Phase Change Thermal Interface Materials Market - Forecast(2022 - 2027)

Report Code: CMR 24334 Report Format: PDF + Excel

Phase Change Thermal Interface Materials Market Overview

Phase change thermal interface materials market size is forecast to reach US$1.5 billion by 2026, after growing at a CAGR of 8% during 2021-2026. Globally, the key factors such as the increasing consumer electronics industry, high surface finishing prices, increased functionality of mobile devices and increased demand from the gaming module industry, is driving the market growth. Also, the growing demand for phase change thermal interface materials as non-electrically conductive, electrically conductive, and electrically insulating thermal grease, thermal gel, thermal adhesive, and thermal pad, is further estimated to raise the market growth. Moreover, due to the growing demand for electronic product miniaturization, the rising LED market, and the increasing usage of phase change thermal interface materials in the various end-use industries, is experiencing strong growth which is projected to bring new opportunities to the phase change thermal interface materials industry to expand during the predicted period.

Impact of Covid-19

The market demand for phase change thermal interface materials experienced a huge declination in the year 2020, which lasted for a limited period of time relative to other major industries. Decreasing sales of computers, tablets, video games, and smartphones have gone up as companies are moving towards work from home strategy to work. In the midst of the pandemic, demand for consumer durables has also grown as people remaining at home need individual consumer devices for personal use.

Phase Change Thermal Interface Materials Market Report Coverage

The: “Phase Change Thermal Interface Materials Market Report – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the phase change thermal interface materials market.

By Binder Type: Paraffin, Non-paraffin, Eutectic salts, and Salt hydrates
By Filler Type: Aluminum Oxide, Boron Nitride, Aluminum Nitride, Zinc Oxide, and Others
By Application: Microprocessors, Graphics Processor, Chipsets, Memory Modules, Power Modules, Power Semiconductors, and others
By End Use Industry: Consumer Electronics, Telecommunication, Automotive, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific),South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)

Key Takeaways

  • The Asia-Pacific region dominated the phase change thermal interface materials market due to the rising demand for consumer electronics and increasing investments in the telecommunication sector in various emerging economies such as China, India, and South Korea.
  • Commercial supply of various phase change thermal interface materials in a variety of ways coupled with increasing applications in the electronics industry is expected to increase penetration in the coming years.
  • Growing number of manufacturers are now innovating the phase change thermal interface material products for the replacement of grease as the interface between power devices and heat sinks, which is expected to fuel the market demand.

Figure: Asia Pacific Phase Change Thermal Interface Materials Market Revenue, 2020-2026 (US$ Billion)

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Phase Change Thermal Interface Materials Market Segment Analysis - By Binder Type

The paraffin binder held the largest share in the phase change thermal interface materials market in 2020. Paraffins are considered as the most commonly phase change materials, which are used as binders. Since paraffin is a low-cost, hazardous substance that may be degraded by microbes is widely used as the PCM thermal interface material binder. Furthermore, paraffin has a melting point of 55°C to 65°C making it ideal for phase change thermal interface materials in non-concentrating solar collectors. Thus, with the rising demand for paraffin binders the market for phase change thermal interface materials market is estimated to rise in the forecast period.

Phase Change Thermal Interface Materials Market Segment Analysis - By Application

Microprocessors held the largest share in the phase change thermal interface materials market in 2020. At room temperature, phase change thermal interface materials are solid pads. They soften and flow at temperatures above their transition temperature, filling the tiny imperfections of the components they come into touch with. As a result, the interface has a low thermal contact resistance and can increasingly be used in the microprocessors. Moreover, owing to the alluring characteristics such as stable and reliable performance, and wide range of thicknesses the demand for phase change thermal interface materials in microprocessors is anticipated to increase in the forecast period. Also, owing to the reusable options of phase change thermal interface materials as non-electrically conductive and electrically conductive properties in the microprocessors will lead the market growth over the forecast period.

Phase Change Thermal Interface Materials Market Segment Analysis - By End Use Industry

The consumer electronics segment held the largest share in the phase change thermal interface materials market in 2020 and is projected to grow at a CAGR of 7.5% during the forecast period 2021-2026. Growing demand for outstanding-performance highly durable consumer electronic devices have led to the demand for phase change thermal interface materials in the consumer electronics sector. Furthermore, phase change thermal interface materials (PCTIMs) are gaining traction in the consumer electronics sector as a result of the necessity to dissipate significant amounts of heat from semiconductor device junctions to the ambient environment. PCTIMs are polymer-based technologies that have been shown to solve crucial heating problems and give long-term dependability. Also, PCTIM has a wide range of applications in consumer electronics since it aids in the smoothing out of temperature variations. Thus, due to the above mentioned factors the demand for phase change thermal interface materials is anticipated to rise over the forecast period.

Phase Change Thermal Interface Materials Market Segment Analysis - By Geography

Asia Pacific held the largest share with 42% in phase change thermal interface materials market in 2020. In recent years, the phase change thermal interface materials method has become the favoured approach for producing processors, and research and development efforts are underway in this field. They are employed in the telecommunication industry because of their great impact energy-absorbing characteristics and low densities. Furthermore, rising growth of the telecommunication sector in the region is anticipated o drive the market growth. For instance, under the Department of Telecom, the Union Cabinet authorized a Rs. 12,195 crore (US$ 1.65 billion) production-linked incentive (PLI) plan for telecom and networking equipment as per the India Brand Equity Foundation. The information and communication technology (ICT) industry in Indonesia has a promising future since the country is beginning from a low base of IT solution adoption and has lots of potential to expand. International Data Corporation Indonesia, a research group, recently forecasted that Indonesia's ICT expenditures rose 16% to US$ 29.5 billion in 2020 as per the International Trade Administration. Thus, rising investment in the end use industries is further anticipated to raise the growth of the market.

Phase Change Thermal Interface Materials Market Drivers

Increasing Demand for Miniaturization of Electronic Devices

The growing need for shrinking and automation of electronic devices such as mobile phones, touch screens and displays, and medical devices is propelling the expansion of phase change thermal interface materials. As electronics get smaller, the components become more concentrated, causing them to overheat. This raises the heat density on the surface of the electrical equipment. To improve heat dissipation, phase change thermal interface materials are required. Currently, rising investments in the electrical and electronics sector would further uplift the growth of the market. For instance, according to the India Brand Equity Foundation, by the year 2021-22 the Indian government has set a target to get Rs. 18,000 crore (US$ 2.4 billion) investments in the electronics manufacturing segment. Thus, owing to such benefits an increase in demand for phase change thermal interface materials for miniaturization of electronic devices is being witnessed.

Rising Demand for Phase Change Thermal Interface in Automotive Electronics sector

As the thermal interface between heat sinks and heat generating devices phase change materials are designed as an alternative to grease. It is capable of being converted and handled at room temperature, with phase change occurring only at higher application temperatures. Owing to its benefits such as high thermal conductivity, good thermal transfer properties, excellent heat stability, and long life span the demand for phase change thermal interface materials in the automotive electronics segment is anticipated to increase.

Growing demand for phase change thermal interface materials as non-electrically conductive and electrically conductive for battery thermal management of electric vehicles (EVs) is henceforth anticipated to drive the market growth. Thus, as vehicles incorporate more electronic and electrical components, the role of TIMs will become increasingly important. Thus, as vehicles become more electronic and electrically complex, the demand for phase change thermal interface materials is estimated to rise over the forecast period.

Phase Change Thermal Interface Materials Market Challenges

Granule Size and Amount of Phase Change Thermal Interface Materials Applied

The performance of phase change thermal interface materials is determined by a number of criteria, the two most important of which are the granule size and the amount of phase change thermal interface materials used. The better the filling of air pockets, the smaller the granule size of phase change thermal interface materials. Mating surfaces are found to be rough with little projections, which form little air pockets between the mating surfaces when observed closely. The consistent heat transfer from the heat source to the heat sink is hampered by these tiny air pockets. The smaller the granules of phase change thermal interface materials are, the greater the compactness between mating surfaces and the fewer air pockets will be. However, depending on the application, the amount of phase change thermal interface materials to be used for better thermal management varies. Inconsistent flow and substantial energy storage result from the use of less or more phase transition thermal interface materials. Thus, this can also lead to the deterioration of electronic devices. Hence, granule size and amount of phase change thermal interface materials is a challenge in the phase change thermal interface materials market, which can be avoided by the selection of type and amount of phase change thermal interface materials. 

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the phase change thermal interface materials market. Major players in the phase change thermal interface materials market are Henkel AG & Co. KGaA, 3M Company, Dow Corning Corp., Parker Chomerics, Honeywell International Inc., Enerdyne Thermal Solutions, Indium, Shin-Etsu Chemical, T-Global Technology, Stockwell Elastomerics, Laird Plc., and Aavid Thermalloy among others.

Relevant Reports

Thermal Interface Materials Market - Forecast(2021 - 2026)

Report Code: CMR 0589

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1. Phase Change Thermal Interface Materials Market - Market Overview
    1.1 Definitions and Scope
2. Phase Change Thermal Interface Materials Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Binder Type
    2.3 Key Trends by Filler Type
    2.4 Key Trends by Application
    2.5 Key Trends by End Use Industry
    2.6 Key Trends by Geography
3. Phase Change Thermal Interface Materials Market - Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Phase Change Thermal Interface Materials Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Phase Change Thermal Interface Materials Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis - Major Companies
6. Phase Change Thermal Interface Materials Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Phase Change Thermal Interface Materials Market -Strategic analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Phase Change Thermal Interface Materials Market – By Binder Type (Market Size - US$ Million)
    8.1 Paraffin
    8.2 Non-paraffin
    8.3 Eutectic salts
    8.4 Salt hydrates
9. Phase Change Thermal Interface Materials Market – By Filler Type (Market Size -US$ Million)
    9.1 Aluminum Oxide
    9.2 Boron Nitride
    9.3 Aluminum Nitride
    9.4 Zinc Oxide
    9.5 Others
10. Phase Change Thermal Interface Materials Market – By Application (Market Size -US$ Million)
    10.1 Microprocessors
    10.2 Graphics Processor
    10.3 Chipsets
    10.4 Memory Modules
    10.5 Power Modules
    10.6 Power Semiconductors
    10.7 Others
11. Phase Change Thermal Interface Materials Market – By End Use Industry (Market Size -US$ Million)
    11.1 Consumer Electronics
    11.2 Telecommunication
    11.3 Automotive Electronics
    11.4 Others
12. Phase Change Thermal Interface Materials Market - By Geography (Market Size -$Million)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zealand
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of Asia Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 ROW
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of South Africa
13. Phase Change Thermal Interface Materials Market - Entropy
    13.1 New Product Launches
    13.2 M&A’s, Collaborations, JVs and Partnerships
14. Phase Change Thermal Interface Materials Market - Market Share Analysis Premium
    14.1 Market Share at Global Level- Major companies
    14.2 Market Share by Key Region- Major companies
    14.3 Market Share by Key Country- Major companies
    14.4 Market Share by Key Application - Major companies
    14.5 Market Share by Key Product Type/Product category- Major companies
    14.6 Company Benchamrking Matrix - Major companies
15. Phase Change Thermal Interface Materials Market - Key Company List by Country Premium Premium 
16. Phase Change Thermal Interface Materials Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

List of Tables

1 US Phase Change Thermal Interface Materials Market Size 2018
2 Canada Phase Change Thermal Interface Materials Market Share 2018
3 Brazil Phase Change Thermal Interface Materials Market Outlook 2019 - 2023
4 Mexico Phase Change Thermal Interface Materials Market Research 2018
5 Germany Phase Change Thermal Interface Materials Market Trends 2019 - 2023 
6 France Phase Change Thermal Interface Materials Market Growth 2019 - 2023 
7 UK Phase Change Thermal Interface Materials Market Demand 2019 - 2023 
8 Italy Phase Change Thermal Interface Materials Market Segmentation 2018
9 Russia Phase Change Thermal Interface Materials Market Analysis 2019 - 2023
10 China Phase Change Thermal Interface Materials Market Revenue 2019 - 2023
11 Japan Phase Change Thermal Interface Materials Market Volume 2019 - 2023
12 South Korea Phase Change Thermal Interface Materials Market Potential 2019 - 2023
13 India Phase Change Thermal Interface Materials Market Leaders 2018
14 Saudi Arabia Phase Change Thermal Interface Materials Market Forecast 2019 - 2023 
15 Kuwait Phase Change Thermal Interface Materials Market Value 2018

List of Figures

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