This has a lot to do with the increasing requirement for electronic devices in numerous industries, for example healthcare, accompanied by the growing requirement for temperature control solutions in them. Furthermore, the growing requirement for miniaturized electronic devices is a main factor powering the acceptance of thermal management solution.

On the basis of material type, the adhesive material category will have a healthy growth in the years to come. The requirement for this material is powered by the fact that the ever-shrinking electronic apparatuses and systems insider electronics and medical devices make considerable heat, which can bring about malfunctioning. 

These materials are intended to improve the performance, dependability, and endurance of electronic devices, by dispersing heat. When there is a need for bonding intricate parts, thermal adhesive films are the preferred option.

Browse detailed report - Thermal Management Technologies Market Analysis and Demand Forecast Report

Furthermore, the snowballing urbanization and industrialization rates, presence of main market players, and initiatives of the government for installation of EV charging stations are the key factors powering the growth of the industry.

It is because of the growing requirement for various sectors, the demand for thermal management technologies will continue to increase in the years to come.