The Global Thermal Compound & Grease Market was valued at USD 784.3 Million in 2024 and is projected to reach USD 1,152.8 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period (2024–2030). This expansion is driven by the proliferation of high-performance computing devices, the miniaturization of electronics, expanding electric vehicle production, and the accelerating adoption of Phase Change Materials (PCMs) and other advanced cooling solutions across consumer electronics and industrial sectors.

As the electronics industry intensifies its focus on heat management and operational reliability, the spotlight is on the key thermal interface material suppliers who are driving innovation, performance, and longevity in electronic assemblies. In this blog, we profile the Top 10 Companies in the Thermal Compound & Grease Industry—a diverse mix of material specialists, performance brands, and advanced cooling pioneers shaping the future of thermal management.

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🔟 1. Arctic Silver

Headquarters: Visalia, California, USA
Key Offering: Arctic Silver 5, Ceramique 2, High-Density Polysynthetic Silver Thermal Compound

Arctic Silver is a pioneer in the high-performance thermal compound market, renowned for its advanced formulas that maximize heat transfer between CPUs, GPUs, and heatsinks. The company’s products are widely used in custom PC builds, overclocking communities, and industrial computing applications, with a strong emphasis on silver-based thermal conductivity.

Innovation Initiatives:

• Development of proprietary silver particle suspension formulas

• Focus on long-term thermal stability and non-electrical conductivity

• Active engagement with enthusiast communities for product feedback and testing

Download FREE Sample Report: Thermal Compound & Grease Market – View in Detailed Research Report

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9️⃣ 2. ARCTIC COOLING

Headquarters: Zug, Switzerland
Key Offering: MX-4, MX-5, High-Performance Thermal Paste

ARCTIC COOLING has established itself as a global leader in thermal solutions, offering a wide range of thermal compounds, CPU coolers, and case fans. Its MX-series thermal pastes are among the best-selling globally, offering excellent thermal conductivity and easy application.

Innovation Initiatives:

• Continuous refinement of carbon-based and ceramic thermal compounds

• Strong focus on the PC DIY and OEM markets

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8️⃣ 3. Thermal Grizzly

Headquarters: Berlin, Germany
Key Offering: Conductonaut, Kryonaut, Aeronaut Thermal Paste

Thermal Grizzly is acclaimed for producing some of the highest-performing thermal interface materials on the market. Its Conductonaut liquid metal compound is an industry benchmark for extreme cooling applications.

Innovation Initiatives:

• Specialization in liquid metal thermal compounds for delidded processors

• Collaboration with major hardware reviewers and system integrators

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7️⃣ 4. Noctua

Headquarters: Vienna, Austria
Key Offering: NT-H1, NT-H2, High-End Thermal Compound

Noctua is synonymous with premium cooling solutions, with its thermal compounds being bundled with their renowned CPU coolers and also sold separately. The brand is trusted for reliability and consistent performance in demanding environments.

Innovation Initiatives:

• Proprietary compound formulations tested extensively for long-term stability

• Strong focus on acoustic and thermal performance optimization

Download FREE Sample Report: Thermal Compound & Grease Market – View in Detailed Research Report

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6️⃣ 5. GELID Solutions Ltd.

Headquarters: Taipei, Taiwan
Key Offering: GC-Extreme, GC-Superior, Thermal Grease

GELID Solutions offers a comprehensive portfolio of thermal interface materials targeting diverse market segments from mainstream computing to industrial applications.

Innovation Initiatives:

• Development of high-viscosity, non-pump-out thermal compounds

• Expansion into thermal pads and other complementary cooling accessories

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5️⃣ 6. Cooler Master

Headquarters: New Taipei City, Taiwan
Key Offering: MasterGel Pro, MasterGel Maker Nano

Cooler Master leverages its massive presence in the PC component ecosystem to distribute thermal compounds globally. Its products are commonly used in system builds and maintenance.

Innovation Initiatives:

• Integration of thermal compounds within broader cooling system solutions

• Focus on cost-effective performance for the broader consumer market

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4️⃣ 7. Thermaltake

Headquarters: Taipei, Taiwan
Key Offering: TG-7, TG-8, High-Performance Thermal Grease

Thermaltake provides thermal compounds as part of its extensive lineup of PC cases, power supplies, and cooling products.

Innovation Initiatives:

• Development of silicone-based and non-silicone thermal grease formulations

• Strategic bundling with cooling systems for enhanced value

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3️⃣ 8. Antec

Headquarters: Fremont, California, USA
Key Offering: Formula Series Thermal Compound, Nano Diamond Thermal Grease

Antec’s thermal compounds are designed for both novice users and performance enthusiasts, emphasizing ease of use and effective heat dissipation.

Innovation Initiatives:

• Focus on reliability and non-corrosive properties for extended component life

• Focus on maintaining competitive thermal conductivity ratings

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2️⃣ 9. Fujipoly

Headquarters: Tokyo, Japan
Key Offering: Sarcon Series Thermal Pads, High-Performance Thermal Grease

Fujipoly is a major force in specialized thermal interface materials, particularly known for its high-performance thermal pads used in server farms, graphics cards, and networking equipment.

Innovation Initiatives:

• Leadership in thermally conductive gap filler pads for industrial applications

• Development of materials with high thermal conductivity and excellent dielectric strength

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1️⃣ 10. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: 3M™ Thermal Grease, 3M™ Thermally Conductive Adhesives

3M leverages its extensive material science expertise to produce a wide array of thermal management solutions used across the electronics value chain.

Innovation Initiatives:

• Broad portfolio spanning consumer electronics to automotive and aerospace applications

• Continuous R&D in polymer-based thermally conductive materials

Get Full Report Here: Thermal Compound & Grease Market – View in Detailed Research Report

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🌍 Outlook: The Future of Thermal Management Is Smarter and More Efficient

The thermal compound and grease market is undergoing a fundamental transformation. While traditional silicone-based greases still dominate in volume, the industry is increasingly focused on high-thermal-conductivity alternatives, phase change materials, and electrically insulating compounds to meet evolving industry demands.

📈 Key Trends Shaping the Market:

• Accelerated adoption of non-silicone, metal-based, and carbon-based formulations

• Growing demand from electric vehicle power electronics and battery thermal management systems

• Increased focus on automation-friendly application methods and pump-out resistance

• Expansion of 5G infrastructure driving need for advanced thermal materials in base stations

Get Full Report Here: Thermal Compound & Grease Market – View in Detailed Research Report

The companies listed above are not only enabling high-performance electronics—they’re pioneering the thermal efficiency revolution that underpins modern digital infrastructure.