The Global Silicone Thermal Conductive Grease Market was valued at USD 160.34 million in 2023 and is projected to reach USD 253.03 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.90% during the forecast period (2024–2029). This robust growth is primarily driven by the increasing power density of electronic components, the rapid expansion of the consumer electronics and automotive sectors, and the critical need for effective thermal management in high-performance computing, data centers, and LED lighting applications.

As electronic devices become more compact and powerful, the role of efficient heat dissipation materials like silicone thermal grease becomes indispensable. These materials, also known as thermal interface materials (TIMs), are essential for maximizing heat transfer from heat-generating components to heat sinks. In this blog, we profile the Top 10 Companies in the Silicone Thermal Conductive Grease Industry—a group of established chemical giants and specialized material innovators that are crucial to the performance and reliability of modern technology.

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🔟 1. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: LOCTITE® and Bergquist brand thermal interface materials, including high-performance silicone greases.

Henkel is a global leader in adhesive technologies and a major force in the thermal management market. Through its acquisition of the Bergquist Company, it offers a comprehensive portfolio of TIMs, including a wide range of silicone-based thermal greases known for their reliability and performance in demanding applications from automotive electronics to telecommunications infrastructure.

Innovation and Market Focus:

• Development of high-thermal-conductivity greases (above 5 W/mK) for 5G and EV power electronics

• Strong focus on material sustainability and low-volatility formulations

• Global supply chain supporting major OEMs across multiple industries

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

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9️⃣ 2. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Shin-Etsu Silicone thermal greases, including the widely used X-series compounds.

Shin-Etsu is one of the world’s largest silicone manufacturers, with a formidable reputation for high-purity materials. Its thermal conductive greases are renowned for their excellent thermal stability, low thermal resistance, and long-term reliability, making them a preferred choice in the consumer electronics and automotive sectors.

Innovation and Market Focus:

• Pioneering high-consistency, non-pump-out grease formulations

• Extensive R&D in filler technology to enhance thermal conductivity

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8️⃣ 3. Parker Hannifin Corporation (Chomerics Division)

Headquarters: Cleveland, Ohio, USA
Key Offering: THERM-A-GAP™ thermally conductive greases and gap fillers.

Parker Hannifin’s Chomerics division specializes in electromagnetic shielding and thermal management materials. Their silicone grease products are engineered for high-performance applications where effective heat dissipation is critical, such as in aerospace, defense, and industrial power electronics.

Innovation and Market Focus:

• Solutions for extreme environments and high-reliability applications

• Integration with other thermal management components for system-level solutions

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7️⃣ 4. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: DOWSIL™ thermally conductive compounds and greases.

Dow is a global materials science leader with a vast silicone product portfolio under the DOWSIL brand. Their thermal interface materials are designed to address heat management challenges in electric vehicles, renewable energy systems, and advanced computing, balancing performance with processability.

Innovation and Market Focus:

• Focus on next-generation mobility and sustainable energy solutions

• Development of thermally conductive but electrically insulating formulations

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

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6️⃣ 5. Momentive Performance Materials Inc.

Headquarters: Waterford, New York, USA
Key Offering: Silicone-based thermal gels and greases under various product lines.

Momentive is a key global producer of silicones and advanced materials. The company offers a range of thermal conductive greases that provide effective heat transfer while maintaining flexibility and stability over a wide temperature range, catering to the automotive, LED, and power conversion markets.

Innovation and Market Focus:

• Customizable viscosity and thermal performance for specific application needs

• Strong presence in the fast-growing Asia-Pacific electronics market

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5️⃣ 6. Wacker Chemie AG

Headquarters: Munich, Germany
Key Offering: SEMICOSIL® and other silicone-based thermal greases.

Wacker is a leading chemical company with a strong focus on silicone chemistry. Its thermally conductive silicone products are designed for high-power semiconductors, modules, and other electronic assemblies, emphasizing long-term durability and consistent performance under thermal cycling.

Innovation and Market Focus:

• High-purity grades suitable for sensitive semiconductor manufacturing

• Application-specific formulations for automotive and industrial electronics

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4️⃣ 7. Laird Performance Materials (DuPont)

Headquarters: Morrisville, North Carolina, USA (Part of DuPont)
Key Offering: Tputty™, Tgrease™, and other thermal interface materials.

Following its acquisition by DuPont, Laird Performance Materials is a powerhouse in the thermal management space. The company’s silicone thermal greases are trusted for their high thermal conductivity and reliability in applications ranging from smartphones to cloud computing infrastructure.

Innovation and Market Focus:

• R&D focused on meeting the thermal challenges of AI processors and high-performance computing

• Global technical support and application engineering services

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3️⃣ 8. Fujipoly

Headquarters: Saddle Brook, New Jersey, USA
Key Offering: Sarcon® and other high-performance thermal interface materials.

Fujipoly specializes in precision polymer products, with a strong emphasis on thermal management solutions. The company is known for its ultra-high-performance thermal greases, often exceeding 5 W/mK thermal conductivity, which are critical for cooling high-flux density devices in servers and graphics processing units (GPUs).

Innovation and Market Focus:

• Leading provider of ultra-high-thermal-conductivity materials (above 10 W/mK in some grades)

• Strong focus on the data center and telecommunications markets

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2️⃣ 9. CHT Group

Headquarters: Tübingen, Germany
Key Offering: Specialty silicones, including thermally conductive compounds.

The CHT Group is a global specialty chemicals company with significant expertise in silicone chemistry. It offers tailored thermal grease solutions that serve niche applications in the electronics industry, providing effective heat dissipation for components in appliances, power tools, and lighting systems.

Innovation and Market Focus:

• Development of environmentally friendly and easy-to-process formulations

• Customization capabilities for specific customer thermal and mechanical requirements

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1️⃣ 10. MacDermid Alpha Electronics Solutions

Headquarters: Waterbury, Connecticut, USA
Key Offering: ALPHA® thermally conductive materials and greases.

MacDermid Alpha is a prominent provider of advanced chemical solutions for the electronics industry. Its product line includes high-performance silicone thermal greases designed for demanding applications, ensuring optimal thermal transfer in power semiconductors, LED assemblies, and automotive control units.

Innovation and Market Focus:

• Expertise in materials for advanced packaging and power electronics

• Strong technical partnership with leading semiconductor manufacturers

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

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🌍 Outlook: The Future of Thermal Management is Smarter and More Demanding

The silicone thermal conductive grease market is evolving to meet the increasingly stringent thermal requirements of modern electronics. While traditional formulations remain vital, the industry is pushing the boundaries of thermal conductivity, reliability, and sustainability to support next-generation technologies.

📈 Key Trends Shaping the Market:

• Rising demand for greases with thermal conductivity above 5 W/mK for high-power applications like EVs and data centers.

• Increased focus on material longevity and resistance to “pump-out” and dry-out under thermal cycling.

• Development of formulations compatible with automated dispensing systems for high-volume manufacturing.

• Growing regulatory pressure driving the adoption of halogen-free and environmentally sustainable materials.

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

The companies listed above are not only supplying essential materials—they are enabling the technological advancement and reliability of the electronic devices that power our modern world.