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Thermal Interface Materials Market Size Worth $4.86 Billion by 2030: Grand View Research, Inc.SAN FRANCISCO, June 16, 2022 /PRNewswire/ -- The global thermal interface materials market is projected to reach USD 4.86 billion by 2030, expanding at a compound annual growth rate (CAGR) of 11.4% during the forecast period, according to a new report by Grand View Research, Inc. The increasing use of electrical equipment and electronic gadgets is expected to boost the market for thermal interface materials during the forecast period.  Key Industry Insights & Findings from the report:
Read 100-page market research report, "Thermal Interface Materials Market Size, Share & Trends Analysis Report By Product (Tapes And Films, Elastomeric Pads), By Application (Telecom, Computer, Others), And Segment Forecasts, 2022 - 2030", published by Grand View Research. Thermal Interface Materials Market Growth & Trends The rising demand for high-grade specifications in electronic devices due to the increased need in terms of consumer electronics and technology innovation is expected to support the growth of thermal interface materials. Moreover, the growing demand for the latest technological gadgets and specialty electronics for high-end operations is expected to augment the market in the projected time. Commercial availability and enhanced performance characteristics of the products to reduce the heat transfer are likely to support the demand. Thermal interface materials conduct more heat than air, which it displaces as a substance to fill the imperfection between the physical contact of solid surfaces. These materials can also extract waste heat generated when a semiconductor electronic device is used to its maximum potential. Increased use of electronic devices in various areas such as consumer goods, and automobiles and the use of smart devices in the household, commercial, and industrial operations are expected to augment the grwth of thermal interface materials during the forecat period. The COVID-19 pandemic impacted the increased use of smart devices and electrical appliances by consumers. As a result, production and demand for thermal interface materials have increased. During the pandemic, however, supply chain disruption caused by governmental restrictions had a minor negative impact on the market. The market is highly competitive for a variety of reasons, including the high level of innovation in terms of product innovation and performance, the remarkable impact of e-commerce on the shopping experience, and product substitutes. Thermal Interface Materials Market Segmentation Grand View Research has segmented the Thermal Interface Materials market based on product, application, and region: Thermal Interface Materials Market - Product Outlook (Revenue, USD Million; 2017 - 2030)
Thermal Interface Materials Market - Application Outlook (Revenue, USD Million; 2017 - 2030)
Thermal Interface Materials Market - Regional Outlook (Revenue, USD Million; 2017 - 2030)
List of Key Players of Thermal Interface Materials Market
Check out more related studies published by Grand View Research:
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
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