South Korea Thermal Management Market Size, Share, and COVID-19 Impact Analysis, By Material (Adhesive Materials and Non-adhesive Materials) and By End User (Automotive, Aerospace, Consumer Electronics, Servers, Data Centers, Aerospace and Defense, and Healthcare), and South Korea Thermal Management Market Insights, Industry Trend, Forecasts to 2035

South Korea Thermal Management Market Insights Forecasts to 2035

• The South Korea Thermal Management Market Size Was Estimated at USD 235.8 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 9.19% from 2025 to 2035
• The South Korea Thermal Management Market Size is Expected to Reach USD 620.4 Million by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea Thermal Management Market Size is anticipated to reach USD 620.4 Million by 2035, growing at a CAGR of 9.19% from 2025 to 2035. The thermal management sector in South Korea is exhibiting noteworthy trends, propelled by the growing demand for energy efficiency and growing environmental concerns.

Market Overview

Technologies, goods, and services aimed at regulating and dissipating heat produced by electronic systems and devices are all included in the thermal management market. The goal of this industry to guarantee longevity, performance, and dependability. By increasing system and component efficiency, thermal management solutions can help cut down on energy use and operating expenses. Good temperature control prolongs component life and lowers replacement costs by preventing damage and failure. Electronic gadgets and other systems may malfunction as a result of overheating. By preventing these failures, thermal management solutions lower maintenance expenses and downtime. Strong thermal solutions are required to manage the heat produced by high-density computing due to the quick growth of data centers and cloud computing services. To encourage the creation of innovative heat management technology, governments are funding research and development projects. To speed up innovation in the field, these programs may involve grants, subsidies, and industry-academia partnerships.

Report Coverage

This research report categorizes the market for South Korea thermal management market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea thermal management market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea thermal management market.

Driving Factors

Thermal management components help achieve energy efficiency by using less energy. In the automotive sector, the need for sophisticated thermal management systems is driven by a growing emphasis on lowering vehicle emissions and increasing fuel efficiency. In order to properly control heat dissipation, the move toward more compact and potent electronic gadgets necessitates creative thermal management methods. Technologies for thermal management are being used more and more in a variety of industries, such as telecommunications, automotive, aerospace, and defense, to prolong the life of electronic systems and avoid malfunctions.

Restraining Factors

The growing complexity of electronic devices and other equipment, especially in smaller devices. Exporting thermally related systems, such as catalytic converters and SCRs, can be hampered by regional differences in emission rules and a lack of standardization, which can affect manufacturers' capacity to procure raw materials and inventory.

Market Segmentation

The South Korea Thermal Management Market share is classified into material and end user.

• The adhesive materials segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korean thermal management market is segmented by material into adhesive materials and non-adhesive materials. Among these, the adhesive materials segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Adhesive materials are crucial for joining parts in electrical devices, guaranteeing both mechanical integrity and thermal efficiency. Given the rising power densities in contemporary electronic devices, the usage of these materials helps achieve dependable thermal interface performance.

• The automotive segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea thermal management market is segmented by end user into automotive, aerospace, consumer electronics, servers, data centers, aerospace and defense, and healthcare. Among these, the automotive segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The emergence of electric vehicles is changing the automotive industry and calling for creative thermal management to improve battery performance and longevity.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea thermal management market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies       

• Daewoo International
• Calsonic Kansei
• LG Electronics
• Korea Electric Power Corporation
• POSCO
• Tata AutoComp Systems
• Valeo
• Samsung Electronics
• Hyundai Motor Company
• Mando Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea thermal management market based on the below-mentioned segments:

South Korea Thermal Management Market, By Material

• Adhesive Materials
• Non-adhesive Materials

South Korea Thermal Management Market, By End User

• Automotive
• Aerospace
• Consumer Electronics
• Servers
• Data Centers
• Aerospace
• Defense
• Healthcare