The Global Graphite Thermal Conductive Film Market was valued at USD 626 Million in 2025 and is projected to reach USD 963 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period (2024–2030). This robust growth is being driven by escalating power densities in consumer electronics, the rapid global deployment of 5G infrastructure, and the accelerating demand for efficient, lightweight thermal management solutions in increasingly compact devices.

As the electronics industry confronts the critical challenge of heat dissipation in thinner, more powerful devices, the spotlight turns to the material innovators providing the essential cooling backbone. In this blog, we profile the Top 10 Companies in the Graphite Thermal Conductive Film Industry—a mix of chemical giants, specialized material scientists, and advanced manufacturing leaders shaping the thermal management landscape.

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🔟 1. Panasonic Corporation

Headquarters: Kadoma, Osaka, Japan
Key Offering: PGS (Pyrolytic Graphite Sheet) Films, Customizable Thermal Solutions

Panasonic is a pioneer and one of the largest global suppliers of graphite thermal films, renowned for its proprietary PGS material. This highly oriented pyrolytic graphite sheet boasts an in-plane thermal conductivity significantly higher than copper, making it a benchmark solution for smartphones, tablets, and gaming consoles.

Key Innovations:

• In-plane thermal conductivity exceeding 1950 W/mK

• Extremely thin and lightweight film formats

• Extensive application expertise in high-volume consumer electronics

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Graphite Thermal Conductive Film Market – View in Detailed Research Report

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9️⃣ 2. Kaneka Corporation

Headquarters: Minato-ku, Tokyo, Japan
Key Offering: HiFC™ Graphite Sheets, Multi-layer Composite Films

Kaneka is a major global competitor with a strong focus on high-performance graphite sheets derived from polyimide precursors. Their HiFC™ series offers excellent thermal management for a broad range of applications, from mobile devices to automotive electronics, emphasizing reliability and performance consistency.

Key Innovations:

• Advanced polyimide pyrolysis technology

• Development of composite films for electromagnetic interference (EMI) shielding combined with thermal management

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8️⃣ 3. Graftech International Ltd.

Headquarters: Parma, Ohio, USA
Key Offering: eGRAF® Graphite Films and Foils

Graftech leverages its century-long expertise in graphite science to produce eGRAF® thermal management materials. These films are designed for demanding applications requiring high thermal conductivity, flexibility, and reliability, serving sectors including telecommunications, computing, and aerospace.

Key Innovations:

• High-purity, synthetic graphite-based films

• Solutions tailored for high-power LED lighting and power electronics

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7️⃣ 4. NeoGraf Solutions

Headquarters: Lakewood, Ohio, USA
Key Offering: GrafGuard® Graphene-based Additives, Graphite Foils

NeoGraf Solutions, formerly GrafTech’s GrafCell business, is a leading producer of graphite-based materials. The company focuses on both natural and synthetic graphite products, including flexible graphite foils used for heat spreading in electronic assemblies and battery systems.

Key Innovations:

• Integration of graphene-enhanced materials for improved performance

• Focus on sustainable and high-temperature material solutions

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6️⃣ 5. Toray Industries, Inc.

Headquarters: Chuo-ku, Tokyo, Japan
Key Offering: TORAYCA® Carbon Fibers, Advanced Composite Materials

While renowned for carbon fibers, Toray’s advanced material portfolio includes capabilities in carbon-based thermal management. Their expertise in carbon science allows them to develop high-performance materials that address thermal issues in next-generation electronics and electric vehicles.

Key Innovations:

• Research into carbon nanotube (CNT) and graphene composites for thermal films

• Strong R&D focus on materials for automotive and aerospace thermal control

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

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5️⃣ 6. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: SIGRAFLEX® Flexible Graphite Foils, Composite Materials

SGL Carbon is a global leader in carbon-based solutions, offering SIGRAFLEX® flexible graphite foils known for their excellent thermal conductivity and sealability. These materials are critical for managing heat in batteries, fuel cells, and power electronics, especially in the automotive sector.

Key Innovations:

• Leading supplier for thermal management in electric vehicle battery packs

• Development of graphite-based bipolar plates for fuel cells

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4️⃣ 7. Beijing Great Wall

Headquarters: Beijing, China
Key Offering: Synthetic Graphite Films, Thermal Interface Materials

Beijing Great Wall is a prominent Chinese manufacturer specializing in synthetic graphite films for thermal management. The company has established a strong presence in the domestic market, supplying key players in the Chinese consumer electronics and telecommunications industries.

Key Innovations:

• Cost-effective production of high-quality graphite films

• Strategic focus on serving the rapidly growing Asia-Pacific electronics market

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3️⃣ 8. Graphite Materials GmbH

Headquarters: Bonn, Germany
Key Offering: Specialized Graphite Foils, Customized Thermal Solutions

Graphite Materials GmbH is a European specialist in flexible graphite products. The company provides tailored solutions for complex thermal challenges, focusing on high-performance applications in industrial electronics, energy storage, and specialized equipment.

Key Innovations:

• Expertise in die-cutting and custom shaping of graphite films

• High-purity materials for sensitive electronic environments

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2️⃣ 9. Samsung SDI & LG Chem

Headquarters: Seoul, South Korea
Key Offering: Graphite Anode Materials, Thermal Management Films for Batteries

These South Korean chemical giants are key players in material science, with significant investments in graphite technologies. While primarily known for battery materials, their expertise extends to developing advanced graphite-based films for thermal management within their own electronic devices and battery systems.

Key Innovations:

• Vertical integration from material science to end-product application

• R&D focused on thermal solutions for next-generation foldable displays and EVs

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1️⃣ 10. Canyon Materials

Headquarters: San Diego, California, USA
Key Offering: Advanced Graphite Films, Thermal Interface Pads

Canyon Materials is an innovative manufacturer focused on high-performance thermal management materials. The company specializes in producing graphite films that offer an optimal balance of thermal performance, thickness, and cost, catering to a diverse clientele in the electronics industry.

Key Innovations:

• Development of ultra-thin films for space-constrained applications

• Strong customer collaboration for application-specific solutions

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

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

The graphite thermal conductive film market is undergoing a significant transformation. As electronic devices push the boundaries of miniaturization and power, the demand for more efficient, multi-functional, and cost-effective thermal solutions is accelerating.

📈 Key Trends Shaping the Market:

• Rise of AI and High-Performance Computing: AI chips and servers generate immense heat, driving demand for advanced thermal interface materials and heat spreaders.

• Proliferation of 5G and IoT: The expansion of 5G networks and connected devices requires effective thermal management in compact base stations and sensors.

• Electric Vehicle (EV) Revolution: Thermal management is critical for EV battery performance, safety, and longevity, creating a major new growth avenue.

• Material Science Advancements: Ongoing R&D into hybrid materials combining graphite with graphene, CNTs, and polymers to achieve even higher performance.

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

The companies profiled above are not just supplying materials; they are enabling the technological progress of modern electronics by solving one of its most fundamental constraints—managing the heat that powers innovation.