The Global Thermally Conductive Adhesives Market was valued at USD 73.1 Million in 2024 and is projected to reach USD 104 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period (2025–2032). This growth is being driven by the relentless miniaturization of electronics, the global expansion of 5G infrastructure, and the accelerating electrification of the automotive sector, all of which demand advanced thermal management solutions.

As electronic devices become more powerful and compact, effective heat dissipation is no longer optional—it’s essential for reliability and performance. In this critical landscape, materials science leaders are innovating at a rapid pace to develop adhesives that provide both superior bonding and exceptional thermal conductivity. In this blog, we profile the Top 10 Companies in the Thermally Conductive Adhesives Industry—a diverse mix of chemical giants, specialty material innovators, and regional powerhouses shaping the thermal interface materials of tomorrow.

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🔟 1. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Silicone-based Thermally Conductive Adhesives, Gels, and Pastes

Shin-Etsu is the undisputed global leader in the thermally conductive adhesives market, commanding an estimated 22% market share. The company’s dominance is built on its mastery of silicone chemistry, producing high-purity materials renowned for their reliability, flexibility, and thermal stability across a wide temperature range. Their products are integral to high-performance computing, automotive power electronics, and advanced semiconductor packaging.

Innovation Initiatives:

• Development of ultra-high thermal conductivity formulations exceeding 5 W/mK
• Expansion of production capacity in Southeast Asia to meet rising global demand
• Focus on halogen-free and environmentally friendly adhesive systems

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Thermally Conductive Adhesives Market – View in Detailed Research Report

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9️⃣ 2. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: LOCTITE® thermally conductive adhesives, epoxies, and encapsulants

Henkel is a global powerhouse in adhesive technologies, with its LOCTITE brand serving virtually every major electronics manufacturer. The company offers a comprehensive portfolio of one- and two-part systems tailored for specific applications, from consumer device assembly to ruggedized industrial and automotive uses. Their deep application engineering expertise allows them to create customized solutions for complex thermal challenges.

Innovation Initiatives:

• Investment in sustainable adhesive technologies with reduced environmental impact
• Development of fast-curing systems for high-volume manufacturing lines
• Strategic partnerships with automotive OEMs for EV battery thermal management

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8️⃣ 3. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: DOWSIL™ thermally conductive silicone adhesives and sealants

Dow leverages its vast material science capabilities to produce high-performance silicone-based thermal interface materials. Their DOWSIL products are known for excellent weatherability, electrical insulation properties, and long-term durability, making them ideal for demanding outdoor and industrial applications, including renewable energy systems and telecommunications infrastructure.

Innovation Initiatives:

• Advanced filler technology for enhanced thermal conductivity without compromising processability
• Focus on materials for next-generation wide-bandgap semiconductors (SiC, GaN)
• Global technical support network for collaborative customer problem-solving

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7️⃣ 4. 3M Company

Headquarters: Maplewood, Minnesota, USA
Key Offering: 3M™ Thermally Conductive Adhesives, Tapes, and Interface Pads

3M brings its renowned innovation culture to the thermal management space, offering a broad range of adhesive solutions. While famous for its tapes, 3M’s liquid adhesives provide strong bonds and efficient heat dissipation for applications where mechanical fasteners are impractical. Their solutions are widely used in aerospace, defense, and medical electronics where reliability is paramount.

Innovation Initiatives:

• Nanotechnology research for next-generation thermal materials
• Development of reworkable adhesives for serviceable electronics
• Expansion of product lines for electric vehicle power electronics

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Thermally Conductive Adhesives Market – View in Detailed Research Report

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6️⃣ 5. Momentive Performance Materials

Headquarters: Waterford, New York, USA
Key Offering: Silicone-based thermally conductive gels and adhesives

Momentive specializes in high-performance silicones, with a strong focus on thermally conductive formulations for the most demanding applications. Their products are engineered to maintain performance under extreme conditions, including wide thermal cycling, high humidity, and prolonged exposure to harsh environments, making them a preferred choice for automotive, aerospace, and heavy industrial uses.

Innovation Initiatives:

• Ultra-soft gels for low-stress applications on delicate components
• Thermally conductive but electrically insulating formulations for sensitive electronics
• Custom development programs for specific customer thermal challenges

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5️⃣ 6. Parker Hannifin Corp.

Headquarters: Cleveland, Ohio, USA
Key Offering: LORD Corporation thermally conductive adhesives and encapsulants

Through its acquisition of LORD Corporation, Parker Hannifin offers sophisticated thermally conductive adhesives with a focus on damping and structural bonding properties. Their products are particularly valuable in applications requiring vibration damping alongside thermal management, such as in automotive electronics, industrial motors, and power generation equipment.

Innovation Initiatives:

• Multi-functional adhesives combining thermal conduction with vibration damping
• Materials designed for high-reliability applications in harsh environments
• Integration with Parker’s broader motion and control technology portfolio

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4️⃣ 7. Delo Industrie Klebstoffe

Headquarters: Windach, Germany
Key Offering: Light-curing thermally conductive adhesives

Delo is a specialist in high-performance light-curing adhesives, bringing this rapid-cure technology to the thermal management space. Their products enable extremely fast manufacturing cycles while providing excellent thermal performance, making them ideal for high-volume electronics production where throughput is critical.

Innovation Initiatives:

• UV/light-curing systems with thermal conductivity up to 3.0 W/mK
• Dual-cure technologies for shadowed areas where light cannot reach
• Specialized formulations for LED assembly and optoelectronics

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3️⃣ 8. Master Bond Inc.

Headquarters: Hackensack, New Jersey, USA
Key Offering: Two-part epoxy and silicone thermally conductive compounds

Master Bond operates as a specialty chemical manufacturer with a strong focus on custom formulations. They offer an extensive range of two-part systems that can be tailored to specific thermal, mechanical, and environmental requirements. Their technical expertise in formulating epoxies, silicones, and UV-curing systems makes them a valuable partner for challenging applications.

Innovation Initiatives:

• Custom formulation services for unique application requirements
• High-temperature stable adhesives for aerospace and automotive applications
• Electrically conductive/insulating options based on application needs

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Thermally Conductive Adhesives Market – View in Detailed Research Report

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2️⃣ 9. Chengdu Guibao Science & Technology Co., Ltd.

Headquarters: Chengdu, Sichuan, China
Key Offering: Silicon-based thermally conductive adhesives and potting compounds

As a leading Chinese manufacturer, Chengdu Guibao has captured significant market share in the Asia-Pacific region through competitive pricing and responsive service. The company supplies thermal interface materials to numerous consumer electronics manufacturers and has been expanding its capabilities to serve the growing electric vehicle market in China and beyond.

Innovation Initiatives:

• Cost-optimized formulations for high-volume consumer electronics
• Expansion of product portfolio to serve EV battery pack assembly
• Investment in R&D to improve thermal performance characteristics

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1️⃣ 10. H.B. Fuller Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: Epoxy and polyurethane thermally conductive adhesives

H.B. Fuller brings global manufacturing scale and adhesive expertise to the thermal management market. While active across many adhesive segments, their thermally conductive products serve automotive, electronics, and industrial applications where reliable bonding and heat dissipation are required. Their global presence ensures supply chain resilience for multinational customers.

Innovation Initiatives:

• Development of sustainable adhesive technologies
• Global technical service network supporting diverse applications
• Formulations compliant with international environmental regulations

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Thermally Conductive Adhesives Market – View in Detailed Research Report

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🌍 Outlook: The Future of Thermally Conductive Adhesives Is Smarter and More Integrated

The thermally conductive adhesives market is experiencing a fundamental transformation. While traditional formulations continue to serve established applications, the industry is increasingly focused on multifunctional materials that address thermal, mechanical, and environmental challenges simultaneously.

📈 Key Trends Shaping the Market:

• R&D focused on achieving thermal conductivity above 10 W/mK while maintaining processability
• Growing demand for sustainable, bio-based, and easily recyclable adhesive systems
• Integration of smart functionalities, such as sensors for condition monitoring
• Customized solutions for emerging technologies like wide-bandgap semiconductors and advanced packaging

Get Full Report Here:
Thermally Conductive Adhesives Market – View in Detailed Research Report

The companies profiled above are not only supplying essential materials—they’re enabling the technological advancements that define modern electronics, transportation, and Industry 4.0.