Global Thermally Conductive Adhesives Market, 2014-2024: By Type (Silicones, Epoxies, Polyurethanes, and Acrylics), and By Application (Battery Thermal, Heat Sink, IC Packaging Heat Conduction, LED Lighting Thermal, and Others)
Thermally conductive adhesives are special adhesive which offer superior heat dissipation for a wide range of electronic applications. These high thermal conductive adhesive protect the electronics components from failure by reducing the thermal strain. These adhesive are available in pad, liquid and laminate mediums and allow reliable, long-lasting connection and effective heat dissipation. These adhesive are often applied between heat generating electronic components and cooling devices such as heat sinks. Thermally conductive adhesives offer convenient room temperature or heat cure schedules in controlled production environment.
Thermally conductive adhesives can be categories based on material into silicones, epoxies, polyurethanes, and acrylics. Epoxy based adhesives are fast curing and easy to handle. It has high adhesive strength, good surface wet out, low viscosity for potting applications and good gap filling in electronic appliances. It is widely used in for bonding, potting and encapsulation applications in a wide variety of industries. Thermally conductive adhesives can be used for both industrial and consumer applications included, automotive electronics, semiconductor electronics, aerospace, home appliances, and medical instruments. It is used in battery thermal, heat sink, IC packaging heat conduction, LED lighting thermal, and thermal material potting. Thermally conductive adhesives are also used as encapsulation compound for temperature sensors for enclosures or reactors.
The global thermally conductive adhesives research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global thermally conductive adhesives market is growing at a fast pace and increasing its geographical footprint rapidly. The global thermally conductive adhesives market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in APAC region due to rising demand from end use industry. The major growth driver for thermally conductive adhesives market is rising manufacturing of semiconductor electronics products. Also, rising demand of consumer electronics devices, PV solar panels, touch panel screens, and LED is expected to drive the growth of thermally conductive adhesives globally. In addition, rising demand from automotive industry is propelling the growth of thermally conductive adhesives market globally.
The raw material price volatility is the major impediments to the expansion of global thermally conductive adhesives market.
Thermally conductive adhesives enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and South America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of thermally conductive adhesives market globally. The companies that lead global market are, Henkel, H.B. Fuller, 3M Company, Panacol-Elosol, Dow Corning, Polytec-PT, Permabond Engineering Adhesives, Masterbond, Creative Materials, Resin Lab, Lord Corporation, MG Chemicals, Protavic America, Aremco, Cast-Coat, Nagase America, and AI Technology
The research process includes the market segmentation of the global thermally conductive adhesives market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global thermally conductive adhesives market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below: