The Global Thermal Greases Market was valued at USD 2.25 Billion in 2024 and is projected to reach USD 3.50 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period (2024–2030). This growth is primarily driven by the relentless miniaturization of electronics, surging demand for high-performance computing, and the accelerating adoption of electric vehicles (EVs) and advanced telecommunications infrastructure across the globe.

As the world becomes increasingly dependent on powerful, compact electronics, the critical role of efficient thermal management in ensuring device longevity and performance cannot be overstated. In this blog, we profile the Top 10 Companies in the Thermal Greases Industry—a mix of chemical giants, material science innovators, and specialized manufacturers shaping the future of heat dissipation.

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🔟 1. 3M Company

Headquarters: Maplewood, Minnesota, USA
Key Offering: 3M™ Thermally Conductive Greases, Advanced Silicone-Based Compounds

3M is a dominant force in the specialty materials sector, offering a comprehensive portfolio of thermal interface materials (TIMs), including high-performance thermal greases. Their products are renowned for reliability and are used extensively in consumer electronics, automotive electronics, and industrial power systems.

Innovation Initiatives:

• Development of next-generation, high-thermal-conductivity greases

• Focus on environmentally friendly, non-silicone formulations

• Strategic R&D partnerships with leading semiconductor and automotive OEMs

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9️⃣ 2. Dow Corning (now part of Dow Inc.)

Headquarters: Midland, Michigan, USA
Key Offering: Dow Corning® TC- Series Greases, Silicone-Based Thermal Compounds

Dow Corning, a world leader in silicones, provides a wide array of thermal greases that set industry standards for stability and performance. Their materials are engineered to withstand extreme temperatures and harsh environmental conditions, making them ideal for demanding applications.

Innovation Initiatives:

• Pioneering silicone-based and silicone-free thermal solutions

• Investment in materials with enhanced electrical insulation properties

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8️⃣ 3. Parker Hannifin Corporation (Chomerics Division)

Headquarters: Cleveland, Ohio, USA
Key Offering: CHO-THERM® Thermal Greases, Electrically Insulating TIG™ Materials

Parker’s Chomerics division specializes in EMI shielding and thermal management materials. Their thermal greases are critical in applications requiring both efficient heat transfer and electrical isolation, such as power modules and LEDs.

Innovation Initiatives:

• Advanced formulations for 5G infrastructure and EV power electronics

• Development of low-bleed, high-reliability greases for automotive-grade applications

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7️⃣ 4. Laird Performance Materials

Headquarters: Earth City, Missouri, USA
Key Offering: Tputty™ Greases, High-Performance Thermal Interface Pads and Greases

Laird Performance Materials offers a broad spectrum of thermal management solutions. Their thermal greases are designed for high-volume, automated assembly processes, serving the consumer electronics and telecommunications industries globally.

Innovation Initiatives:

• Focus on materials compatible with automated dispensing systems

• Expansion of product lines for server and data center cooling

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6️⃣ 5. Sekisui Chemical Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: X-sil thermally conductive silicone greases, Custom-formulated TIMs

Sekisui Chemical is a major Japanese chemical company with a strong presence in high-performance polymers and functional materials. Their thermal greases are known for superior thermal conductivity and long-term stability in harsh environments.

Innovation Initiatives:

• Development of ultra-high thermal conductivity materials for next-gen CPUs/GPUs

• Strong focus on the Asian electronics manufacturing market

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5️⃣ 6. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: Loctite® Thermal Greases, Bergquist Brand TIMs

Following its acquisition of Bergquist, Henkel has become a powerhouse in thermal management. The company provides a diverse range of thermal greases under the trusted Loctite and Bergquist brands, catering to everything from smartphones to industrial motors.

Innovation Initiatives:

• Integration of Bergquist’s TIM technology with Henkel’s adhesives expertise

• R&D into thermally conductive gap fillers and phase change materials

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4️⃣ 7. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Shin-Etsu Silicone-based Thermal Greases, X-23- series compounds

Shin-Etsu is the world’s largest silicone manufacturer and a key supplier of high-purity thermal greases. Their products are essential in applications where ultra-reliability and minimal thermal degradation are paramount, such as in aerospace and military electronics.

Innovation Initiatives:

• Production of high-purity silicones for critical electronic applications

• Focus on materials with low volatility for long-duration performance

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3️⃣ 8. Wacker Chemie AG

Headquarters: Munich, Germany
Key Offering: SEMICOSIL® Thermal Greases, Silicone Elastomers and Sealants

Wacker Chemie is a leading global chemical company with a strong silicones division. Their SEMICOSIL® line of thermal greases is specifically engineered for the electronics industry, offering excellent heat dissipation and electrical properties.

Innovation Initiatives:

• Development of thermally conductive adhesives and encapsulants

• Sustainable product development with a focus on reduced environmental impact

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2️⃣ 9. MG Chemicals

Headquarters: Surrey, British Columbia, Canada
Key Offering: MG Chemicals Thermal Compounds, Consumer and Industrial Grade Greases

MG Chemicals is a well-known manufacturer of chemical products for electronics, including a popular range of thermal compounds. They serve a broad market, from DIY PC builders and repair shops to industrial maintenance and manufacturing.

Innovation Initiatives:

• Providing accessible, high-value thermal solutions for the maker and repair community

• Expansion of product lines to include non-silicone and metal-based greases

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1️⃣ 10. Boyd Corporation

Headquarters: Pleasanton, California, USA
Key Offering: Aavid Thermal Greases, Integrated Thermal Management Systems

Boyd Corporation, through its Aavid brand, is a global leader in thermal management technologies. They offer not just thermal greases but complete thermal solutions, combining materials with heat sink design for optimized performance in demanding applications like cloud computing and medical devices.

Innovation Initiatives:

• Systems-level approach combining materials, engineering, and manufacturing

• Focus on custom thermal solutions for electric and autonomous vehicle systems

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🌡️ Outlook: The Future of Thermal Greases Is High-Performance and Specialized

The thermal greases market is undergoing a significant transformation. As electronic components become more powerful and compact, the demand for thermal greases that offer higher conductivity, greater reliability, and application-specific properties is intensifying.

📈 Key Trends Shaping the Market:

• Rising demand for high-thermal-conductivity greases (>10 W/mK) for AI servers and GPUs

• Shift towards non-silicone, non-migrating formulations for sensitive automotive and medical electronics

• Increasing adoption of thermally conductive gap fillers and phase change materials as complementary solutions

• Growth in automated dispensing systems driving demand for greases with specific rheological properties

The companies listed above are not only supplying essential materials—they are enabling the technological advancements that define the modern digital era by keeping our electronics cool, efficient, and reliable.

Get Full Report Here: Thermal Greases Market – View in Detailed Research Report