The Global Thermal Interface Materials Market was valued at USD 1,349.49 Million in 2021 and is projected to reach USD 2,324.18 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 7.42% during the forecast period (2022–2028). This impressive growth trajectory is primarily driven by the escalating demand for heat management solutions in high-power electronics, rapid expansion of electric vehicles and 5G infrastructure, and the increasing adoption of advanced TIM formulations across consumer electronics, automotive, and telecommunications sectors.
As electronic devices continue to shrink in size while increasing in power density, efficient thermal management has become absolutely crucial for performance, reliability, and longevity. In this blog, we profile the Top 10 Companies in the Thermal Interface Materials Industry—a diverse mix of chemical giants, material specialists, and technology innovators shaping the thermal management landscape of tomorrow.
🔟 1. Henkel AG & Co. KGaA
Headquarters: Düsseldorf, Germany
Key Offering: Bergquist TIMs, Thermal Gap Fillers, Thermal Greases
Henkel is a global leader in thermal interface materials, renowned for its innovative Bergquist product line. The company provides comprehensive thermal management solutions for applications ranging from consumer electronics and automotive systems to industrial power modules. Through strategic acquisitions and continuous R&D, Henkel has developed a broad portfolio of thermally conductive adhesives, gap fillers, and phase change materials that serve the most demanding thermal challenges in advanced electronics packaging.
Innovation Focus:
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Advanced thermal gels and phase change materials
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High-performance gap fillers for electric vehicle batteries
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Development of eco-friendly, halogen-free formulations
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Global Thermal Interface Materials Market – View in Detailed Research Report
9️⃣ 2. Dow Inc.
Headquarters: Midland, Michigan, USA
Key Offering: Dow Silicones, Thermally Conductive Adhesives
Dow is a major player in the thermal interface materials market through its extensive silicone chemistry expertise. The company offers a wide range of thermally conductive silicones, adhesives, and gap fillers used extensively in automotive electronics, telecommunications infrastructure, and computing applications.
Innovation Focus:
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High-performance silicone thermal gels and elastomers
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Specialized TIMs for high-voltage EV battery systems
8️⃣ 3. Parker Hannifin Corporation
Headquarters: Cleveland, Ohio, USA
Key Offering: Chomerics TIMs, Therm-A-Gap Pads, Electrically Conductive Tapes
Parker Hannifin’s Chomerics division specializes in EMI shielding and thermal management materials. Their thermal interface materials are engineered to address the thermal bottleneck in power-dense electronic systems, with particular focus on aerospace, defense, and automotive sectors where reliability under extreme conditions is paramount.
Innovation Focus:
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Phase change materials and gap filler pads
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Custom thermal solutions for specific application requirements
7️⃣ 4. 3M Company
Headquarters: Maplewood, Minnesota, USA
Key Offering: Thermally Conductive Tapes, Adhesive Transfer Tapes
3M is an established leader in adhesive technologies and thermal management solutions. The company’s thermal interface material portfolio includes gap fillers, thermally conductive adhesives, and thermal interface pads designed for various electronic packaging applications.
Innovation Focus:
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Advanced thermally conductive adhesive transfer tapes
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Development of next-generation thermal management films
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Global Thermal Interface Materials Market – View in Detailed Research Report
6️⃣ 5. Shin-Etsu Chemical Co., Ltd.
Headquarters: Tokyo, Japan
Key Offering: Silicone-based Thermal Greases, Gap Fillers
Shin-Etsu Chemical is the world’s largest manufacturer of silicone products, including a comprehensive range of thermal interface materials. The company leverages its extensive silicone chemistry expertise to develop high-performance thermal management solutions for automotive, industrial, and consumer electronics markets.
Innovation Focus:
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High thermal conductivity silicone greases and pads
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Focus on high-reliability applications in harsh environments
5️⃣ 6. DuPont de Nemours, Inc.
Headquarters: Wilmington, Delaware, USA
Key Offering: Thermal Interface Materials, Thermally Conductive Adhesives
DuPont offers a diverse portfolio of thermal interface materials under its established brand names, including thermally conductive gap fillers, adhesives, and phase change materials for various electronic cooling applications.
Innovation Focus:
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Advanced thermal management films and gap fillers
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Development of thermally conductive but electrically insulating formulations
4️⃣ 7. Fujipoly America Corporation
Headquarters: Carteret, New Jersey, USA
Key Offering: Sarcon Thermal Pads, Gap Filler Pads, Thermal Tapes
Fujipoly specializes in high-performance thermal interface materials, particularly known for its Sarcon brand thermal pads that offer exceptional thermal conductivity and reliability in demanding applications.
Innovation Focus:
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Ultra-high thermal conductivity polymer-based materials
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Custom-engineered thermal solutions for specific application needs
3️⃣ 8. Panasonic Corporation
Headquarters: Osaka, Japan
Key Offering: PY series thermal interface materials, Electrically Insulating Pads
Panasonic’s electronic materials division offers a comprehensive range of thermal interface solutions, including thermally conductive sheets, gap fillers, and thermally conductive grease.
Innovation Focus:
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Advanced carbon-based thermal interface materials
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Development of thermal management solutions for next-generation power electronics.
Innovation Focus:
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High-thermal-conductivity graphite sheets
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Custom thermal solutions for automotive and industrial applications
2️⃣ 9. Aavid Thermalloy (Boyd Corporation)
Headquarters: Laconia, New Hampshire, USA
Key Offering: Thermal Interface Pads, Phase Change Materials, Thermal GreaseAavid Thermalloy, a Boyd Corporation company, is a global leader in thermal management technologies, offering a wide range of thermal interface materials and complete thermal solutions.
Innovation Focus:
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Comprehensive thermal interface material portfolio
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Integrated thermal management systems including heat sinks and TIMs
1️⃣ 10. Wacker Chemie AG
Headquarters: Munich, Germany
Key Offering: Silicone-based Thermal Interface Materials, Gap FillersWacker Chemie is a leading global chemical company with significant expertise in silicone chemistry, offering various thermal interface materials including thermally conductive greases, gap fillers, and adhesive systems.
Innovation Focus:
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High-performance silicone-based thermal interface materials
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Development of thermally conductive silicone elastomers and adhesives.
Innovation Focus:
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Development of eco-friendly thermal interface formulations
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Focus on automotive and power electronics applications
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Global Thermal Interface Materials Market – View in Detailed Research Report
🌍 Outlook: The Future of Thermal Interface Materials is High-Performance and Multi-Functional
The thermal interface materials market is undergoing a significant transformation driven by technological advancements and changing application requirements. While traditional thermal greases and pads continue to dominate the market, the industry is rapidly moving toward advanced composite materials, phase change technologies, and graphene-enhanced formulations that offer superior thermal performance while maintaining mechanical properties.
📈 Key Trends Shaping the Market:
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Increasing demand for high thermal conductivity materials (10+ W/mK)
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Rapid adoption of thermal gap fillers in electric vehicle battery systems
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Growing emphasis on reliability and long-term performance in critical applications
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Development of multi-functional TIMs that provide both thermal management and electrical insulation
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Expansion of 5G infrastructure driving demand for advanced thermal solutions
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Global Thermal Interface Materials Market – View in Detailed Research ReportThe companies listed above are not only addressing current thermal challenges in electronics—they’re pioneering the next generation of thermal management solutions that will enable future technological innovations across industries.
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