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 robust growth is fueled by escalating demand for lightweight, high-performance materials, the global transition to electric vehicles (EVs), and the relentless miniaturization of electronics requiring efficient thermal management solutions.

As industries worldwide prioritize energy efficiency and design flexibility, thermally conductive plastics are emerging as a superior alternative to traditional metals. In this blog, we profile the Top 10 Companies in the Thermally Conductive Plastic Industry—a dynamic mix of chemical giants, specialty compounders, and material science innovators shaping the thermal management landscape.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ultramid® (PA), Ultradur® (PBT), Elastocoat® systems

BASF is a global leader in engineering plastics, offering a comprehensive portfolio of thermally conductive polymers. Their materials are widely used in automotive components, consumer electronics, and LED lighting, providing excellent heat dissipation while reducing part weight and enabling complex designs.

Innovation Focus:

• Development of high-flow compounds for thin-wall applications

• Bio-based and recycled content options for sustainable solutions

• Strategic partnerships with OEMs for custom thermal management systems

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9️⃣ 2. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Bayblend®, Makrolon® (PC blends), Apec® (HT PC)

Covestro specializes in high-performance polycarbonates and blends that offer a unique combination of thermal conductivity, flame retardancy, and impact strength. Their materials are critical for electric vehicle charging infrastructure, 5G network equipment, and smart devices.

Innovation Focus:

• Advanced materials for battery housings and EV power electronics

• Focus on circular economy with certified renewable feedstock materials

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8️⃣ 3. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Celanese Thermally Conductive Polymers, GUR® UHMW-PE, Fortron® PPS

Celanese is a key player in engineered materials, providing thermally conductive compounds that withstand high temperatures and harsh environments. Their products are essential in automotive under-the-hood applications, industrial motors, and power conversion systems.

Innovation Focus:

• High-temperature polymers like PPS and PEEK for demanding applications

• Global production capacity expansion to meet growing market demand

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7️⃣ 4. Royal DSM (now part of DSM-Firmenich)

Headquarters: Heerlen, Netherlands
Key Offering: Stanyl® PA46, Akulon® PA6, ForTii® PA4T

DSM offers a range of high-performance polyamides renowned for their excellent thermal properties and mechanical strength. Their materials are widely specified in connectors, sensors, and LED applications where thermal management is critical to performance and longevity.

Innovation Focus:

• Bio-based and recycled content material solutions

• High-temperature materials for e-mobility and electronics

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Thermally Conductive Plastic Market – View in Detailed Research Report

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6️⃣ 5. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: Iupital® (POM), Duracon® (POM), NOVADURAN® (PBT)

Mitsubishi Chemical’s Engineering Plastics division provides advanced thermally conductive materials, particularly strong in the Asian market. Their products serve automotive, electrical, and IT sectors with a focus on reliability and performance under thermal stress.

Innovation Focus:

• Development of materials for next-generation power modules

• Expansion of high-heat resistance polymer portfolio

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5️⃣ 6. RTP Company

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

RTP Company is a leading specialty compounder that custom-formulates thermally conductive plastics to meet specific customer requirements. They offer one of the broadest ranges of engineered composites, serving diverse industries from medical devices to aerospace.

Innovation Focus:

• Tailored solutions with thermal conductivities from 1 to 50 W/mK

• Expertise in combining thermal conductivity with EMI shielding

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4️⃣ 7. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Toraycon® (PBT), Amilan® (PA6/66), Torelina® (PPS)

Toray is a global materials science innovator with advanced thermally conductive polymers for high-temperature applications. Their materials are critical in automotive electrification, particularly for components surrounding batteries and power control units.

Innovation Focus:

• Nanocomposite technology for enhanced thermal performance

• Materials supporting the transition to autonomous and electric vehicles

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3️⃣ 8. Saint-Gobain

Headquarters: Courbevoie, France
Key Offering: Norton® Thermoplastic Composites, SGL Carbon composites

Saint-Gobain, through its subsidiaries, offers advanced thermoplastic composites with excellent thermal management properties. Their materials are used in demanding applications including industrial equipment, transportation, and energy systems.

Innovation Focus:

• High-performance composites for thermal management in harsh environments

• Integration of thermal and electrical properties in single material solutions

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2️⃣ 9. HELLA GmbH & Co. KGaA

Headquarters: Lippstadt, Germany
Key Offering: Specialty compounds for automotive lighting and electronics

HELLA, a leading automotive supplier, develops and utilizes thermally conductive plastics primarily for their advanced LED lighting systems. Their expertise in thermal management for automotive applications makes them a significant consumer and innovator in this space.

Innovation Focus:

• Advanced thermal management solutions for next-generation automotive lighting

• Integration of sensors and electronics with efficient heat dissipation

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1️⃣ 10. Kaneka Corporation

Headquarters: Osaka, Japan
Key Offering: Kaneka Thermally Conductive Compounds, PHBH biopolymers

Kaneka develops innovative thermally conductive polymer compounds with a focus on sustainability. Their materials balance thermal performance with environmental considerations, serving electronics, automotive, and consumer goods markets.

Innovation Focus:

• Bio-based thermally conductive materials development

• Advanced compounding technologies for enhanced thermal properties

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Thermally Conductive Plastic Market – View in Detailed Research Report

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🌍 Outlook: The Future of Thermally Conductive Plastics Is Intelligent and Sustainable

The thermally conductive plastic market is experiencing a paradigm shift. As traditional metals reach their limitations in modern applications, advanced polymers are becoming the material of choice for thermal management across industries.

📈 Key Trends Shaping the Market:

• Explosive growth in EV battery components and power electronics

• Increasing adoption in 5G infrastructure and high-performance computing

• Development of sustainable and recyclable thermally conductive compounds

• Integration of multiple functionalities (thermal + electrical + EMI shielding)

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 plastic solutions.