유럽의 전자기기용 열관리 재료 시장(2021-2031년) : 범위, 세분화, 동향, 경쟁 분석

The European electronic thermal management materials market was valued at approximately USD 614.91 million in 2023 and is projected to grow to USD 1,019.76 million by 2031, reflecting a compound annual growth rate (CAGR) of 6.5% during this period.

Growth Driven by Automotive Sector

The automotive industry, particularly the surge in electric vehicles (EVs), autonomous driving technologies, and sophisticated infotainment systems, is a key driver of demand for advanced electronic thermal management materials. As vehicles become more electrified and integrated with complex electronic systems, they generate significant heat due to high-density electronics. Effective thermal management is crucial for ensuring the reliability, performance, and safety of these systems. The increasing dependence on electronics in vehicles has made thermal management materials essential for maintaining optimal temperatures across various components, including batteries, sensors, onboard computers, and inverters.

Electric vehicles have transformed the automotive landscape, presenting new challenges in thermal management. EVs utilize large battery packs that store and supply energy to the vehicle's motor, generating considerable heat during operation. Elevated battery temperatures can lead to performance issues, reduced battery lifespan, and potential safety risks such as thermal runaway. According to the International Energy Agency, global electric car sales reached 13.9 million in 2022, up from over 10 million in 2021. Advanced thermal management materials, including thermal interface materials (TIMs), heat spreaders, and phase-change materials, are vital for regulating battery temperatures, ensuring they operate within safe limits, and enhancing overall vehicle efficiency and safety. The demand for fast-charging capabilities further necessitates thermal management solutions that can handle increased heat loads associated with rapid energy transfer.

Impact of Autonomous Driving Technologies

The rise of autonomous driving technology also significantly contributes to the demand for electronic thermal management materials in the automotive sector. Autonomous vehicles rely on a multitude of sensors, cameras, radar, and LiDAR systems to process large amounts of data in real-time. These components, along with the central computing systems that make driving decisions, produce substantial heat that must be effectively managed to maintain performance and prevent overheating. High-performance TIMs and thermal gas fillers are essential for these systems, ensuring reliable operation under various environmental conditions. For autonomous systems to function safely, thermal management materials must provide efficient heat dissipation while ensuring durability and reliability for prolonged use. Thus, the automotive industry's focus on EVs, autonomous technologies, and advanced onboard systems has created a robust demand for electronic thermal management materials, making them a foundational element of modern automotive innovation.

Overview of the European Market

Europe's automotive sector is increasingly pivotal in driving the demand for electronic thermal management materials, especially as the region shifts towards advanced manufacturing and electric vehicle production. The European Commission reports that Europe is among the largest motor vehicle manufacturers globally, with the automotive industry directly and indirectly employing around 13.8 million people, accounting for 6.1% of total employment in the European Union (EU). The Organisation Internationale des Constructeurs d'Automobiles (OICA) noted that EU automotive production rose to 4.2 million units in 2023, up from 3.7 million in 2022, marking a 19% increase. Major automotive players in the region, such as Volkswagen AG, Stellantis NV, and Mercedes-Benz Group AG, are heavily investing in EV production. For instance, Stellantis and Mercedes-Benz announced plans in February 2024 to invest USD 7.6 billion in three new EV gigafactories across the EU, located in Germany, Italy, and France. Europe's ambitious climate goals aimed at reducing greenhouse gas emissions are further propelling growth in EV and battery production, where thermal management materials are crucial for ensuring battery efficiency, safety, and longevity.

Market Segmentation

The European electronic thermal management materials market is segmented by product type, end-use industry, and country.

• By Product Type: The market includes conductive adhesives, thermal management films, gap fillers, thermal gels, phase change materials, thermal greases, and others. In 2023, thermal greases held the largest market share.
• By End-Use Industry: The market is divided into consumer electronics, automotive, aerospace, telecommunications, and others, with the automotive sector dominating in 2023.
• By Country: The market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe, with Germany holding the largest share in 2023.

Key Players in the Market

Leading companies in the electronic thermal management materials market include 3M Co, DuPont de Nemours Inc, Electrolube Ltd, European Thermodynamics Ltd, Graco Inc, Henkel AG & Co KGaA, Honeywell International Inc, Marian Inc, Master Bond Inc, Momentive Performance Materials Inc, Parker Hannifin Corp, Robnor ResinLab Ltd, Sur-Seal Corp, Tecman Speciality Materials Ltd, and Wacker Chemie AG.

Table Of Contents

1. Introduction

• 1.1 Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Secondary Research
• 3.2 Primary Research
  • 3.2.1 Hypothesis formulation:
  • 3.2.2 Macro-economic factor analysis:
  • 3.2.3 Developing base number:
  • 3.2.4 Data Triangulation:
  • 3.2.5 Country level data:

4. Europe Electronic Thermal Management Materials Market Landscape

• 4.1 Overview
• 4.2 Porter's Five Forces Analysis
  • 4.2.1 Threat of New Entrants:
  • 4.2.2 Bargaining Power of Suppliers:
  • 4.2.3 Bargaining Power of Buyers:
  • 4.2.4 Competitive Rivalry:
  • 4.2.5 Threat of Substitutes:
• 4.3 Ecosystem Analysis
  • 4.3.1 Raw Material Suppliers
  • 4.3.2 Manufacturers
  • 4.3.3 Distributors/Suppliers
  • 4.3.4 End-Use Industry
  • 4.3.5 List of Vendors in the Value Chain

5. Europe Electronic Thermal Management Materials Market - Key Market Dynamics

• 5.1 Europe Electronic Thermal Management Materials Market - Key Market Dynamics
• 5.2 Market Drivers
  • 5.2.1 Strong Growth of Electronics and Semiconductor Industry
  • 5.2.2 Rise in Demand from Automotive Industry
• 5.3 Market Restraints
  • 5.3.1 High Cost and Complex Manufacturing Process
• 5.4 Market Opportunities
  • 5.4.1 Advancements in Electronic Thermal Management Materials
• 5.5 Future Trends
  • 5.5.1 Rising Proliferation of 5G Technology
• 5.6 Impact of Drivers and Restraints:

6. Europe Electronic Thermal Management Materials Market - Analysis

• 6.1 Europe Electronic Thermal Management Materials Market Revenue (US$ Million), 2021-2031
• 6.2 Europe Electronic Thermal Management Materials Market Forecast Analysis

7. Europe Electronic Thermal Management Materials Market Analysis - by Product Type

• 7.1 Conductive Adhesives
  • 7.1.1 Overview
  • 7.1.2 Conductive Adhesives: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 7.2 Thermal Management Films
  • 7.2.1 Overview
  • 7.2.2 Thermal Management Films: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 7.3 Gap Fillers
  • 7.3.1 Overview
  • 7.3.2 Gap Fillers: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 7.4 Thermal Gels
  • 7.4.1 Overview
  • 7.4.2 Thermal Gels: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 7.5 Phase Change Materials
  • 7.5.1 Overview
  • 7.5.2 Phase Change Materials: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 7.6 Thermal Greases
  • 7.6.1 Overview
  • 7.6.2 Thermal Greases: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 7.7 Others
  • 7.7.1 Overview
  • 7.7.2 Others: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Europe Electronic Thermal Management Materials Market Analysis - by End-use Industry

• 8.1 Consumer Electronics
  • 8.1.1 Overview
  • 8.1.2 Consumer Electronics: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 8.2 Automotive
  • 8.2.1 Overview
  • 8.2.2 Automotive: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 8.3 Aerospace
  • 8.3.1 Overview
  • 8.3.2 Aerospace: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 8.4 Telecommunication
  • 8.4.1 Overview
  • 8.4.2 Telecommunication: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 8.5 Others
  • 8.5.1 Overview
  • 8.5.2 Others: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Europe Electronic Thermal Management Materials Market - Country Analysis

• 9.1 Europe
  • 9.1.1 Europe Electronic Thermal Management Materials Market - Revenue and Forecast Analysis - by Country
    • 9.1.1.1 Europe Electronic Thermal Management Materials Market - Revenue and Forecast Analysis - by Country
    • 9.1.1.2 Germany: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
      • 9.1.1.2.1 Germany: Europe Electronic Thermal Management Materials Market Share - by Product Type
      • 9.1.1.2.2 Germany: Europe Electronic Thermal Management Materials Market Share - by End-use Industry
    • 9.1.1.3 France: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
      • 9.1.1.3.1 France: Europe Electronic Thermal Management Materials Market Share - by Product Type
      • 9.1.1.3.2 France: Europe Electronic Thermal Management Materials Market Share - by End-use Industry
    • 9.1.1.4 Italy: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
      • 9.1.1.4.1 Italy: Europe Electronic Thermal Management Materials Market Share - by Product Type
      • 9.1.1.4.2 Italy: Europe Electronic Thermal Management Materials Market Share - by End-use Industry
    • 9.1.1.5 United Kingdom: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
      • 9.1.1.5.1 United Kingdom: Europe Electronic Thermal Management Materials Market Share - by Product Type
      • 9.1.1.5.2 United Kingdom: Europe Electronic Thermal Management Materials Market Share - by End-use Industry
    • 9.1.1.6 Russia: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
      • 9.1.1.6.1 Russia: Europe Electronic Thermal Management Materials Market Share - by Product Type
      • 9.1.1.6.2 Russia: Europe Electronic Thermal Management Materials Market Share - by End-use Industry
    • 9.1.1.7 Rest of Europe: Europe Electronic Thermal Management Materials Market - Revenue and Forecast, 2021-2031 (US$ Million)
      • 9.1.1.7.1 Rest of Europe: Europe Electronic Thermal Management Materials Market Share - by Product Type
      • 9.1.1.7.2 Rest of Europe: Europe Electronic Thermal Management Materials Market Share - by End-use Industry

10. Competitive Landscape

• 10.1 Heat Map Analysis by Key Players
• 10.2 Company Positioning and Concentration

11. Industry Landscape

• 11.1 Overview
• 11.2 Mergers And Acquisitions
• 11.3 Agreements, Collaborations, And Joint Ventures
• 11.4 Product Launch
• 11.5 Expansions and Other Strategic Developments

12. Company Profiles

• 12.1 DuPont de Nemours Inc
  • 12.1.1 Key Facts
  • 12.1.2 Business Description
  • 12.1.3 Products and Services
  • 12.1.4 Financial Overview
  • 12.1.5 SWOT Analysis
  • 12.1.6 Key Developments
• 12.2 Henkel AG & Co KGaA
  • 12.2.1 Key Facts
  • 12.2.2 Business Description
  • 12.2.3 Products and Services
  • 12.2.4 Financial Overview
  • 12.2.5 SWOT Analysis
  • 12.2.6 Key Developments
• 12.3 Electrolube Ltd
  • 12.3.1 Key Facts
  • 12.3.2 Business Description
  • 12.3.3 Products and Services
  • 12.3.4 Financial Overview
  • 12.3.5 SWOT Analysis
  • 12.3.6 Key Developments
• 12.4 Tecman Speciality Materials Ltd
  • 12.4.1 Key Facts
  • 12.4.2 Business Description
  • 12.4.3 Products and Services
  • 12.4.4 Financial Overview
  • 12.4.5 SWOT Analysis
  • 12.4.6 Key Developments
• 12.5 Momentive Performance Materials Inc
  • 12.5.1 Key Facts
  • 12.5.2 Business Description
  • 12.5.3 Products and Services
  • 12.5.4 Financial Overview
  • 12.5.5 SWOT Analysis
  • 12.5.6 Key Developments
• 12.6 3M Co
  • 12.6.1 Key Facts
  • 12.6.2 Business Description
  • 12.6.3 Products and Services
  • 12.6.4 Financial Overview
  • 12.6.5 SWOT Analysis
  • 12.6.6 Key Developments
• 12.7 Marian Inc
  • 12.7.1 Key Facts
  • 12.7.2 Business Description
  • 12.7.3 Products and Services
  • 12.7.4 Financial Overview
  • 12.7.5 SWOT Analysis
  • 12.7.6 Key Developments
• 12.8 European Thermodynamics Ltd
  • 12.8.1 Key Facts
  • 12.8.2 Business Description
  • 12.8.3 Products and Services
  • 12.8.4 Financial Overview
  • 12.8.5 SWOT Analysis
  • 12.8.6 Key Developments
• 12.9 Honeywell International Inc
  • 12.9.1 Key Facts
  • 12.9.2 Business Description
  • 12.9.3 Products and Services
  • 12.9.4 Financial Overview
  • 12.9.5 SWOT Analysis
  • 12.9.6 Key Developments
• 12.10 Parker Hannifin Corp
  • 12.10.1 Key Facts
  • 12.10.2 Business Description
  • 12.10.3 Products and Services
  • 12.10.4 Financial Overview
  • 12.10.5 SWOT Analysis
  • 12.10.6 Key Developments
• 12.11 Wacker Chemie AG
  • 12.11.1 Key Facts
  • 12.11.2 Business Description
  • 12.11.3 Products and Services
  • 12.11.4 Financial Overview
  • 12.11.5 SWOT Analysis
  • 12.11.6 Key Developments
• 12.12 Sur-Seal Corp
  • 12.12.1 Key Facts
  • 12.12.2 Business Description
  • 12.12.3 Products and Services
  • 12.12.4 Financial Overview
  • 12.12.5 SWOT Analysis
  • 12.12.6 Key Developments
• 12.13 Graco Inc
  • 12.13.1 Key Facts
  • 12.13.2 Business Description
  • 12.13.3 Products and Services
  • 12.13.4 Financial Overview
  • 12.13.5 SWOT Analysis
  • 12.13.6 Key Developments
• 12.14 Robnor ResinLab Ltd
  • 12.14.1 Key Facts
  • 12.14.2 Business Description
  • 12.14.3 Products and Services
  • 12.14.4 Financial Overview
  • 12.14.5 SWOT Analysis
  • 12.14.6 Key Developments
• 12.15 Master Bond Inc
  • 12.15.1 Key Facts
  • 12.15.2 Business Description
  • 12.15.3 Products and Services
  • 12.15.4 Financial Overview
  • 12.15.5 SWOT Analysis
  • 12.15.6 Key Developments

13. Appendix

• 13.1 About Us
• 13.2 List of Abbreviations