Global Thermal Management Materials for EV Batteries Market Growth 2025-2031
Description
The global Thermal Management Materials for EV Batteries market size is predicted to grow from US$ 1896 million in 2025 to US$ 2921 million in 2031; it is expected to grow at a CAGR of 7.5% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Thermal Management Materials for EV (Electric Vehicle) batteries are specialized substances and composites designed to regulate the temperature of battery systems, ensuring optimal performance, safety, and longevity. These materials facilitate heat dissipation, prevent overheating, and maintain uniform temperature distribution across battery cells. Key types include thermal interface materials (TIMs), phase change materials (PCMs), thermal insulation, heat spreaders, and liquid cooling aids. By enhancing thermal conductivity or insulation as needed, these materials help mitigate thermal runaway, improve charge/discharge efficiency, and extend battery cycle life in electric vehicles.
Thermal management materials for EV batteries are engineered with key performance parameters tailored to ensure heat dissipation, safety, and reliability. Thermal interface materials (TIMs), such as gap fillers and pads, typically offer thermal conductivity ranging from 1 to 10 W/m·K, with operating temperature ranges of -40°C to +150°C and electrical insulation properties. Phase change materials (PCMs) are characterized by latent heat capacities of 100–250 kJ/kg and phase transition temperatures between 35°C and 60°C. Heat spreaders, like graphite foils, provide in-plane thermal conductivity up to 1000 W/m·K, while aerogel-based insulators deliver ultra-low thermal conductivity values as low as 0.015 W/m·K. Liquid coolants used in indirect battery cooling systems feature specific heat capacities of 2.0–3.5 J/g·K and dielectric strengths exceeding 20 kV/mm, ensuring effective and safe temperature regulation in electric vehicle battery packs.
LP Information, Inc. (LPI) ' newest research report, the “Thermal Management Materials for EV Batteries Industry Forecast” looks at past sales and reviews total world Thermal Management Materials for EV Batteries sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermal Management Materials for EV Batteries sales for 2025 through 2031. With Thermal Management Materials for EV Batteries sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermal Management Materials for EV Batteries industry.
This Insight Report provides a comprehensive analysis of the global Thermal Management Materials for EV Batteries landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermal Management Materials for EV Batteries portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Thermal Management Materials for EV Batteries market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermal Management Materials for EV Batteries and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermal Management Materials for EV Batteries.
This report presents a comprehensive overview, market shares, and growth opportunities of Thermal Management Materials for EV Batteries market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Thermal Interface Materials
Phase Change Materials
Insulating Materials
Fire Retardant Materials
Segmentation by Application:
Lithium-Ion Batteries
Nickel-Metal Hydride Batteries
Lead-Acid Batteries
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
3M Company
Henkel
DuPont
Parker Hannifin
Elkem
Aspen Aerogels
Zircotec
GrafTech
Saint-Gobain
Polymer Science
JBC Technologies
Alpha Engineered Composites
Asahi Kasei
XD Thermal
Hanon Systems
Valeo
Key Questions Addressed in this Report
What is the 10-year outlook for the global Thermal Management Materials for EV Batteries market?
What factors are driving Thermal Management Materials for EV Batteries market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Thermal Management Materials for EV Batteries market opportunities vary by end market size?
How does Thermal Management Materials for EV Batteries break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Thermal Management Materials for EV (Electric Vehicle) batteries are specialized substances and composites designed to regulate the temperature of battery systems, ensuring optimal performance, safety, and longevity. These materials facilitate heat dissipation, prevent overheating, and maintain uniform temperature distribution across battery cells. Key types include thermal interface materials (TIMs), phase change materials (PCMs), thermal insulation, heat spreaders, and liquid cooling aids. By enhancing thermal conductivity or insulation as needed, these materials help mitigate thermal runaway, improve charge/discharge efficiency, and extend battery cycle life in electric vehicles.
Thermal management materials for EV batteries are engineered with key performance parameters tailored to ensure heat dissipation, safety, and reliability. Thermal interface materials (TIMs), such as gap fillers and pads, typically offer thermal conductivity ranging from 1 to 10 W/m·K, with operating temperature ranges of -40°C to +150°C and electrical insulation properties. Phase change materials (PCMs) are characterized by latent heat capacities of 100–250 kJ/kg and phase transition temperatures between 35°C and 60°C. Heat spreaders, like graphite foils, provide in-plane thermal conductivity up to 1000 W/m·K, while aerogel-based insulators deliver ultra-low thermal conductivity values as low as 0.015 W/m·K. Liquid coolants used in indirect battery cooling systems feature specific heat capacities of 2.0–3.5 J/g·K and dielectric strengths exceeding 20 kV/mm, ensuring effective and safe temperature regulation in electric vehicle battery packs.
LP Information, Inc. (LPI) ' newest research report, the “Thermal Management Materials for EV Batteries Industry Forecast” looks at past sales and reviews total world Thermal Management Materials for EV Batteries sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermal Management Materials for EV Batteries sales for 2025 through 2031. With Thermal Management Materials for EV Batteries sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermal Management Materials for EV Batteries industry.
This Insight Report provides a comprehensive analysis of the global Thermal Management Materials for EV Batteries landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermal Management Materials for EV Batteries portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Thermal Management Materials for EV Batteries market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermal Management Materials for EV Batteries and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermal Management Materials for EV Batteries.
This report presents a comprehensive overview, market shares, and growth opportunities of Thermal Management Materials for EV Batteries market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Thermal Interface Materials
Phase Change Materials
Insulating Materials
Fire Retardant Materials
Segmentation by Application:
Lithium-Ion Batteries
Nickel-Metal Hydride Batteries
Lead-Acid Batteries
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
3M Company
Henkel
DuPont
Parker Hannifin
Elkem
Aspen Aerogels
Zircotec
GrafTech
Saint-Gobain
Polymer Science
JBC Technologies
Alpha Engineered Composites
Asahi Kasei
XD Thermal
Hanon Systems
Valeo
Key Questions Addressed in this Report
What is the 10-year outlook for the global Thermal Management Materials for EV Batteries market?
What factors are driving Thermal Management Materials for EV Batteries market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Thermal Management Materials for EV Batteries market opportunities vary by end market size?
How does Thermal Management Materials for EV Batteries break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
126 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Thermal Management Materials for EV Batteries by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Thermal Management Materials for EV Batteries by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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