Global Thermal Interface Pads & Materials Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027 at a CAGR of XX% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Growing demand for effective thermal management for apparatus in computer and telecom engineering along with their adoption in designing LED displays is an important factor driving the growth of the market. The demand for energy efficient devices which can reduce the energy loss foster the growth of thermal interface pads and materials market. On the other hand, high cost of devices equipped with thermal interface pads and materials is a main restraining factor for the growth of market. Many stability issues related to thermal interface material in the process of downsizing is a key market challenge. Most the market growth in the coming years is estimated to be driven by demand from thermal interface pads & materials across emerging economies.
