The Electronic Thermal Management Materials Market is expected to grow at > 9.0% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Electronic Thermal Management Materials Market
Electronic Thermal Management Materials Market is likely to witness an impressive CAGR of 9.0% during the forecast period. Major factors such as globally increasing demand for consumer electronics and surge in penetration of electronics devices across various end-user industries, such as healthcare and automotive among others are expected to drive the growth of the market over the forecast period.
Asia-Pacific is estimated to be the leading region in the market owing to the presence of major electronics manufacturers in the region during the forecast period. Factors such as inspiring government schemes especially in India such as ‘Digital India’ and 100% FDI has led to an increase in growth of the electronics manufacturing sector, boosting the regional market during the forecast period. Moreover, presence of large manufacturing infrastructure along with growing demand for electronics is expected to fuel the electronic thermal management materials market growth over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Electronic Thermal Management Materials Market Share: By Product Type
Based on the product type, the market is segmented as conductive paste, conductive tapes, phase change materials, gap fillers, thermal grease, and others. Conductive paste held the largest share of the market in 2020. These pastes help to minimize the dependency on screws and clips for electronic devices, making the product lightweight which is the reason behind the shifting inclination of manufacturers towards conductive pastes.
Electronic Thermal Management Materials Market Share: By End-User Industry Type
Based on the end-user industry type, the market is segmented as consumer electronics, automotive, aerospace, healthcare, telecom, and others. Consumer electronics is projected to capture the largest share of the market during the forecast period owing to wide utilization of electronic thermal management materials in the consumer electronics sector as they offer effective thermal management and heat dissipation features. In addition, electronic thermal management materials are also used in the automotive and telecommunication sectors, thus fueling the market growth over the forecast period.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as Advanced Materials, Aerospace & Defense, Automotive & Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our market veterans make sure to have deep research about the topics so that the most useful and authentic insights can be delivered to the professionals.