BCC Research has released a new market research report on thermal interface materials titled ‘Thermal Interface Materials: Technologies, Applications and Global Markets’.
The report predicts that the worldwide market value of thermal interface materials will be $426 million in 2011 and is estimated to reach $627 million by 2016 at a compound annual growth rate (CAGR) of 8% over the five-year period.
Glolbal Thermal Interface Materials Product Segments, 2010–2016
The report has divided the worldwide thermal interface materials market into three sectors such as polymer-based materials, metallic or metal-based materials and phase-change materials. The polymer-based materials are the largest of the three segments and their estimated value in 2011is $373 million. By 2016, the value would reach $549 million at a CAGR of 8.1%.
The market value of the metallic-based materials is expected to reach $39.5 million in 2011 and would grow to $53.8 million by 2016 at a CAGR of 6.4%. The phase-change materials are the smallest of the three sectors and their projected market value in 2011 is $13.4 million. At a CAGR of 12.1%, the value should grow to $23.7 million by 2016.
Two major technological advancements are the main growth factors for thermal-based materials in the coming five years. The miniaturization of every unit and enhanced capability on a single-device unit are driving the demand for thermal-based materials.
Military/industrial equipment and computers were the major consumers of the thermal interface materials in 2010. According to the report, these two end-use sectors would be overtaken by three other sectors such as office/medical equipment, consumer goods and automotive.
Source: http://www.bccresearch.com