The Global Thermal Conductive Material Market was valued at USD 9.7 Billion in 2023 and is projected to reach USD 13.5 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2030). This significant growth is propelled by escalating demand from the electronics sector, the rapid expansion of electric vehicles (EVs), and the critical need for efficient thermal management in high-power applications like data centers and 5G infrastructure.

As electronic devices become more powerful and compact, and as the global push for electrification accelerates, the role of advanced thermal management has never been more crucial. In this blog, we profile the Top 10 Companies in the Thermal Conductive Material Industry—a group of chemical giants, material specialists, and innovation leaders shaping the future of heat dissipation technology.

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🔟 1. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: Thermally Conductive Adhesives, Gap Fillers, Thermal Interface Materials (TIMs)

Henkel is a global leader in adhesive technologies, offering a comprehensive portfolio of thermal management solutions under brands like Loctite and Bergquist. Their materials are critical for dissipating heat in smartphones, electric vehicle batteries, and telecommunications equipment, ensuring reliability and performance.

Innovation Focus:

• Development of high-performance, low-thermal-resistance gap fillers

• Expansion of sustainable material solutions with reduced environmental impact

• Strategic R&D focused on next-generation EV battery thermal management systems

Download FREE Sample Report: Thermal Conductive Material Market – View in Detailed Research Report

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9️⃣ 2. 3M Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: Thermally Conductive Tapes, Adhesives, Pads, and Phase Change Materials

3M is a diversified technology giant with a formidable presence in thermal management. Its extensive product line serves a wide array of industries, from consumer electronics to aerospace, providing solutions that enhance heat transfer while maintaining electrical insulation.

Innovation Focus:

• Pioneering phase change materials and graphite films for ultra-thin devices

• Investing in R&D for thermally conductive but electrically insulating composites

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8️⃣ 3. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Silicone-based Thermal Interface Materials, Gap Pads, Encapsulants

Dow’s advanced silicones division produces high-performance thermal conductive materials known for their durability and stability across a wide temperature range. These materials are essential in demanding applications such as power electronics and automotive systems.

Innovation Focus:

• Focus on silicone-based formulations for high-reliability applications

• Development of materials supporting the transition to wide-bandgap semiconductors

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7️⃣ 4. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Thermally Conductive Plastics, Greases, Gap Fillers (including Bergquist products)

Following its acquisition of the Bergquist Company, DuPont has significantly strengthened its position in the thermal materials market. The company offers an integrated portfolio that includes innovative gap fillers, thermal clads, and electrically insulating materials.

Innovation Focus:

• Integration of Bergquist thermal management solutions into broader electronics portfolio

• R&D in thermally conductive engineering plastics for lightweighting applications

Download FREE Sample Report: Thermal Conductive Material Market – View in Detailed Research Report

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6️⃣ 5. Parker Hannifin Corporation

Headquarters: Cleveland, Ohio, USA
Key Offering: Chomerics Division – Thermally Conductive Elastomers, Greases, Insulators

Parker Hannifin’s Chomerics division is a specialist in materials that manage electromagnetic interference (EMI) and heat. Their thermally conductive products are designed for applications where thermal performance must be paired with electromagnetic shielding.

Innovation Focus:

• Dual-function materials providing both EMI shielding and thermal conductivity

• Specialization in materials for defense, aerospace, and high-performance computing

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5️⃣ 6. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Silicone-based Thermal Interface Materials, Greases, Gels

As one of the world’s largest silicone manufacturers, Shin-Etsu Chemical produces high-purity thermal interface materials. Their products are renowned for excellent thermal stability and are widely used in semiconductors, LEDs, and power modules.

Innovation Focus:

• Development of high-thermal-conductivity silicone gels for automotive power electronics

• Focus on materials compatible with advanced semiconductor packaging techniques

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4️⃣ 7. Wacker Chemie AG

Headquarters: Munich, Germany
Key Offering: SILMOST Thermal Interface Materials, Heat-Conducting Silicones

Wacker is a leading global chemical company with a strong focus on silicone chemistry. Its SILMOST brand offers a range of thermal management products, including thermally conductive adhesives, gels, and potting compounds for the electronics and automotive industries.

Innovation Focus:

• Investment in silicone-based materials for EV battery pack thermal management

• Development of thermally conductive but soft, compliant materials for sensitive components

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3️⃣ 8. Panasonic Corporation

Headquarters: Kadoma, Osaka, Japan
Key Offering: Pyrofilm Thermal Sheets, Conductive Pads, Graphite Sheets

Panasonic’s electronic materials division is a key player, particularly known for its Pyrofilm graphite sheets. These thin, flexible, and highly conductive sheets are essential for heat spreading in compact electronic devices like smartphones and tablets.

Innovation Focus:

• Leadership in synthetic graphite sheet technology for mobile devices

• Expansion into thermal solutions for automotive and industrial electronics

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2️⃣ 9. Fujipoly America Corporation

Headquarters: Carteret, New Jersey, USA
Key Offering: Sarcon Thermal Interface Pads, Greases, Gap Fillers

Fujipoly specializes in high-performance elastomeric thermal interface materials. Its Sarcon product line is recognized for exceptional thermal conductivity and reliability, making it a preferred choice for mission-critical applications in medical, military, and aerospace sectors.

Innovation Focus:

• Specialization in ultra-high-thermal-conductivity elastomers (exceeding 15 W/mK)

• Focus on custom-formulated solutions for specific high-reliability applications

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1️⃣ 10. Laird Performance Materials (DuPont)

Headquarters: London, United Kingdom (Part of DuPont)
Key Offering: Tputty Thermal Interface Materials, Gap Pads, Conductive Elastomers

Laird Performance Materials, now part of DuPont, is a historically significant player in thermal management. The company offers a broad range of thermal interface materials, including its famous Tputty line, known for high performance and ease of application.

Innovation Focus:

• Integration into DuPont’s broader electronics and industrial portfolio

• Continued innovation in non-silicone based thermal interface materials

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

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🌍 Outlook: The Future of Thermal Conductive Materials Is Smarter and More Integrated

The thermal conductive material market is experiencing a paradigm shift. The demand is no longer just for materials that conduct heat; it is for integrated thermal management systems that are lightweight, reliable, and capable of handling increasingly dense power loads in smaller form factors.

📈 Key Trends Shaping the Market:

• Rising adoption of wide-bandgap semiconductors (SiC, GaN) requiring advanced thermal solutions

• Exponential growth in EV battery production and associated thermal management needs

• Increasing power densities in 5G infrastructure, data centers, and AI servers

• Growing demand for sustainable and easy-to-recycle thermal materials

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

The companies profiled above are not merely suppliers; they are innovation partners, enabling the technological advancements that define our modern digital and electrified world by mastering the critical challenge of heat.