What NEOGRAF SOLUTIONS does

NeoGraf Solutions, LLC is a privately held, Ohio-based manufacturer of graphite materials founded in 1881 and headquartered in Lakewood. The company develops and produces a comprehensive portfolio of nine branded product lines spanning flexible graphite sheets, thick graphite thermal management solutions, graphene nanoplatelets and graphite powders, expandable graphite fire retardants, graphite masterbatches, and graphite fuel cell materials. Its core manufacturing capability — described as the only North American continuous chemical treatment of raw graphite into flexible sheets for high-volume production — underpins products that displace aluminum, copper, thermal greases, and asbestos in customer applications.

The company's products target OEMs and compounders across seven verticals: consumer electronics (smartphones, laptops, displays, power electronics), automotive and transportation (EV battery thermal management, foams and seals), energy (data centers, fuel cells, stationary storage), building and construction (fire-resistant coatings, roofing, fire-stop materials, insulation foams), industrial manufacturing (fluid sealing and gaskets), aerospace and defense (satellites, aviation, UAVs), and medical devices (diagnostic and patient monitoring equipment). NeoGraf's go-to-market combines direct B2B engineering engagement with OEMs — supported by its "Ask an Engineer" application support platform and thermal modeling services — with a worldwide distribution network for GraFoil flexible graphite products. Revenue is generated through hardware sales of manufactured graphite materials, with quote-based pricing driven by specifications and volume; pricing is not publicly disclosed.

The company operates without disclosed external funding, is independently owned, and reports no parent company. It holds ISO 9001 certification, maintains an extensive granted patent portfolio across the US, EU, China, Japan, and Korea, and is a member of The Graphene Council. In December 2024, NeoGraf publicly reaffirmed its USA-based manufacturing footprint in response to tariff and Chinese graphite export restrictions, positioning itself as a supply-chain-secure domestic source for thermal management, fire safety, and energy storage applications.

Name

NEOGRAF SOLUTIONS

Legal name

NeoGraf Solutions, LLC

Website

https://neograf.com

Company type

Private

Founded year

1881

Operating status

Operating

Headcount range

101–250 employees

Short description

NeoGraf Solutions is a privately held, Ohio-based graphite materials manufacturer with 140+ years of history, producing thermal management sheets, graphene additives, fire-retardant flakes, and fuel cell plates for global B2B OEMs across electronics, automotive, energy, construction, and industrial markets.

Ownership category

akta.pro rank

Product category

Advanced Graphite Materials

NAICS

Carbon and Graphite Product Manufacturing (335991)

SIC

Abrasive, Asbestos & Misc Nonmetallic Mineral Prods (3290), Adhesives & Sealants (2891)

akta.pro primary industry

Functional Carbon Fillers (Carbon Black, Graphite) (IMAEAFAO)

akta.pro secondary industry

Natural Graphite Mining & Concentrates (IMAKAFAD)

Keywords

• Graphite thermal management
• Flexible graphite materials
• Graphene nanoplatelet additives
• Expandable graphite flakes
• Fuel cell graphite plates

Headquarters

HQ city

Lakewood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Graphite Material Sales: NeoGraf generates revenue through the sale of proprietary graphite materials and solutions. The company manufactures and sells finished graphite products including thermal management materials (NeoNxGen, SpreaderShield, HiTherm), graphite powders and additives (Graf+, Graf-X, Graf-M masterbatches), fire retardant materials (GrafGuard), flexible graphite for sealing (GraFoil), and fuel cell materials (GrafCell). Revenue is generated through direct B2B sales to OEMs and manufacturers across multiple vertical markets.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

NeoGraf Solutions develops and manufactures proprietary graphite materials and engineered graphite solutions, including flexible graphite sheets, graphite powders, graphene nanoplatelets, expandable graphite flakes, thermal interface materials, and fuel cell components. The company sells nine branded product lines (NeoNxGen, eGraf SpreaderShield, eGraf HiTherm, Graf+, Graf-X, Graf-M, GrafGuard, GraFoil, GrafCell) to OEMs, manufacturers, and compounders across electronics, automotive, energy, building & construction, and industrial markets.

Product overview

NeoGraf Solutions is the world leader in graphite material science with over 140 years of experience. The company offers a comprehensive portfolio of nine branded product lines spanning thermal management solutions (NeoNxGen®, eGraf® SpreaderShield™, eGraf® HiTherm™), graphite powders and additives (Graf+®, Graf-X™, Graf-M™), fire stop materials (GrafGuard®), gaskets and sealants (GraFoil®), and fuel cell materials (GrafCell®). These products serve diverse markets including consumer electronics, transportation, energy storage, aerospace, building and construction, and industrial manufacturing. The portfolio ranges from thick graphite thermal management solutions to fine graphite powders, graphene nanoplatelets, expandable graphite flakes for fire retardancy, and flexible graphite materials for sealing and fuel cell applications.

Differentiator

Problem solved

Functional benefit

Brands

• NeoNxGen®: High performance thick graphite thermal management solutions for demanding thermal challenges in consumer electronics, transportation, energy storage, medical, and aerospace applications
• eGraf®
• Graf+®
• Graf-X™
• Graf-M™
• GrafGuard®
• GraFoil®
• GrafCell®

Products and services

• NeoNxGen® Thermal Management Solutions High-performance thick graphite thermal management solution designed for challenging applications. Provides a single-layer solution eliminating cost, complexity, and reliability concerns of multilayered thermal management approaches, serving consumer electronics, transportation, energy storage, medical, and aerospace markets with demanding thermal requirements.
• eGraf® SpreaderShield™ Heat Spreaders Flexible graphite heat spreader materials that cool hot components, protect temperature-sensitive components, reduce thermal gradients, and prevent surface hot spots. Available in natural graphite (350-600 W/m·K in-plane thermal conductivity) and synthetic graphite (1350-1600 W/m·K) grades, with thicknesses as low as 17 μm and anisotropic ratio up to 300:1.
• eGraf® HiTherm™ Thermal Interface Materials Thermal interface sheets made of flexible graphite for demanding solid-state lighting, computing, and power electronics applications. Available in standard and compressible versions, withstand temperatures up to 400°C without damage, do not outgas, and can be reused without reducing effectiveness.
• Graf+® Graphite Powders Natural and synthetic graphite powders and graphene nanoplatelets (GNPs) available in a range of particle sizes (5-25 μm), BET surface areas, Scott densities, and purities. Used to enhance thermal and electrical conductivity in polymers, improve UV protection, and increase insulation value in foams and boards.
• Graf-X™ Graphene Additives Graphene nanoplatelets (GNPs) that increase mechanical strength, enhance thermal and electrical conductivity, and provide barrier properties when compounded into materials. Available in a range of lateral platelet dimensions, BET surface areas, and purities, including Graf-X Graphene Precursors for further processing.
• Graf-M™ Graphite Masterbatches Graphite masterbatches incorporating Graf-X graphene nanoplatelets, Graf+ graphite powder, and GrafGuard expandable graphite additives to boost electrical, thermal, mechanical, and fire-retardant properties of polymers for downstream converters and compounders.
• GrafGuard® Expandable Graphite Flakes Non-halogenated fire retardant additive that expands to several hundred times its original volume when exposed to fire heat. Used in building materials and automotive applications, with engineered intumescent temperatures tailored from room temperature to 280°C for synergistic performance with other flame retardants.
• GraFoil® Flexible Graphite

Quantifiable outcome

• Graphite heat spreaders provide half the thickness and one-third the weight compared to aluminum for equivalent heat spreading
• +4 more outcomes

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

One partnership is on record.

• The Graphene CouncilminorStrategic or Co-development PartnerNeoGraf Solutions is a member of The Graphene Council, combining their over 135 years of manufacturing excellence and innovation in graphite material science with other esteemed members of the organization who want to help drive the graphene industry forward. This membership provides collaboration opportunities with other industry leaders to help measure and characterize graphene products.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• SGL Carbon: German-based global manufacturer of specialty graphite, carbon fibers, and composite materials serving automotive, energy, industrial, and electronics markets. Highly comparable to NeoGraf in graphite material science, customer verticals (EV, fuel cell, industrial sealing), and product breadth including flexible graphite and graphite-based thermal solutions.
• Mersen: French-listed manufacturer of carbon-based specialty materials, including graphite solutions for EV/electronics thermal management, fuel cells, and industrial processes. Comparable to NeoGraf in offering flexible graphite, bipolar plate materials, and engineered carbon products for overlapping end markets.
• Toyo Tanso: Japanese specialty graphite producer with products spanning isotropic graphite, carbon black, and SiC-coated graphite for semiconductors, solar, and industrial applications. Comparable to NeoGraf in specialty graphite material science and overlap in EV/electronics and industrial verticals.
• GrafTech International: US-based graphite electrode and specialty graphite manufacturer historically linked to NeoGraf (NeoGraf originated as a GrafTech business). Directly comparable in flexible graphite heritage, sealing, and thermal management product portfolio, and serves overlapping industrial customers.
• Resonac (formerly Showa Denko): Japanese chemical and materials company producing specialty graphite, expandable graphite, and carbon materials for batteries, electronics, and industrial uses. Directly comparable to NeoGraf in expandable graphite fire retardants, graphite powders, and battery/electronics adjacencies.
• Asbury Carbons: Privately held US processor and distributor of carbon and graphite materials including natural/synthetic graphite powders, expandable graphite, and specialty carbons. Closely comparable to NeoGraf in graphite powder/additives portfolio and serving overlapping polymer, refractory, and battery customers.
• Nippon Carbon: Japanese manufacturer of artificial graphite electrodes, specialty carbon products, and carbon fiber for industrial and high-temperature applications. Comparable to NeoGraf in specialty carbon manufacturing capability and serving industrial/electronics verticals.

Broad incumbents

• 3M Thermal Management: Diversified global industrial major with a broad thermal management portfolio including thermal interface materials, gap pads, and heat spreaders. Competes with NeoGraf's eGraf HiTherm/SpreaderShield lines for electronics and EV thermal design slots but is part of a much broader materials portfolio.
• Henkel (Adhesives & Thermal Materials): Global adhesives, sealants, and functional coatings major with thermal interface materials for electronics and EV battery assembly. Comparable to NeoGraf in thermal interface and bonding applications but operates at a much larger scale across multiple chemistries.
• Parker Hannifin (Chomerics / LORD): Large industrial conglomerate with thermal management, sealing, and engineered materials divisions serving aerospace, automotive, and electronics. Competes with NeoGraf in EMI/thermal materials and industrial sealing via the Chomerics division, but is far broader in scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/neograf-solutions-llc

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NEOGRAF SOLUTIONS