The Global Thermal Runaway Protection Materials for EV Battery Market was valued at USD 186 million in 2024 and is projected to reach USD 485 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast period (2025-2032). This robust growth is driven by surging EV adoption, stricter battery safety regulations, and rapid advancements in material science to prevent catastrophic battery failures.

As the EV revolution accelerates globally, thermal runaway prevention has become critical for battery manufacturers and automakers. In this analysis, we profile the Top 10 Companies in the Thermal Runaway Protection Materials Industry – a mix of advanced material specialists, chemical giants, and innovative startups safeguarding the future of electric mobility through cutting-edge thermal management solutions.

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🔟 1. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: Thermal Barrier Tapes, Insulation Materials, Ceramic Fiber Solutions

3M is a global leader in EV battery thermal management solutions through its industrial adhesives and advanced materials division. The company offers comprehensive thermal runaway protection systems for battery packs, modules, and cell-to-cell applications.

Innovation Highlights:

• Patented ceramic fiber insulation technology

• High-temperature resistant adhesive tapes

• Strategic partnerships with major EV OEMs

Download FREE Sample Report: Thermal Runaway Protection Materials for EV Battery Market – View in Detailed Research Report

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9️⃣ 2. Morgan Advanced Materials

Key Innovations:

• Situ carbon neutrality initiatives
• Recyclable insulation solutions
• Advanced computational modeling for material optimization

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8️⃣ 3. Aspen Aerogels

Headquarters: Northborough, Massachusetts, USA

Core Technology: PyroThin® Thermal Barriers

Market Position: Industry leader in aerogel-based thermal management solutions with NASA-proven technology applications

Key Innovations:

• Ultra-thin insulation profiles (sub-1mm)
• Customizable thermal conductivity properties
• Patent-protected manufacturing processes

Download FREE Sample Report: Thermal Runaway Protection Materials for EV Battery Market – View in Detailed Research Report

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7️⃣ 4. Rogers Corporation

Headquarters: Chandler, Arizona, USA

Flagship Products: BISCO® Silicone Materials, PORON® Polyurethane Foams

Key Advantages:

• UL94 V-0 flame rating compliance
• Compression set resistance for long-term performance
• Thermal conductivity tuning capabilities

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6️⃣ 5. SCHOTT AG

Headquarters: Mainz, Germany

Specialization: Glass-ceramic Barrier Solutions

Key Features:

• Transparent thermal barriers for monitoring applications
• Exceptional chemical resistance
• Custom thickness options from 0.5mm to 5mm

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5️⃣ 6. KULR Technology Group

Headquarters: San Diego, California, USA

Core Technology: Carbon Fiber Thermal Management Systems

Differentiators:

• Space-grade thermal runaway solutions
• Active cooling integration capabilities
• Real-time thermal monitoring systems

Download FREE Sample Report: Thermal Runaway Protection Materials for EV Battery Market – View in Detailed Research Report

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4️⃣ 7. Unifrax

Headquarters: Tonawanda, New York, USA

Key Products: Saffil® Insulation, Fiberfrax® Ceramic Fibers

Advantages:

• Exceptional thermal stability up to 1600°C
• Low thermal conductivity
• Customizable structural reinforcement

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3️⃣ 8. Avery Dennison Performance Tapes

Headquarters: Mentor, Ohio, USA

Specialty: High-Performance Bonding Solutions

Key Benefits:

• Flame-retardant formulations
• Thermally conductive adhesive systems
• Automated application compatibility

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2️⃣ 9. NeoGraf Solutions

Headquarters: Lakewood, Ohio, USA

Core Technology: GrafGuard® Thermal Interface Materials

Unique Advantages:

• Anisotropic thermal conductivity
• Low thermal impedance
• Customizable thickness and density

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1️⃣ 10. Nomex (DuPont)

Headquarters: Wilmington, Delaware, USA

Key Products: Nomex® Paper and Fiber Solutions

Differentiators:

• Inherent flame resistance without additives
• Excellent dielectric properties
• Proven durability in automotive applications

Thermal Runaway Protection Materials for EV Battery Market – View in Detailed Research Report

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🔋 Market Outlook: Multi-Layered Innovation

The thermal runaway protection market is evolving through integrated solutions that combine:

• Phase-change materials for dynamic thermal regulation
• Smart sensing capabilities for early warning systems
• Recyclable material compositions

⚡ Emerging Technologies:

• Nanocomposite thermal barriers
• Self-healing materials
• AI-optimized thermal management systems

Get Full Report: Thermal Runaway Protection Materials for EV Battery Market – View in Detailed Research Report

These industry leaders continue to push the boundaries of battery safety technology, enabling safer and more powerful electrified transportation solutions.