Regional Players Hold Sway
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:
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- 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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‘Compactness’ Feature Driving Adoption
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.
Development of Liquid Metal Thermal Interface Materials Imperative to Market Growth
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. In addition to this, gallium-based liquid metals have low melting points, are flexible and reformable owing to which the material is increasingly being used in bio-devices, flexible circuits, and self-healing superconductors.
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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 market to 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.
Sales of Liquid Thermal Interface Materials to Slacken as Manufacturers Venture into Liquid Cooling Systems Production
Liquid cooling systems or immersion cooling systems are gradually replacing thermal interface materials in an array of industries. While the liquid cooling system was traditionally used in data centers, innovations in the system are allowing the use of the system in electronic and automotive applications. The thermal management system offers an assortment of benefits such as temperature uniformity, better heat transfer, improved energy density in batteries, and fire suppression making it a lucrative technology for the automotive industry. Further, the system is being integrated into high-performance smartphones to prevent them from heating. The technology is also being used as a cooling mechanism in computers and laptops. Growing awareness about the benefits of the system in the automotive and electronics industry presents lucrative opportunities for thermal interface manufacturers who are slowly foraying into the production of liquid cooling systems to capitalize on the growing demand. For instance, 3M, a leader in the liquid thermal interface materials market recently showcased a unique computer which uses a liquid cooling system.
Liquid thermal interface materials are substances inserted between two components of devices to enhance their thermal coupling properties. The basic and most common use of thermal interface materials is to provide a medium for heat dissipation between the heat producing device and heat sink.
About the Report
The report on liquid thermal interface materials market provides detailed and actionable insights into the liquid thermal interface materials market. A list of all the factors influencing the growth of the liquid thermal interface materials market has been included in the report. Additionally, a qualitative, as well as quantitative assessment of each of the factors influencing the liquid thermal interface materials market, has been provided. Detailed analysis of the competitive landscape prevalent in the liquid thermal interface materials market has been included towards the end of the report.
The report on liquid thermal interface materials market segments the liquid thermal interface materials market on the basis of product type, application, and region.
On the basis of product type, the liquid thermal interface materials market can be segmented into thermal adhesive fluids, thermal greases, and thermal liquid metals.
Based on the application, the liquid thermal interface materials market can be segmented into computers, communication devices, medical devices, consumer electronics, automotive electronics, and others.
Additional Questions Answered:
Apart from the aforementioned insights about the liquid thermal interface materials market, the report answers the following vital questions about the liquid thermal interface materials market:
- Which region accounted for the bulk of the liquid thermal interface materials market share in 2018?
- What product type will be the most in demand in the liquid thermal interface materials market in 2019?
- Based on the application, what segment will hold a significant share of the liquid thermal interface materials market?
- What are the lucrative opportunities on offer in the liquid thermal interface materials market?
- What are the challenges that the liquid thermal interface materials market is facing?
The report on liquid thermal interface materials market is a consequence of an elaborate and robust research methodology. A two-step research process involving primary and secondary researches was employed to obtain valuable insights into the liquid thermal interface materials market. While primary research involved interviewing experts from the liquid thermal interface materials market, secondary research was conducted by thoroughly studying liquid thermal interface market trade journals, paid sources, and other publications related to the liquid thermal interface materials market. Results from both the steps were cross-referenced to produce an accurate forecast of the liquid thermal interface materials market.
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