Dublin, Aug. 29, 2024 (GLOBE NEWSWIRE) -- The "Electronic Thermal Management Materials - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Electronic Thermal Management Materials is estimated at US$4.2 Billion in 2023 and is projected to reach US$6.4 Billion by 2030, growing at a CAGR of 6.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the electronic thermal management materials market is driven by several factors, including the ongoing miniaturization of electronic components, which creates significant challenges in heat management. As devices shrink while their computing power increases, efficient heat dissipation becomes a critical aspect of design and manufacturing.
The expansion of the consumer electronics market, with its continuous demand for faster, smaller, and more reliable devices, directly contributes to the growth of thermal management solutions. Additionally, the automotive industry's shift towards electric vehicles necessitates robust thermal management systems to ensure battery safety and efficiency, further stimulating market growth.
Technological advancements that lead to new product developments also play a vital role. Moreover, the increasing adoption of IoT devices and the expansion of telecommunication networks require effective thermal management to maintain system reliability and performance, driving the demand for advanced materials. These factors collectively underline the dynamic expansion of the electronic thermal management materials market, reflecting its essential role in the advancement of modern electronics.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Conductive Paste segment, which is expected to reach US$2.6 Billion by 2030 with a CAGR of a 7.0%. The Gap Fillers segment is also set to grow at 5.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.1 Billion in 2023, and China, forecasted to grow at an impressive 10.3% CAGR to reach $1.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 3M Company, Honeywell International Inc., Henkel AG & Co. KGaA, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 138 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $4.2 Billion |
| Forecasted Market Value (USD) by 2030 | $6.4 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Electronic Thermal Management Materials - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Advances in Thermal Interface Materials Propel Growth in Electronic Thermal Management Market
- Increasing Demand for High-Performance Electronics Expands Addressable Market Opportunity
- Technological Innovations in Nanomaterials Generate Demand for Advanced Thermal Management Solutions
- Growth in Electric Vehicles (EVs) Drives Adoption of Efficient Thermal Management Materials
- Rising Focus on Miniaturization in Electronics Strengthens Business Case for High-Performance Thermal Materials
- Demand for Energy-Efficient Cooling Systems Generates Opportunities for Innovative Materials
- Integration with Advanced Manufacturing Processes Drives Market Expansion
- Innovations in Graphene-Based Materials Propel Growth in Thermal Management Solutions
- Increasing Use in Data Centers and Cloud Computing Expands Addressable Market Opportunity
FOCUS ON SELECT PLAYERS(Total 158 Featured)
- 3M Company
- Honeywell International Inc.
- Henkel AG & Co. KGaA
- Wacker Chemie AG
- LORD Corporation
- Laird Ltd.
- Boyd Corporation
- Parker-Hannifin Corporation
- Marian Inc.
- Dr. Dietrich Mueller GmbH
- European Thermodynamics Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/h4w17t
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