Thermal interface materials market projected to grow to $5.64 billion by 2029.

From GlobeNewswire: 2025-04-07 09:00:00

The Thermal Interface Materials Market is projected to grow from USD 3.56 billion in 2024 to USD 5.64 billion by 2029, driven by demand from small electronic products and the LED market. Electric vehicles using thermal interface materials for heat dissipation will also drive growth, with nanotechnology enhancing performance.

Silicone material is expected to dominate thermal interface materials due to its efficiency in heat distribution. Greases & adhesives are the most used type, with computers & data centers driving growth. Asia Pacific leads the market, with increased domestic electronics production contributing to demand.

Key players in the market include Honeywell International Inc., 3M, Henkel AG & Co. KGaA, and DOW. These companies focus on innovation and have a global presence, offering diverse product portfolios. Honeywell operates in various industries, while 3M offers a wide range of products including adhesives and coatings.

Overall, the Thermal Interface Materials Market is poised for significant growth fueled by increasing demand for consumer electronics. The market will face challenges like physical limitations of materials, but opportunities from 5G technology adoption will drive innovation and growth in the industry.



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