The Global Thermal Graphite Sheet Market was valued at USD 487.3 Million in 2024 and is projected to reach USD 842.1 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period (2024–2030). This robust growth is fueled by soaring demand for high-performance thermal management solutions in consumer electronics, the rapid rollout of 5G infrastructure, and the increasing power density of electric vehicle (EV) batteries and power electronics.

As electronic devices become more powerful and compact, the challenge of dissipating heat efficiently has become a critical design constraint. Thermal Graphite Sheets (TGS), with their exceptional in-plane thermal conductivity and lightweight, flexible properties, are at the forefront of solving this challenge. In this analysis, we profile the Top 10 Companies in the Thermal Graphite Sheet Industry—a group of material science innovators and manufacturing leaders shaping the future of thermal management.

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🔟 1. Kaneka Corporation

Headquarters: Osaka, Japan
Key Offering: PyroGraph, Flexible Graphite Sheets (FGS)

Kaneka Corporation is a global leader in the development and manufacturing of high-performance Pyrolytic Graphite Sheets (PGS). Their proprietary PyroGraph® sheets exhibit superior in-plane thermal conductivity, making them a preferred choice for cooling smartphones, tablets, and other compact electronic devices where space is at a premium.

Innovation and Market Position:

• Pioneer in Pyrolytic Graphite Sheet (PGS) technology
• Widely adopted by major smartphone OEMs globally
• Continuous R&D focused on enhancing thermal conductivity and reducing thickness

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9️⃣ 2. Panasonic Corporation

Headquarters: Kadoma, Osaka, Japan
Key Offering: PGS (Pyrolytic Graphite Sheet), Soft-PGS

Panasonic is a dominant force in the TGS market, supplying its high-quality PGS to a vast ecosystem of electronics manufacturers. The company’s materials are integral to managing heat in applications ranging from LED lighting modules to sophisticated automotive electronics and communication base stations.

Innovation and Market Position:

• Mass production capabilities for large-volume consumer electronics
• Development of “Soft-PGS” for applications requiring high flexibility
• Strong partnerships with automotive Tier-1 suppliers for EV thermal management

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8️⃣ 3. NeoGraf Solutions

Headquarters: Lakewood, Ohio, USA
Key Offering: GrafTech SFG® Flexible Graphite Sheets

Formerly part of GrafTech International, NeoGraf Solutions is a key supplier of flexible graphite products in North America. Their GrafTech SFG® sheets are known for reliability and are used in diverse applications, including heat spreaders in laptops, power supplies, and industrial equipment.

Innovation and Market Position:

• Vertically integrated manufacturing from raw material to finished sheet
• Strong focus on the North American and European markets
• Customizable sheet properties for specific thermal and mechanical requirements

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7️⃣ 4. Toyo Tanso Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: UCAR-THERM Graphite Sheets, Isotropic Graphite

Toyo Tanso is a specialist in carbon and graphite products with a significant presence in the high-performance TGS segment. The company’s extensive experience in graphite material science allows it to produce sheets with consistent quality for demanding applications in the semiconductor and aerospace industries.

Innovation and Market Position:

• Expertise in both isotropic and flexible graphite materials
• Serves high-reliability markets like aerospace and defense
• Invests in R&D for next-generation thermal interface materials (TIMs)

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6️⃣ 5. Jones Tech PLC

Headquarters: Jiangsu, China
Key Offering: Artificial Graphite Sheets, Composite Thermal Materials

Jones Tech is one of China’s leading manufacturers of electromagnetic shielding and thermal management materials. The company has rapidly expanded its TGS product portfolio, capitalizing on the massive domestic electronics manufacturing sector and growing export markets.

Innovation and Market Position:

• Major supplier to Chinese smartphone and consumer electronics brands
• Integrated production of thermal and EMI shielding solutions
• Competitive pricing and strong logistics network within Asia

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5️⃣ 6. Tanyuan Technology Co., Ltd.

Headquarters: Suzhou, China
Key Offering: Artificial Graphite Films, Nano Thermal Interface Materials

Tanyuan Technology specializes in the research and production of ultra-thin artificial graphite films. The company focuses on the high-end market, providing solutions for ultra-slim devices like foldable phones and advanced wearables that require maximum thermal performance in minimal space.

Innovation and Market Position:

• Specialization in ultra-thin (sub-25 micron) graphite sheets
• Strong R&D capabilities in nanomaterials
• Growing patent portfolio in advanced thermal management technologies

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4️⃣ 7. Changzhou Fuxi Technology Co., Ltd

Headquarters: Changzhou, Jiangsu, China
Key Offering: Graphite Heat Spreaders, Thermal Conductive Paste

Changzhou Fuxi Technology is a significant player in China’s thermal management market, offering a range of TGS products. The company serves a broad customer base, from consumer electronics to new energy vehicles, leveraging China’s robust manufacturing infrastructure.

Innovation and Market Position:

• Comprehensive product portfolio including graphite sheets and thermal pads
• Strategic focus on the expanding Electric Vehicle (EV) battery thermal management sector
• Cost-effective manufacturing solutions for volume-driven applications

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3️⃣ 8. Suzhou Dasen Electronics Material Co., Ltd.

Headquarters: Suzhou, Jiangsu, China
Key Offering: High Thermal Conductivity Graphite Sheets, Double-Sided Tapes

Suzhou Dasen provides material solutions that often combine thermal management with adhesion. Their expertise lies in creating TGS products with integrated adhesive layers, simplifying the assembly process for electronics manufacturers.

Innovation and Market Position:

• Specializes in TGS with pre-applied adhesive systems
• Focus on providing complete thermal management component solutions
• Strong presence in the domestic Chinese display and LED lighting industries

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2️⃣ 9. Stoneplus Thermal Management Technologies

Headquarters: Shenzhen, Guangdong, China
Key Offering: Thermal Graphite Films, Graphene-based Sheets

Stoneplus is an emerging innovator, actively developing both conventional graphite sheets and next-generation graphene-enhanced thermal materials. The company is positioned to capitalize on the transition to more advanced 2D material-based cooling solutions.

Innovation and Market Position:

• Investment in graphene R&D for future thermal management applications
• Agile company structure allowing for rapid customization
• Targeting high-growth sectors like data center cooling and high-power LEDs

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1️⃣ 10. Lodestar Technology Co., Ltd.

Headquarters: Dongguan, Guangdong, China
Key Offering: Graphite Heat Spreaders, Thermal Conductive Silicone Pads

Lodestar Technology rounds out the top ten as a reliable supplier of thermal interface materials. The company offers a range of TGS options and has built a reputation for consistent quality and service, particularly within the vibrant electronics manufacturing hubs of Southern China.

Innovation and Market Position:

• Provides a one-stop-shop for various thermal management materials
• Strong logistical support for Just-In-Time (JIT) manufacturing
• Focuses on cost-performance optimization for mid-range electronic devices

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

The Thermal Graphite Sheet market is in a phase of accelerated innovation. As the performance demands of electronics continue to outpace the capabilities of traditional cooling methods, TGS is evolving from a specialized component to a mainstream thermal management staple.

📈 Key Trends Shaping the Market:

• Migration to ultra-thin and multi-layer graphite films for foldable phones and wearables
• Increasing adoption in EV battery packs and power inverters for enhanced safety and longevity
• Integration of TGS with other materials (e.g., phase change materials, metal foils) to create hybrid solutions
• Growing emphasis on sustainable and recyclable graphite material sourcing and production processes

Get Full Report Here: Thermal Graphite Sheet Market – View in Detailed Research Report

The companies listed above are not only supplying a critical material—they are enabling the next wave of electronic innovation by keeping our devices cool, efficient, and reliable.