Global Liquid Thermal Interface Materials Market- Business Growth, Trend Analysis and Opportunities to 2027
Rise in Need for Effective Thermal Management in Global Electronics Industry to Create Opportunity for Global Liquid Thermal Interface Materials Market
·
Effective thermal management remains a key to ensuring
consistent long-term performance and reliability of electronic devices. Liquid
versions of thermal interface materials have become increasingly prevalent in
the recent years. These liquid products offer low-cost alternatives for thermal
interface pads.
·
Liquid thermal interface materials are dispensed as a liquid.
They can either remain in a liquid state or cure-in-place in the application,
thereby forming a thermally conductive, dielectric layer. Liquid thermal
interface materials offer several functional advantages over traditional
methods, for instance, ease of automation and low thermal resistance. This
results in significant cost savings.
·
Liquid thermal interface materials facilitate the use of a
single material in several applications and in diverse forms. This leads to
price advantage while purchasing materials in large volumes.
·
Use of liquid thermal interface materials in thermal management
systems is expected to gain significant momentum in the near future, due to
their exceptional heat extraction and conducting abilities, which offer higher
efficacy than the conventional coolants
Key
Drivers of Global Liquid Thermal Interface Materials Market
·
Properly applied thermal interface materials replace the air
present in gaps between the two objects with a material with much higher
thermal conductivity. With an increasing range of electronic applications
calling for smaller packaging, higher power, and lower cost, the need for
innovative and high-performance thermal solutions designed for ease of
automation is expected to increase substantially between 2019 and 2027.
·
The automotive segment accounted for a major share of the global
liquid thermal interface materials market in 2018, owing to the rising trends
of production of electric vehicles, autonomous driving, advanced driver
assistance systems (ADASs), and networking of vehicles.
·
Electric vehicles is the future of the global automotive
industry. Strong indicators depicted by the electric vehicles industry are
estimated to create significant demand for liquid thermal interface materials
during the forecast period.
Thermal Grease, Thermal Adhesive Fluids, and Thermal Liquid
Metals to Witness Substantial Demand
·
Based on product, the global liquid thermal interface materials
market can be segmented into thermal grease, thermal adhesive fluids, and
thermal liquid metals
·
Demand for all these product types of liquid thermal interface
materials is expected to rise in the global electronics industry during the
forecast period, as they help in reducing the overall cost of production while
enhancing the thermal performance of assemblies
·
Liquid thermal interface materials essentially involve no
dimensional restrictions and they can be dispensed to fill any dimension. They
can displace several thermal interface materials used within the module and
reduce the overall part count within the module.
Significant Growth Potential of Automotive Electronics Segment
·
Based on application, the global liquid thermal interface
materials market can be divided into computers, automotive electronics,
industrial machinery, telecommunications, consumer durables, medical devices,
and others. Liquid thermal interface materials were originally designed for use
in highly automated production lines. In terms of demand, the automotive
electronics segment is projected to hold a major share of the global market for
liquid thermal interface materials between 2019 and 2027.
·
Thermal management systems offer a wide range of benefits such
as temperature uniformity, better heat transfer, improved energy density in
batteries, and fire suppression. This makes it a lucrative technology for use
in the automotive industry. In order to meet the surging demand for thermal
management of components in electric vehicles, Lord Corporation has invested
about US$ 15.5 Mn in the expansion of operations at its Hückelhoven facility in
Germany.
·
Liquid thermal interface materials are likely to be used largely
in high-performance smartphones to prevent those from heating as well as in the
cooling mechanism of computers and laptops
Asia
Pacific to be a Key Market for Liquid Thermal Interface Materials
·
In terms of region, the global liquid thermal interface
materials market can be divided into: North America, Europe, Asia Pacific,
Latin America, and Middle East & Africa
·
China’s leading position in various end-user industries such as
consumer electronics, aerospace, and automotive is likely to propel the demand
for liquid thermal interface materials in the near future
·
Electro-mobility is a leading priority in China. The country
continues to play an increasingly dynamic role as a global provider of
e-mobility. According to the Government of China, five million electric cars
are set to hit China’s roads by 2020. Manufacturers need to sell at least 12%
of new cars with electric motors by 2020 in order to avoid high penalties.
These trends are anticipated to present significant potential for the liquid
thermal interface materials market in Asia Pacific in the near future.
Key Manufacturers Operating in the Market
The global
liquid thermal interface materials market was highly fragmented in 2018. Key
manufacturers operating in the global market are:
·
Henkel
·
Lord Corporation
·
3M
·
DuPont de Nemours, Inc.
·
Parker Hannifin Corp
·
Laird Technology
·
Momentive Inc.
·
Indium Corporation
·
Shin-Etsu Chemical Ltd
·
Boyd Corporation
·
Marian Inc.
·
SEMIKRON
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