Market by Product Type, Application, and Country Outlook | Forecast 2023-2030
As per Triton’s research, the thermal interface materials market in Europe is assessed to register a compound annual growth rate of 10.43% during the forecast period 2023-2030.
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The countries in the region comprise:
•
United Kingdom
•
Germany
•
France
•
Spain
•
Italy
•
Rest of Europe
The European market for thermal interface
materials is currently experiencing substantial growth, driven by the thriving
electronics industry in countries like the United Kingdom, France, and Poland.
Moreover, the increasing demand for electronic devices across various sectors
has created a consistent need for TIMs. Further, the healthcare sectors in
Germany, Italy, and Denmark have emerged as significant consumers of TIMs due
to their vital role in managing heat in medical devices. However, a shortage of
skilled labor could potentially impact the market’s ability to efficiently meet
the rising demand.
Germany
captures the highest share in the regional market. The nation’s leading role as a manufacturing
center, particularly in the automotive, pharmaceutical, medical device, and
aerospace sectors, offers notable prospects for thermal interface materials. In
2021, German automobile manufacturers produced more than 15.6 million vehicles.
In this regard, TIMs play a vital role in optimizing thermal management in
vehicles to support advanced automotive technologies.
Furthermore, in France, the substantial
investments made by the government in cutting-edge technologies, including AI
and 5G, have increased demand for powerful electronic devices. These devices
generate significant heat during operation, highlighting the importance of
efficient thermal management. This has ultimately created demand for thermal
interface materials for dissipating heat and ensuring the reliability of these
advanced technologies. Thus, these factors play a major role in fueling the
studied market’s development.
Over the years, modern vehicles have become more
complex and sophisticated, leading to a growing need for thermal management
solutions to maintain the optimal performance and reliability of electronic
components. Thermal interface materials serve a crucial function in dissipating
heat generated by various automotive electronic systems, including engine
control units, infotainment systems, advanced driver-assistance systems (ADAS),
and electric vehicle (EV) components.
The
market is broadly sectioned into application and product type. The application segment includes automotive
computers, consumer durables, industrial machinery, electronics, telecom,
medical devices, and other applications.
The
key companies listed in the market include Laird Technologies Inc, Honeywell
International Inc, Wakefield Thermal Inc, Parker Hannifin Corporation, and
Henkel AG & Co KGAA.
Henkel AG & Co KGaA, headquartered in
Dusseldorf, Germany, is a prominent manufacturer and marketer of consumer and
industrial products. Its diverse portfolio spans various categories,
encompassing adhesives, sealants, functional coatings, hair cosmetics, hair
salon products, oral care, laundry detergents, additives, etc. Within the
adhesive segment, the company provides industrial cleaners, coatings,
lubricants, repair materials, sealants, and surface treatments. It serves an
array of industries, including aerospace, automotive, transportation,
electronics, engineered wood, furniture, building components, and data &
telecom infrastructure.
KEY
DELIVERABLES OF THE REPORT:
●
Market CAGR during the forecasting years 2023-2030
●
Detailed data highlighting key insights, industry components, and
market strategies
●
Comprehensive information and estimation of the thermal interface
materials market revenue growth in Europe and its influence on the parent
market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the Europe
thermal interface materials market’s growth during the upcoming years
Want to get specific
insights? Our team of analysts can customize this report based on your
preferences. Connect with us here.
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VIEW REPORT1. EUROPE
THERMAL INTERFACE MATERIALS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE THERMAL INTERFACE MATERIALS MARKET
2.1.1. COVID-19
IMPACT
2.1.2. UKRAINE-RUSSIA
WAR IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. INDUSTRY
COMPONENTS
2.3.1. RAW
MATERIAL SUPPLIERS
2.3.2. MANUFACTURERS
2.3.3. END-USER
2.4. KEY
BUYING IMPACT ANALYSIS
2.4.1. EASE
OF APPLICATION & INSTALLATION
2.4.2. RELIABILITY
2.4.3. PERFORMANCE
2.4.4. TYPE
2.4.5. COMPATIBILITY
2.5. KEY
MARKET STRATEGIES
2.5.1. COLLABORATIONS
2.5.2. PRODUCT
LAUNCHES
2.5.3. ACQUISITIONS
2.6. MARKET
DRIVERS
2.6.1. INCREASING
NEED FOR ADVANCED ELECTRONICS
2.6.2. GROWING
LED MARKET
2.6.3. ADVANCING
ELECTRIFICATION IN THE AUTOMOTIVE SECTOR
2.6.4. DIVERSE
INDUSTRIAL APPLICATIONS
2.6.5. GROWING
DEMAND FOR SEAMLESS CONNECTIVITY
2.7. MARKET
CHALLENGES
2.7.1. DETERMINING
OPTIMAL OPERATIONAL COSTS FOR END-USERS
2.7.2. PHYSICAL
PROPERTIES CONSTRAINING PERFORMANCE
2.8. MARKET
OPPORTUNITIES
2.8.1. INCREASING
COMMERCIAL ADOPTION OF MMC AND CMC MATERIALS
2.8.2. ADVANCEMENTS
IN TECHNOLOGY
2.9. ANALYST PERSPECTIVE
3. EUROPE
THERMAL INTERFACE MATERIALS MARKET – BY PRODUCT TYPE
3.1. GREASES
& ADHESIVES
3.2. THERMAL
PADS
3.3. TAPES
& FILMS
3.4. PHASE
CHANGE MATERIALS
3.5. METAL-BASED
THERMAL INTERFACE MATERIALS
3.6. OTHER
PRODUCT TYPES
4. EUROPE
THERMAL INTERFACE MATERIALS MARKET – BY APPLICATION
4.1. AUTOMOTIVE
ELECTRONICS
4.2. COMPUTERS
4.3. TELECOM
4.4. CONSUMER
DURABLES
4.5. MEDICAL
DEVICES
4.6. INDUSTRIAL
MACHINERY
4.7. OTHER
APPLICATIONS
5. EUROPE
THERMAL INTERFACE MATERIALS MARKET – BY COUNTRY OUTLOOK
5.1. EUROPE
5.1.1. COUNTRY
ANALYSIS
5.1.1.1. UNITED
KINGDOM
5.1.1.1.1. UNITED
KINGDOM THERMAL INTERFACE MATERIALS MARKET FORECAST & PROSPECTS
5.1.1.2. GERMANY
5.1.1.2.1. GERMANY
THERMAL INTERFACE MATERIALS MARKET FORECAST & PROSPECTS
5.1.1.3. FRANCE
5.1.1.3.1. FRANCE
THERMAL INTERFACE MATERIALS MARKET FORECAST & PROSPECTS
5.1.1.4. SPAIN
5.1.1.4.1. SPAIN
THERMAL INTERFACE MATERIALS MARKET FORECAST & PROSPECTS
5.1.1.5. ITALY
5.1.1.5.1. ITALY
THERMAL INTERFACE MATERIALS MARKET FORECAST & PROSPECTS
5.1.1.6. REST
OF EUROPE
5.1.1.6.1. REST
OF EUROPE THERMAL INTERFACE MATERIALS MARKET FORECAST & PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. DOW
CHEMICAL COMPANY
6.1.1. OVERVIEW
6.1.2. PRODUCT
PORTFOLIO
6.1.3. KEY
STRENGTHS
6.1.4. KEY
CHALLENGES
6.2. AAVID THERMALLOY
LLC
6.2.1. OVERVIEW
6.2.2. PRODUCT
PORTFOLIO
6.2.3. KEY
STRENGTHS
6.2.4. KEY
CHALLENGES
6.3. 3M
6.3.1. OVERVIEW
6.3.2. PRODUCT
PORTFOLIO
6.3.3. KEY
STRENGTHS
6.3.4. KEY
CHALLENGES
6.4. SHIN-ETSU
CHEMICAL CO LTD
6.4.1. OVERVIEW
6.4.2. PRODUCT
PORTFOLIO
6.4.3. KEY
STRENGTHS
6.4.4. KEY
CHALLENGES
6.5. MOMENTIVE
PERFORMANCE MATERIALS INC
6.5.1. OVERVIEW
6.5.2. PRODUCT
PORTFOLIO
6.5.3. KEY
STRENGTHS
6.5.4. KEY
CHALLENGES
6.6. HONEYWELL
INTERNATIONAL INC
6.6.1. OVERVIEW
6.6.2. PRODUCT
PORTFOLIO
6.6.3. KEY
STRENGTHS
6.6.4. KEY
CHALLENGE
6.7. LAIRD
TECHNOLOGIES INC
6.7.1. OVERVIEW
6.7.2. PRODUCT
PORTFOLIO
6.7.3. KEY
STRENGTHS
6.7.4. KEY
CHALLENGES
6.8. INDIUM
CORPORATION
6.8.1. OVERVIEW
6.8.2. PRODUCT
PORTFOLIO
6.8.3. KEY
STRENGTHS
6.8.4. KEY
CHALLENGES
6.9. WAKEFIELD
THERMAL INC
6.9.1. OVERVIEW
6.9.2. PRODUCT
PORTFOLIO
6.10. PARKER
HANNIFIN CORPORATION
6.10.1. OVERVIEW
6.10.2. PRODUCT
PORTFOLIO
6.10.3. KEY
STRENGTHS
6.10.4. KEY
CHALLENGES
6.11. TIMTRONICS
6.11.1. OVERVIEW
6.11.2. PRODUCT
PORTFOLIO
6.12. HENKEL
AG & CO KGAA
6.12.1. OVERVIEW
6.12.2. PRODUCT
PORTFOLIO
6.12.3. KEY
STRENGTHS
6.12.4. KEY
CHALLENGES
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: LIST OF COLLABORATIONS
TABLE 3: LIST OF PRODUCT
LAUNCHES
TABLE 4: LIST OF ACQUISITIONS
TABLE 5: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY PRODUCT TYPE, 2023-2030 (IN $ MILLION)
TABLE 6: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)
TABLE 7: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
FIGURE 1: INDUSTRY COMPONENTS
FIGURE 2: KEY BUYING IMPACT
ANALYSIS
FIGURE 3: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY PRODUCT TYPE, 2022 & 2030 (IN %)
FIGURE 4: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY GREASES & ADHESIVES, 2023-2030 (IN $
MILLION)
FIGURE 5: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY THERMAL PADS, 2023-2030 (IN $ MILLION)
FIGURE 6: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY TAPES & FILMS, 2023-2030 (IN $ MILLION)
FIGURE 7: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY PHASE CHANGE MATERIALS, 2023-2030 (IN $ MILLION)
FIGURE 8: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY METAL-BASED THERMAL INTERFACE MATERIALS,
2023-2030 (IN $ MILLION)
FIGURE 9: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY OTHER PRODUCT TYPES, 2023-2030 (IN $ MILLION)
FIGURE 10: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY APPLICATION, 2022 & 2030 (IN %)
FIGURE 11: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY AUTOMOTIVE ELECTRONICS, 2023-2030 (IN $ MILLION)
FIGURE 12: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY COMPUTERS, 2023-2030 (IN $ MILLION)
FIGURE 13: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY TELECOM, 2023-2030 (IN $ MILLION)
FIGURE 14: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY CONSUMER DURABLES, 2023-2030 (IN $ MILLION)
FIGURE 15: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY MEDICAL DEVICES, 2023-2030 (IN $ MILLION)
FIGURE 16: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY INDUSTRIAL MACHINERY, 2023-2030 (IN $ MILLION)
FIGURE 17: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)
FIGURE 18: EUROPE THERMAL
INTERFACE MATERIALS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 19: UNITED KINGDOM
THERMAL INTERFACE MATERIALS MARKET 2023-2030 (IN $ MILLION)
FIGURE 20: GERMANY THERMAL
INTERFACE MATERIALS MARKET 2023-2030 (IN $ MILLION)
FIGURE 21: FRANCE THERMAL
INTERFACE MATERIALS MARKET 2023-2030 (IN $ MILLION)
FIGURE 22: SPAIN THERMAL
INTERFACE MATERIALS MARKET 2023-2030 (IN $ MILLION)
FIGURE 23: ITALY THERMAL
INTERFACE MATERIALS MARKET 2023-2030 (IN $ MILLION)
FIGURE 24: REST OF EUROPE
THERMAL INTERFACE MATERIALS MARKET 2023-2030 (IN $ MILLION)