Electronic thermal management materials market share size trends outlook

In recent years, electronics have become increasingly compact and powerful. The rising miniaturization and computing capabilities of electronics typically result in the generation of more heat. The high heat can damage the system if it isn’t properly managed. And this is where electronic thermal management materials come in.

Electronic thermal management materials help maintain safe operating temperatures and reliability in electronic devices. Continue reading as we explore the electronic thermal management materials market landscape and the key factors shaping its growth trajectory.

Electronic Thermal Management Materials: Overview

Electronic thermal management materials are materials used to control heat in electronic devices. The heat control may be carried out using conducting, spreading, or dissipating. The use of these materials prevents overheating and failure. It also ensures device reliability and longevity. Commonly used ETM materials include greases, gap pads, and phase change materials. Other materials include heat sinks made from metals like copper and aluminum, as well as electrically insulating films.

Key Market Metrics

According to our analysis, the electronic thermal management materials market is poised to exhibit a CAGR of 8.9% during the forecast period. The market is projected to grow to USD 10.04 billion by 2028.

Key Factors Driving Demand for Electronic Thermal Management Materials

There has been an increase in the demand for consumer electronic products, especially in emerging economies. Compact electronic products that produce high heat are driving this surge in demand. Medical devices also use electronic thermal management materials to enhance performance and equipment reliability.

The rise in consumer electronics sales has resulted in high demand for electronic thermal management materials. A variety of electronic devices, including laptops, smartphones, tablets, televisions, and others, use these materials in their design and production. Electronic thermal management materials such as thermal bonding tapes, heat spreaders, gap fillers, and thermal greases are witnessing widespread adoption. Furthermore, the increasing rollout of 5G is driving market demand.

Region Leading Market Growth

Asia Pacific accounts for the largest market share. The growing demand for consumer electronics and automobiles primarily drives the regional market demand. The demand for electronic thermal management materials in the region has also increased due to growing applications in aerospace and healthcare. Increasing vehicle modernization and rising initiatives to encourage the use of electric vehicles in emerging economies are also boosting regional market growth.

Competitive Scenario of the Market

Leading market players are rapidly implementing various strategies to expand their businesses and gain a competitive advantage. Many players are concentrating on product innovation and investing in R&D activities. These endeavors aim to introduce more inventive products and fortify their market standing. Thermal management requirements are also growing in emerging markets, including LEDs and batteries. In these sectors, increased density, complexity, and strength are prompting manufacturers to seek new materials and innovative automotive battery thermal management system designs.

Some of the prominent players operating in the electronic thermal management materials market include Darcoid Company, Laird PLC, Dr. Dietrich Müller GmbH, Boyd Corporation, European Thermodynamics Ltd., the 3M Company, Honeywell International Inc, Henkel AG & Company, DuPont, Parker Chomerics, Marian Inc., Lord Corporation, and AI Technology, Inc.

Conclusion

Electronic thermal management materials are crucial for keeping devices at safe temperatures. These materials ensure electronic devices work reliably and last longer. As the demand for consumer electronics and 5G technology continues to rise, the market is expected to witness significant growth.