According to a market report by Lucintel, the future of the global thermal conductor paste market looks promising with opportunities in the automotive & transportation, LED, electronic & home appliance, and telecommunication markets. The global thermal conductor paste market is expected to reach an estimated $231.2 million by 2030 from $175.5 billion in 2024, at a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are rising demand for electronic devices, miniaturization and higher power density, and growth of high-performance computing.
A more than 150-page report to understand trends, opportunity and forecast in thermal conductor paste market to 2030 by type (silicone based and non-silicone based), application (automotive & transportation, LED, electronics & home appliances, telecommunications, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that silicone based is expected to witness the higher growth over the forecast period due to its increasing adoption in renewable energy systems and consumer electronic devices.
Within this market, automotive & transportation is expected to witness the highest growth due to growing demand of electric vehicles and increasing focus of automotive OEMs in making vehicle lightweight.
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APAC is expected to witness highest growth over the forecast period due to rapid growth of electronics manufacturing and rising automotive and consumer electronics demand in this region.
Henkel, Shin-Etsu Chemical, Parker Hannifin, 3M, Dow, Cooler Master, CHT Group, Denka Company, Momentive, RS Components are the major suppliers in the thermal conductor paste market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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