The Global Grease for Electronics Market was valued at USD 1.45 Billion in 2024 and is projected to reach USD 2.18 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024–2030). This robust growth is driven by the escalating demand for high-performance electronics, the expansion of 5G infrastructure, the proliferation of electric vehicles (EVs), and the critical need for effective thermal management solutions in increasingly compact and powerful devices.

As electronic components become more sophisticated and power-dense, the role of specialized greases in ensuring longevity, preventing corrosion, and managing heat is more crucial than ever. These advanced lubricants and thermal interface materials (TIMs) are essential for the reliability of everything from smartphones and data centers to automotive sensors and aerospace avionics. In this blog, we profile the Top 10 Companies in the Grease for Electronics Industry—a group of chemical innovators and material science leaders ensuring the smooth and cool operation of the digital world.

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🔟 1. Parker Hannifin Corporation

Headquarters: Cleveland, Ohio, USA
Key Offering: CHO-THERM® Thermal Interface Materials, Lubricating Greases

Parker Hannifin is a global leader in motion and control technologies, with a robust division dedicated to high-performance materials. Its CHO-THERM® brand includes a wide range of thermal greases and gap fillers designed for demanding electronics applications, from military systems to consumer devices.

Innovation & Application Focus:

• Advanced thermal management solutions for high-power electronics

• Materials designed for extreme temperature stability and long-term reliability

• Strong presence in aerospace, defense, and automotive electronics sectors

Download FREE Sample Report:
Grease for Electronics Market – View in Detailed Research Report

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9️⃣ 2. Nye Lubricants

Headquarters: Fairhaven, Massachusetts, USA
Key Offering: Synthetic Greases, Dielectric Lubricants, Thermally Conductive Compounds

Nye Lubricants specializes in formulating synthetic lubricants for critical applications. The company is renowned for its high-purity greases that meet stringent requirements for electronics, including non-conductive dielectrics and thermally conductive materials for heat dissipation.

Innovation & Application Focus:

• Expertise in fluorocarbon-based and silicone-based synthetic greases

• Products for connectors, potentiometers, bearings, and thermal management

• Compliance with industry standards like NASA outgassing specifications

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8️⃣ 3. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: 3M™ Thermal Greases, Electrically Conductive Adhesives, Dielectric Gels

3M is a diversified technology giant with a significant portfolio of electronic materials. Its offerings include high-performance thermal interface greases that are critical for dissipating heat from CPUs, GPUs, and power electronics in a wide array of devices.

Innovation & Application Focus:

• Broad range of TIMs for consumer electronics and industrial applications

• Research into next-generation materials for higher thermal conductivity

• Global supply chain supporting mass production for major OEMs

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7️⃣ 4. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: LOCTITE® Thermal Interface Materials, Bergquist Brand Gap Pads and Greases

Following its acquisition of Bergquist, Henkel has solidified its position as a powerhouse in thermal management. The company’s LOCTITE and Bergquist brands provide a comprehensive suite of thermal greases, gap fillers, and phase change materials for the electronics industry.

Innovation & Application Focus:

• Leading provider for automotive electronics, particularly for EVs and ADAS

• Focus on silicone-based and non-silicone thermal greases

• Sustainable product development initiatives

Download FREE Sample Report:
Grease for Electronics Market – View in Detailed Research Report

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6️⃣ 5. MG Chemicals

Headquarters: Surrey, British Columbia, Canada
Key Offering: Thermal Grease, Dielectric Grease, Conformal Coatings

MG Chemicals is a well-known manufacturer of chemical products for electronics maintenance and repair. It offers accessible and reliable thermal compounds and dielectric greases popular among OEMs, contract manufacturers, and the DIY electronics community.

Innovation & Application Focus:

• Affordable and effective thermal management solutions

• Strong distribution network for retail and industrial customers

• Products tailored for computer hardware, automotive electronics, and home appliances

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5️⃣ 6. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: DOWSIL™ Thermal Interface Materials, Silicone Greases

Dow is a global materials science leader, and its DOWSIL™ brand is synonymous with high-performance silicones. The company produces specialty silicone-based greases that offer excellent thermal conductivity, water repellency, and stability for protecting and enhancing electronic assemblies.

Innovation & Application Focus:

• Advanced silicone chemistry for extreme environment performance

• Focus on sustainability with recyclable and long-lasting product designs

• Applications in solar energy, telecommunications, and transportation electronics

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4️⃣ 7. Master Bond Inc.

Headquarters: Hackensack, New Jersey, USA
Key Offering: Epoxy Compounds, Thermally Conductive Adhesives and Sealants, Specialty Greases

Master Bond is a leading formulator and manufacturer of high-grade adhesives, sealants, and coatings. The company develops specialized thermally conductive greases and compounds that provide both lubrication and effective heat transfer in electronic packaging.

Innovation & Application Focus:

• Custom formulation capabilities for specific customer requirements

• Products resistant to harsh chemicals, moisture, and thermal cycling

• Serving niche markets including medical electronics and optical instruments

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3️⃣ 8. Kemtron Ltd.

Headquarters: Maldon, Essex, United Kingdom
Key Offering: Electrically Conductive Greases, EMI Shielding Gaskets

Kemtron specializes in EMI shielding and grounding solutions. The company’s electrically conductive greases are used to create environmental seals that also provide reliable electrical grounding and electromagnetic interference protection for electronic enclosures and connectors.

Innovation & Application Focus:

• Expertise in EMI/RFI shielding technologies

• Greases filled with silver, nickel, or graphite for specific conductivity needs

• Critical applications in aerospace, defense, and telecommunications infrastructure

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2️⃣ 9. Novagard Solutions

Headquarters: Cleveland, Ohio, USA
Key Offering: Silicone Greases, Dielectric Compounds, Sealants

Novagard is a custom formulator and manufacturer of silicone-based products. The company produces a variety of dielectric greases and thermally conductive pastes used to protect electrical connections from moisture and corrosion while managing heat in electronic assemblies.

Innovation & Application Focus:

• Custom blending services for tailored performance characteristics

• Focus on automotive, lighting (LED), and appliance industries

• Commitment to developing environmentally friendly formulations

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1️⃣ 10. KCC Basildon Chemicals

Headquarters: Basildon, United Kingdom
Key Offering: Silicone Greases, Thermal Interface Materials

KCC Basildon Chemicals, part of the KCC Corporation, is a specialist in silicone elastomers and related products. The company supplies high-performance silicone greases used for lubrication, sealing, and thermal management in demanding electronic and electrical applications.

Innovation & Application Focus:

• High-purity greases for sensitive electronic components

• Strong presence in the European market with global export operations

• Applications ranging from domestic electronics to industrial control systems

Get Full Report Here:
Grease for Electronics Market – View in Detailed Research Report

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🔌 Outlook: The Future of Electronics Grease Is Smarter and More Specialized

The grease for electronics market is evolving rapidly, moving beyond basic lubrication to become a critical enabler of performance and reliability in next-generation technology. As devices become more powerful and miniaturized, the demand for greases with higher thermal conductivity, improved dielectric strength, and enhanced environmental resistance will intensify.

📈 Key Trends Shaping the Market:

• Electric Vehicle Revolution: Exploding demand for thermal management materials in EV battery packs, power inverters, and charging systems.

• 5G and IoT Proliferation: Need for reliable greases in base station electronics, smartphones, and billions of connected IoT sensors.

• Advanced Material Development: R&D into nano-filled greases and phase-change materials for superior heat dissipation.

• Sustainability Imperative: Growing focus on bio-based, non-toxic, and longer-lasting formulations to reduce environmental impact.

Get Full Report Here:
Grease for Electronics Market – View in Detailed Research Report

The companies profiled above are not merely suppliers; they are essential innovation partners, developing the advanced materials that power and protect the electronic heartbeat of the modern world.