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Global Thermal Interface Material Market Research Report 2022-2027:

According to the latest report by IMARC Group, titled “ ThermalInterfaceMaterialsMarket:GlobalIndustryTrends,Share,Size,Growth,Opportunityand Forecast2022-2027,” the global thermal interface materials market size reached US$ 2.87 Billion in 2021.

Thermal interface materials (TIMs) are a category of products utilized to establish an effective thermal path between a heat-generating component and an attached heat-sink. They include a base material with added fillers to increase the thermal conductivity. They assist in filling the spaces between mating surfaces and addressing both heat transfer and mechanical fixation problems. Consequently, they find extensive applications in the manufacturing of communication and consumer devices, semiconductor packaging, power electronics and automobile components. We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Thermal Interface Material Market Trends:

A considerable rise in the demand for consumer electronics represents one of the key factors strengthening the market growth. TIMs are widely used to manufacture portable, compact, energyefficient, and durable light-emitting diodes (LEDs). Moreover, the widespread adoption of TIMs in the electronics industry, along with their incorporation in interior automation components and music systems to minimize energy consumption and greenhouse gas (GHG) emissions, are strengthening the growth of the market. Other factors, including technological advancements like the Internet of Things (IoT) and the development of nanodiamonds, are supporting the market growth.

Lookingforward,IMARCGroupexpectsthemarkettogrowataCAGRof9.7%during2022-2027. View Report TOC, Figures and Tables: https://www.imarcgroup.com/thermal-interface-material-market