Market Overview:
The global thermal paste market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for miniaturized and energy-efficient electronic devices, rising adoption of advanced cooling technologies, and growing awareness about thermal management solutions among consumers. Based on type, the global thermal paste market can be segmented into silicon-based and silicon-free thermal pastes. Silicon-based thermal pastes are more popular than silicon-free ones owing to their superior performance in terms of heat dissipation. However, silicon-free Thermal pastes are gaining traction due their environmental friendliness and low cost. On the basis of application, the global Thermal Paste Market can be divided into air based heat sinks, water coolers, and other applications such as electronics cooling pads/vests/covers etc. Air based heat sinks currently account for a major share of the overall Thermal Paste Market due to their high adoption rates in desktop PCs and laptops.
Product Definition:
Thermal paste, also called thermal grease or heat sink compound, is a viscous material made of silicon dioxide, metal oxides, organic polymers and ceramic powder that is used to improve the heat conduction between electronic components and their heat sinks. Thermal paste can fill air gaps between the two surfaces and improve the contact area.
Silicon Based:
Silicon-based thermal paste is widely used in the manufacturing of heat sinks and heat spreaders. It offers several advantages over conventional materials such as copper, aluminum, and others. Silicon based products are cost effective, have a longer life span than other counterparts and provide better performance under high temperature conditions.
The silicon-based product segment accounted for a significant market share in 2015 owing to its widespread use across various applications including mobile phones & tablets PC industry servers industrial equipment etc.
Silicon Free:
Silicon free is a type of thermal paste that does not contain any silicon. It is also referred to as non-silicon based or organic thermal paste. Silicon based products are toxic and can damage the components if accidently ingested by the processor, therefore it has been banned in many countries across the globe including European Union, Japan, South Korea and Australia among others.
Application Insights:
The other application segment includes laptops, air based heat sinks and water coolers. The demand for the product in this application is expected to be driven by factors such as increasing use of the product in manufacturing electronic devices, growing electronics industry across the globe and technological advancements. For instance, according to a study published by ICT researchers at University College London (UCL), about 70% of an iPhone¢â‚¬â„¢s weight is comprised of metals and minerals which are sourced from around the world. As a result, global thermal paste market will have significant growth potential across various end-use industries including automotive & transportation and medical equipment & appliances over next few years owing to its rising usage in these applications.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-users of electronic products such as smartphones and laptops, which require high thermal capacity. Moreover, rapid industrialization across countries such as China and India are also driving the overall market growth in APAC.
The Europe regional market is projected to grow at a significant rate over the forecast period owing to rising product demand from automobile industry on account of stringent emission norms implemented by regulatory bodies like U.S EPA (Environmental Protection Agency) & EU6 (Emissions Trading System).
Growth Factors:
- Increasing demand for thermal paste from the electronics industry as a result of the growing trend of miniaturization and increased use of semiconductor devices in various applications
- Rising demand for thermal paste from the automotive sector due to increasing adoption of advanced technologies in vehicles
- Growing popularity of gaming laptops and desktops, which leads to an increase in demand for high-performance thermal pastes
- Proliferation of DIY (Do It Yourself) culture among consumers, leading to an increase in the installation rate of thermal paste
- Technological advancements that lead to new and improved formulations of thermal pastes, providing better performance and reliability
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Paste Market Research Report
By Type
Silicon Based, Silicon Free
By Application
Air Based Heat Sinks, Water Coolers, Other
By Companies
3M, I.M Technology Co.?, Shin-Etsu, MG Chemicals, Boyd Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Paste Market Report Segments:
The global Thermal Paste market is segmented on the basis of:
Types
Silicon Based, Silicon Free
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Air Based Heat Sinks, Water Coolers, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M
- I.M Technology Co.?
- Shin-Etsu
- MG Chemicals
- Boyd Corporation
Highlights of The Thermal Paste Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Silicon Based
- Silicon Free
- By Application:
- Air Based Heat Sinks
- Water Coolers
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermal Paste Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermal paste is a type of thermal compound that is used to improve the thermal conductivity of a surface. It is often used in computer cases and other electronic equipment to help reduce the amount of heat that is lost through the case or device.
Some of the major companies in the thermal paste market are 3M, I.M Technology Co.?, Shin-Etsu, MG Chemicals, Boyd Corporation.
The thermal paste market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermal Paste Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermal Paste Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermal Paste Market - Supply Chain
4.5. Global Thermal Paste Market Forecast
4.5.1. Thermal Paste Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermal Paste Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermal Paste Market Absolute $ Opportunity
5. Global Thermal Paste Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermal Paste Market Size and Volume Forecast by Type
5.3.1. Silicon Based
5.3.2. Silicon Free
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermal Paste Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermal Paste Market Size and Volume Forecast by Application
6.3.1. Air Based Heat Sinks
6.3.2. Water Coolers
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermal Paste Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermal Paste Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermal Paste Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermal Paste Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermal Paste Demand Share Forecast, 2019-2026
9. North America Thermal Paste Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermal Paste Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermal Paste Market Size and Volume Forecast by Application
9.4.1. Air Based Heat Sinks
9.4.2. Water Coolers
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermal Paste Market Size and Volume Forecast by Type
9.7.1. Silicon Based
9.7.2. Silicon Free
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermal Paste Demand Share Forecast, 2019-2026
10. Latin America Thermal Paste Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermal Paste Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermal Paste Market Size and Volume Forecast by Application
10.4.1. Air Based Heat Sinks
10.4.2. Water Coolers
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermal Paste Market Size and Volume Forecast by Type
10.7.1. Silicon Based
10.7.2. Silicon Free
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermal Paste Demand Share Forecast, 2019-2026
11. Europe Thermal Paste Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermal Paste Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermal Paste Market Size and Volume Forecast by Application
11.4.1. Air Based Heat Sinks
11.4.2. Water Coolers
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermal Paste Market Size and Volume Forecast by Type
11.7.1. Silicon Based
11.7.2. Silicon Free
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermal Paste Demand Share, 2019-2026
12. Asia Pacific Thermal Paste Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermal Paste Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermal Paste Market Size and Volume Forecast by Application
12.4.1. Air Based Heat Sinks
12.4.2. Water Coolers
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermal Paste Market Size and Volume Forecast by Type
12.7.1. Silicon Based
12.7.2. Silicon Free
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermal Paste Demand Share, 2019-2026
13. Middle East & Africa Thermal Paste Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermal Paste Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermal Paste Market Size and Volume Forecast by Application
13.4.1. Air Based Heat Sinks
13.4.2. Water Coolers
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermal Paste Market Size and Volume Forecast by Type
13.7.1. Silicon Based
13.7.2. Silicon Free
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermal Paste Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermal Paste Market: Market Share Analysis
14.2. Thermal Paste Distributors and Customers
14.3. Thermal Paste Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3M
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. I.M Technology Co.?
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Shin-Etsu
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MG Chemicals
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Boyd Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
