The Global Thermal Grease Market was valued at USD 780.2 Million in 2024 and is projected to reach USD 1.12 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2024–2030). This robust growth is primarily fueled by the escalating demand for high-performance computing, the proliferation of 5G infrastructure, and the miniaturization of electronic devices, which necessitates advanced thermal management solutions to ensure optimal performance and longevity.

As the electronics sector continues its rapid evolution toward higher power densities and compact designs, the role of effective heat dissipation becomes increasingly critical. In this blog, we profile the Top 10 Companies in the Thermal Grease Industry—a group of specialized material scientists, established chemical giants, and innovative formulators who are defining the standards for thermal interface materials worldwide.

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Global and United States Thermal Grease Market – View in Detailed Research Report

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🔟 1. Arctic Silver

Headquarters: Visalia, California, USA
Key Offering: High-performance thermal compounds (e.g., Arctic Silver 5, MX-4)

Arctic Silver is a renowned specialist in high-density thermal compounds, particularly famous within the PC enthusiast and overclocking communities. Their formulations are engineered for maximum heat transfer efficiency and long-term stability, making them a preferred choice for demanding applications.

Innovation Initiatives:

• Patented ceramic and silver particle technology

• Focus on non-electrically conductive, non-capacitive formulas

• Continuous R&D for lower thermal resistance and easier application

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9️⃣ 2. Thermal Grizzly

Headquarters: Berlin, Germany
Key Offering: High-end thermal pastes (e.g., Kryonaut, Conductonaut)

Thermal Grizzly has established itself as a leader in the premium thermal interface material segment, with products designed for extreme cooling scenarios, including liquid nitrogen overclocking. Their offerings are recognized for exceptionally high thermal conductivity and performance under stress.

Innovation Initiatives:

• Development of extreme-temperature stable pastes

• Specialized formulations for direct-die cooling applications

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8️⃣ 3. Thermaltake

Headquarters: Taipei, Taiwan
Key Offering: Thermaltake TG thermal greases, cooling solutions

Thermaltake is a major global provider of PC cooling solutions, with a comprehensive product portfolio that includes a range of reliable thermal greases. Their products are widely used by system integrators and DIY builders, offering a balance of performance, ease of use, and value.

Innovation Initiatives:

• Integration of thermal grease offerings with broader cooling ecosystems

• Focus on user-friendly application methods for broader market appeal

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7️⃣ 4. 3M

Headquarters: Saint Paul, Minnesota, USA
Key Offering: 3M™ Thermally Conductive Greases, Gap Fillers

3M is a global science-based company offering a vast array of thermal management materials, including high-performance thermal greases for industrial, automotive, and electronics applications. Their solutions are backed by extensive material science expertise and global supply chain capabilities.

Innovation Initiatives:

• Development of fiber-reinforced and phase-change greases

• R&D focused on automotive electrification and high-power electronics

Download FREE Sample Report:
Global and United States Thermal Grease Market – View in Detailed Research Report

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6️⃣ 5. Parker Chomerics

Headquarters: Woburn, Massachusetts, USA
Key Offering: CHO-THERM® thermal interface materials, greases

Parker Chomerics, a division of Parker Hannifin, is a leading designer and manufacturer of thermally conductive materials and EMI shielding solutions. Their thermal greases are engineered for rigorous industrial and military applications where reliability is paramount.

Innovation Initiatives:

• Expertise in thermally conductive but electrically insulating formulations

• Materials compliant with stringent aerospace and defense standards

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5️⃣ 6. Laird Performance Materials

Headquarters: Earth City, Missouri, USA
Key Offering: Tputty™, Tgrease™ thermal interface materials

Laird Performance Materials provides high-performance thermal management and electromagnetic interference protection solutions. Their thermal grease products are used extensively in telecommunications, computing, and automotive electronics for effective heat dissipation.

Innovation Initiatives:

• Development of low-bleed, high-stability thermal compounds

• Solutions tailored for 5G infrastructure and advanced driver-assistance systems (ADAS)

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4️⃣ 7. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: Bergquist® brand thermal greases, gap fillers

Through its acquisition of Bergquist, Henkel has become a dominant force in thermal management materials. The company offers a wide range of thermal greases under the Bergquist brand, renowned for reliability in demanding industrial environments.

Innovation Initiatives:

• Investment in silicone-based and silicone-free thermal compound technologies

• Focus on automation-friendly dispensing properties for high-volume manufacturing

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3️⃣ 8. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Silicone-based thermal greases, X-23-7783D series

Shin-Etsu Chemical is a leading global chemical company with a strong presence in silicone products, including high-purity thermal greases. Their materials are widely used by major electronics manufacturers for their consistent quality and performance.

Innovation Initiatives:

• Pioneering high-thermal-conductivity silicone formulations

• Development of low-volatile, long-life greases for automotive electronics

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

Headquarters: Midland, Michigan, USA
Key Offering: Dow Corning® TC thermal conductive compounds

Dow, incorporating the legacy Dow Corning brand, is a premier supplier of silicone-based thermal interface materials. Their thermal greases are known for exceptional durability and performance across a wide temperature range, serving diverse industries from consumer electronics to renewable energy.

Innovation Initiatives:

• Advanced silicone chemistry for optimized thermal performance

• Materials supporting the growth of power electronics and EV charging infrastructure

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1️⃣ 10. Wakefield-Vette, Inc. (part of Advanced Thermal Solutions, Inc.)

Headquarters: Norwood, Massachusetts, USA
Key Offering: Delta™ Tants, high-performance thermal greases

Wakefield-Vette, a subsidiary of Advanced Thermal Solutions, Inc., specializes in thermal management solutions for the electronics industry. They offer a range of thermal interface materials, including greases known for their reliability in critical cooling applications.

Innovation Initiatives:

• Focus on thermal solutions for high-power LEDs and server cooling

• Development of thermally conductive but electrically insulating materials

Get Full Report Here:
Global and United States Thermal Grease Market – View in Detailed Research Report

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

The thermal grease market is experiencing a significant transformation driven by technological advancements and evolving application requirements. While traditional silicone-based greases continue to dominate volume sales, the industry is actively developing next-generation materials with higher thermal conductivity, improved reliability, and enhanced application properties.

📈 Key Trends Shaping the Market:

• Rising demand for high-temperature thermal greases in automotive and industrial applications

• Development of electrically insulating but thermally conductive formulations for sensitive electronics

• Shift toward silicone-free and non-silicone-based thermal compounds for specific manufacturing processes

• Increasing integration of thermal grease solutions with automated dispensing systems for high-volume production

Get Full Report Here:
Global and United States Thermal Grease Market – View in Detailed Research Report

The companies profiled are not merely suppliers of thermal compounds—they are enabling technological progress by ensuring that the next generation of electronics can operate reliably at peak performance.