Thermal Paste Market Size, Share and Industry Analysis with Trends, Forecasts 2019-2025
Thermal Paste Market Size, Share and Industry Analysis by product type (ceramic-based, metal-based, carbon-based and liquid-metal based), By Applications (automotive electronics, lighting, telecommunication & it, power electronics, and others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), Competitive Market Share & Forecast, 2019 - 2025
The global thermal paste market is expected to reach USD xxx million by 2025 from USD xxx million in 2018, at a CAGR of xx% during the forecast period. Global Thermal Paste Market report covers market size, market share and market forecast by product types, applications, regions, and key players, with historical data along with forecast from 2019 to 2025. The report covers an in depth description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis, revenue, sales and Porter's Five Forces Analysis.
Thermal Paste Market Outlook:
Thermal paste, also called as thermal grease or thermal compound, is a chemical substance that is used as a heat transfer agent to promote better heat conduction between two surfaces. It is commonly used on a central processing unit’s heat spreader or IHS (Integrated Heat Spreader), between a microprocessor and a heatsink. With the help of the thermal paste, it is possible to get up to 10° lower temperature depending on the quality of the thermal compound and the components of the computer. Even though some heatsink or coolers may seem to perfectly fit onto the processor, thermal paste is still needed to fill the microscopic space in-between which in turn helps improve the overall cooling and performance.
There are two types of thermal pastes namely, conductive and non-conductive that are largely produced in the thermal paste market. The conductive thermal paste includes silver, copper, and aluminum-based greases. These greases are considered superior, but are recommended to be used carefully as they can cause electrical shorts if applied to the microprocessor's pins or the electrical pathways on the circuit board. On the other hand, the non-conductive thermal paste includes silicone and zinc thermal greases. The silicon based thermal pastes are already pre-applied to the thermal pads which can be placed between the heatsink and the processor. These pastes are very easy to use but not nearly as effective as the other pastes. Thermal paste usually comes in a syringe, a tube, or a small plastic sachet. It easy handling and easy application helps in increased adoption and thus, increases the thermal paste market size on global level.
Thermal Paste Market Trends and Advancements:
Globally, rapid development of faster, cheaper, and more dominant computing has resulted in some of the most important technological and societal advances in developing industry. However, the physical means linked with improving the computing capabilities have also generated some challenging conditions for keeping electronic devices cool. Every modern electronic set-up produces heat as a byproduct and it is inherently unavoidable. Furthermore, technological advancements in the electronic industry have made it possible to use complex internal components for running complicated systems. These systems are built in a way to be high-performance and to facilitate the need of the type of technology being used. This increases the amount of heat output produced by modern central processing units (CPUs), graphics processing units (GPUs), and hard disk drive (HDDs). Hence, the use of thermal paste is essential when it comes to maintaining the devices and systems being used. This ultimately increases the production and drives the growth of thermal paste industry across the globe.
Currently, different kinds of thermal pastes such as ceramic-based, metal-based, carbon-based and liquid-metal based thermal pastes are used by individuals across the globe. Ceramic based thermal paste is most commonly used and holds the maximum market share in the global thermal paste market. Ceramic-based thermal pastes are widely used because of their good thermal conductivity and low cost. These materials consist of ceramic powder suspended in a liquid or gelatinous silicone compound. Most commonly used ceramics are beryllium oxide, zinc oxide, aluminum nitride, aluminium oxide, and silicon dioxide. However, metal based thermal paste is expected to be most efficient as it includes metal particles to increase the heat conductivity of the grease. Based on its advantages metal based thermal paste is expected to experience a high demand in coming few years however their high manufacturing cost might affect the adoption during the forecast period.
Thermal Paste Market Drivers and Restraints:
Global thermal paste market is experiencing a significant growth based on factors such as increasing demand for miniaturization of electronic devices, and various advantages provided by these products. One of the prominent advantages of thermal paste is their relative lower cost compared to other thermal interface materials (TIMs). Additionally, its ability to ?ll up interstitial gaps properly with less pressure is also beneficial is many ways. However, thermal paste is vulnerable to pump-out and dry-out effects when exposed to thermal and power cycle. This results in increase in thermal resistance and prove disadvantageous. Thus, can have a negative impact on the market growth. Moreover, some of its physical properties might also limit its usage and affect the growth of this market during the forecast period.
Thermal Paste Market Segmentation and Geographic Outlook:
The thermal paste market is segmented on the basis of type, application, and geography. On the basis of type, the market is segmented into ceramic-based, metal-based, carbon-based and liquid-metal based. The application segment is divided into automotive electronics, lighting, telecommunication & it, power electronics, and others. Geographic breakdown and deep analysis of each of the segments mentioned above is included for North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to dominate the market by holding maximum market share of the global thermal paste market. However, Asia-Pacific is expected to experience a fastest growth during the forecast period. Increasing demand for thermal paste in the end use industries in emerging nations such as China and India are primarily driving the growth of thermal paste market in this region.
Thermal Paste Market Competitive Landscape:
In recent years, technological developments have propelled companies to rigorously conduct research studies to improvise their product line. This has enabled the companies to develop and launch new products in the market to create a competitive atmosphere in the industry. For instance, in January 2019 Corsair launched its first own-branded thermal paste solution, The TM30. Some of the market leaders in the thermal paste market also focus on product enhancement and strategic collaborations to develop their market position. For instance, in January 2019 Noctua launched its new NT-H2 thermal compound as well a new cleaning solution with the NA-SCW1 cleaning wipes. This product was developed to improve upon the NT-H1 thermal paste with a new chemical structure and zerocuring time. Such developments enable the companies to enhance their product offerings and gain a competitive advantage over other player in the thermal paste market.
A comprehensive and competitive analysis of market leaders is provided in this report. Some of the major players operating in the global thermal paste market include 3M, I.M Technology Co.?, Shin-Etsu, MG Chemicals, Boyd Corporation, Parker-Hannifin Corporation, LORD Corporation, Dow Corning Corporation, ACC Silicones Ltd.
What you get from the Thermal Paste Market Research Report:
- The study provides an in-depth analysis of the thermal paste market with current and future trends to explain the imminent investment pockets in the market
- Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market
- The report provides information regarding key drivers, restraints and opportunities with impact analysis
- Quantitative analysis of the current market and estimations through 2018-2025 are provided to showcase the financial caliber of the market
- Porters Five Forces model and SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the market
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain
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