The Global High Thermal Interface Materials (TIM) for Electric Vehicles Market was valued at approximately USD 458 Million in 2025 and is projected to reach USD 1.85 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 16.8% during the forecast period (2024–2034). This explosive growth is primarily driven by the escalating global adoption of electric vehicles, increasing power densities in EV batteries and electronics, and stringent thermal management requirements for safety and performance.

As the EV industry accelerates, the critical role of Thermal Interface Materials in managing heat dissipation from battery packs, power electronics, and drive motors is coming into sharp focus. These materials are the unsung heroes ensuring reliability, efficiency, and longevity. In this blog, we profile the Top 10 Companies in the High Thermal Interface Materials for Electric Vehicles Industry—specialty chemical giants and material science innovators shaping the thermal management landscape for the future of mobility.

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High Thermal Interface Materials (TIM) for Electric Vehicles Market – View in Detailed Research Report

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🔟 1. Parker Hannifin (LORD Corporation)

Headquarters: Cleveland, Ohio, USA
Key Offering: Thermagon® Tputes™ TIMs, Silicone-based Gap Fillers, Thermally Conductive Adhesives

Following its acquisition of LORD Corporation, Parker Hannifin has become a dominant force in high-performance TIMs. Its Thermagon brand offers a wide portfolio of materials specifically engineered for the demanding thermal and environmental conditions of electric vehicle battery packs and power modules. Their products are known for high thermal conductivity and long-term reliability under thermal cycling.

Innovation & Market Position:

• Leading supplier to major global automotive OEMs and Tier-1 suppliers
• Strong R&D focus on next-generation phase change materials and graphite sheets
• Comprehensive solutions for battery cell-to-cell and module-to-cooling plate interfaces

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9️⃣ 2. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: Loctite® Thermal Interface Materials, Bergquist Gap Pads, Thermally Conductive Adhesives & Encapsulants

Henkel is a global powerhouse in adhesives and functional materials, with a vast portfolio of TIMs under its Loctite and Bergquist brands. The company provides critical thermal management solutions for EV battery systems, power inverters, and onboard chargers, focusing on materials that offer excellent thermal performance alongside mechanical stability and ease of application.

Innovation & Market Position:

• Extensive global manufacturing and technical support network
• Innovations in thermally conductive gap filler pads and dispensable gels
• Strategic focus on sustainability with developments in silicone-free TIM formulations

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8️⃣ 3. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: DuPont™ Bergquist TIM, DuPont™ TC thermal gels, DuPont™ Pyralux flexible circuits with integrated thermal management

DuPont offers a sophisticated range of high-performance materials for the electronics and automotive industries. Its TIM portfolio is designed to meet the extreme thermal challenges in EVs, providing solutions that ensure efficient heat transfer from high-power semiconductors and battery cells to cooling systems, thereby maximizing performance and preventing thermal runaway.

Innovation & Market Position:

• Pioneer in advanced material science for harsh environments
• Integration of thermal management with other functionalities like electrical insulation
• Strong collaboration with automotive electronics suppliers worldwide

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7️⃣ 4. 3M Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: 3M™ Thermally Conductive Adhesives, 3M™ Heat Transfer Tapes, 3M™ Boron Nitride Cooling Fillers

3M’s diverse innovation engine has produced a wide array of TIM solutions critical for EV thermal management. Known for its reliability and consistency, 3M provides thermally conductive tapes, adhesives, and gap fillers that are used extensively in battery assembly and power electronic modules, helping to dissipate heat efficiently in compact spaces.

Innovation & Market Position:

• Global brand recognition and trusted quality standards
• Broad portfolio catering to different thermal conductivity needs and application methods
• Ongoing R&D in high-thermal-conductivity fillers like boron nitride

Download FREE Sample Report:
High Thermal Interface Materials (TIM) for Electric Vehicles Market – View in Detailed Research Report

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6️⃣ 5. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Silicone-based thermal grease, Silicone rubber sheets, Gel-type thermal interface materials

As one of the world’s largest silicone manufacturers, Shin-Etsu Chemical holds a significant share in the silicone-based TIM market. Its high-purity silicones are fundamental components in thermal greases and gels used for EV power control units and battery thermal management systems, prized for their stability and performance over a wide temperature range.

Innovation & Market Position:

• Vertically integrated silicone production ensures supply chain security
• Focus on high-reliability materials for automotive-grade applications
• Strong presence in the Asian EV supply chain

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5️⃣ 6. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: DOWSIL™ Thermal Interface Materials, Silicone gels, Thermally Conductive Encapsulants

Dow’s DOWSIL brand is synonymous with high-performance silicones, including a comprehensive line of TIMs. These materials are engineered to provide effective heat dissipation in demanding EV applications, such as between battery cells and cooling plates, while also offering properties like low stress and excellent environmental resistance.

Innovation & Market Position:

• Extensive experience in silicone chemistry and formulation
• Development of fast-curing and low-bleed TIMs for automated assembly lines
• Commitment to developing sustainable material solutions

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4️⃣ 7. Saint-Gobain

Headquarters: Courbevoie, France
Key Offering: NORTHERM® Gap Pads, Graphite-based TIMs, Silicone-free Thermal Materials

Saint-Gobain, through its subsidiary Saint-Gobain Performance Plastics, offers high-performance polymer-based TIMs. The NORTHERM series includes gap pads and thermally conductive tapes that are used for isolating and managing heat in EV battery packs and electronic control units, with a focus on durability and fire resistance.

Innovation & Market Position:

• Expertise in engineered materials for extreme conditions
• Growing portfolio of silicone-free and graphite-based alternatives
• Strong application engineering support for custom solutions

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3️⃣ 8. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Honeywell PTM Thermal Interface Materials, Phase Change Materials, Thermally Conductive Adhesives

Honeywell’s electronic materials division produces advanced TIMs, including its proprietary Phase Change Materials (PCMs). These materials are highly effective in EV applications as they offer low thermal resistance and are designed to handle the thermal expansion and contraction cycles common in electric vehicle operations, ensuring consistent performance.

Innovation & Market Position:

• Leadership in phase change technology for thermal management
• Materials designed for high-volume, automated manufacturing processes
• Focus on enhancing battery safety and lifecycle through improved thermal regulation

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2️⃣ 9. Boyd Corporation

Headquarters: Pleasanton, California, USA
Key Offering: Aavid Thermalloy TIMs, Gap Pads, Liquid Gap Fillers, Thermal Insulation Materials

Boyd Corporation, after integrating Aavid Thermalloy, is a leading thermal management specialist. It provides a full spectrum of TIM solutions, from standard gap pads to custom-engineered thermal stacks. Boyd’s strength lies in offering complete thermal management systems that combine TIMs with heat sinks and other components, providing optimized solutions for EV manufacturers.

Innovation & Market Position:

• Systems-level approach to thermal management
• Capability to provide custom-shaped and die-cut TIM solutions
• Global manufacturing footprint to serve international automotive clients

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1️⃣ 10. Wacker Chemie AG

Headquarters: Munich, Germany
Key Offering: SEMICOSIL® TC Thermal Conductive Silicones, Elastomeric TIMs, Gel-type Heat Conduction Materials

Wacker is a major global producer of silicones and offers a specialized range of thermally conductive silicone products. Its SEMICOSIL TC series includes gels, adhesives, and encapsulants that provide excellent heat dissipation and electrical insulation, making them ideal for protecting sensitive electronics in electric vehicles from overheating.

Innovation & Market Position:

• Strong focus on high-purity, high-performance silicone chemistries
• Development of thermally conductive materials with enhanced processability
• Strategic partnerships with European automotive OEMs and suppliers

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High Thermal Interface Materials (TIM) for Electric Vehicles Market – View in Detailed Research Report

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

The High Thermal Interface Materials market for Electric Vehicles is at a pivotal juncture. As EV architectures evolve towards higher voltages, faster charging, and greater energy densities, the demand for advanced TIMs that offer superior thermal conductivity, reliability, and manufacturability will intensify.

📈 Key Trends Shaping the Market:

• Shift to Higher Conductivity: Demand for TIMs with thermal conductivity exceeding 5-10 W/mK for next-generation battery and power electronics.
• Material Innovation: Rapid development of non-silicone, phase change, and graphite-based materials to overcome limitations of traditional products.
• Automation-Friendly Formats: Growing preference for dispensable gels, pads with protective liners, and films to suit high-volume robotic assembly lines.
• Focus on Sustainability: Increased R&D into recyclable and bio-based thermal interface materials to align with the green ethos of electric mobility.

Get Full Report Here:
High Thermal Interface Materials (TIM) for Electric Vehicles Market – View in Detailed Research Report

The companies listed above are not only supplying essential components—they are enabling the thermal stability and safety that underpin the mass adoption of electric vehicles worldwide.