The global thermal gap filler market is anticipated to grow at a significant CAGR during the forecast period. Thermal gap filler is a compressible, soft material made up of two parts silicone that may be dispensed straight from the package with little to no process preparation. It’s an excellent choice for automated dispensing with typical metre mix equipment. Thermally gap filler has excellent thixotropic qualities, which make it easy to apply, avoid slumping on vertical surfaces during assembly, and retain vertical stability even after extended usage.
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The increase in demand for electric vehicles to reduce pollution will increase the demand for the global thermal gap fillers market in the automotive sector. Electronic systems in electric vehicles include electronic control units (ECUs) and printed circuit boards (PCB). When these are used more frequently, they frequently release heat and heat-dissipating materials are required for such devices. Thermal conductive gap fillers are a superior option in the market. In the foreseeable future, this is expected to boost the market.
During the forecast, Asia Pacific is expected to dominate the global thermal gap filler market. The rise of the automobile sector in countries such as India, China, Japan, and Singapore, as well as major investment by top industry players to provide opportunities in the region. This will further boost the growth of the global thermal gap filler market.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Application
- Regions covered-
o North America
o Europe
o Asia Pacific
o Rest of the World
- Competitive Landscape- Dow Corning Corp., Henkel Ag & Co. Kgaa, 3M, Honeywell International Inc., Parker Hannifin Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Thermal Gap Filler Market by Segment
By Application
- Electronics
- Automotive
- Machinery
- Others
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