The Global Thermal Epoxy Market was valued at USD 2.83 Billion in 2025 and is projected to reach USD 4.51 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period (2024–2034). This robust growth is being fueled by the escalating demand for efficient heat dissipation in electronics, expansion in construction and infrastructure development, and the accelerating adoption of advanced materials in electric vehicles and renewable energy systems.

As industries worldwide prioritize thermal management for enhanced performance and longevity of components, the focus shifts to the key material suppliers driving innovation, reliability, and sustainability. In this analysis, we profile the Top 10 Companies in the Thermal Epoxy Industry—a diverse group of chemical giants, specialty formulators, and advanced material specialists shaping the future of heat management solutions.

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🔟 1. 3M Company

Headquarters: Maplewood, Minnesota, USA
Key Offering: Electrically Conductive Adhesives, Thermally Conductive Epoxies, Gap Fillers

3M is a global leader in advanced materials, offering a comprehensive portfolio of thermal epoxy formulations under its Electronic Materials Solutions division. Their products are renowned for high thermal conductivity, excellent adhesion, and reliability in demanding applications from consumer electronics to aerospace.

Innovation Focus:

• Development of high-performance thermally conductive adhesives and potting compounds

• R&D in nano-enhanced epoxy systems for superior heat transfer

• Sustainable material initiatives and reduced environmental impact formulations

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Epoxy Resin Systems, Thermal Interface Materials, Composite Solutions

BASF’s Performance Chemicals division provides sophisticated thermal epoxy systems tailored for electronics, automotive, and industrial applications. The company leverages its extensive chemical expertise to develop customized formulations with precise thermal management properties.

Innovation Focus:

• Advanced epoxy composites with enhanced thermal conductivity

• Specialty formulations for electric vehicle battery thermal management

• Circular economy approaches in epoxy production

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8️⃣ 3. Hexion Inc.

Headquarters: Columbus, Ohio, USA
Key Offering: Epoxy Resins, Curing Agents, Formulated Systems

Hexion is a leading global producer of thermoset resins, offering specialized thermal epoxy systems for various industrial applications. Their product portfolio includes epoxy formulations designed for optimal thermal conductivity and mechanical performance in challenging environments.

Innovation Focus:

• High-temperature resistant epoxy systems for automotive and aerospace

• Custom formulations for specific thermal management requirements

• Global manufacturing footprint ensuring supply chain reliability

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7️⃣ 4. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Advanced Epoxy Formulations, Thermal Interface Materials

Huntsman’s Advanced Materials division develops high-performance epoxy systems with excellent thermal properties. Their products serve diverse markets including electronics, transportation, and industrial equipment where efficient heat dissipation is critical.

Innovation Focus:

• Specialty epoxy systems for LED thermal management

• Formulations balancing thermal conductivity with electrical insulation

• Sustainable development in epoxy chemistry

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6️⃣ 5. Olin Corporation

Headquarters: Clayton, Missouri, USA
Key Offering: Epoxy Resins, Curing Agents, Specialty Formulations

Olin is a major global producer of epoxy materials, offering thermal management solutions through its Epoxy business segment. The company provides both standard and custom-formulated epoxy systems designed for optimal thermal performance across various applications.

Innovation Focus:

• Epoxy systems for electronic encapsulation and thermal management

• High-purity epoxy products for sensitive electronic applications

• Strategic partnerships with downstream formulators and manufacturers

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5️⃣ 6. Sika AG

Headquarters: Baar, Switzerland
Key Offering: Construction Epoxies, Industrial Adhesives, Thermal Management Solutions

Sika offers specialized thermal epoxy products primarily for construction and industrial applications. Their formulations provide excellent thermal conductivity while maintaining strong adhesion and durability in demanding environments.

Innovation Focus:

• Thermal epoxy systems for floor heating and underfloor applications

• High-performance adhesives with thermal management properties

• Global application expertise and technical support services

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4️⃣ 7. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: High-Performance Polymers, Composite Materials, Specialty Epoxies

Solvay’s advanced materials portfolio includes sophisticated thermal epoxy systems designed for extreme environments. Their products serve aerospace, automotive, and electronics industries where thermal management is mission-critical.

Innovation Focus:

• High-temperature epoxy systems for aerospace composites

• Thermally conductive formulations for electric vehicle components

• Sustainable material development and circular economy initiatives

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3️⃣ 8. Master Bond Inc.

Headquarters: Hackensack, New Jersey, USA
Key Offering: Specialty Epoxy Adhesives, Thermally Conductive Formulations

Master Bond specializes in high-performance epoxy adhesives and sealants, including formulations optimized for thermal management. The company offers both standard and custom epoxy systems with precise thermal conductivity properties for specialized applications.

Innovation Focus:

• Custom-formulated thermal epoxies for specific application requirements

• Two-part epoxy systems with controlled thermal conductivity

• Technical support for application-specific thermal management challenges

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2️⃣ 9. Kukdo Chemical Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Epoxy Resins, Hardeners, Composite Materials

Kukdo Chemical is a leading Asian producer of epoxy resins and related products, offering thermal management solutions for the electronics and industrial sectors. The company’s strong regional presence supports the growing thermal epoxy demand across Asian markets.

Innovation Focus:

• Epoxy formulations for electronic packaging and thermal interface materials

• High-purity epoxy products for semiconductor applications

• Expansion of production capacity to meet growing market demand

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1️⃣ 10. Atul Ltd

Headquarters: Valsad, Gujarat, India
Key Offering: Epoxy Resins, Formulated Systems, Specialty Chemicals

Atul is one of India’s leading chemical companies, offering a range of epoxy products including formulations with thermal management properties. The company serves diverse industries with cost-effective and reliable thermal epoxy solutions.

Innovation Focus:

• Development of thermal epoxy systems for growing Indian electronics market

• Custom formulations for specific industrial thermal management needs

• Sustainable manufacturing practices and environmental compliance

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

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🌍 Outlook: The Future of Thermal Epoxy Is Smarter and More Efficient

The thermal epoxy market is experiencing significant transformation as thermal management becomes increasingly critical across multiple industries. While traditional formulations continue to serve established applications, the industry is investing heavily in advanced material science, nanotechnology integration, and sustainable production methods.

📈 Key Trends Shaping the Market:

• Rising demand for high thermal conductivity epoxies in electric vehicle battery systems

• Miniaturization of electronics driving need for efficient thermal interface materials

• Growing adoption in renewable energy systems requiring robust thermal management

• Development of eco-friendly and sustainable epoxy formulations

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

The companies profiled above are not only supplying essential materials for thermal management—they’re driving the technological advancement that enables more efficient, reliable, and sustainable industrial and electronic systems worldwide.