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Thermal Paste Trends and Forecast
The future of the global thermal paste market looks promising with opportunities in the water cooler and air based heat sink markets. The global thermal paste market is expected to reach an estimated $5.1 billion by 2030 with a CAGR of 11.0% from 2024 to 2030. The major drivers for this market are increasing number of users of electronic devices, including tablets, smartphones, wearables, and others, heightened production of medicines and other medical supplies, and growing demand for thermal paste in telecommunication production.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Thermal Paste by Segment
The study includes a forecast for the global thermal paste by type, application, and region.
Thermal Paste Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Silicon Free
• Silicon Based
Thermal Paste Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Water Coolers
• Air Based Heat Sinks
• Other
Thermal Paste Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Thermal Paste Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thermal paste companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermal paste companies profiled in this report include-
• I.M Technology
• 3M
• Shin-Etsu
• MG Chemicals
• Boyd
• Arctic Silver
• Cooler Master
• Arctic Cooling
• Noctua
• Gelid Solutions
Thermal Paste Market Insights
Lucintel forecasts that silicon based will remain the larger segment over the forecast period because they have the ability to resist greater temperatures and silicone greases are widely employed in a variety of end-use industries, including LED lighting, power electronics, and automobiles.
APAC will remain the largest region over the forecast period due to the growing need for thermal paste in various end-use sectors such as automotive, electrical & electronics, energy & power, and telecommunications, particularly in China, India, and Japan.
Features of the Global Thermal Paste Market
Market Size Estimates: Thermal paste market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Thermal paste market size by type, application, and region in terms of value ($B).
Regional Analysis: Thermal paste market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the thermal paste market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermal paste market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the thermal paste market size?
Answer: The global thermal paste market is expected to reach an estimated $5.1 billion by 2030.
Q2. What is the growth forecast for thermal paste market?
Answer: The global thermal paste market is expected to grow with a CAGR of 11.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the thermal paste market?
Answer: The major drivers for this market are increasing number of users of electronic devices, including tablets, smartphones, wearables, and others, heightened production of medicines and other medical supplies, and growing demand for thermal paste in telecommunication production.
Q4. What are the major segments for thermal paste market?
Answer: The future of the global thermal paste market looks promising with opportunities in the water cooler and air based heat sink markets.
Q5. Who are the key thermal paste market companies?
Answer: Some of the key thermal paste companies are as follows:
• I.M Technology
• 3M
• Shin-Etsu
• MG Chemicals
• Boyd
• Arctic Silver
• Cooler Master
• Arctic Cooling
• Noctua
• Gelid Solutions
Q6. Which thermal paste market segment will be the largest in future?
Answer: Lucintel forecasts that silicon based will remain the larger segment over the forecast period because they have the ability to resist greater temperatures and silicone greases are widely employed in a variety of end-use industries, including LED lighting, power electronics, and automobiles.
Q7. In thermal paste market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the growing need for thermal paste in various end-use sectors such as automotive, electrical & electronics, energy & power, and telecommunications, particularly in China, India, and Japan.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the thermal paste market by type (silicon free and silicon based), application (water coolers, air based heat sinks, and other), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Thermal Paste Market, Thermal Paste Market Size, Thermal Paste Market Growth, Thermal Paste Market Analysis, Thermal Paste Market Report, Thermal Paste Market Share, Thermal Paste Market Trends, Thermal Paste Market Forecast, Thermal Paste Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Thermal Paste Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Thermal Paste Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Thermal Paste Market by Type
3.3.1: Silicon Free
3.3.2: Silicon Based
3.4: Global Thermal Paste Market by Application
3.4.1: Water Coolers
3.4.2: Air Based Heat Sinks
3.4.3: Other
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Thermal Paste Market by Region
4.2: North American Thermal Paste Market
4.2.2: North American Thermal Paste Market by Application: Water Coolers, Air Based Heat Sinks, and Other
4.3: European Thermal Paste Market
4.3.1: European Thermal Paste Market by Type: Silicon Free and Silicon Based
4.3.2: European Thermal Paste Market by Application: Water Coolers, Air Based Heat Sinks, and Other
4.4: APAC Thermal Paste Market
4.4.1: APAC Thermal Paste Market by Type: Silicon Free and Silicon Based
4.4.2: APAC Thermal Paste Market by Application: Water Coolers, Air Based Heat Sinks, and Other
4.5: ROW Thermal Paste Market
4.5.1: ROW Thermal Paste Market by Type: Silicon Free and Silicon Based
4.5.2: ROW Thermal Paste Market by Application: Water Coolers, Air Based Heat Sinks, and Other
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Thermal Paste Market by Type
6.1.2: Growth Opportunities for the Global Thermal Paste Market by Application
6.1.3: Growth Opportunities for the Global Thermal Paste Market by Region
6.2: Emerging Trends in the Global Thermal Paste Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Thermal Paste Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Thermal Paste Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: I.M Technology
7.2: 3M
7.3: Shin-Etsu
7.4: MG Chemicals
7.5: Boyd
7.6: Arctic Silver
7.7: Cooler Master
7.8: Arctic Cooling
7.9: Noctua
7.10: Gelid Solutions
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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