Global Polyurethane Based Thermal Conductive Adhesives Market Report (2025–2035)
Market Overview
Chem Reports estimates that the Polyurethane Based Thermal Conductive Adhesives Market was valued at USD xxxx in 2025 and is projected to reach USD xxxx by 2035, growing at a CAGR of xx% during the forecast period. Polyurethane‑based thermal conductive adhesives are engineered materials designed to provide both strong adhesion and efficient heat dissipation. Their unique combination of mechanical flexibility, thermal conductivity, and electrical insulation makes them essential in applications such as battery systems, heat sinks, LED modules, IC packaging, and thermal potting.
The Global Polyurethane Based Thermal Conductive Adhesives Market Report 2025 delivers a comprehensive analysis of market structure, growth drivers, and competitive dynamics. The study incorporates both primary and secondary research methodologies, evaluating:
Growing demand for high‑performance thermal management solutions in electronics, electric vehicles, and renewable energy systems continues to support market expansion.
Impact of COVID‑19
The COVID‑19 outbreak in late 2019 had a notable impact on the polyurethane‑based thermal conductive adhesives market. Key effects included:
Despite early disruptions, the market rebounded due to rising demand for thermal interface materials in high‑growth sectors.
Market Segmentation
By Type
By Application
Regional Analysis
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, etc.)
Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
South America (Brazil, Argentina, etc.)
Middle East & Africa (Saudi Arabia, South Africa, etc.)
Key Market Players
These companies focus on developing advanced thermal conductive adhesive technologies, expanding production capacity, enhancing distribution networks, and investing in R&D to meet the growing demand for high‑performance thermal interface materials.
The Global Polyurethane Based Thermal Conductive Adhesives Market is projected to grow steadily between 2025 and 2035, driven by rising demand for advanced thermal management solutions across electronics, electric vehicles (EVs), LED lighting, battery systems, and industrial equipment. Polyurethane‑based thermal conductive adhesives offer a unique combination of mechanical flexibility, strong adhesion, electrical insulation, and efficient heat dissipation. These properties make them essential in applications where both structural bonding and thermal conductivity are required.
Growth is supported by the rapid expansion of EV battery production, increasing miniaturization of electronic devices, and rising adoption of high‑power LED lighting. Isotropic adhesives are widely used for general thermal conduction applications, while anisotropic adhesives are preferred for precision electronics and IC packaging. Asia‑Pacific remains the fastest‑growing region due to strong electronics manufacturing and EV production, while North America and Europe maintain steady demand driven by technological innovation and stringent thermal management requirements.
Despite challenges such as high material costs, complex formulation requirements, and competition from alternative thermal interface materials, the long‑term outlook remains positive. Advancements in polyurethane chemistry, increasing adoption of high‑performance adhesives, and rising demand for efficient thermal solutions in next‑generation electronics are expected to drive market growth through 2035.
Market Dynamics
1. Drivers
2. Restraints
3. Opportunities
4. Trends
Porter’s Five Forces Analysis
1. Threat of New Entrants — Moderate
2. Bargaining Power of Suppliers — Moderate
3. Bargaining Power of Buyers — High
4. Threat of Substitutes — Moderate
5. Industry Rivalry — High
SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
1. Market Overview of Polyurethane Based Thermal Conductive Adhesives
1.1 Polyurethane Based Thermal Conductive Adhesives Market Overview
1.1.1 Polyurethane Based Thermal Conductive Adhesives Product Scope
1.1.2 Market Status and Outlook
1.2 Polyurethane Based Thermal Conductive Adhesives Market Size by Regions:
1.3 Polyurethane Based Thermal Conductive Adhesives Historic Market Size by Regions
1.4 Polyurethane Based Thermal Conductive Adhesives Forecasted Market Size by Regions
1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
1.5.1 North America
1.5.2 East Asia
1.5.3 Europe
1.5.4 South Asia
1.5.5 Southeast Asia
1.5.6 Middle East
1.5.7 Africa
1.5.8 Oceania
1.5.9 South America
1.5.10 Rest of the World
1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
1.6.1 Covid-19 Impact: Global GDP Growth, Projections
1.6.2 Covid-19 Impact: Commodity Prices Indices
1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Polyurethane Based Thermal Conductive Adhesives Sales Market by Type
2.1 Global Polyurethane Based Thermal Conductive Adhesives Historic Market Size by Type
2.2 Global Polyurethane Based Thermal Conductive Adhesives Forecasted Market Size by Type
2.3 Isotropic
2.4 Anisotropic
3. Covid-19 Impact Polyurethane Based Thermal Conductive Adhesives Sales Market by Application
3.1 Global Polyurethane Based Thermal Conductive Adhesives Historic Market Size by Application
3.2 Global Polyurethane Based Thermal Conductive Adhesives Forecasted Market Size by Application
3.3 Battery Thermal
3.4 Heat Sink
3.5 IC Packaging Heat Conduction
3.6 LED Lighting Thermal
3.7 Thermal Material Potting
4. Covid-19 Impact Market Competition by Manufacturers
4.1 Global Polyurethane Based Thermal Conductive Adhesives Production Capacity Market Share by Manufacturers
4.2 Global Polyurethane Based Thermal Conductive Adhesives Revenue Market Share by Manufacturers
4.3 Global Polyurethane Based Thermal Conductive Adhesives Average Price by Manufacturers
5. Company Profiles and Key Figures in Polyurethane Based Thermal Conductive Adhesives Business
5.1 Henkel AG & Co. KGaA
5.1.1 Henkel AG & Co. KGaA Company Profile
5.1.2 Henkel AG & Co. KGaA Polyurethane Based Thermal Conductive Adhesives Product Specification
5.1.3 Henkel AG & Co. KGaA Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.2 H.B. Fuller
5.2.1 H.B. Fuller Company Profile
5.2.2 H.B. Fuller Polyurethane Based Thermal Conductive Adhesives Product Specification
5.2.3 H.B. Fuller Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.3 3M Company
5.3.1 3M Company Company Profile
5.3.2 3M Company Polyurethane Based Thermal Conductive Adhesives Product Specification
5.3.3 3M Company Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.4 Permabond Engineering Adhesives
5.4.1 Permabond Engineering Adhesives Company Profile
5.4.2 Permabond Engineering Adhesives Polyurethane Based Thermal Conductive Adhesives Product Specification
5.4.3 Permabond Engineering Adhesives Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.5 Masterbond
5.5.1 Masterbond Company Profile
5.5.2 Masterbond Polyurethane Based Thermal Conductive Adhesives Product Specification
5.5.3 Masterbond Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.6 Creative Materials Inc.
5.6.1 Creative Materials Inc. Company Profile
5.6.2 Creative Materials Inc. Polyurethane Based Thermal Conductive Adhesives Product Specification
5.6.3 Creative Materials Inc. Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.7 Panacol-Elosol GmbH
5.7.1 Panacol-Elosol GmbH Company Profile
5.7.2 Panacol-Elosol GmbH Polyurethane Based Thermal Conductive Adhesives Product Specification
5.7.3 Panacol-Elosol GmbH Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.8 DOW Corning
5.8.1 DOW Corning Company Profile
5.8.2 DOW Corning Polyurethane Based Thermal Conductive Adhesives Product Specification
5.8.3 DOW Corning Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.9 Polytec PT GmbH
5.9.1 Polytec PT GmbH Company Profile
5.9.2 Polytec PT GmbH Polyurethane Based Thermal Conductive Adhesives Product Specification
5.9.3 Polytec PT GmbH Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.10 Lord Corporation
5.10.1 Lord Corporation Company Profile
5.10.2 Lord Corporation Polyurethane Based Thermal Conductive Adhesives Product Specification
5.10.3 Lord Corporation Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.11 MG Chemicals
5.11.1 MG Chemicals Company Profile
5.11.2 MG Chemicals Polyurethane Based Thermal Conductive Adhesives Product Specification
5.11.3 MG Chemicals Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.12 Protavic America Inc.
5.12.1 Protavic America Inc. Company Profile
5.12.2 Protavic America Inc. Polyurethane Based Thermal Conductive Adhesives Product Specification
5.12.3 Protavic America Inc. Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.13 Aremco
5.13.1 Aremco Company Profile
5.13.2 Aremco Polyurethane Based Thermal Conductive Adhesives Product Specification
5.13.3 Aremco Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.14 Cast-Coat Inc.
5.14.1 Cast-Coat Inc. Company Profile
5.14.2 Cast-Coat Inc. Polyurethane Based Thermal Conductive Adhesives Product Specification
5.14.3 Cast-Coat Inc. Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
5.15 Nagase America Corporation
5.15.1 Nagase America Corporation Company Profile
5.15.2 Nagase America Corporation Polyurethane Based Thermal Conductive Adhesives Product Specification
5.15.3 Nagase America Corporation Polyurethane Based Thermal Conductive Adhesives Production Capacity, Revenue, Price and Gross Margin
6. North America
6.1 North America Polyurethane Based Thermal Conductive Adhesives Market Size
6.2 North America Polyurethane Based Thermal Conductive Adhesives Key Players in North America
6.3 North America Polyurethane Based Thermal Conductive Adhesives Market Size by Type
6.4 North America Polyurethane Based Thermal Conductive Adhesives Market Size by Application
7. East Asia
7.1 East Asia Polyurethane Based Thermal Conductive Adhesives Market Size
7.2 East Asia Polyurethane Based Thermal Conductive Adhesives Key Players in North America
7.3 East Asia Polyurethane Based Thermal Conductive Adhesives Market Size by Type
7.4 East Asia Polyurethane Based Thermal Conductive Adhesives Market Size by Application
8. Europe
8.1 Europe Polyurethane Based Thermal Conductive Adhesives Market Size
8.2 Europe Polyurethane Based Thermal Conductive Adhesives Key Players in North America
8.3 Europe Polyurethane Based Thermal Conductive Adhesives Market Size by Type
8.4 Europe Polyurethane Based Thermal Conductive Adhesives Market Size by Application
9. South Asia
9.1 South Asia Polyurethane Based Thermal Conductive Adhesives Market Size
9.2 South Asia Polyurethane Based Thermal Conductive Adhesives Key Players in North America
9.3 South Asia Polyurethane Based Thermal Conductive Adhesives Market Size by Type
9.4 South Asia Polyurethane Based Thermal Conductive Adhesives Market Size by Application
10. Southeast Asia
10.1 Southeast Asia Polyurethane Based Thermal Conductive Adhesives Market Size
10.2 Southeast Asia Polyurethane Based Thermal Conductive Adhesives Key Players in North America
10.3 Southeast Asia Polyurethane Based Thermal Conductive Adhesives Market Size by Type
10.4 Southeast Asia Polyurethane Based Thermal Conductive Adhesives Market Size by Application
11. Middle East
11.1 Middle East Polyurethane Based Thermal Conductive Adhesives Market Size
11.2 Middle East Polyurethane Based Thermal Conductive Adhesives Key Players in North America
11.3 Middle East Polyurethane Based Thermal Conductive Adhesives Market Size by Type
11.4 Middle East Polyurethane Based Thermal Conductive Adhesives Market Size by Application
12. Africa
12.1 Africa Polyurethane Based Thermal Conductive Adhesives Market Size
12.2 Africa Polyurethane Based Thermal Conductive Adhesives Key Players in North America
12.3 Africa Polyurethane Based Thermal Conductive Adhesives Market Size by Type
12.4 Africa Polyurethane Based Thermal Conductive Adhesives Market Size by Application
13. Oceania
13.1 Oceania Polyurethane Based Thermal Conductive Adhesives Market Size
13.2 Oceania Polyurethane Based Thermal Conductive Adhesives Key Players in North America
13.3 Oceania Polyurethane Based Thermal Conductive Adhesives Market Size by Type
13.4 Oceania Polyurethane Based Thermal Conductive Adhesives Market Size by Application
14. South America
14.1 South America Polyurethane Based Thermal Conductive Adhesives Market Size
14.2 South America Polyurethane Based Thermal Conductive Adhesives Key Players in North America
14.3 South America Polyurethane Based Thermal Conductive Adhesives Market Size by Type
14.4 South America Polyurethane Based Thermal Conductive Adhesives Market Size by Application
15. Rest of the World
15.1 Rest of the World Polyurethane Based Thermal Conductive Adhesives Market Size
15.2 Rest of the World Polyurethane Based Thermal Conductive Adhesives Key Players in North America
15.3 Rest of the World Polyurethane Based Thermal Conductive Adhesives Market Size by Type
15.4 Rest of the World Polyurethane Based Thermal Conductive Adhesives Market Size by Application
16 Polyurethane Based Thermal Conductive Adhesives Market Dynamics
16.1 Covid-19 Impact Market Top Trends
16.2 Covid-19 Impact Market Drivers
16.3 Covid-19 Impact Market Challenges
16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
18.1 Research Methodology
18.1.1 Methodology/Research Approach
18.1.2 Data Source
18.2 Disclaimer
Market Segmentation
By Type
By Application
Regional Analysis
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, etc.)
Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
South America (Brazil, Argentina, etc.)
Middle East & Africa (Saudi Arabia, South Africa, etc.)
Key Market Players
Upto 24 to 48 hrs (Working Hours)
Upto 72 hrs max (Working Hours) - Weekends and Public Holidays
Single User License - Allows access to only one person to the report.
Multi User License - Allows sharing with max 5 persons within organization.
Corporate License – Can be shared across entire organization.
Online Payments with PayPal
Wire Transfer / Bank Transfer
At ChemReports, we understand that business decisions can’t wait. Our research specialists are available anytime to answer your queries and guide you through our reports, ensuring quick and reliable assistance.
ChemReports provides 360° market analysis across materials, technologies, and global chemical sectors—helping you make confident business decisions.
We turn complex data into strategic insights to support fact-based decisions, market entry strategies, and competitive analysis.
Your personal and business information is completely secure with us. We value your trust and ensure strict confidentiality.
Need tailored insights? Our analysts provide custom reports built on authentic data and aligned with your specific business goals.