The Global Thermally Conductive Plastic Market was valued at USD 7.80 Billion in 2023 and is projected to reach USD 18.35 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period (2024–2030). This remarkable growth is fueled by the surging demand for lightweight, efficient heat dissipation solutions in electric vehicles, 5G infrastructure, LED lighting, and consumer electronics, coupled with the transition away from traditional metals.

As industries worldwide grapple with miniaturization and higher power densities, thermally conductive plastics are emerging as a critical material solution that combines excellent heat management with design flexibility and corrosion resistance. In this blog, we profile the Top 10 Companies in the Thermally Conductive Plastic Industry—a dynamic mix of chemical giants, specialty compounders, and innovative material scientists shaping the future of thermal management.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ultramid® (PA), Ultradur® (PBT), Elastollan® TPU with high thermal conductivity

BASF is a global leader in engineered plastics, offering a comprehensive portfolio of thermally conductive compounds. Their materials are designed to replace metals in heat sinks, automotive components, and electronic housings, providing weight reduction and complex design possibilities.

Innovation & Sustainability Initiatives:

• Development of carbon fiber and graphite-filled compounds for ultra-high thermal conductivity

• Focus on sustainable solutions, including recycled content and bio-based polymers

• Global technical support and application development centers

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9️⃣ 2. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Bayblend®, Makrolon® (PC blends) with thermal conductivity additives

Covestro specializes in high-performance polycarbonates and blends that are enhanced for thermal management. Their materials are extensively used in LED applications, electrical connectors, and automotive sensor housings where heat dissipation is critical.

Innovation & Sustainability Initiatives:

• Advanced compounding technologies for homogenous filler distribution

• Commitment to circular economy with recycled polycarbonate-based compounds

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8️⃣ 3. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Zytel® HTN (PPA), Crastin® (PBT), Petra® thermoplastics

DuPont offers a wide range of high-performance thermoplastics engineered for thermal management. Their materials excel in under-the-hood automotive applications, motor components, and power electronics, providing stability at elevated temperatures.

Innovation & Sustainability Initiatives:

• Innovations in thermally conductive plastics for electric vehicle battery systems

• R&D focused on improving thermal conductivity without compromising mechanical properties

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7️⃣ 4. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Celanese® Hostaform® (POM), Celstran® LFT, Thermx® PCT

Celanese is a key player in engineered materials, providing thermally conductive compounds that serve demanding applications in the automotive, electrical, and industrial sectors. Their expertise lies in creating customized solutions for specific thermal and mechanical requirements.

Innovation & Sustainability Initiatives:

• Development of long-fiber thermoplastic compounds with enhanced thermal pathways

• Strategic acquisitions to expand materials portfolio and global reach

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Thermally Conductive Plastic Market – View in Detailed Research Report

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6️⃣ 5. Mitsubishi Engineering-Plastics Corporation

Headquarters: Tokyo, Japan
Key Offering: Iupital® (POM), Novader® (PC/ABS), Duranex® (PBT)

Mitsubishi Engineering-Plastics is a leading supplier in the Asia-Pacific region, offering a diverse range of thermally conductive compounds. Their materials are particularly strong in consumer electronics, automotive LED lighting, and power module applications.

Innovation & Sustainability Initiatives:

• Focus on high-flow materials for thin-wall applications in miniaturized electronics

• Development of halogen-free flame-retardant compounds with thermal conductivity

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5️⃣ 6. RTP Company

Headquarters: Winona, Minnesota, USA
Key Offering: Custom-engineered thermoplastic compounds with thermal conductivity

RTP Company specializes in custom-compounded thermoplastics, offering one of the industry’s broadest ranges of thermally conductive materials. They serve niche applications across aerospace, medical, and high-performance industrial sectors with tailored solutions.

Innovation & Sustainability Initiatives:

• Expertise in compounding exotic fillers including boron nitride and graphene

• Global manufacturing footprint with local technical support

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4️⃣ 7. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Toraycon® (PPS), Amilan® (PA), TORELINA® PPS compounds

Toray is a global leader in advanced materials, offering high-performance thermally conductive plastics that withstand extreme environments. Their materials are essential in automotive electrification, semiconductor manufacturing equipment, and high-temperature industrial applications.

Innovation & Sustainability Initiatives:

• Pioneering work in carbon fiber reinforced thermoplastics for thermal management

• Investment in sustainable material technologies and recycling initiatives

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3️⃣ 8. Saint-Gobain

Headquarters: Courbevoie, France
Key Offering: Norton® TC grades, high-performance plastics with thermal additives

Saint-Gobain brings extensive materials science expertise to the thermally conductive plastics market. Their offerings include specialized compounds for demanding applications in energy, transportation, and industrial equipment where reliability is paramount.

Innovation & Sustainability Initiatives:

• Integration of ceramic and mineral fillers for optimized thermal performance

• Focus on materials for renewable energy applications including solar and wind power

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2️⃣ 9. Avient Corporation (formerly PolyOne)

Headquarters: Avon Lake, Ohio, USA
Key Offering: Edgetek® TCS, Thermocomp® thermally conductive compounds

Avient is a premier provider of specialized polymer materials, offering comprehensive thermally conductive solutions through its acquisition of Clariant’s masterbatch business. Their materials serve diverse markets from consumer electronics to electric vehicle infrastructure.

Innovation & Sustainability Initiatives:

• Expansion of sustainable offerings including bio-based and recycled content compounds

• Global color and additive capabilities for aesthetically sensitive applications

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1️⃣ 10. Kaneka Corporation

Headquarters: Osaka, Japan
Key Offering: Kaneka TCP, specialty modified PPE, PA compounds

Kaneka specializes in high-performance polymers with excellent thermal management properties. Their thermally conductive plastics are particularly valued in electrical insulation applications, motor components, and electronic controls where both thermal and electrical properties are critical.

Innovation & Sustainability Initiatives:

• Development of thermally conductive but electrically insulating compounds

• Focus on materials supporting the growth of 5G infrastructure and IoT devices

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Thermally Conductive Plastic Market – View in Detailed Research Report

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🌍 Outlook: The Future of Thermal Management Is Lighter and Smarter

The thermally conductive plastic market is experiencing a paradigm shift as these advanced materials move from niche applications to mainstream adoption across multiple industries. While traditional materials like aluminum still dominate in volume, the industry is rapidly evolving toward high-performance polymer solutions that offer unprecedented design freedom and sustainability benefits.

📈 Key Trends Shaping the Market:

• Accelerated adoption in electric vehicle battery systems and power electronics

• Development of nano-enhanced composites offering thermal conductivity rivaling metals

• Growing emphasis on circular economy with recycled and bio-based thermally conductive compounds

• Increasing integration with additive manufacturing for complex thermal management geometries

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

The companies listed above are not only supplying advanced materials—they’re enabling the technological transformation of multiple industries by solving critical thermal challenges with innovative polymer solutions.