Thermal Interface Materials Market Share, Demand, Applications and Opportunities woth Growth Rate 11.0% during 2020 to 2027
Thermal Interface Materials Industry Overview The global thermal interface materials market size was valued at USD 1.8 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.0% from 2020 to 2027. Growing consumer reliance on electronic items like smartphones, tablets, the advent of the automotive industry in developing economies, and the growing affluence of the middle-class population is expected to project a higher demand for the product among manufacturers across regions. Thermal interface materials are applied between two hard surfaces for conducting heat and find its usage at times of greater demand for modern electronic devices. Commercial availability of different thermal interface materials in an array of forms coupled with growing applications in the electronic industry is anticipated to increase the penetration over the coming years. In the U.S., there is an evident high demand for thermal interface material in the telecom indust...