PUBLISHER: Inkwood Research | PRODUCT CODE: 1364659
PUBLISHER: Inkwood Research | PRODUCT CODE: 1364659
The Asia-Pacific thermal interface materials market is expected to grow at a CAGR of 10.23% during the forecast period 2023-2032. Government initiatives in various countries, such as India's digital gaming research initiative and Thailand's industrial development projects, support sectors that require thermal interface materials.
China, Japan, India, South Korea, Indonesia, Thailand, Malaysia, the Philippines, Singapore, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific are evaluated in order to predict the growth of the Asia-Pacific thermal interface market. Aside from the expansive automotive industry, there is growth in the gaming industry in India, where the utilization of thermal interface materials is substantial. Thermal interface materials find applications in the gaming sector to efficiently dissipate heat from high-performance components, including CPUs and GPUs. The Indian gaming market has experienced substantial growth in recent years, positioning itself as one of the largest in the world.
The electronics industry stands as a significant contributor to the thermal interface materials market in Indonesia. The escalating demand for laptops, smartphones, and various electronic devices is a driving force behind the increasing need for thermal interface materials in this sector. Furthermore, the automotive industry serves as a key catalyst for the thermal interface materials market in the country, supported by the growing availability of high-quality thermal interface materials from both domestic and international manufacturers. The Indonesian government is also incentivizing the electronics and automotive industries, providing additional impetus to the market within the country.
Some of the leading companies in the market are: Shin-Etsu Chemical Co Ltd, Indium Corporation, etc.