Global market value of Thermal Interface Materials to reach US$426 mln in 2011

Worldwide market value of thermal interface materials will be US$426 mln in 2011 and is estimated to reach US$627 mln by 2016 at a compound annual growth rate (CAGR) of 8% over the five-year period, as per BCC Research. The report has divided the worldwide thermal interface materials market into three sectors such as polymer-based materials, metallic or metal-based materials and phase-change materials. The polymer-based materials are the largest of the three segments and their estimated value in 2011is US$373 mln. By 2016, the value would reach US$549 mln at a CAGR of 8.1%. The market value of the metallic-based materials is expected to reach US$39.5 mln in 2011 and would grow to US$53.8 mln by 2016 at a CAGR of 6.4%. The phase-change materials are the smallest of the three sectors and their projected market value in 2011 is US$13.4 mln. At a CAGR of 12.1%, the value should grow to US$23.7 mln by 2016. Two major technological advancements are the main growth factors for thermal-based materials in the coming five years. The miniaturization of every unit and enhanced capability on a single-device unit are driving the demand for thermal-based materials. Military/industrial equipment and computers were the major consumers of the thermal interface materials in 2010. According to the report, these two end-use sectors would be overtaken by three other sectors such as office/medical equipment, consumer goods and automotive.
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