Liquid Thermal Interface Materials Market Likely to Inflict Positive Growth Trend during 2018-2028

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The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global liquid thermal interface materials market during the period until 2028. This assessment delivers high-end statistics concerning market size, Y-o-Y growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the liquid thermal interface materials market during the forecast period.

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The liquid thermal interface materials market is highly fragmented, with a significant presence of unorganized players. In addition to unorganized players, the regional players also account for a significant market share.

Players in the liquid thermal interface materials market are focusing on investments in collaborative research & development and new product launches to consolidate their position in the market. Some of the recent notable developments in the liquid thermal interface materials market include:

  • To capitalize on the growing demand for lithium-ion battery thermal management, Lord Corporation launched new liquid gap fillers to be used in combination with gap pads specifically for electric vehicle batteries which offer improved thermal pathways for heat dissipation in lithium-ion batteries.
  • With innovative liquid thermal interface materials finding extensive consumer base, Henkel, a leading player in the liquid thermal interface materials market launched a cure-in-place liquid gap filler which offers an array of benefits in high-volume and high-value assemblies. Additionally, the cure-in-place liquid thermal interface forms a peelable layer that could be taken off without the need of force protecting the sensitive components of electric circuits.
  • In line with the growing innovation in the thermal interface product manufacturing, WACKER and Fuji Polymer Industries announced collaboration for production of innovative silicon-based thermal interface materials for electronic devices and batteries of electronic vehicles.
  • To overcome the problem of lack of optimal contact in thermal interface materials, researchers have developed a liquid thermal interface material which uses copper and nano particles for efficient thermal conduction.
  • Another research discovered that the combination of thin aluminum foil coated with a non-silicone compound could replace thermal grease as an efficient thermal interface.

Other players profiled in the report include 3M, Indium Corporation, DowDuPont, Laird Technology, Boyd Corporation, Shin-Etsu Chemical Ltd., Parker Hannifin Corp, and Marian Inc.

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Liquid thermal interface materials are finding increasing utilization in consumer electronics, communication devices, and computers as the demand for high-power and high-performance circuitry in devices such as smartphones, tablets, and laptops continues to rise. Consequently, systems such as flip-chip BGA form factor packages have been developed to cater to the growing demands for high-performance and high-functioning microprocessors and ASICs. Liquid thermal interface material is gradually being integrated into microprocessors for providing the medium for efficient dissipation of heat produced while processing and functioning. Additionally, liquid thermal interface materials comply with the mechanical and size constraints in compact electronic systems which is further driving their adoption in the industry.

Liquid metals are gradually gaining traction in thermal management systems owing to their prolific heat extraction and conducting capabilities which offer higher efficiency than conventional coolants in use. With liquid metals offering better thermal management capabilities, numerous researches are working towards developing new thermal interfaces which leverage liquid metal capabilities to improve the system’s thermal conductivity. For instance, recent research which tested silver-filled thermal adhesives concluded the liquid metal thermal interface offers a reliable heat dissipation solution for high-performance electronics owing to its low thermal resistance and high conduction properties. Additionally, researchers studying the development of nano-liquid metals are likely to open new avenues for liquid thermal interface material manufacturers with the substance offering bright prospects for enhancing the thermal performance of existing thermal interface materials. Nano-liquid metals can potentially be incorporated into the existing thermal management systems to provide improved thermal pathways for heat dissipation. Study of using gallium-based liquid metals in thermal management is further expected to aid in liquid thermal interface materials market growth with the substance providing the required thermal conductivity in addition to it having lower melting point and viscosity.

Adoption in Electric Vehicles (EV) Creating New Opportunities

Electric vehicles are finding widespread adoption across the world as regulatory authorities continue to promote the eco-friendly alternative over their fossil fuel-powered counterparts. Demand for lithium-ion batteries to power electric vehicles continues to rise owing to its high energy density. However, large scale adoption of lithium-ion batteries is restrained due to the absence of efficient thermal management systems for dissipating the heat that is produced during charging or discharging of the vehicle which can consequently result in accidents and reduce the life of the battery. Liquid thermal interface materials present a promising prospect for devising a thermal runaway to overcome the problem of overheating. Numerous researches have concluded liquid thermal interface materials to be more effective over their solid counterparts prompting manufacturers in the liquid thermal interface materials marketto focus on production of materials that could effectively provide the thermal management system for lithium-ion batteries. Additionally, lithium-ion batteries are being utilized in smartphones to meet the consumer demand for longer battery life. Liquid thermal interface materials market is likely to bolster as lithium-ion batteries find widespread utilization across an assortment of electric devices.

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