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The Thermal Interface Materials (TIM) are subordinate materials inserted between the heat sink as well as the devices which enhance thermal transfer to the heat sink. They are used in various electronic applications such as electric vehicles, CPUs/Desktops, smartphones, tablets, architectural and industrial lighting and more. The major driver for this industry is the demand from major end user industries such as consumer electronics.
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Thermal Interface Material (TIM) Market is anticipated to hit $2.1 billion by 2023 at a CAGR of 7.40%.
APAC held the largest market share and growth rate in the Thermal Interface Materials Market Asia Pacific region holds the largest market share and growth in the Thermal Interface Materials Market, and is anticipated to reach $1.3 billion by 2023 at a CAGR of 8%. The factor that led to this growth is the rapid industrialization and humongous amount of manufacturing in this region. The key applications in this region include Medical Devices, Telecommunications, and Computers among others. Contact : sales@industryarc.com
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Key Players of the Thermal Interface Material Market: Honeywell International Inc. Henkel Dow Corning 3M Company Parker Hannifin Corporation Laird PLC Momentive Download Sample Report Contact : sales@industryarc.com
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