Thermally Conductive Polymers Market is estimated to be valued at USD 198.2 Mn in 2025 and is expected to reach USD 469.2 Mn by 2032, growing at a compound annual growth rate (CAGR) of 13.1% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 198.2 Mn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
13.10%
2032 Value Projection:
USD 469.2 Mn
Thermally conductive polymers are used as an alternative for metals and ceramics in heat-sensitive applications. They find application in various end-use industries such as electronics, automotive, aerospace & defense, and medicine. Key players in the market are adopting different business strategies such as mergers and acquisitions to expand their global footprint. For instance, in January 2019, Celanese Corporation, a chemical and specialty materials company, announced that it has completed the acquisition of Next Polymers Ltd., one of India's largest engineering thermoplastics (ETP) compounders. This acquisition is expected to complement Celanese Corporation's rapidly growing Indian business of ETP.
Market Dynamics
Among the end-use industry, electrical & electronics segment is expected to witness significant growth in the market over the forecast period. The growing consumer electronics industry, new product launches, and the introduction of cutting-edge technologies is driving growth of the segment in the thermally conductive polymers market. For instance, according to the Consumer Technology Association (CTA), consumer electronics market in the U.S. reached around US$ 377 billion in 2018, with a 6% increase compared to 2017.
North America held a significant market share of 43.8% in 2022 due to the increasing need for heat dissipation in various end-use industries such as electrical & electronics, aerospace & defense, and automotive. Moreover, increasing demand for high-performance and lightweight products is driving the growth of the market for thermally conductive polymers in the region.
Key features of the study:
This report provides in-depth analysis of thermally conductive polymers market and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global thermally conductive polymers market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include RTP Company, PolyOne Corporation, Celanese Corporation, SABIC, Covestro AG, Royal DSM, Mitsubishi Engineering-Plastics Corporation, HELLA GmbH & Co., and Torray Industries, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
The global thermally conductive polymers market report caters to various stakeholders in this industry including investors, suppliers, internal olefins manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the thermally conductive polymers market
Detailed Segmentation:
Global Thermally Conductive Polymers Market, By Product Type:
Polyphenylene Sulfide (PPS)
Polybutylene Terephthalate (PBT)
Polyamide (PA)
Polycarbonate (PC)
Polyethylenimine (PEI)
Polysulfone (PSU)
Polyether Ether Ketone (PEEK)
Polyolefin
Epoxy
Silicone
Polyurethane
Others
Global Thermally Conductive Polymers Market, By Filler Type:
Ceramics
Carbon-based
Others
Global Thermally Conductive Polymers Market, By End-use Industry:
Electrical & Electronics
Aerospace & Defense
Automotive
Industrial
Healthcare
Global Thermally Conductive Polymers Market, By Region:
North America
U.S.
Canada
Europe
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East
GCC
Israel
Rest of Middle East
Africa
Northern Africa
Central Africa
South Africa
Company Profiles
RTP Company
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
PolyOne Corporation
Celanese Corporation
SABIC
Covestro AG
Royal DSM
Mitsubishi Engineering-Plastics Corporation
Hella GmbH & Co.
Torray Industries, Inc.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Filler Type
Market Snippet, By End-use Industry
Market Snippet, By Region
Coherent Opportunity Map
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
Restraints
Market Opportunities
Key Market Trends
Value Chain Analysis
Mergers and Acquisitions
4. Global Thermally Conductive Polymers Market, By Product Type, 2020 - 2032 (US$ Mn & KT)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Polyphenylene Sulfide (PPS)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Polybutylene Terephthalate (PBT)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Polyamide (PA)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Polycarbonate (PC)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Polyethylenimine (PEI)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Polysulfone (PSU)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Polyether Ether Ketone (PEEK)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Polyolefin
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Epoxy
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Silicone
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Polyurethane
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
5. Global Thermally Conductive Polymers Market, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Ceramics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Carbon-based
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
6. Global Thermally Conductive Polymers Market, By End-use Industry, 2020 - 2032 (US$ Mn & KT)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Electrical & Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Aerospace & Defense
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Industrial
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Mn & KT)
7. Global Thermally Conductive Polymers Market, By Region, 2020 - 2032 (US$ Mn & KT)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Regions, 2021 - 2032
North America
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
U.S.
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Canada
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Europe
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
U.K.
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Germany
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Italy
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
France
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Russia
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Rest of Europe
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Asia Pacific
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
China
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
India
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Japan
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
ASEAN
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Australia
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
South Korea
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Rest of Asia Pacific
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Latin America
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
Brazil
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Mexico
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Rest of Latin America
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Middle East
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
GCC
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Israel
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Rest of Middle East
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Africa
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
North Africa
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
Central Africa
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)
South Africa
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By Filler Type, 2020 - 2032 (US$ Mn & KT)
Market Size and Forecast, By End-Use Industry, 2020 - 2032 (US$ Mn & KT)