The Global Thermal Conductive Adhesives for Electric Vehicles Market was valued at USD 951.8 Million in 2023 and is projected to reach USD 3873.4 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 22.2% during the forecast period (2024–2030). This rapid expansion is driven by accelerating EV adoption, stricter thermal management requirements for lithium-ion batteries, and advancements in adhesive material science.

As electric vehicles demand more sophisticated thermal management solutions to ensure battery safety and performance, the role of thermal conductive adhesives has become strategically crucial. In this analysis, we profile the Top 10 Companies in the Thermal Conductive Adhesives for Electric Vehicles Industry—a mix of chemical giants, specialty manufacturers, and adhesive innovators shaping tomorrow’s EV thermal solutions.

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🔟 10. Wacker Chemie AG

Headquarters: Munich, Germany
Key Offering: SILGUM® TC thermal gap fillers, ELASTOSIL® thermally conductive adhesives

Wacker Chemie brings silicone chemistry expertise to EV thermal management, offering high-performance adhesives that maintain flexibility across extreme temperature ranges found in battery applications.

Innovation Highlights:

• Custom-formulated silicone adhesives with thermal conductivities up to 4 W/mK
• Solutions optimized for battery module assembly and power electronics cooling
• Compliance with automotive industry flame retardancy standards

Download FREE Sample Report: Thermal Conductive Adhesives for Electric Vehicles Market – View in Detailed Research Report

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9️⃣ 9. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: ARALDITE® thermally conductive epoxy systems

Huntsman’s advanced epoxy formulations provide structural bonding with superior thermal conductivity for EV battery packs and electronic control units.

Innovation Highlights:

• Two-component epoxy adhesives with ceramic filler technology
• High-temperature resistance up to 200°C for demanding EV applications
• Solutions for battery cell-to-cell and cell-to-cooling plate bonding

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8️⃣ 8. Parker Hannifin Corporation

Headquarters: Cleveland, Ohio, USA
Key Offering: THERM-A-GAP™ thermally conductive interface materials

Parker’s advanced materials division provides engineered thermal interface solutions for EV battery and electronics thermal management systems.

Innovation Highlights:

• Innovative phase change materials and gap fillers
• Custom formulations balancing thermal performance with mechanical properties
• Automotive-grade reliability testing and validation services

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7️⃣ 7. Sika AG

Headquarters: Baar, Switzerland
Key Offering: SikaBond® thermally conductive adhesives

Sika’s automotive adhesives division has developed specialized thermal interface materials for EV battery pack assembly and power electronics cooling.

Innovation Highlights:

• Hybrid adhesive-sealant solutions for battery enclosures
• Dual-cure technologies for efficient manufacturing processes
• Materials supporting structural battery concepts

Download FREE Sample Report: Thermal Conductive Adhesives for Electric Vehicles Market – View in Detailed Research Report

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6️⃣ 6. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: Scotch-Weld™ thermally conductive adhesives

3M’s industrial adhesives division offers a portfolio of thermal interface materials optimized for EV battery thermal management and electronics cooling applications.

Innovation Highlights:

• Acrylic and epoxy-based formulations with ceramic and boron nitride fillers
• Electrically insulating thermal adhesives for power electronics applications
• Precision dispensing systems for automated EV production lines

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5️⃣ 5. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: DOWSIL™ thermally conductive materials

Dow brings materials science leadership to the EV thermal adhesives market with silicone-based solutions that withstand harsh automotive environments while optimizing thermal transfer.

Innovation Highlights:

• Thermal conductivity up to 7 W/mK in silicone formulations
• Low-modulus adhesives for stress reduction in battery assemblies
• Rapid curing technologies for high-volume EV production

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4️⃣ 4. H.B. Fuller Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: FULLER® thermally conductive adhesives

H.B. Fuller provides engineered adhesive solutions for EV battery manufacturers, combining thermal performance with automotive durability requirements.

Innovation Highlights:

• Hybrid polymer technology for balanced thermal and mechanical properties
• Manufacturing-friendly viscosity and cure profiles
• UL certified materials for EV battery safety

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3️⃣ 3. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: LOCTITE® thermal interface materials

Henkel leads in automotive adhesive solutions with thermal conductive formulations specifically engineered for electric vehicle battery systems.

Innovation Highlights:

• Comprehensive portfolio including gap fillers, phase change materials, and thermally conductive tapes
• Solutions for direct-to-cell thermal management applications
• Global technical support network for EV manufacturers

Download FREE Sample Report: Thermal Conductive Adhesives for Electric Vehicles Market – View in Detailed Research Report

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2️⃣ 2. Mitsui Chemicals, Inc.

Headquarters: Tokyo, Japan
Key Offering: MILASTOMER® thermally conductive compounds

Mitsui Chemicals provides innovative thermal management solutions for Asian EV manufacturers, with particular strengths in battery module assembly.

Innovation Highlights:

• Thermoplastic elastomer formulations with enhanced thermal conductivity
• Flame retardant grades meeting stringent EV battery standards
• Custom formulations for specific OEM requirements

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1️⃣ 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: ELATECH® thermally conductive adhesives

BASF tops our ranking through its comprehensive portfolio of thermal interface materials and strong partnerships with major European and North American EV manufacturers.

Innovation Highlights:

• Next-generation filler technologies achieving 10+ W/mK conductivity
• Integrated solutions combining thermal management with structural bonding
• Materials enabling modular battery designs and repairability

Get Full Report Here: Thermal Conductive Adhesives for Electric Vehicles Market – View in Detailed Research Report

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🌍 Outlook: The Future of EV Thermal Management Is Smarter and More Efficient

The thermal conductive adhesives market is undergoing rapid transformation as EV designs evolve and battery technologies advance. Industry leaders are focusing on:

📈 Key Trends Shaping the Market:

• Increasing thermal conductivity requirements for next-generation battery systems
• Integration of structural and thermal functions in adhesive formulations
• Materials enabling faster EV production cycles
• Sustainability-driven innovations in adhesive chemistries

Get Full Report Here: Thermal Conductive Adhesives for Electric Vehicles Market – View in Detailed Research Report

The companies profiled above are not only addressing today’s EV thermal challenges—they’re developing the advanced materials that will enable tomorrow’s high-performance electric vehicles.