive engine, transmission controls and on-board electronics. Telecommunication equipment manufacturers to ensure reliability and long life hugely depends on thermal interface materials. ETMM are mainly used in switches, optical fiber cables, transmitters and receivers among others in the telecom industry.
 

Asia Pacific registered maximum demand

electronic thermal management materials market by region

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ETMM materials in the Asia Pacific region has gain wide popularity in the recent times. The presence of major electronics manufacturers in the region is positively contribution to the ETMM demand. Moreover, encouraging government schemes especially in India such as ‘Digital India’ and 100% FDI has surged electronic manufacturing in turn propelling the demand for thermal management materials. Europe and North America are other major revenue generating regions. The presence of large manufacturing infrastructure coupled with the increasing demand for electronics shall contribute to the electronic thermal management materials market growth.
 

Capacity scale up strategy is adopted by companies to retain/increase their industry foothold

Companies are adopting various strategies to retain/increase their industry foothold. For instance, Lord corporation, in March 2019 announced the collaboration agreement with Scheugenpflug to scale up the production of thermal designs. Scheugenpflug is a worldwide provider of adhesive bonding, dispensing and potting equipment for the automotive market. This collaboration is in line with the company’s strategy to ramp up the thermal materials production and provide efficient products to the automotive industry.
 

Some of the key players include 3M, Parker Chomerics, Boyd, European Thermodynamics, Dr Dietrich Muller Gmbh,  Wacker AG, Darcoid company, Laird PLC, Lord Corporation, Amerasia International (AI) Technology Inc, Henkel AG & Company, Marian Inc, Honeywell International Inc and Dupont.
 

Electronic thermal management materials market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in Tons and USD million from 2015 to 2026, for the following segments:

By Product

  • Conductive Paste
    • Silicon
    • Epoxy
    • Acrylic
  • Conductive tape
  • Phase change materials
    • Paraffin
    • Salt Hydrate
    • Others
  • Gap fillers
    • Silicone
    • Non-silicone
  • Greases
    • Silicone
    • Non-silicone
  • Others

By Application

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

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • APAC
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Malaysia
  • LATAM
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights Inc., the electronic thermal management materials business is expected to hit at $8.7 billion (USD) by 2026.
Growing demand for consumer electronics, rising automobile demand and increasing product demand in the telecom industry are the key factors expected to drive the growth of the global ETMM market.
Honeywell International Inc, Boyd, European Thermodynamics Ltd, Laird PLC, Henkel AG & Company, Lord Corporation, Parker Chomerics, Amerasia International (AI) Technology Inc, 3M, DuPont, Marian Inc, Darcoid company, Wacker AG, and Dr Dietrich Muller Gmbh., are the top contributors in the industry.
Based on product, the conductive pastes segment held highest share in 2018 and is anticipated to exhibit a remarkable growth rate during the forecast period.

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Premium Report Details

  • Published Date: Jan 2020
  • Pages: 462
  • Tables: 688
  • Charts / Figures: 22
  • Companies covered: 14
  • Countries covered: 19

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