As per this latest study by Fact.MR, a provider of market research and competitive intelligence, the global thermal conductive sheet market is expected to garner US$ 2131.6 million by 2033, increasing at a healthy CAGR of 5.4% during forecast period 2023 to 2033.
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The term ‘thermal conductive sheet’ refers to a thin film that forms the thermal interface material. Thermally conductive powder is mixed with silicone resin, which has good heat resistance and electrical insulating capabilities, to make the product. A material’s capacity to conduct heat is determined by its thermal conductivity. High thermal conductivity materials may efficiently move heat and easily absorb heat from their surroundings. The ability of a material to conduct or transport heat is referred to as “thermal conductivity”.
With the rising demand for high-performance electronic devices, the need for efficient thermal management solutions has become crucial. Thermal conductive sheets are used to dissipate heat generated by electronic devices, preventing overheating and improving their performance. Electric and hybrid vehicles require effective thermal management systems to ensure the safe and efficient operation of their battery systems. Thermal conductive sheets are used to dissipate the heat generated by these batteries, preventing overheating and ensuring their longevity.
Key Takeaways from Market Study
- The global thermal conductive sheet market is valued at US$ 1.26 billion in 2023.
- Worldwide demand for thermal conductive sheets is projected to increase at a CAGR of 5.4% from 2023 to 2033.
- The global market is estimated to touch US$ 2.13 billion by the end of 2033.
- Automotive application of thermal conductive sheets is projected to increase at 5.6% of CAGR during the forecast period.
- The market in the United States is forecasted to expand at a CAGR of 5.1%.
The market for thermal conductive sheets is anticipated to expand as a result of the rising need for thermal management solutions across numerous end-use sectors, says a Fact.MR analyst.
Thermal Conductive Adhesives Market Competition
Companies manufacturing thermal conductive sheets are continuously investing in research and development activities to develop innovative and advanced products as well as improve their manufacturing processes.
The thermal conductive sheet market is characterized by the presence of several small- and medium-sized players, which compete with the larger companies by offering low-cost products and focusing on niche applications. These players often specialize in the development and manufacture of custom thermal conductive sheet solutions, catering to the specific needs of their customers.
- In 2021, Fujipoly America Corporation partnered with OnLogic to develop custom thermal management solutions for their computer hardware products.
- In January 2022, Parker Hannifin Corporation recently acquired LORD Corporation, a manufacturer of thermal management solutions, to expand its portfolio of products and services.
Key Companies Profiled in This Market Report:
- Shin-Etsu Chemical
- Hitachi Chemicals
- Risho Kogyo
- SEKISUI POLYMATECH
Key Segments of Thermal Conductive Sheets Industry Research Report
- By Type :
- Carbon Fiber
- By Application :
- By Region :
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global thermal conductive sheet market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights into the market based on type (carbon fiber type, silicone type, acrylic type) and application (smartphones, PCs, automotive, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
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Original Source of the original story >> Thermal Conductive Sheet Market Is Predicted to Grow at 5.4% CAGR by 2033: Fact.MR