The Thermal interface materials market is growing, due to electrification of transportation industry, growing light emitting diode (LED) market, enhanced need for seamless connectivity, and sophisticated electronics. The high-performance thermal interface materials in the form of nano diamonds and increasing use of carbon nanotubes as heat sinks are some of the factors, providing ample growth opportunities for the thermal interface materials market. One of the major factors restraining the growth of the market is its physical properties that limit thermal interface material’s performance.
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The greases and adhesives lead the type segment in the market, followed by tapes and films segment. Due to the ability of greases and adhesives to flow into any nook of the intended application, OEMs prefer to use them on the surface roughness in the housing. The phase change materials segment is growing with the highest rate in the market. Among the applications, computer segment leads the market followed by telecom. The thermal interface materials are used for the development of cutting-edge devices employed in surgical, diagnostic, and imaging applications. The medical device application segment is expected to grow with the highest rate in the coming years. The increasing demand for effective, smaller, and lighter medical equipment is supporting the high growth of medical device application segment in the global market.
Asia-Pacific leads the global thermal interface materials market. The Asia-Pacific market is also expected to grow with the highest rate in coming years, where India, Japan, and China are offering considerable growth opportunities. This is due to the growth in end-use industries of the countries such as telecom, electrical and electronics, medical, and automotive.
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