Market Size of Phase Change Thermal Interface Materials Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 11.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Phase Change Thermal Interface Material Market Analysis
The phase change thermal interface materials market is expected to register a CAGR of more than11% during the forecast period. Major factors driving the market studied are the growing consumer electronics industry, high cost of surface finishing, augmented the functionality of electronic devices, and increasing demand from the gaming module industry. However, the reduction in the size of mobile handsets and the development of non-silicone substitutes are expected to hinder market growth.
- The computer application segment dominated the marketand is expected to grow during the forecast period, owing to the rapid internet penetration in the developing countries.
- Replacement of thermal greases is likely to act as an opportunity in the future.
- Asia-Pacific dominated the global market, with the largest consumption from the countries, such as China, and Japan.
