Thermal conduction is a transfer of heat from one body to another, through contact. Heat is transmitted through radiation, conduction and convection. Graphite can be segmented into natural graphite and synthetic graphite. Natural graphite is further sub-segmented into vein graphite, flake graphite, and micro crystalline (cryptocrystalline) graphite. Whereas, synthetic graphite is further sub-segmented into primary synthetic graphite, secondary synthetic graphite, and graphite fibers. The key properties are included low friction & self-lubrication, high thermal resistance, high electrical conductivity, low wettability by liquid metals, high thermal conductivity, low wettability by liquid metals, thermal conductivity & thermal resistance, and self-lubrication and high resistance. These properties are driving the high thermal conductive graphite material market.
According to study, “Global High Thermal Conductivity Graphite Materials Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global high thermal conductivity graphite materials market are Panasonic, Tanyuan Tech, GrafTech, Zhongyi Garbon Technology, Kaneka, Selen Science & Technology, JONES. The development of advanced additives directing higher performance, the formation of mergers & acquisitions (M&A), and collaborations with original equipment manufacturers (OEMs) for the joint development of thermally conductive materials are some of the strategies adopted by the key players in order to gain a competitive edge in the market.
Based on measured range, high thermal conductivity graphite materials market is segmented into 300-1900W/ (mK), 5-20W/ (mK) and others. Based on application, market is segmented into thermal cores in printed circuit board, light emitting diode, finned heat sinks, heat spreaders in electronic packaging, substrates & laser diode mounts, thermal management solutions, and avionics thermal cores. In addition, based on end-user, market is segmented into aerospace, electronics, automotive, consumer goods and others. Electronics industry includes PPC (panel personal computer), LED (Light Emitting Diode) Light, PC, and smartphone.
The high thermal conductivity graphite materials market is driven by growth in demand from electronics industry, followed by rise in demand for miniaturization of electronic components/systems, low cost with desired performance, rapid growth in the production of electric vehicles, increase in use in aerospace industry and rise in use in propulsion in space owing to its strong interface with light. However, macro-electronics and nano-electronics market may impact the market. Moreover, increase in advancement in technologies is a key opportunity for market.
Based on geography, the North-American region dominates the high thermal conductivity graphite materials market owing to growth in shift of the electrical & electronics industry from the developed markets and presence of key manufacturers in the region. Whereas, the Asian-Pacific and European regions are likely to exhibit substantial growth rate due to rise in demand for LED lights and growth in urbanization & increase in awareness among people about the products over the forecast period. In upcoming years, it is predicted that future of the market will be bright on account of rise in demand for smart electronics and increase in demand for electrical vehicles during the forecast period.
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Global High Thermal Conductivity Graphite Materials Market
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