The Global LED Thermally Conductive Plastics Market was valued at USD 235.8 Million in 2025 and is projected to reach USD 452.3 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period (2025–2034). This growth is being driven by the global transition to energy-efficient LED lighting, the rising demand for compact and lightweight electronic components, and the accelerating adoption of advanced thermal management solutions across automotive, consumer electronics, and telecommunications sectors.

As the electronics industry pushes for greater miniaturization and higher performance, efficient heat dissipation has become a critical design challenge. Thermally conductive plastics (TCPs) offer a superior alternative to traditional metals, combining excellent heat management with design flexibility, corrosion resistance, and significant weight reduction. In this blog, we profile the Top 10 Companies in the LED Thermally Conductive Plastics Industry—a mix of chemical giants, specialized compounders, and material innovators shaping the future of thermal management.

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🔟 1. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: CoolVerm™ thermally conductive compounds, Celanese Hostaform® POM

Celanese is a global chemical and specialty materials leader, offering a diverse portfolio of high-performance engineered materials. Their CoolVerm™ thermally conductive thermoplastic compounds are specifically engineered to replace metals in heat sinks, LED housings, and other applications requiring efficient thermal management.

Innovation Focus:

• Development of high-flow, high-thermal-conductivity nylon and PPS compounds

• Focus on halogen-free and environmentally sustainable material solutions

• Strategic partnerships with major LED manufacturers and automotive suppliers

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9️⃣ 2. DSM Engineering Materials

Headquarters: Heerlen, Netherlands
Key Offering: Stanyl® PA46, Akulon® PA6, Arnitel® TPC, ForTii® PPA

DSM Engineering Materials (now part of Covestro following acquisition) is renowned for its high-performance polymers. Their portfolio includes several grades of polyamides and polyphthalamides (PPA) enhanced with thermally conductive fillers, offering excellent heat resistance and mechanical properties for demanding LED applications.

Innovation Focus:

• Bio-based and recycled content materials for sustainable electronics

• Advanced compounds for high-power LED modules and automotive lighting systems

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8️⃣ 3. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Makrolon® TC polycarbonate blends, Bayblend® FR PC/ABS

Covestro is a world-leading supplier of high-tech polymer materials. Their Makrolon® TC (Thermally Conductive) polycarbonate grades are designed to effectively dissipate heat in LED luminaires, replacing aluminum die-cast parts while offering greater design freedom and cost efficiency.

Innovation Focus:

• Integration of DSM’s portfolio to create a comprehensive TCP offering

• Development of materials for next-generation smart lighting and connected devices

Download FREE Sample Report: LED Thermally Conductive Plastics Market – View in Detailed Research Report

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7️⃣ 4. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: LNP™ Thermocomp® TC compounds, ULTEM™ resins

SABIC’s portfolio features the renowned LNP™ Thermocomp® family of thermally conductive compounds. These materials are based on various engineering plastics like polycarbonate, PEEK, and PPS, and are widely used in LED lighting housings, heat sinks, and electronic enclosures to manage heat and ensure long-term reliability.

Innovation Focus:

• Expansion of product lines to cover thermal conductivities from 1 to 20 W/m·K

• Emphasis on materials with balanced properties: thermal, mechanical, and flame retardancy

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6️⃣ 5. Avient Corporation

Headquarters: Avon Lake, Ohio, USA
Key Offering: Thermocomp® TC compounds, Edgetek™ TC compounds, Stat-Tech™ ESD compounds

Avient is a premier provider of specialized and sustainable material solutions. Their Thermocomp® and Edgetek™ thermally conductive compounds are engineered to meet the rigorous thermal management needs of high-brightness LEDs, power electronics, and automotive lighting, often enabling part consolidation and weight savings.

Innovation Focus:

• Development of colorable TCPs for aesthetic lighting applications

• Solutions that combine thermal conductivity with electromagnetic interference (EMI) shielding

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5️⃣ 6. RTP Company

Headquarters: Winona, Minnesota, USA
Key Offering: Custom-engineered thermally conductive thermoplastics

RTP Company specializes in custom compounding of engineered thermoplastics. They offer a vast array of TCP formulations tailored to specific customer requirements, with thermal conductivities ranging from 1 to 50 W/m·K, using base polymers such as PEEK, PPS, LCP, and nylons.

Innovation Focus:

• Customer-centric approach with rapid prototyping and small-batch production

• Expertise in combining high thermal conductivity with other functional properties like wear resistance

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4️⃣ 7. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Toraycon® PPS compounds, Amilan® PA resins

Toray is a global leader in advanced materials, including high-performance engineering plastics. Their thermally conductive grades of Toraycon® Polyphenylene Sulfide (PPS) and Amilan® Polyamide (Nylon) are critical for LED applications requiring exceptional thermal stability, flame retardancy, and resistance to harsh environments.

Innovation Focus:

• Development of materials for high-temperature solder reflow processes

• Strong focus on the Asian market, particularly for automotive and display backlighting units (BLUs)

Download FREE Sample Report: LED Thermally Conductive Plastics Market – View in Detailed Research Report

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3️⃣ 8. Kaneka Corporation

Headquarters: Osaka, Japan
Key Offering: Kaneka Super Engineering Plastics, including PA6T/XT and PPS compounds

Kaneka offers a range of super engineering plastics known for their high heat resistance and excellent mechanical strength. Their thermally conductive modifications are used in demanding LED applications, such as surface-mount device (SMD) LED reflectors and connectors, where dimensional stability at high temperatures is paramount.

Innovation Focus:

• Proprietary polymerization technologies for creating high-performance polymer matrices

• Focus on miniaturization and high-density packaging in electronics

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2️⃣ 9. FRD Co., Ltd. (Fine Rubber & Plastic)

Headquarters: Shenzhen, China
Key Offering: Thermally conductive plastics for LED lighting and consumer electronics

FRD is a leading Chinese manufacturer specializing in thermally conductive materials and EMI shielding solutions. The company has established a strong position in the Asia-Pacific market by providing cost-effective and reliable TCPs for the massive domestic LED lighting and electronics manufacturing industries.

Innovation Focus:

• Rapid response to the needs of local OEMs and ODMs

• Continuous improvement of filler technology to enhance thermal performance

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1️⃣ 10. Kangli Zhngxin New Materials

Headquarters: Suzhou, China
Key Offering: Specialized thermally conductive plastic compounds

Kangli Zhngxin is an emerging player focused on the research, development, and production of new polymer materials. The company has been gaining traction by supplying tailored TCP solutions to the growing Chinese market for energy-efficient lighting and home appliances.

Innovation Focus:

• Investment in R&D to compete with established international players

• Strong emphasis on cost-performance ratio for mass-market applications

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

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🔬 Outlook: The Future of Thermal Management Is Lightweight and Intelligent

The LED thermally conductive plastics market is experiencing a fundamental transformation. While traditional materials like aluminum still have their place, the industry is increasingly adopting advanced polymer composites that offer unparalleled design freedom, weight savings, and integrated functionality.

📈 Key Trends Shaping the Market:

• Rising demand for >10 W/m·K materials for high-power LED and 5G applications

• Integration of TCPs with additive manufacturing (3D printing) for complex heat exchanger geometries

• Growing regulatory pressure for energy efficiency driving LED adoption globally

• Automotive industry’s shift to electric vehicles creating new thermal management challenges and opportunities

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

The companies listed above are not only supplying materials—they are enabling the next wave of energy-efficient, smarter, and more sustainable electronic products by solving the critical challenge of heat.