LG Chem announced plans to expand its presence in the global mobility market by supplying thermally conductive adhesives to North American automakers. The company also intends to grow its automotive adhesive business into a multi-million-dollar unit.
Thermally conductive adhesives — used to bond battery cells to modules or packs — are essential for thermal management and performance maintenance due to their high thermal conductivity and electrical insulation.
In addition to thermally conductive adhesives for batteries, LG Chem is developing various adhesive materials, such as polyimide varnishes and silver nano pastes for motors, inverters, and converters, in close cooperation with domestic and foreign companies.
It’s also expanding its adhesives product lineup to include those that can be applied to various electronic components such as camera sensors, headlamps, and in-vehicle displays.
LG Chem has production sites in Europe and the US, holding over 180 patents, which establishes a technical barrier. The company focuses on developing products that can contribute to cost reduction and lightweighting.
The automotive adhesives market is expected to grow from $6.7 billion in 2024 to $13.0 billion in 2030, driven by the rising demand for electronic components due to electrification and autonomous driving, and the increased need for lighter and more eco-friendly materials.
Filed Under: Adhesives, Technology News