Thermally Conductive Filler Dispersants Market by Dispersant Structure Type (Silicone-Based, Non-Silicone Based), Filler Material (Ceramic, Metal, Carbon-Based), Application (Thermal Insulation Glue), End-Use Industry, & Region - Global Forecast to 2028
The global thermally conductive filler dispersants market size is projected to reach USD 0.4 billion by 2028 from USD 0.3 billion in 2023, at a CAGR of 10.2% during the forecast period. The growth of the global thermally conductive filler dispersants market can be attributed to the increasing demand for high-performance and lightweight products. Thermally conductive filler dispersants play a crucial role in achieving the desired thermal properties in these high-performance products. Additionally, ongoing research and development activities aimed at improving the thermal conductivity of polymer composites drive the demand for thermally conductive filler dispersants.
Global Thermally Conductive Filler Dispersants Market Trend
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Thermally Conductive Filler Dispersants Market Dynamics
Driver: Increasing demand for consumer electronics products
Consumer electronics, such as smartphones, tablets, laptops, and gaming consoles, generate significant amounts of heat during operation. Efficient heat dissipation is crucial to ensure the optimal performance and longevity of these devices. Thermally conductive filler dispersants play a vital role in enhancing the thermal conductivity of polymer composites used in electronic components and heat sinks. Effective heat dissipation through the use of thermally conductive filler dispersants helps to prevent overheating, which can lead to performance degradation and reduced reliability of electronic components.
Restraint: Higher cost consideration
Cost is a significant factor that impacts on the thermally conductive filler dispersants market. The cost of thermally conductive filler dispersants can be a restraint for some applications. Certain high-performance fillers, such as silver or graphene, can be expensive, which can increase the overall cost of the thermally conductive polymer composites. The cost of high-performance fillers like silver or graphene is influenced by factors such as production methods, availability, and demand. These fillers often require specialized manufacturing processes and have limited availability, which can drive up their cost. Additionally, the demand for these high-performance fillers in various industries, including electronics and automotive, can further contribute to their higher price.
Opportunity: Increasing demand for fuel-efficient and high-end home appliance products
The demand for high-performance and lightweight products is driving the growth of the thermally conductive polymer composites market. Thermally conductive filler dispersants play a crucial role in achieving the desired thermal properties in these high-performance products. Polymer-based thermal interface materials consisting of polymer and thermally conductive fillers occupy the most commercial markets because of their thermal conductivity and mechanical properties. Thermally conductive filler dispersants play a crucial role in achieving optimal thermal conductivity in these materials. In addition, the demand for fuel-efficient products is driving the development of high-thermal-conductivity fillers such as aluminum nitride for use in polymer/ceramic composites. These fillers can be used in conjunction with thermally conductive filler dispersants to achieve optimal thermal conductivity.
Challenges: Compatibility with different polymers
Thermally conductive filler dispersants need to be compatible with a wide range of polymer matrices to ensure effective dispersion and interfacial interaction. Achieving compatibility with different polymers can be a challenge due to differences in chemical composition and processing conditions. The interfacial compatibility between fillers and the polymer matrix is crucial for effective dispersion and interfacial interaction, which ultimately affects the heat transfer efficiency of the composites. Surface modification techniques can be employed to improve the interface compatibility, but their effectiveness in improving overall thermal conductivity is limited. The thermal conductivity of polymer composites with dispersed fillers is influenced by several factors, including filler type, size, and aspect ratios. These factors need to be considered when selecting the appropriate thermally conductive filler dispersants for different polymer matrices. In addition, the quality of dispersion plays a significant role in achieving compatibility between fillers and polymers. For a single polymer, the dispersion quality may influence the outcome with the same filler.
Market Ecosystem
By dispersant type, non-silicone is the largest in thermally conductive filler dispersants market, in 2022.
The rising demand for non-silicone thermally conductive filler dispersants is driven by their compatibility with different polymers, form-in-place gap fillers, enhanced thermal conductivity, high thermal conductivity paste, and improved mechanical properties. These advantages make non-silicone thermally conductive filler dispersants a preferred choice for various industries, including electronics, automotive, healthcare, aerospace, and telecommunication.
By filler material, carbon-based are the second largest in thermally conductive filler dispersants market, in 2022.
Carbon-based fillers, such as carbon black, carbon fibers, synthetic graphite particles, and carbon nanotubes, exhibit high thermal conductivity. This makes them attractive for enhancing the thermal conductivity of polymer composites. Carbon-based fillers, particularly carbon fibers, offer a high strength-to-weight ratio, making them suitable for applications where weight reduction is important. In addition, surface modification techniques can be employed to enhance the interfacial compatibility between carbon-based fillers and the polymer matrix, improving dispersion and interfacial interaction. All these factors contribute to the growth of carbon-based filler materials in the thermally conductive filler dispersants market.
By application, heat dissipation accounts for the largest share in the thermally conductive filler dispersants market, in 2022.
In general, higher filler loadings are needed to achieve higher thermal conductivity in pastes used for heat transfer applications. This highlights the importance of thermally conductive filler dispersants in achieving efficient heat dissipation. High thermal conductivity pastes, which serve as heat transfer means for cooling electronic components like VLSI chips, rely on thermally conductive filler dispersants to enhance their thermal conductivity. Adding high thermal conductivity fillers into polymer matrices is an effective way to improve the heat transfer performance of polymer materials. Thermally conductive filler dispersants facilitate the dispersion and interaction of these fillers, contributing to enhanced heat dissipation.
By end-use industry, electronics is the largest in thermally conductive filler dispersants market, in 2022.
Electronics is the largest end-use segment. TIMs are commonly used for transferring thermal conductivity from the CPU or GPU to heat sink coolers. Electronic products such as CPUs, chipsets, graphics cards, and hard disk drives, are susceptible to failure in case of overheating. Thermally conductive filler dispersants for TIMs are used in computers to remove the excess heat to maintain the components operating temperature limits. They are used in computers to optimize performance and reliability for smooth functioning. They are used for improving the heat flow in computers by filling voids or irregularities between the heat sink and SSE base plate mounting surfaces. The increased demand for electronic products is driving the market for thermally conductive filler dispersants.
Asia Pacific is projected to be fastest growing amongst other regions in the thermally conductive filler dispersants market, in terms of value.
Based on the region, the thermally conductive filler dispersants market is segmented into Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Currently, Asia Pacific is the fastest growing market for thermally conductive filler dispersants. The region has a large and growing population with increasing disposable income, a rising awareness of health and wellness, and the expanding middle-class population and changing lifestyles have led to a surge in demand for electronic products, and electric vehicles. Additionally, advancements in technologies and increased R&D activities in the thermally conductive filler dispersants market have further fueled the growth of the market in Asia Pacific.
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Key Market Players
Some of the key players operating in the thermally conductive filler dispersants market include BYK (Germany), Shin-Etsu Chemical (Japan), Dow Chemical Company (US), JNC Corporation (Japan), Momentive Performance Materials (US), Kusumoto Chemicals (Japan), Evonik (Germany), Croda International (UK), Lubrizol Corporation (US), and Wacker Chemie (Germany) among others.
These companies have adopted various organic as well as inorganic growth strategies between 2018 and 2022 to strengthen their positions in the market. The new product launch is the key growth strategy adopted by these leading players to enhance regional presence and develop product portfolios to meet the growing demand for thermally conductive filler dispersants from emerging economies.
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Report Metric |
Details |
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Years considered for the study |
2019-2028 |
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Base Year |
2022 |
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Forecast period |
2023–2028 |
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Units considered |
Value (USD Million/Billion), Volume (Kiloton) |
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Segments |
Dispersant Type, Filler Material, Application, End-use Industry, and Region |
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Regions |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies |
BYK (Germany), Shin-Etsu Chemical (Japan), Dow Chemical Company (US), JNC Corporation (Japan), Momentive Performance Materials (US), Kusumoto Chemicals (Japan), Evonik (Germany), Croda International (UK), Lubrizol Corporation (US), and Wacker Chemie (Germany) among others. |
This report categorizes the global thermally conductive filler dispersants market based on dispersant type, filler material, application, end-use industry, and region.
On the basis of dispersant type, the thermally conductive filler dispersants market has been segmented as follows:
- Silicone-based
- Non-silicone based
- Others
On the basis of filler material, the thermally conductive filler dispersants market has been segmented as follows:
- Ceramic
- Metal
- Carbon-based
- Others
On the basis of application, the thermally conductive filler dispersants market has been segmented as follows:
On the basis of the end-use industry, the thermally conductive filler dispersants market has been segmented as follows:
- Electronics
- Automotive
- Energy
- Building & Construction
- Industrial
- Aerospace
- Others
On the basis of region, the thermally conductive filler dispersants market has been segmented as follows:
- North America
- Asia Pacific
- Europe
- South America
- Middle East & Africa
The thermally conductive filler dispersants market has been further analyzed based on key countries in each of these regions.
Recent Developments
- In December 2019, the specialty chemicals group ALTANA acquired Schmid Rhyner AG, a Swiss overprint varnish specialist to generate value-creating growth through targeted acquisitions. The acquisition helped ALTANA ALTANA to expand its product portfolio and offer new solutions to its customers in various industries.
- In October 2022, BYK launched BYK-MAX CT 4275, is a specially developed additives that can be used in a wide variety of polyamides and thermoplastic. BYK-MAX CT 4275 is used to enhance the performance of thermal interface materials by improving the dispersion and incorporation of the additive into the thermoplastic matrix, resulting in improved thermal conductivity and mechanical properties.
- In April 2022, Shin-Etsu Co. Ltd. developed thermal interface silicone rubber sheet series (TC-BGI Series) for use in components of electric vehicles as the technology for high voltage devices advances. It is a hard, thermal-interface silicone rubber sheet that combines good levels of voltage resistance and heat dissipation.
- In January 2021, Momentive Performance Materials acquired KCC Corporation's Silicones business in Korea and the UK, as well as its sales operations in China. KCC Corporation offers silicone and silicone-based products. The acquisition strengthens Momentive's global capabilities in advanced silicones and enhances its ability to serve customers in the Asia-Pacific region.
- In February 2023, Evonik Industries invested USD 1 miilion into fumed aluminum oxide production plant expansion for battery applications in Yokkaichi, Japan. The investment helped Evonik Industries to meet the growing demand for fumed aluminum oxide in the battery industry and strengthen its position in the market. It also expanded Evonik's presence in Asia, where the demand for lithium-ion batteries was high.
Frequently Asked Questions (FAQ):
What is the current size of the global thermally conductive filler dispersants market?
Global thermally conductive filler dispersants market size is estimated to reach USD 0.4 billion by 2028 from USD 0.3 billion in 2023, at a CAGR of 10.2% during the forecast period.
Who are the winners in the global thermally conductive filler dispersants market?
Companies such as include BYK (Germany), Shin-Etsu Chemical (Japan), Dow Chemical Company (US), JNC Corporation (Japan), Momentive Performance Materials (US), Kusumoto Chemicals (Japan), Evonik (Germany), Croda International (UK), Lubrizol Corporation (US), and Wacker Chemie (Germany) among others. They have the potential to broaden their product portfolio and compete with other key market players.
What are some of the drivers in the market?
Growing demand for consumer electronics products, Increasing demand from the automotive industry for electric vehicles.
What are the various dispersant types of thermally conductive filler dispersants?
Silicone and non-silicone are the major dispersant types of thermally conductive filler dispersants. .
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The study involved four major activities in estimating the current market size for thermally conductive filler dispersants. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methodologies were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Factiva, Zauba, Hoovers, and Bloomberg BusinessWeek were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gap fillers world, regulatory bodies, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The thermally conductive filler dispersants market comprises several stakeholders, such as dispersant suppliers, filler material suppliers, distributors of thermally conductive filler dispersants, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market consists of various industries such as electronics, automotive, energy, building & construction, industrial, aerospace, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to this market. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of thermally conductive filler dispersants and future outlook of their business which will affect the overall market.
Following is the breakdown of primary respondents.
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the thermally conductive filler dispersants market. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value and volume, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Thermally Conductive Filler Dispersants Market: Bottum-Up Approach
Note: All the shares are based on the global market size.
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
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Thermally Conductive Filler Dispersants Market: Top-Down Approach
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
Data Triangulation
After arriving at the overall market size—using the market size estimation process explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply of thermally conductive filler dispersants and their applications.
Market Definition
Thermally conductive filler dispersants are materials that are used to enhance the thermal conductivity of polymer composites. They are used to disperse thermally conductive fillers in the polymer matrix to achieve efficient heat dissipation in various industries such as electronics, automotive, healthcare, aerospace, and telecommunication. The properties of fillers, such as particle size, morphology, dispersion, and orientation, and the interfacial compatibility between fillers and the polymer matrix affect the heat transfer efficiency of composites. Thermally conductive gap fillers are a type of thermally conductive filler dispersant that is compressible, soft, and can fill irregular gaps and surfaces between heat-generating components and heat sinks. They possess specific properties such as high thermal conductivity, low total thermal resistance, compressibility, conformability, good surface wetting, mechanical compliance, and flame retardancy, which make them suitable for addressing the heat dissipation requirements of the automotive industry. The development of new and improved fillers, advancements in modeling and simulation techniques, increasing demand for thermally conductive polymers, growing demand for electric vehicles, increasing demand for fuel-efficient and high-end home appliance products, and emerging markets present opportunities for the thermally conductive filler dispersants market.
Key Stakeholders
- Senior Management
- End User
- Finance/Procurement Department
- R&D Department
Objectives of the Study:
- To define, describe, and forecast the thermally conductive filler dispersants market, in terms of value and volume.
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
- To analyze and forecast the market by dispersant type, filler material, application, and end-use industry.
- To forecast the size of the market for five regions, namely, Asia Pacific, Europe, North America, South America, and the Middle East & Africa along with their key countries
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders.
- To analyze competitive developments, such as new product launches, acquisitions, and expansion undertaken in the market
- To strategically profile key players and comprehensively analyze their market ranking and core competencies.
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Regional Analysis:
- Country-level analysis of the thermally conductive filler dispersants market
Company Information:
- Detailed analysis and profiling of additional market players
Growth opportunities and latent adjacency in Thermally Conductive Filler Dispersants Market