Advanced Thermal Management Materials Market
Advanced Thermal Management Materials Market Forecasts to 2030 - Global Analysis By Type (Thermal Gasket, Thermal Gel, Thermal Resin, Graphite and Other Types), Material Type, Device Type, End User and by Geography
According to Stratistics MRC, the Global Advanced Thermal Management Materials Market is accounted for $5.01 billion in 2024 and is expected to reach $7.90 billion by 2030 growing at a CAGR of 7.9% during the forecast period. The performance and longevity of electronic devices, aerospace components, and other high-tech systems are greatly enhanced by the use of advanced thermal management materials. It is essential to avoid overheating and maintain reliable operation, which is why these materials are made to efficiently dissipate heat and preserve thermal stability. Moreover, phase change materials (PCMs) that absorb and release heat during phase transitions, advanced composites that combine multiple properties for enhanced thermal management, and high thermal conductivity materials like graphene and aluminium nitride are just a few of the creative solutions they cover.
According to the Thermal Management Materials Association (TMMA), the adoption of advanced thermal management materials is critical for addressing the increasing thermal challenges posed by modern electronic devices and high-performance systems.
Market Dynamics:
Driver:
Growing interest in electronics
Advanced thermal management materials are in high demand due to the electronics industry's rapid expansion and the widespread use of smart phones, tablets, wearable’s, and other consumer electronics. These devices produce more heat as they get smaller and more powerful, so in order to properly manage thermal dissipation, advanced materials are required. Additionally, this demand is further fueled by the expanding use of electronics in industries like healthcare, industrial automation, and smart homes.
Restraint:
Exorbitant prices for cutting-edge materials
High-performance composites and new materials like graphene, which are useful for advanced thermal management, are frequently expensive. For smaller manufacturers or those with limited resources, the price of these materials can be a major obstacle. Furthermore, high production and processing costs may prevent them from being widely used, especially in applications or industries where less expensive alternatives may be considered adequate.
Opportunity:
Growing electric vehicle (EV) adoption
Advanced thermal management materials have a great opportunity as the use of electric vehicles increases. To maintain optimal performance and control battery temperatures, electric vehicles (EVs) need advanced thermal management systems. Materials that can effectively manage heat in battery packs, power electronics, and charging systems are in greater demand as the EV market grows. Moreover, companies now have the chance to create and offer specialized thermal management solutions that are suited to the demands of the automotive industry, owing to this growth.
Threat:
Supply chain interruptions
Natural disasters, unstable political environments, or pandemics can all cause disruptions to the global supply chain for advanced thermal management materials. Supply chain disruptions can cause problems meeting customer demands, higher costs, and delays in the availability of materials. Additionally, to reduce these risks, businesses must create strong supply chain strategies and backup plans.
Covid-19 Impact:
The market for advanced thermal management materials was significantly impacted by the COVID-19 pandemic, which at first caused supply chains to break, production to stop, and projects in a number of industries to be delayed. Lockdowns and restrictions around the world impacted material availability and manufacturing capabilities, leading to shortages and higher costs. Market expansion was momentarily restrained by economic uncertainty and lower investments in infrastructure and industrial projects. However, the pandemic also accelerated the adoption of digital technologies and remote work as industries adjusted to the new normal.
The Graphite segment is expected to be the largest during the forecast period
The market for advanced thermal management materials is expected to be dominated by the graphite segment. Because of its exceptional heat conductivity, stability at high temperatures, and adaptability, graphite is used extensively. It is used in many different applications where effective heat dissipation is essential, such as electronics, automotive parts, and aerospace systems. Moreover, high-performance thermal management solutions favor this material because of its effective heat conductivity, light weight, and resistance to thermal degradation. Its dominating position in the market is a result of its widespread use in cooling systems, heat spreaders, and thermal interface materials.
The Phase Change Materials (PCMs) segment is expected to have the highest CAGR during the forecast period
In the advanced thermal management materials market, the Phase Change Materials (PCMs) segment is projected to have the highest CAGR. Due to PCMs' exceptional capacity to absorb and release heat during phase transitions, which improves thermal stability and helps control temperature in a variety of applications, their use is growing. In industries where temperature control is crucial, such as electronics, automotive, and building materials, this quality is especially beneficial. Additionally, the adoption of PCMs in these industries is driven by the growing demand for more energy-efficient solutions and improved thermal management.
Region with largest share:
The market for advanced thermal management materials is dominated by North America. The region's stronghold in the electronics and technology sectors, large investments in the automotive and aerospace industries, and strong emphasis on research and development are the main causes of its dominance. Furthermore, North America holds a prominent position in the global market due to the region's leading technological advancements and manufacturing capabilities, as well as the high demand for advanced thermal solutions in consumer electronics, electric vehicles, and high-performance computing.
Region with highest CAGR:
The advanced thermal management materials market is expected to grow at the highest CAGR in the Europe region, albeit less sharply than in the Asia-Pacific region. The region gains from having robust industries like aerospace and automotive, where performance and efficiency depend on cutting-edge thermal management solutions. Innovative thermal management materials are in high demand due to Europe's commitment to sustainability and energy efficiency. Moreover, the region focuses on integrating advanced technologies to meet strict environmental and performance standards.
Key players in the market
Some of the key players in Advanced Thermal Management Materials market include DuPont, NeoGraf, Jones Tech PLC, 3M, Saint-Gobain, Henkel, Suzhou Kanglida Precision Electronics Co., Ltd, Fujipoly Sarcon, Shanghai Allied Industrial Co., Ltd, Parker and Kerafol.
Key Developments:
In July 2024, DuPont has signed an agreement to acquire Donatelle Plastics Inc., a leading medical device contract manufacturer specializing in the design, development and manufacture of medical components and devices. The transaction is expected to close in the third quarter 2024, subject to satisfaction of customary closing conditions and receipt of regulatory approvals.
In March 2024, 3M and HD Hyundai Korea Shipbuilding & Marine Engineering (KSOE) have signed a joint research project agreement to develop large liquid hydrogen storage tanks using Glass Bubbles from 3M – a high-strength, low-density hollow glass microsphere. The collaborative research will focus on developing a high-performance vacuum insulation system for liquified hydrogen storage and transportation.
In February 2024, Saint-Gobain has announced that it has entered into a definitive agreement with CSR Limited to acquire all of the outstanding shares of CSR by way of an Australian scheme of arrangement for AUS$9.00 per share, in cash, corresponding to an enterprise value of AUS$4.5 billion and a net enterprise value of AUS$3.2 billion post short to mid-term monetisable property value of at least AUS$1.3 billion.
Types Covered:
• Thermal Gasket
• Thermal Gel
• Thermal Resin
• Graphite
• Other Types
Material Types Covered:
• Thermal Interface Materials (TIMs)
• Phase Change Materials (PCMs)
• Thermal Conductive Materials
• Thermal Insulating Materials
• Other Material Types
Device Types Covered:
• Conduction Cooling Devices
• Convection Cooling Devices
• Advanced Cooling Devices
• Other Device Types
End Users Covered:
• Consumer Electronics
• Automotive
• Data Centres
• Aerospace
• Industrial
• Healthcare
• Telecom/Datacom
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Advanced Thermal Management Materials Market, By Type
5.1 Introduction
5.2 Thermal Gasket
5.3 Thermal Gel
5.4 Thermal Resin
5.5 Graphite
5.6 Other Types
6 Global Advanced Thermal Management Materials Market, By Material Type
6.1 Introduction
6.2 Thermal Interface Materials (TIMs)
6.3 Phase Change Materials (PCMs)
6.4 Thermal Conductive Materials
6.5 Thermal Insulating Materials
6.6 Other Material Types
7 Global Advanced Thermal Management Materials Market, By Device Type
7.1 Introduction
7.2 Conduction Cooling Devices
7.3 Convection Cooling Devices
7.4 Advanced Cooling Devices
7.5 Other Device Types
8 Global Advanced Thermal Management Materials Market, By End User
8.1 Introduction
8.2 Consumer Electronics
8.3 Automotive
8.4 Data Centres
8.5 Aerospace
8.6 Industrial
8.7 Healthcare
8.8 Telecom/Datacom
8.9 Other End Users
9 Global Advanced Thermal Management Materials Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 DuPont
11.2 NeoGraf
11.3 Jones Tech PLC
11.4 3M
11.5 Saint-Gobain
11.6 Henkel
11.7 Suzhou Kanglida Precision Electronics Co., Ltd
11.8 Fujipoly Sarcon
11.9 Shanghai Allied Industrial Co., Ltd
11.10 Parker
11.11 Kerafol
List of Tables
1 Global Advanced Thermal Management Materials Market Outlook, By Region (2022-2030) ($MN)
2 Global Advanced Thermal Management Materials Market Outlook, By Type (2022-2030) ($MN)
3 Global Advanced Thermal Management Materials Market Outlook, By Thermal Gasket (2022-2030) ($MN)
4 Global Advanced Thermal Management Materials Market Outlook, By Thermal Gel (2022-2030) ($MN)
5 Global Advanced Thermal Management Materials Market Outlook, By Thermal Resin (2022-2030) ($MN)
6 Global Advanced Thermal Management Materials Market Outlook, By Graphite (2022-2030) ($MN)
7 Global Advanced Thermal Management Materials Market Outlook, By Other Types (2022-2030) ($MN)
8 Global Advanced Thermal Management Materials Market Outlook, By Material Type (2022-2030) ($MN)
9 Global Advanced Thermal Management Materials Market Outlook, By Thermal Interface Materials (TIMs) (2022-2030) ($MN)
10 Global Advanced Thermal Management Materials Market Outlook, By Phase Change Materials (PCMs) (2022-2030) ($MN)
11 Global Advanced Thermal Management Materials Market Outlook, By Thermal Conductive Materials (2022-2030) ($MN)
12 Global Advanced Thermal Management Materials Market Outlook, By Thermal Insulating Materials (2022-2030) ($MN)
13 Global Advanced Thermal Management Materials Market Outlook, By Other Material Types (2022-2030) ($MN)
14 Global Advanced Thermal Management Materials Market Outlook, By Device Type (2022-2030) ($MN)
15 Global Advanced Thermal Management Materials Market Outlook, By Conduction Cooling Devices (2022-2030) ($MN)
16 Global Advanced Thermal Management Materials Market Outlook, By Convection Cooling Devices (2022-2030) ($MN)
17 Global Advanced Thermal Management Materials Market Outlook, By Advanced Cooling Devices (2022-2030) ($MN)
18 Global Advanced Thermal Management Materials Market Outlook, By Other Device Types (2022-2030) ($MN)
19 Global Advanced Thermal Management Materials Market Outlook, By End User (2022-2030) ($MN)
20 Global Advanced Thermal Management Materials Market Outlook, By Consumer Electronics (2022-2030) ($MN)
21 Global Advanced Thermal Management Materials Market Outlook, By Automotive (2022-2030) ($MN)
22 Global Advanced Thermal Management Materials Market Outlook, By Data Centres (2022-2030) ($MN)
23 Global Advanced Thermal Management Materials Market Outlook, By Aerospace (2022-2030) ($MN)
24 Global Advanced Thermal Management Materials Market Outlook, By Industrial (2022-2030) ($MN)
25 Global Advanced Thermal Management Materials Market Outlook, By Healthcare (2022-2030) ($MN)
26 Global Advanced Thermal Management Materials Market Outlook, By Telecom/Datacom (2022-2030) ($MN)
27 Global Advanced Thermal Management Materials Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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