The boom of electronics industry across the globe, especially in the developing regions, is one of the major factors pushing the adoption of thermal interface devices. Multipronged factors such as rise in disposable income, rapid industrialization, and rising number of governmental projects are likely to drive the thermal interface materials market. Moreover, the trend of electrification of transportation vehicles is also considered as one of the pivotal factors spurring revenues of thermal interface materials market. These insights are extracted from a new report, titled "Thermal Interface Materials Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026," recently added to the all-inclusive library of Market Research Reports Search Engine (MRRSE).
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Thermal Interface Materials Market- Price Volatility to Stymie Growth Prospects
Volatility in prices of raw materials is one of the major restraining factors holding back growth of thermal interface materials market. The final cost of the product surges substantially, on account of other costs involved such as processing and development costs, which hinders its adoption rate by a notable margin. Furthermore, ambiguities associated with bio-degradable nature of polymer-based thermal interface materials are also inducing reluctance among customers, confining the growth of thermal interface materials market. Moreover, rising concerns worldwide pertaining to plastic waste is also a significant factor hampering growth of thermal interface materials market during the forecast period.
Thermal Interface Materials Market- Gravitation of Customers toward Metal-based Materials Represents a Prominent Trend
A paradigm shift toward metal-based thermal interface materials typifies a prominent trend, by virtue of having better conductivity when compared to that of conventional polymer-based thermal interface materials. Moreover, metal-based thermal interface materials are also rapidly gaining grounds, on the back of excellent thermal conductivity offered by them. Moreover, significant properties of metals such as ductility, malleability, and many more, are likely to make them highly sought in form of thermal interface materials across diverse applications. The surging demand for metal-based thermal interface materials is further anticipated to offer lucrative opportunities to the market players to tap into new customer segments.
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Thermal Interface Materials Market- Overview of the Report
The report sheds light on the value chain analysis, which offers a comprehensive overview of global thermal interface materials market with respect to all the crucial growth determiners. The ‘Porter’s Five Forces’ model incorporated in the report for thermal interface materials market has been included to offer a lucid understanding of the competitive dynamics of thermal interface materials market and key differential strategies adopted by the key players.
The study on thermal interface materials market also illustrates market attractiveness matrix, wherein individual segments are gauged and benchmarked as per their business potential over the foreseeable future. Some of the key players operating in the global thermal interface materials market, who are featured in the research study, include SEMIKRON, Wakefield-Vette, Inc., DK THERMAL METAL CIRCUIT TECHNOLOGY LTD, Indium Corporation, Momentive Performance Materials, Parker Hannifin Corp, Honeywell International Inc., 3M, Henkel AG & Company KGaA, Laird Technologies, and Dow Corning.
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Global Thermal Interface Materials Market Projected to Reach US$ 4,210 Mn by 2026
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