Electronic Thermal Management Materials Market Size

Electronic Thermal Management Materials Market Size

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.

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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.