The Global Thermally Conductive Tape Market was valued at USD 1.23 Billion in 2024 and is projected to reach USD 2.15 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period (2024–2030). This significant growth is fueled by the relentless miniaturization of electronics, soaring demand for effective thermal management in high-power devices, and the accelerating adoption of 5G technology, electric vehicles (EVs), and advanced consumer electronics.

As the world becomes increasingly electrified and connected, the critical role of thermal management solutions in ensuring device reliability, performance, and longevity is more pronounced than ever. In this blog, we profile the Top 10 Companies in the Thermally Conductive Tape Industry—a dynamic mix of global chemical giants, specialty materials innovators, and adhesive technology leaders shaping the future of heat dissipation.

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🔟 1. 3M Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: 3M™ Thermally Conductive Adhesive Tapes, Silicone-based Tapes, Acrylic-based Tapes

3M is a global leader in adhesive technologies and a cornerstone of the thermally conductive tape market. The company offers a comprehensive portfolio of tapes designed for bonding heat sinks, EMI shielding, and component assembly in demanding electronic applications. Their products are renowned for high thermal conductivity, reliable adhesion, and durability across a wide temperature range.

Innovation Initiatives:

• Development of next-generation tapes with higher thermal conductivity (>3.0 W/mK)

• Focus on sustainable material formulations and manufacturing processes

• Extensive R&D investment in materials science for 5G and EV applications

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9️⃣ 2. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: Loctite® Tapes, Bergquist Brand Gap Pad® TCO Tapes

Henkel, through its acquisition of Bergquist, is a dominant force in thermal management materials. The company provides a wide array of thermally conductive adhesive tapes and interface materials under its renowned Loctite and Bergquist brands, serving industries from automotive electronics to telecommunications infrastructure.

Innovation Initiatives:

• Expansion of product lines for electric vehicle battery pack assembly and power electronics

• Integration of thermally conductive and electrically insulating properties in single-tape solutions

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8️⃣ 3. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: DuPont™ Teflon-based Tapes, Kapton® Tapes, Specialty Polyimide Films

DuPont is a key material science innovator, offering high-performance tapes that excel in extreme environments. Their polyimide-based tapes provide excellent thermal stability, dielectric strength, and chemical resistance, making them ideal for aerospace, automotive, and high-reliability electronics.

Innovation Initiatives:

• Advancements in thin, flexible tapes for conformal heat spreader applications

• Development of tapes capable of withstanding temperatures exceeding 200°C continuously

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7️⃣ 4. Furukawa Electric Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: “T-Global” Series Thermal Tapes, Aluminum-backed Tapes, Graphite Tapes

Furukawa Electric is a major Japanese player with a strong focus on thermal interface materials. Its “T-Global” brand is widely recognized for high-performance thermally conductive tapes used in LED lighting, power modules, and consumer electronics across Asia and globally.

Innovation Initiatives:

• Specialization in graphite-based tapes for anisotropic heat spreading

• Strategic focus on the burgeoning Asian electronics manufacturing market

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6️⃣ 5. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Elastosil® Tapes, Acrylic-based Thermal Tapes

BASF, a global chemical powerhouse, leverages its expertise in polymers and fillers to produce high-quality thermally conductive adhesive tapes. Their products are engineered for applications requiring a balance of thermal performance, processability, and cost-effectiveness.

Innovation Initiatives:

• Utilization of advanced filler technology (e.g., boron nitride, alumina) to enhance thermal conductivity

• Commitment to developing bio-based and recyclable adhesive systems

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5️⃣ 6. Nitto Denko Corporation

Headquarters: Osaka, Japan
Key Offering: HITACHI Chemical (acquired) Thermal Tapes, Double-sided Tapes with Thermal Properties

Nitto Denko, following its integration of Hitachi Chemical’s business, is a formidable competitor in the electronic materials space. The company offers a diverse range of tapes tailored for semiconductor packaging, display modules, and automotive sensors.

Innovation Initiatives:

• Focus on ultra-thin tapes for high-density electronic packaging

• Development of tapes with low outgassing properties for vacuum environments

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4️⃣ 7. Saint-Gobain S.A.

Headquarters: Courbevoie, France
Key Offering: Boron Nitride Tapes, Specialty Ceramic-based Tapes

Saint-Gobain offers high-performance thermal management solutions through its specialty ceramics division. The company’s boron nitride tapes are particularly notable for providing exceptional thermal conductivity alongside high electrical insulation, serving demanding applications in power electronics.

Innovation Initiatives:

• Pioneering research into ceramic matrix composites for thermal tapes

• Expansion of product portfolio for next-generation wide-bandgap semiconductors (SiC, GaN)

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3️⃣ 8. Laird Performance Materials

Headquarters: London, United Kingdom
Key Offering: Tflex™ Tapes, SoftSil® Tapes, Gap Pad® TCO Tapes (Post-Henkel acquisition legacy)

Laird Performance Materials is a specialist in electromagnetic and thermal management. The company provides thermally conductive tapes that are often part of larger EMI shielding and thermal system solutions, particularly for the telecommunications and computing industries.

Innovation Initiatives:

• Integration of thermal and EMI management in multifunctional tape products

• Development of phase change materials (PCMs) integrated into tape formats

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2️⃣ 9. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Silicone-based Thermal Conductive Tapes, X-23-7762 Series

As one of the world’s largest silicone manufacturers, Shin-Etsu possesses a fundamental material advantage. The company produces high-purity silicone-based thermally conductive tapes known for their long-term reliability, flexibility, and stability under thermal cycling.

Innovation Initiatives:

• Vertical integration from silicone polymers to finished tape products

• Focus on high-thermal-conductivity fillers and their dispersion technology

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1️⃣ 10. Wacker Chemie AG

Headquarters: Munich, Germany
Key Offering: SEMICOSIL® Tapes, Silicone Elastomer-based Tapes

Wacker Chemie is a leading global silicone producer that supplies materials for thermally conductive tapes. Their high-consistency rubber (HCR) and other silicone specialties form the base for tapes that offer excellent thermal transfer and environmental resistance.

Innovation Initiatives:

• Development of thermally conductive liquid silicone rubber (LSR) for tape applications

• Investment in sustainable silicones and green chemistry initiatives

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🌍 Outlook: The Future of Thermally Conductive Tape Is Smarter and More Integrated

The thermally conductive tape market is undergoing a profound transformation. As electronic devices pack more power into smaller form factors, the demand for advanced thermal management solutions that are also easy to assemble is skyrocketing. The industry is moving beyond simple adhesion to multifunctional, high-performance materials.

📈 Key Trends Shaping the Market:

• EV and Automotive Electronics Boom: Exponential growth in electric vehicles is driving demand for tapes used in battery packs, inverters, and onboard chargers.

• 5G Infrastructure Rollout: The deployment of 5G networks requires thermal tapes for base station electronics and massive MIMO antennas.

• Advanced Packaging: Heterogeneous integration and 3D packaging in semiconductors create new thermal challenges addressed by specialized tapes.

• Material Science Advancements: Ongoing R&D into new filler materials like graphene and carbon nanotubes promises tapes with significantly higher thermal conductivity.

The companies listed above are not only supplying critical materials—they are enabling the technological progress of the digital age by keeping our electronics cool, efficient, and reliable.

Get Full Report Here: Thermally Conductive Tape Market – View in Detailed Research Report