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 (2023–2030). This rapid expansion is driven by accelerating EV production, increasing thermal management requirements for high-capacity batteries, and the growing adoption of lightweight bonding solutions in electric drivetrains.
As electric vehicle manufacturers push for longer ranges, faster charging, and enhanced safety, thermal conductive adhesives have become essential for battery pack assembly, power electronics, and motor systems. This blog profiles the Top 10 Companies in the Thermal Conductive Adhesives for EV Industry—material science innovators and chemical specialists driving this critical segment forward.
🔟 1. Henkel AG & Co. KGaA
Headquarters: Düsseldorf, Germany
Key Offering: Loctite Thermal Conductive Adhesives
Henkel dominates the EV adhesive sector with its Loctite product line, featuring silicone and epoxy formulations that achieve thermal conductivity up to 10 W/mK. Their solutions effectively dissipate heat in battery modules while maintaining structural integrity.
Technological Edge:
- Ultra-light formulations reducing vehicle weight
- Room temperature curing adhesives for manufacturing efficiency
- Strategic collaborations with European and Chinese automakers
Download FREE Sample Report: Thermal Conductive Adhesives for Electric Vehicles Market – View in Detailed Research Report
9️⃣ 2. 3M Company
Headquarters: St. Paul, Minnesota, USA
Key Offering: 3M Thermally Conductive Adhesive Tapes
3M provides a comprehensive range of thermal interface solutions, including innovative adhesive tapes that simplify battery assembly while ensuring optimal heat transfer in EV components.
Technological Edge:
- Phase-change materials for superior thermal interface performance
- Z-axis conductive adhesives for battery cell connections
8️⃣ 3. Dow Chemical Company
Headquarters: Midland, Michigan, USA
Key Offering: Dow Silicones for EV Applications
Dow’s advanced silicone adhesives combine thermal conductivity with vibration resistance and environmental durability, making them ideal for demanding EV power electronics.
Technological Edge:
- Electrically insulating formulations for safety
- High-elongation adhesives resisting thermal cycling
7️⃣ 4. Parker Hannifin
Headquarters: Cleveland, Ohio, USA
Key Offering: Chomerics Thermally Conductive Adhesives
Parker’s Chomerics division specializes in thermal interface materials, including adhesives optimized for EV battery cooling systems and power modules.
Technological Edge:
- Low thermal resistance interface materials
- UL-recognized flame retardant formulations
Download FREE Sample Report: Thermal Conductive Adhesives for Electric Vehicles Market – View in Detailed Research Report
6️⃣ 5. H.B. Fuller
Headquarters: St. Paul, Minnesota, USA
Key Offering: Omnivite Thermal Interface Materials
H.B. Fuller delivers high-performance thermal adhesives specifically designed for EV battery assembly, featuring excellent dielectric properties and thermal stability.
Technological Edge:
- Formulations compatible with automated application systems
- Low-void adhesives for maximum thermal transfer
5️⃣ 6. Sika AG
Headquarters: Baar, Switzerland
Key Offering: SikaPower Thermal Conductive Adhesives
Sika’s automotive-grade adhesives provide both structural bonding and thermal management, addressing complex requirements in EV battery assemblies.
Technological Edge:
- Hybrid systems combining multiple functional properties
- Crash-resistant formulations for battery safety
4️⃣ 7. Huntsman Corporation
Headquarters: The Woodlands, Texas, USA
Key Offering: Araldite Thermal Conductive Epoxies
Huntsman’s high-performance epoxy adhesives deliver exceptional thermal conductivity while maintaining critical mechanical properties for EV components.
Technological Edge:
- High-temperature stable formulations
- Low-outgassing adhesives for sensitive electronics
3️⃣ 8. Wacker Chemie AG
Headquarters: Munich, Germany
Key Offering: Elastosil Thermal Conductive Silicones
Wacker’s silicone-based materials provide excellent heat transfer paired with flexibility, crucial for EVs undergoing thermal cycling and vibration.
Technological Edge:
- Thermally conductive gap fillers
- Low-volatile silicone formulations
2️⃣ 9. Master Bond Inc.
Headquarters: Hackensack, New Jersey, USA
Key Offering: Specialty Thermal Conductive Epoxies
Master Bond creates custom-engineered adhesive solutions for critical EV thermal management, with products reaching 16 W/mK thermal conductivity.
Technological Edge:
- Extreme environmental resistance compounds
- Low coefficient of thermal expansion formulations
1️⃣ 10. Shin-Etsu Chemical Co., Ltd.
Headquarters: Tokyo, Japan
Key Offering: KER-2500 Series Thermal Interface Materials
Shin-Etsu’s silicone-based thermal adhesives are preferred by Asian EV manufacturers for reliability in harsh conditions and long-term stability.
Technological Edge:
- Alternative solutions to thermal greases
- High-consistency formulations for automated application
Get Full Report Here: Thermal Conductive Adhesives for Electric Vehicles Market – View in Detailed Research Report
🌍 Outlook: The Future of EV Thermal Management Solutions
The thermal conductive adhesives sector is evolving rapidly to meet escalating EV performance demands. While traditional formulations remain prevalent, the industry is transitioning toward multifunctional materials integrating thermal management with other critical properties.
📈 Key Trends Shaping the Market:
- Development of ultra-high conductivity adhesives (>15 W/mK)
- Integration with automated battery manufacturing processes
- Increasing adoption of dual-cure adhesive systems
- Focus on sustainable and recyclable material chemistries
Get Full Report Here: Thermal Conductive Adhesives for Electric Vehicles Market – View in Detailed Research Report
The companies profiled above are not merely supplying adhesives—they’re enabling the next generation of high-performance, safe, and efficient electric vehicles through advanced material science innovations.
