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Shin-Etsu to invest $694m to boost silicone output for EVs

Japanese company's output of thermal interface materials could double by 2025

The market for silicone, worth $14 billion worldwide in 2020, is expected to grow 3% to 4% annually over the next five years. (Source photos by screenshot from Shin-Etsu Chemical and Reuters) 

TOKYO -- Shin-Etsu Chemical plans to increase its production of high-performance silicone used in electric vehicles to solidify its position in a market that is expected to grow with the shift to a low-carbon economy, Nikkei has learned.

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