Electronic Thermal Management Material Market worth USD 11,152.8 million by 2030

The Market Statsville Group (MSG) publishes the new report on the "Electronic Thermal Management Material Market by Product (Conductive Paste, Conductive Tape, Phase Change Materials, Gap Fillers, and Greases), by End-Users (Consumer Electronics, Automotive, Aerospace, Healthcare, and Telecommunication), by Region – Global Share and Forecast to 2030".

The global electronic thermal management material market size is estimated to grow USD 11,152.8 million by 2030 from USD 5,680.1 million in 2021 and register a CAGR of 8.8% during the forecast period. The demand for electronic equipment and devices from these end-use industries has increased rapidly over the past decade. Increasing the adoption of electronic devices in various end-use industries is majorly driving the demand for electronic products and hence electronic thermal management materials. The end-use industries such as automotive, consumer electronics, aerospace, and telecommunication are growing on the backdrop of increasing disposable income of consumers. The increasing disposable income encourages consumers to spend heavily on the products. Most of the electronic devices in these products have integrated thermal management materials.

Scope of Global Electronic Thermal Management Material Market

The overall electronic thermal management material market has been segmented into product, end-users, and region.

• By Product (Conductive Paste, Conductive Tape, Phase Change Materials, Gap Fillers, and Greases)
• By End-Users (Consumer Electronics, Automotive, Aerospace, Healthcare, and Telecommunication)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Consumer electronics, by end-users, is estimated to hold the largest market share during the forecast period

The global electronic thermal management material market is categorized based on the End User, including consumer electronics, automotive, aerospace, healthcare, and telecommunication. The consumer electronics segment had the highest market share in the global electronic thermal management material market. There has been a tremendous growth of Consumer Electronics in the era of entertainment and communications. Consumers have noticed a significant demand for more compact, more powerful electronics with increased mobility, wireless connectivity, and advanced features in various electronic products. Moreover, with the falling size of electronics, efficient thermal stability within the electronic assembly is becoming a zone of utmost importance in the current times.

One of the important factors for driving these solutions is silicon, which is more exceedingly integrated than ever before, as process technology developments deliver system-on-a-chip (SoC) solutions that are smaller, faster, and lower cost. Moreover, the evolution of the microprocessor from a 486 Intel chip to a multi-core processor has shown the exponential increase in power density needed to achieve superior computing power.

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Asia Pacific accounts for the largest market share in the electronic thermal management material market in 2021

Among the geographies, the electronic thermal management material market is segmented into North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Asia Pacific accounted for the highest market share of 39.2% in the global electronic thermal management material market and was anticipated to maintain its dominance throughout the forecast period. The Asia Pacific is projected to remain at the forefront of the global demand for electronics. The demand for thermal management solutions in the Asia Pacific is witnessing high growth, owing to rapid internet penetration in developing countries. Further, video-on-demand (VoD) and internet-only shows are rising in popularity, thus growing the demand for larger displays, like laptops and tablets. This will positively impact the region’s electronic thermal management materials market.

The Asia Pacific is projected to remain at the forefront of the global demand for electronics. The demand for thermal management solutions in the Asia Pacific is witnessing high growth, owing to rapid internet penetration in developing countries. Further, video-on-demand (VoD) and internet-only shows are rising in popularity, thus growing the demand for larger displays, like laptops and tablets. This will positively impact the region’s electronic thermal management materials market. Furthermore, an increase in the demand for China's electronic devices and domestically designed CPUs (Central Processing Units) and DSPs (Digital Signal Processors) has led to a substantial increase in the demand for electronic thermal management materials.

This research report offers a look at the development and marketing strategies of the major firms in the electronic thermal management material market and their product portfolios and winning methods. It also consists of the profiles of leading companies such as Element Six Ltd, Laird Technologies Inc, Boyd Corporation, Applied Diamond Inc, EDP Corporation, PLASSYS BESTEK’s, Henkel AG & Company, 3M Company, Parker Hannifin Corp, and European Thermodynamics Ltd. These market players have focused on acquisitions and expansion to gain a larger market share in the electronic thermal management material market.

Browse complete report: https://www.marketstatsville.com/electronic-thermal-management-material-market

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