According to the research literature titled ‘Electronic Thermal Management Materials Market Size By Product, By End-user Industry (Consumer Electronics, Automotive, Aerospace, Healthcare, Telecom), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026’, available with Market Study Report, global electronic thermal management market size is anticipated to hit USD 8.7 billion by the end of the forecast period 2019-2026.
 

Escalating demand for consumer electronics, rising sales of automobile, and expansion of telecom industry are the key factors driving global electronic thermal management growth. However, miniaturization in electronics and automotive industries along with high product cost may hamper the industry growth in the upcoming years.
 

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Based on product type, phase change materials (PCM) materials are expected to experience significant demand in the upcoming years, creditable to widespread use of paraffin PCMs in a variety of automotive and consumer electronics application owing to favorable characteristics like high latent heat.
 

Gap fillers segment accounted for over 20% of global electronic thermal management materials market share in 2018, in terms of revenue. Extensive product application in phones, remotes, routers, microwave, and various consumer electronics is fostering the segmental growth.
 

Considering the geographical landscape, North America, Latin America, Middle East & Africa, Europe, and Asia Pacific are the key contributors to the overall electronic thermal management materials market remuneration.
 

Expert analysts cite that Asia Pacific market is projected to record strong gains during the forecast period. Rapid growth of automotive, consumer electronics, and telecommunication industries in China, India, Japan, and South Korea, along with rising purchasing power of the populace are supporting the regional market growth.
 

Speaking of the competitive landscape, leading players in global electronic thermal management materials market sphere are increasingly undertaking various organic and inorganic growth strategies to improve their stance. For instance, Lord Corp. leans more on collaboration strategies to accelerate and scale production, whereas European Thermodynamics Ltd. aims to obtain supply agreements for better product availability.
 

Dr Dietrich Mueller Gmbh, Wacker Chemie AG, Darcoid Rubber Co., Marian Inc., DuPont de Nemours Inc., 3M Company, Amerasia International Technology Inc., Chomerics Inc., Henkel AG & Co. KGaA, Laird plc, Boyd Corp., and Honeywell International Inc. are the other key players covered in the research piece.