There are a large number of thermally conductive adhesive manufacturers and market concentration continues to increase.

There are a large number of thermal adhesive manufacturers in my country, but they are mainly small and medium-sized enterprises, and the market is relatively fragmented. In recent years, due to the continuous improvement of environmental protection and safety requirements, as well as the rising costs of raw materials and labor, some small enterprises have increased operational pressure and gradually exited the market. Against this background, the thermally conductive adhesive market has shown a trend of large-scale, intensive and environmentally friendly development. , the market is gradually converging on leading companies with dominant advantages.

Thermal conductive adhesive, also known as thermally conductive silica gel, thermally conductive silicone, etc., is a thermally conductive adhesive made of organic silica gel, polyester resin, or acrylic acid as the main body, adding fillers, thermally conductive materials and other polymer materials, and mixing it. Thermal conductive adhesive has excellent properties, including good electrical insulation, leakage resistance, thermal conductivity, aging resistance, etc. It is widely used in electronic devices, medical equipment, automobiles, household appliances and other fields. Electronic devices are its main application scenarios, such as LEDs. , transistors, smartphones, electrical modules, radiators, printed circuit boards, etc.

According to the “2021-2026 China Thermal Adhesive Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, in recent years In recent years, with the rapid development of consumer electronics, communication equipment, new energy vehicles and other industries, the market demand for thermally conductive adhesives has continued to be released, and the industry scale has grown steadily. By 2020, my country’s thermally conductive adhesive market size will reach US$96 million, with an average annual revenue of 2016-2020 The compound growth rate reached 3.6%.

Thermal conductive adhesive can be divided into silicone-based thermally conductive adhesive and non-silicon-based thermally conductive adhesive. Silicone-based thermally conductive adhesive is the mainstream product in the market, accounting for more than 70% of the market. In the international market, foreign companies occupy a major share of the thermally conductive adhesive market by virtue of technology, quality, brand and first-mover advantages, such as Dow, Beggs Company, Fuji Polymer, Laird Technology, Dow Corning, 3M, etc. Advanced international companies have invested in and built factories in China to lay out the thermal adhesive market and seize domestic market share, which has brought certain competitive pressure to local companies.

At this stage, my country’s thermally conductive adhesive manufacturers include Silicon Bao Technology, Huitian New Materials, Zhaoke Electronic Materials Technology, Nanjing Xilite, Shenzhen Aochuan Technology, etc. my country’s thermally conductive adhesive industry started late, but driven by policy support, technological empowerment, and active corporate layout, my country has become a major producer of thermally conductive adhesives in the world, accounting for approximately 23% of the global market. While the scale of the thermally conductive adhesive industry is expanding, the thermally conductive adhesive production process, production efficiency, and product quality are also constantly improving, and the industry continues to develop.

Industry analysts said that thermally conductive adhesive has excellent performance and a wide range of downstream applications. With the development of the downstream market, the market demand for thermally conductive adhesive will continue to be released. , there is broad room for industry development in the future. There are a large number of thermally conductive adhesive manufacturers and the market competition is relatively fierce. Against the background of increasing environmental protection and safety requirements, the market share of thermally conductive adhesives will be concentrated towards advantageous enterprises with advanced technology, large production scale and strong innovation capabilities.