The Global Thermal Interface Tapes & Films Market was valued at USD 1.68 Billion in 2024 and is projected to reach USD 2.47 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period (2024–2030). This growth is being driven by the relentless miniaturization of electronics, rising power densities in devices, and the accelerating demand for efficient heat management solutions across consumer electronics, automotive, and telecommunications sectors.

As the world becomes increasingly connected and powered by high-performance electronics, the critical role of thermal management materials cannot be overstated. In this blog, we profile the Top 10 Companies in the Thermal Interface Tapes & Films Industry—a mix of chemical giants, material science innovators, and specialty manufacturers shaping the thermal performance of next-generation technology.

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🔟 1. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Phase Change Materials (PCMs), Thermally Conductive Tapes, Gap Fillers

Honeywell is a global leader in advanced materials, offering a comprehensive portfolio of thermal interface solutions. Their products are engineered for high reliability in demanding applications, including aerospace, defense, and high-performance computing, leveraging proprietary polymer and filler technologies.

Innovation Initiatives:

• Development of high-thermal-conductivity PCMs for 5G infrastructure

• Advanced materials for electric vehicle battery thermal management systems

• Investment in sustainable and halogen-free material formulations

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9️⃣ 2. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: Thermally Conductive Adhesive Tapes, Acrylic Tapes, Silicone-based Films

3M’s Electronics Materials Solutions Division is a powerhouse in the thermal interface materials space. Known for its vast R&D capabilities, 3M provides solutions that address electromagnetic interference (EMI) shielding and thermal management simultaneously, which is critical for compact electronic designs.

Innovation Initiatives:

• Pioneering double-sided thermally conductive tapes for component bonding

• Expanding product lines for automotive LED lighting and ADAS systems

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8️⃣ 3. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: LOCTITE® Tapes, Bergquist Gap Pads, Non-Silicone Thermal Films

Following its strategic acquisition of The Bergquist Company, Henkel has solidified its position as a top-tier supplier. The company offers an extensive range of products, from soft, compliant gap pads to high-performance thermal tapes, serving the entire spectrum of the electronics industry.

Innovation Initiatives:

• Integration of Bergquist’s product lines into a global supply chain

• Focus on next-generation thermal materials for AI servers and data centers

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Thermal Interface Tapes & Films Market – View in Detailed Research Report

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7️⃣ 4. Parker Hannifin Corporation

Headquarters: Cleveland, Ohio, USA
Key Offering: CHO-THERM® Tapes, Sil-Pad® Thermal Interface Materials, Environmentally Friendly Films

Parker Hannifin’s Chomerics Division is renowned for its high-performance thermal interface materials. The company specializes in materials that provide excellent thermal conductivity while maintaining electrical isolation, which is essential for power electronics and electric vehicle systems.

Innovation Initiatives:

• Development of fiber-reinforced silicone sheets for enhanced durability

• Thermal solutions tailored for wide-bandgap semiconductors (SiC, GaN)

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6️⃣ 5. Dow Corning Corporation (Part of Dow Inc.)

Headquarters: Midland, Michigan, USA
Key Offering: Silicone-based Thermal Tapes, Thermally Conductive Elastomers, Adhesives

Dow, built on a legacy of silicone innovation through Dow Corning, offers superior thermal interface materials that withstand extreme temperatures and environmental stress. Their silicone-based products are known for long-term stability and reliability in harsh operating conditions.

Innovation Initiatives:

• Expansion of product portfolio for renewable energy applications (solar, wind)

• Development of low-bleed silicones for sensitive optical and display applications

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5️⃣ 6. Laird Performance Materials

Headquarters: St. Louis, Missouri, USA
Key Offering: Tflex™ Tapes, Tputty™ Gap Fillers, Tpcm™ Phase Change Materials

Laird Performance Materials is a dedicated provider of electromagnetic and thermal management solutions. Their product range is designed for ease of application and high performance in space-constrained devices like smartphones, wearables, and IoT sensors.

Innovation Initiatives:

• Focus on ultra-soft, high-conformability materials for uneven surfaces

• Customizable die-cut solutions for high-volume manufacturing

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4️⃣ 7. Momentive Performance Materials Inc.

Headquarters: Waterford, New York, USA
Key Offering: Silicone Thermal Gap Pads, Adhesives, High-Temperature Films

Momentive specializes in silicone technology, producing thermal interface materials that offer excellent compression set resistance and thermal stability. Their products are critical in applications ranging from automotive control units to industrial motor drives.

Innovation Initiatives:

• Investment in high-purity silicones for medical and military electronics

• Development of thermally conductive but electrically insulating one-part RTVs

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3️⃣ 8. The Bergquist Company, Inc. (Now part of Henkel)

Headquarters: Chanhassen, Minnesota, USA
Key Offering: Gap Pad® VO, Sil-Pad® K-10, Hi-Flow® Tapes

As a historically independent leader now integrated into Henkel, Bergquist’s legacy of innovation continues. The company is famed for its Gap Pad® series, which set industry standards for thermal performance and ease of handling in production environments.

Innovation Initiatives:

• Ongoing R&D on non-silicone, fiber-free thermal interface materials

• Product development for high-voltage applications in electric vehicles

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2️⃣ 9. Indium Corporation

Headquarters: Clinton, New York, USA
Key Offering: Indium Foil Tapes, Thermal Interface Films, Solder Preforms

Indium Corporation brings a unique expertise in metal-based thermal interface materials, including pure indium foils and alloy-based films. These products offer exceptionally high thermal conductivity for specialized applications where maximum heat dissipation is paramount, such as power semiconductors and laser diodes.

Innovation Initiatives:

• Development of low-temperature melting alloys (LTMA) for transient thermal interfaces

• Research into recyclable and lead-free metal TIM solutions

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1️⃣ 10. Wakefield-Vette, Inc.

Headquarters: Laconia, New Hampshire, USA
Key Offering: Thermal Clad Tapes, Interface Pads, Graphite Films

Wakefield-Vette specializes in cooling solutions for the electronics industry, offering a range of thermal interface tapes and films. The company provides both standard and custom-engineered solutions, working closely with customers to optimize thermal performance in specific applications, from servers to telecommunications equipment.

Innovation Initiatives:

• Expansion of graphite-based thermal spreader films

• Custom die-cutting services for complex assembly requirements

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Thermal Interface Tapes & Films Market – View in Detailed Research Report

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

The thermal interface tapes and films market is undergoing a significant transformation. As electronic devices push the boundaries of performance, thermal management solutions must evolve to become thinner, more conductive, and easier to integrate into automated manufacturing processes.

📈 Key Trends Shaping the Market:

• Rise of high-thermal-conductivity graphite and carbon-based films

• Growing demand for non-silicone materials to prevent contamination in sensitive assembly

• Integration of thermal interface materials with other functions like adhesion and EMI shielding

• Increased adoption in the electric vehicle sector for battery and power module thermal management

Get Full Report Here:
Thermal Interface Tapes & Films Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials—they are enabling the thermal integrity and reliability of the world’s most advanced electronics.