Top 10 Companies in the Aluminum for Cold Plate Market (2024): Thermal Management Innovators Powering EV and Data Center Growth

In Business Insights
June 06, 2025

The Global Aluminum for Cold Plate Market was valued at USD 863 million in 2023 and is projected to reach USD 3.58 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 22.6% during the forecast period (2023-2032). This exponential growth is fueled by escalating demand from electric vehicle battery systems, hyperscale data centers, and next-generation 5G infrastructure requiring advanced thermal management solutions.

As thermal regulation becomes critical across industries, aluminum cold plates have emerged as the preferred solution, balancing performance, weight, and cost-effectiveness. We profile the Top 10 Companies in the Aluminum for Cold Plate Industry – material science leaders and manufacturing powerhouses delivering cutting-edge cooling technologies across mobility, computing, and aerospace applications.


🔟 1. Norsk Hydro

Headquarters: Oslo, Norway
Key Offering: High-conductivity aluminum alloys (5052, 6061)

The Norwegian aluminum giant leads in developing specialized alloys optimized for cold plate applications. Their advanced production capabilities enable high-performance solutions for EV battery cooling and data center thermal management.

Technology Leadership:

  • Graphene-enhanced aluminum composites with 15% higher thermal conductivity
  • Closed-loop aluminum recycling programs achieving 95% material reuse
  • Strategic partnerships with European and North American EV manufacturers

Download FREE Sample Report: Aluminum for Cold Plate Market – View in Detailed Research Report


9️⃣ 2. Shanghai Huafon Aluminium Corporation

Headquarters: Shanghai, China
Key Offering: Custom cold plates for high-power electronics

China’s largest cold plate manufacturer leverages vertical integration to serve booming demand from domestic EV and telecom infrastructure projects while maintaining strict quality standards.

Technology Leadership:

  • Patented microchannel designs for server immersion cooling
  • AI-powered quality control across automated production lines

8️⃣ 3. Chalco

Headquarters: Beijing, China
Key Offering: Aluminum billets and custom cold plate solutions

China’s state-owned producer is rapidly expanding cold plate manufacturing to support the country’s EV revolution, supplying thermal components featuring enhanced fluid dynamics.

Technology Leadership:

  • Annual production capacity exceeding 50,000 tons
  • Government-funded R&D in aerospace-grade alloys

7️⃣ 4. Constellium

Headquarters: Paris, France
Key Offering: Aerospace-grade aluminum cold plates

The European specialist develops high-performance thermal solutions for demanding aerospace applications, featuring proprietary alloy compositions that withstand extreme conditions.

Technology Leadership:

  • Aluminum-lithium alloys reducing component weight by 18%
  • Innovative surface treatments enhancing corrosion resistance

Download FREE Sample Report: Aluminum for Cold Plate Market – View in Detailed Research Report


6️⃣ 5. UACJ

Headquarters: Tokyo, Japan
Key Offering: Precision-engineered cold plates

Japan’s premier aluminum manufacturer combines material science with precision engineering to create thermal management solutions favored by high-end electronics producers.

Technology Leadership:

  • Nano-surface technologies improving thermal transfer efficiency
  • Advanced brazing techniques enabling complex microchannel designs

5️⃣ 6. Sakai Aluminium Corporation

Headquarters: Tokyo, Japan
Key Offering: Ultra-thin cold plates for compact electronics

The Japanese specialist produces miniaturized cooling solutions for space-constrained 5G infrastructure and HPC applications, leveraging the country’s renowned precision manufacturing.

Technology Leadership:

  • 0.2mm thin cold plate solutions
  • Integrated phase-change thermal management systems

4️⃣ 7. Hindalco Industries

Headquarters: Mumbai, India
Key Offering: Cost-optimized thermal solutions

India’s aluminum leader provides affordable cold plates for price-sensitive markets while expanding capacity to meet growing domestic demand from renewable energy and mobility sectors.

Technology Leadership:

  • Localized supply networks reducing delivery lead times
  • Special alloys tailored for tropical operating environments

3️⃣ 8. Lotte Aluminum

Headquarters: Seoul, South Korea
Key Offering: High-volume cold plates for consumer electronics

The Korean manufacturer benefits from close collaboration with domestic tech giants, producing standardized cooling components at industrial scale for global electronics brands.

Technology Leadership:

  • Smart cold plates with embedded temperature monitoring
  • Modular quick-connect system designs

2️⃣ 9. Henan Mingtai Al.Industrial

Headquarters: Zhengzhou, China
Key Offering: Bulk aluminum for cold plate production

One of China’s largest aluminum suppliers provides foundational materials for cold plate manufacturers, combining scale economics with consistent quality standards.

Technology Leadership:

  • Specialized foundry alloys optimized for casting
  • Automated quality assurance systems

1️⃣ 10. Yong Jie New Material

Headquarters: Suzhou, China
Key Offering: Custom cold plate fabrication

The specialist manufacturer focuses on rapid prototyping and small-batch production of customized cooling solutions for niche applications where standard products fall short.

Technology Leadership:

  • Hybrid aluminum-copper thermal solutions
  • Additive manufacturing for complex geometries

Get Full Report Here: Aluminum for Cold Plate Market – View in Detailed Research Report


🌡️ Thermal Management Outlook: Where Innovation Meets Demand

The aluminum cold plate sector is undergoing transformative growth as thermal management becomes increasingly critical across industries. Emerging applications in electrification and computing are driving technological advancements in material science and manufacturing.

📈 Market-Shaping Trends:

  • EV battery systems accounting for 38% of current applications, projected to reach 50% by 2030
  • Hyperscale data centers transitioning from air to liquid cooling solutions
  • Additive manufacturing enabling complex microchannel geometries
  • Next-gen alloys delivering 30% thermal conductivity improvements

Get Full Report Here: Aluminum for Cold Plate Market – View in Detailed Research Report

The profiled companies are not just manufacturing components – they’re developing the thermal management ecosystems that will enable tomorrow’s technological breakthroughs.