Through 2032, it is expected that demand for electronic thermal management materials will grow at a CAGR of 8.4%. The market for electronic thermal management materials (ETMM) is expected to grow from its current net worth of US$ 2.22 billion in 2022 to US$ 4.96 billion by the end of 2032.
The electronic thermal management materials market is anticipated to be majorly driven by increasing demand for electronic components in several industry verticals. Rising demand for electric vehicles is also expected to boost demand for electronic thermal management materials owing to the rising use of electronic components. Increasing disposable income is boosting consumer purchasing power and high demand for consumer electronics, which is also expected to drive electronic thermal management material consumption.
However, the trend of miniaturization of devices and the high costs of ETMM products are expected to have a negative impact on global electronic thermal management materials market growth across the forecast period (2022-2032).
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Key electronic thermal management material suppliers are focusing on mergers, collaborations, partnerships, and acquisitions to increase their market presence and boost revenue generation potential.
- In May 2022, DuPont Microcircuit and Component Materials announced a collaboration with Industrial Technology Research Institute (ITRI) of Taiwan to illustrate the value of DuPont GreenTape™ LTCC used in AiP applications. The collaboration is expected to result in an alternative to existing PCB options.
Fact.MR, a market research and competitive intelligence provider, has analyzed the electronic thermal management materials market in extensive detail in this latest market study report.
Key Companies Profiled
- Boyd Corporation
- DuPont
- European Thermodynamics Ltd.
- Dr. Dietrich Müller GmbH
- Henkel AG & Company
- Honeywell International Inc.
- Laird plc
- Lord Corporation
- Parker Chomerics
- Darcoid Company
- Marian Inc.
- The 3M Company
- Amerasia International (AI) Technology Inc
- Wacker AG.
Key Takeaways from Market Study
- In 2022, the electronic thermal management materials market stands at US$ 2.22 billion.
- From 2022 to 2032, electronic thermal management materials sales are predicted to rise at a high CAGR of 8.4%.
- Increasing disposable income, rising digitization, growing demand for lightweight electronic components, and rising use of electronic components in the automotive industry are prominent factors expected to drive market growth.
- High costs and the trend of miniaturization of devices are expected to have a restraining effect on ETMM market potential.
- Demand for conductive pastes is expected to rise at a CAGR of 9.9% and account for US$ 1.36 billion by 2032.
- The consumer electronics end-use segment accounts for a revenue of US$ 554.2 million and is expected to hold a dominant market share of 29.3% by the end of 2032.
- The China ETMM market is expected to account for US$ 658.7 million by 2032 while expanding at a CAGR of 9.2%.
“Rising demand for electronic components from the automotive industry is expected to drive demand for electronic thermal management materials,” says a Fact.MR analyst
Winning Strategy
Electronic thermal management material manufacturers are focusing on expanding their manufacturing capability to meet increasing demand from several industry verticals.
Top electronic thermal management material suppliers are expected to deploy numerous strategies to enhance their business scope and gain a competitive edge over other market players.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global electronic thermal management materials (ETMM) market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of product type (conductive pastes, conductive tapes, phase change materials, gap fillers, thermal greases, other product types) and end use (consumer electronics, automotive, aerospace, healthcare, telecom, other end uses), across five major regions (North America, Latin America, Europe, APAC, and the MEA).
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