LG Chem to Supply Thermally Conductive Adhesives in North America

LG Chem plans to expand its share of the global mobility market by supplying thermally conductive adhesives to North American automakers, and the company also said it intends to develop its automotive adhesives business into a multi-million dollar division.

Thermally conductive adhesives are used to bond battery cells to modules or battery packs, and are essential for thermal management and performance maintenance due to their high thermal conductivity and electrical insulation.
LG Chem has production bases in Europe and the United States, and has more than 180 patents, establishing technological barriers and providing customized solutions. The company is currently focusing on developing products that help reduce costs and weight for customers.

LG Chem acquired Uniseal, a U.S. automotive adhesive expert, in 2018 to enter the North American automotive adhesive business. Recently, Uniseal successfully developed new products for automotive bodies that do not contain harmful chemicals and have less carbon emissions.

In addition to thermally conductive adhesives for batteries, LG Chem is also working closely with domestic and foreign companies to develop various adhesive materials such as polyimide varnish and silver nanopaste for motors and inverters/converters. The company has also expanded its adhesives product line to include products that can be applied to a variety of electronic components such as camera sensors, headlamps and in-vehicle displays.

The automotive adhesives market is expected to grow from $6.7 billion in 2024 to $13 billion in 2030, driven by growing demand for electronic components for electrification and autonomous driving, as well as increasing demand for lighter, more environmentally friendly materials. Shin Hak-Cheol, CEO of LG Chem, said: "

As a leading electronic materials supplier in the display and semiconductor industries, we have accumulated technological advances such as material synthesis, performance design and manufacturing processes. Based on our expertise, we will actively develop the mobile materials business - which we believe is a future growth area - and strengthen our market position. "