The global thermal conductive sheet market, valued at USD 1.26 billion in 2023, is projected to grow at a CAGR of 5.4% and reach USD 2.13 billion by 2033.
The term 'thermal conductive sheet' refers to a thin film that forms the thermal interface material. Thermally conductive powder is mixed with silicone resin, which has good heat resistance and electrical insulating capabilities, to make the product. A material's capacity to conduct heat is determined by its thermal conductivity. High thermal conductivity materials may efficiently move heat and easily absorb heat from their surroundings. The ability of a material to conduct or transport heat is referred to as "thermal conductivity".
Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=8559
With the rising demand for high-performance electronic devices, the need for efficient thermal management solutions has become crucial. Thermal conductive sheets are used to dissipate heat generated by electronic devices, preventing overheating and improving their performance. Electric and hybrid vehicles require effective thermal management systems to ensure the safe and efficient operation of their battery systems. Thermal conductive sheets are used to dissipate the heat generated by these batteries, preventing overheating and ensuring their longevity.
Key Takeaways from Market Study
The global thermal conductive sheet market was valued at USD 1.26 billion in 2023 and is poised for steady growth over the next decade. Driven by rising demand across electronics, automotive, and industrial applications, the market is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2033. This growth trajectory is anticipated to bring the market’s total value to approximately USD 2.13 billion by the end of the forecast period. Thermal conductive sheets are becoming increasingly critical in managing heat dissipation in compact and high-performance electronic devices, further fueling demand across various sectors.
Among application segments, the automotive industry is projected to witness particularly strong growth, with a CAGR of 5.6% during the forecast period, as electric vehicles (EVs) and advanced driver-assistance systems (ADAS) continue to drive thermal management needs. Regionally, the United States is expected to see a CAGR of 5.1%, reflecting robust technological advancements and high adoption rates in consumer electronics and automotive systems. As industries focus more on improving device reliability and performance, the demand for thermal conductive sheets is likely to rise, making them an essential component in the global thermal management ecosystem.
Key Companies Profiled in This Report:
- Dexerials
- 3M
- Shin-Etsu Chemical
- Toyochem
- Hitachi Chemicals
- Kaneka
- Risho Kogyo
- DENKA
- SEKISUI POLYMATECH
- Henkel
Market Competition
Companies manufacturing thermal conductive sheets are continuously investing in research and development activities to develop innovative and advanced products as well as improve their manufacturing processes.
The thermal conductive sheet market is characterized by the presence of several small- and medium-sized players, which compete with the larger companies by offering low-cost products and focusing on niche applications. These players often specialize in the development and manufacture of custom thermal conductive sheet solutions, catering to the specific needs of their customers.
In 2021, Fujipoly America Corporation partnered with OnLogic to develop custom thermal management solutions for their computer hardware products.
In January 2022, Parker Hannifin Corporation recently acquired LORD Corporation, a manufacturer of thermal management solutions, to expand its portfolio of products and services.