The global phase change thermal interface materials (PCTIM) market is driven by the growing consumer electronics industry. PCTIM is a class of material that remains solid at room temperature and changes to liquid form, when its temperature start increasing. PCTIMs are mixture of fine particle ceramic fillers for thermal enhancement, organic fillers, and supporting substrate.
The major driving factor for the PCTIM market is high demand from the consumer electronics industry due to the need for dissipating large amounts of heat from the semiconductor device junction to ambient surroundings. Another important driver for this market is demand from the graphics hardware industry, where thermal interface materials are used for heat dissipation in graphics processing unit, thus, providing a cost-effective method that allows the flexibility to reduce overall size of the package. The market is further boosted by the growing use in LED cooling where recent advancement in LED technology has produced products with much higher power and brightness, creating the need for effective thermal management. The PCTIM market is segmented by end-user industry into computers, electrical & electronics, telecom, automotive and others (construction, textile, etc.). The computers segment holds the highest market share among other segments due to the development of high-powered pentium processor (which generates considerable amount of heat and needs to minimize the overall heat of the component).
The market has scope for opportunities due to the use of PCTIM as a substitute to thermal greases in various end-user industries, like automotive, electronics, industrial, telecom, computers, consumer durables and medical devices. Reduced demand from Japan due to the declining electronics industry and availability of substitutes like non-silicone thermal interface material are posing serious threats to the PCTIM market.
Areas with Scope for the PCTIM Market
Asia-Pacific, followed by North America, registered the largest share in the PCTIM market, due to the high demand from the electronics, computers and construction sector in the region. In North America, PCTIMs are used in the infrastructure sector, particularly in green buildings that include smart features to ensure energy efficiency and in the electronics sector due to excellent thermal insulation properties of PCTIMs.
Source: Mordor Intelligence Analysis
Notable Developments in the Market
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