The Global Silicone-Based Thermal Grease Market was valued at USD 345.6 Million in 2024 and is projected to reach USD 478.9 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period (2024–2030). This steady growth is propelled by rising demand for advanced thermal interface materials in computing, consumer electronics, and electric vehicle power electronics applications.

As electronic devices push performance boundaries with higher power densities and compact form factors, silicone-based thermal greases have become indispensable for effective heat dissipation. These materials dominate 68% of the thermal interface market due to their superior thermal conductivity (up to 14 W/mK), electrical insulation properties, and long-term reliability. In this analysis, we examine the Top 10 Companies in the Silicone-Based Thermal Grease Industry—innovators setting the benchmark for thermal management solutions.

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🔟 1. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: X-23-7762, TC-50 series thermal greases

Shin-Etsu maintains its leadership position through continuous R&D in silicone polymer technology, with formulations achieving thermal conductivities up to 12 W/mK. The company holds 28% market share in high-performance thermal interface materials.

Innovation Highlights:

• Patented silicone matrix technology with ceramic filler systems

• Ultra-low thermal resistance formulations for 5G/mmWave applications

• Automotive-grade thermal greases qualified for EV power modules

Download FREE Sample Report: Global Silicone-Based Thermal Grease Market – View in Detailed Research Report

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9️⃣ 2. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: DOWSIL TC-3015, TC-5622 thermal greases

Dow’s advanced silicone formulations demonstrate exceptional pump-out resistance and stability across -40°C to 200°C operating ranges, making them ideal for industrial electronics and automotive applications.

Innovation Highlights:

• Low-bleed formulations for high-vibration environments

• Thermal resistance below 0.05°C·in²/W

• High-reliability options for aerospace-grade applications

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8️⃣ 3. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: LOCTITE TCB series thermal greases

Henkel combines material science expertise with automated dispensing solutions, offering thermally conductive greases with viscosity ranges from 50,000 to 500,000 cP for precise application control.

Innovation Highlights:

• Phase-change thermal interface materials

• Nano-particle enhanced formulations up to 14 W/mK

• UL recognized and RoHS compliant options

Download FREE Sample Report: Global Silicone-Based Thermal Grease Market – View in Detailed Research Report

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7️⃣ 4. Parker Hannifin (Chomerics Division)

Headquarters: Woburn, Massachusetts, USA
Key Offering: CHO-THERM T500 series thermal greases

Parker’s Chomerics division delivers mission-critical thermal interface solutions for aerospace, defense, and high-performance computing, with materials tested to MIL-STD-883 standards.

Innovation Highlights:

• Space-qualified thermal interface materials

• Electrically insulative formulations up to 10 W/mK

• Custom rheology formulations for specific assembly processes

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6️⃣ 5. Laird Performance Materials

Headquarters: Chesterfield, Missouri, USA
Key Offering: Tgrease 800 series thermal greases

Laird specializes in thermal solutions for high-power density applications, with silicone greases specifically formulated for telecommunications infrastructure and power electronics up to 10kW.

Innovation Highlights:

• Nano-diamond particle enhanced formulations

• Low thermal impedance solutions for IGBT modules

• Automotive-qualified thermal interface materials

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5️⃣ 6. H.B. Fuller Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: Xiameter thermal grease product line

H.B. Fuller offers cost-optimized silicone thermal interface materials through its Xiameter brand, balancing performance and value for high-volume electronics manufacturing.

Innovation Highlights:

• Medium conductivity formulations (3-6 W/mK)

• Fast-curing options for high-throughput production

• Formulator-friendly base materials

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4️⃣ 7. MG Chemicals

Headquarters: Surrey, British Columbia, Canada
Key Offering: 860, 861 series silicone thermal grease

MG Chemicals provides reliable thermal solutions for electronics maintenance and repair applications, with formulations focused on ease of application and reworkability.

Innovation Highlights:

• Non-curing silicone grease formulations

• Metal-free compositions eliminating EMI risks

• Non-migrating formulations for vertical applications

Download FREE Sample Report: Global Silicone-Based Thermal Grease Market – View in Detailed Research Report

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3️⃣ 8. Boyd Corporation

Headquarters: Pleasanton, California, USA
Key Offering: AOS thermal interface products

Boyd delivers engineered thermal solutions combining materials expertise with application knowledge, particularly for medical electronics and defense applications requiring stringent reliability.

Innovation Highlights:

• Ultrasound-dispensable thermal greases

• Low-outgassing space-grade formulations

• DFARS-compliant military solutions

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2️⃣ 9. Electrolube

Headquarters: Derby, United Kingdom
Key Offering: HTG series thermal greases

Electrolube’s thermally conductive formulations address demanding industrial environments, with products tested for long-term stability in high-humidity and chemically aggressive conditions.

Innovation Highlights:

• Thermal conductivity up to 8 W/mK stable across -50°C to 200°C

• Low-volatility formulations for extended service life

• UL 94 V-0 flame retardant options

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1️⃣ 10. Thermaltake Technology Co., Ltd.

Headquarters: Taipei, Taiwan
Key Offering: TG-7, TG-50 thermal greases

Thermaltake specializes in consumer-focused thermal solutions, offering optimized formulations for PC builders and gaming hardware enthusiasts.

Innovation Highlights:

• Color-coded formulations for application verification

• Easy-spread viscosity profiles

• Anti-drying formulations for long-term stability

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🌍 Market Outlook: Advancing Thermal Management Technologies

The silicone thermal grease market continues evolving with electronics innovation:

• High-performance computing driving demand for >10 W/mK materials

• EV power electronics requiring higher temperature stability (-50°C to 250°C)

• 5G infrastructure deployments increasing need for reliable thermal interfaces

• Automated dispensing driving formulation innovations for precision application

Get Full Report Here: Global Silicone-Based Thermal Grease Market – View in Detailed Research Report

These leading companies are enabling the thermal management revolution powering our electronics-driven world.