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Tuesday, November 28, 2023

Global Electronic Thermal Management Material Market is Anticipated to Grow at a CAGR of 8.4% during 2024 to 2030

The future of the global electronic thermal management material market looks promising with opportunities in the IT and telecom, aerospace, healthcare, automotive, and consumer electronics markets. The global electronic thermal management material market is expected to reach an estimated $8.4 billion by 2030 with a CAGR of 8.4% from 2024 to 2030. The major drivers for this market are rising penetration of smartphones worldwide, increased need for small devices with more output, density, and complexity, and growing need for automated solutions that are effective and high-performing.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the electronic thermal management material market by type (gap fillers, conductive tapes, phase change materials, conductive paste, thermal greases, and others), application (IT and telecom, aerospace, healthcare, automotive, consumer electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, gap fillers, conductive tapes, phase change materials, conductive paste, and thermal greases are the major segments of electronic thermal management material market by type. Lucintel forecasts that conductive paste will remain the largest segment over the forecast period due to rising demand for lightweight electronic assemblies, the shrinking of electronic components, and rapid improvement of technology, as well as, conductive paste provides excellent heat and electric conductivity along with enhanced adhesive strength.Within this market, consumer electronics will remain the largest segment because the application of heat management materials in consumer electronics extends the life of electronic assemblies while enhancing performance, along with number of variables, including rising disposable income, rising living standards, technical advancement, and the growing popularity of mobile devices.

APAC will remain the largest region over the forecast period due to rising urbanization, growing consumer expenditure, foreign companies expanding in this area, and technical developments, as well as, existence of significant electronics producers and government programs that encourage manufacturing.

Boyd Corporation, 3M Company, Wacker Chemie, Laird, Parker Chomerics, Lord Corporation, Honeywell International, Dupont, European Thermodynamics, and Darcoid Company are the major suppliers in the electronic thermal management material market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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