The global market for Thermal Interface Material for EV Battery was estimated to be worth US$ 442 million in 2024 and is forecast to a readjusted size of US$ 950 million by 2031 with a CAGR of 11.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Thermal Interface Material for EV Battery cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Thermal interface material (TIM) for EV batteries refers to specially engineered substances that enhance heat transfer between battery cells, modules, or packs and their associated cooling systems. These materials are designed to fill microscopic air gaps and irregularities between contact surfaces, thereby reducing thermal resistance and ensuring efficient heat dissipation. In electric vehicles, managing battery temperature is critical to maintaining performance, safety, and longevity, as excessive heat can degrade lithium-ion cells and shorten their operational lifespan. TIMs for EV batteries are available in various forms, including thermal pads, greases, gels, adhesives, and phase change materials, with formulations often based on silicone, ceramic-filled polymers, or other thermally conductive compounds. In 2024, global production reached approximately 21,546 tons, with an average global market price of around US$20.52 per kg. Their combination of high thermal conductivity, electrical insulation, and long-term stability under vibration and cycling makes TIMs indispensable in modern EV thermal management systems.
The market for thermal interface materials in EV batteries has been expanding rapidly, driven by the accelerating adoption of electric mobility and the growing emphasis on battery safety and efficiency. Automakers are increasingly integrating high-performance TIMs into battery designs to maintain uniform temperature distribution and avoid hotspots, which can lead to thermal runaway events. The demand for TIMs is also benefiting from innovations in high-energy-density battery chemistries, which generate more heat and require more advanced cooling strategies. Asia-Pacific, led by China, Japan, and South Korea, remains the largest production and consumption hub due to its dominant EV manufacturing base and the presence of major battery producers such as CATL, LG Energy Solution, and Panasonic. In parallel, North America and Europe are seeing growing adoption of TIMs as EV production scales up, with OEMs focusing on materials that meet stringent safety, environmental, and performance standards.
Looking forward, the global TIM market for EV batteries is expected to continue its robust growth trajectory, supported by increasing EV penetration, stricter thermal safety regulations, and the trend toward fast charging, which imposes higher thermal loads on battery systems. Research and development efforts are concentrating on materials with higher thermal conductivity, improved compressibility, and better compatibility with automated assembly processes. Additionally, sustainability considerations are influencing product development, with manufacturers exploring recyclable, low-VOC, and halogen-free formulations. The transition to solid-state batteries, although still in its early stages, is likely to reshape TIM requirements by altering heat generation patterns and packaging configurations. As EV technology evolves toward greater range, faster charging, and higher power output, thermal interface materials will remain a critical enabler of battery performance and reliability, securing their place as a strategic component in the global electric mobility supply chain.
This report aims to provide a comprehensive presentation of the global market for Thermal Interface Material for EV Battery, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Thermal Interface Material for EV Battery by region & country, by Type, and by Application.
The Thermal Interface Material for EV Battery market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Thermal Interface Material for EV Battery.
Market Segmentation
By Company
- Jones Tech PLC
- Shenzhen FRD Science & Technology
- DuPont
- Dow
- Shin-Etsu Chemical
- Parker Hannifin
- Fujipoly
- Henkel
- Wacker
- 3M
- Bornsun
- Jointas Chemical
- Nano TIM
- Amogreentech
Segment by Type
- HD Gap Filler
- HD Sheet
- HD Grease
- Other
Segment by Application
- Passenger Vehicle
- Commercial Vehicle
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Thermal Interface Material for EV Battery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Thermal Interface Material for EV Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Thermal Interface Material for EV Battery in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Thermal Interface Material for EV Battery Product Introduction
- 1.2 Global Thermal Interface Material for EV Battery Market Size Forecast
- 1.2.1 Global Thermal Interface Material for EV Battery Sales Value (2020-2031)
- 1.2.2 Global Thermal Interface Material for EV Battery Sales Volume (2020-2031)
- 1.2.3 Global Thermal Interface Material for EV Battery Sales Price (2020-2031)
- 1.3 Thermal Interface Material for EV Battery Market Trends & Drivers
- 1.3.1 Thermal Interface Material for EV Battery Industry Trends
- 1.3.2 Thermal Interface Material for EV Battery Market Drivers & Opportunity
- 1.3.3 Thermal Interface Material for EV Battery Market Challenges
- 1.3.4 Thermal Interface Material for EV Battery Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Thermal Interface Material for EV Battery Players Revenue Ranking (2024)
- 2.2 Global Thermal Interface Material for EV Battery Revenue by Company (2020-2025)
- 2.3 Global Thermal Interface Material for EV Battery Players Sales Volume Ranking (2024)
- 2.4 Global Thermal Interface Material for EV Battery Sales Volume by Company Players (2020-2025)
- 2.5 Global Thermal Interface Material for EV Battery Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Thermal Interface Material for EV Battery Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Thermal Interface Material for EV Battery Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Thermal Interface Material for EV Battery
- 2.9 Thermal Interface Material for EV Battery Market Competitive Analysis
- 2.9.1 Thermal Interface Material for EV Battery Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Thermal Interface Material for EV Battery Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Thermal Interface Material for EV Battery as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 HD Gap Filler
- 3.1.2 HD Sheet
- 3.1.3 HD Grease
- 3.1.4 Other
- 3.2 Global Thermal Interface Material for EV Battery Sales Value by Type
- 3.2.1 Global Thermal Interface Material for EV Battery Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Thermal Interface Material for EV Battery Sales Value, by Type (2020-2031)
- 3.2.3 Global Thermal Interface Material for EV Battery Sales Value, by Type (%) (2020-2031)
- 3.3 Global Thermal Interface Material for EV Battery Sales Volume by Type
- 3.3.1 Global Thermal Interface Material for EV Battery Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Thermal Interface Material for EV Battery Sales Volume, by Type (2020-2031)
- 3.3.3 Global Thermal Interface Material for EV Battery Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Thermal Interface Material for EV Battery Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Passenger Vehicle
- 4.1.2 Commercial Vehicle
- 4.2 Global Thermal Interface Material for EV Battery Sales Value by Application
- 4.2.1 Global Thermal Interface Material for EV Battery Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Thermal Interface Material for EV Battery Sales Value, by Application (2020-2031)
- 4.2.3 Global Thermal Interface Material for EV Battery Sales Value, by Application (%) (2020-2031)
- 4.3 Global Thermal Interface Material for EV Battery Sales Volume by Application
- 4.3.1 Global Thermal Interface Material for EV Battery Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Thermal Interface Material for EV Battery Sales Volume, by Application (2020-2031)
- 4.3.3 Global Thermal Interface Material for EV Battery Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Thermal Interface Material for EV Battery Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Thermal Interface Material for EV Battery Sales Value by Region
- 5.1.1 Global Thermal Interface Material for EV Battery Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Thermal Interface Material for EV Battery Sales Value by Region (2020-2025)
- 5.1.3 Global Thermal Interface Material for EV Battery Sales Value by Region (2026-2031)
- 5.1.4 Global Thermal Interface Material for EV Battery Sales Value by Region (%), (2020-2031)
- 5.2 Global Thermal Interface Material for EV Battery Sales Volume by Region
- 5.2.1 Global Thermal Interface Material for EV Battery Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Thermal Interface Material for EV Battery Sales Volume by Region (2020-2025)
- 5.2.3 Global Thermal Interface Material for EV Battery Sales Volume by Region (2026-2031)
- 5.2.4 Global Thermal Interface Material for EV Battery Sales Volume by Region (%), (2020-2031)
- 5.3 Global Thermal Interface Material for EV Battery Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 5.4.2 North America Thermal Interface Material for EV Battery Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 5.5.2 Europe Thermal Interface Material for EV Battery Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 5.6.2 Asia Pacific Thermal Interface Material for EV Battery Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 5.7.2 South America Thermal Interface Material for EV Battery Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Thermal Interface Material for EV Battery Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Thermal Interface Material for EV Battery Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Thermal Interface Material for EV Battery Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Thermal Interface Material for EV Battery Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 6.3.2 United States Thermal Interface Material for EV Battery Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Thermal Interface Material for EV Battery Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 6.4.2 Europe Thermal Interface Material for EV Battery Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Thermal Interface Material for EV Battery Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 6.5.2 China Thermal Interface Material for EV Battery Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Thermal Interface Material for EV Battery Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 6.6.2 Japan Thermal Interface Material for EV Battery Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Thermal Interface Material for EV Battery Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 6.7.2 South Korea Thermal Interface Material for EV Battery Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Thermal Interface Material for EV Battery Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 6.8.2 Southeast Asia Thermal Interface Material for EV Battery Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Thermal Interface Material for EV Battery Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Thermal Interface Material for EV Battery Sales Value, 2020-2031
- 6.9.2 India Thermal Interface Material for EV Battery Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Thermal Interface Material for EV Battery Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Jones Tech PLC
- 7.1.1 Jones Tech PLC Company Information
- 7.1.2 Jones Tech PLC Introduction and Business Overview
- 7.1.3 Jones Tech PLC Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Jones Tech PLC Thermal Interface Material for EV Battery Product Offerings
- 7.1.5 Jones Tech PLC Recent Development
- 7.2 Shenzhen FRD Science & Technology
- 7.2.1 Shenzhen FRD Science & Technology Company Information
- 7.2.2 Shenzhen FRD Science & Technology Introduction and Business Overview
- 7.2.3 Shenzhen FRD Science & Technology Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Shenzhen FRD Science & Technology Thermal Interface Material for EV Battery Product Offerings
- 7.2.5 Shenzhen FRD Science & Technology Recent Development
- 7.3 DuPont
- 7.3.1 DuPont Company Information
- 7.3.2 DuPont Introduction and Business Overview
- 7.3.3 DuPont Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 DuPont Thermal Interface Material for EV Battery Product Offerings
- 7.3.5 DuPont Recent Development
- 7.4 Dow
- 7.4.1 Dow Company Information
- 7.4.2 Dow Introduction and Business Overview
- 7.4.3 Dow Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Dow Thermal Interface Material for EV Battery Product Offerings
- 7.4.5 Dow Recent Development
- 7.5 Shin-Etsu Chemical
- 7.5.1 Shin-Etsu Chemical Company Information
- 7.5.2 Shin-Etsu Chemical Introduction and Business Overview
- 7.5.3 Shin-Etsu Chemical Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Shin-Etsu Chemical Thermal Interface Material for EV Battery Product Offerings
- 7.5.5 Shin-Etsu Chemical Recent Development
- 7.6 Parker Hannifin
- 7.6.1 Parker Hannifin Company Information
- 7.6.2 Parker Hannifin Introduction and Business Overview
- 7.6.3 Parker Hannifin Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Parker Hannifin Thermal Interface Material for EV Battery Product Offerings
- 7.6.5 Parker Hannifin Recent Development
- 7.7 Fujipoly
- 7.7.1 Fujipoly Company Information
- 7.7.2 Fujipoly Introduction and Business Overview
- 7.7.3 Fujipoly Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Fujipoly Thermal Interface Material for EV Battery Product Offerings
- 7.7.5 Fujipoly Recent Development
- 7.8 Henkel
- 7.8.1 Henkel Company Information
- 7.8.2 Henkel Introduction and Business Overview
- 7.8.3 Henkel Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Henkel Thermal Interface Material for EV Battery Product Offerings
- 7.8.5 Henkel Recent Development
- 7.9 Wacker
- 7.9.1 Wacker Company Information
- 7.9.2 Wacker Introduction and Business Overview
- 7.9.3 Wacker Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Wacker Thermal Interface Material for EV Battery Product Offerings
- 7.9.5 Wacker Recent Development
- 7.10 3M
- 7.10.1 3M Company Information
- 7.10.2 3M Introduction and Business Overview
- 7.10.3 3M Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 3M Thermal Interface Material for EV Battery Product Offerings
- 7.10.5 3M Recent Development
- 7.11 Bornsun
- 7.11.1 Bornsun Company Information
- 7.11.2 Bornsun Introduction and Business Overview
- 7.11.3 Bornsun Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Bornsun Thermal Interface Material for EV Battery Product Offerings
- 7.11.5 Bornsun Recent Development
- 7.12 Jointas Chemical
- 7.12.1 Jointas Chemical Company Information
- 7.12.2 Jointas Chemical Introduction and Business Overview
- 7.12.3 Jointas Chemical Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Jointas Chemical Thermal Interface Material for EV Battery Product Offerings
- 7.12.5 Jointas Chemical Recent Development
- 7.13 Nano TIM
- 7.13.1 Nano TIM Company Information
- 7.13.2 Nano TIM Introduction and Business Overview
- 7.13.3 Nano TIM Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Nano TIM Thermal Interface Material for EV Battery Product Offerings
- 7.13.5 Nano TIM Recent Development
- 7.14 Amogreentech
- 7.14.1 Amogreentech Company Information
- 7.14.2 Amogreentech Introduction and Business Overview
- 7.14.3 Amogreentech Thermal Interface Material for EV Battery Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 Amogreentech Thermal Interface Material for EV Battery Product Offerings
- 7.14.5 Amogreentech Recent Development
8 Industry Chain Analysis
- 8.1 Thermal Interface Material for EV Battery Industrial Chain
- 8.2 Thermal Interface Material for EV Battery Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Thermal Interface Material for EV Battery Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Thermal Interface Material for EV Battery Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer