The Global High Performance Thermal Paste Market was valued at USD 1.51 Billion in 2024 and is projected to reach USD 2.42 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period (2024–2030). This robust growth is being fueled by the relentless miniaturization of electronics, soaring power densities in computing hardware, and the accelerating adoption of Advanced Thermal Interface Materials (TIMs) across consumer electronics, automotive, and data center sectors.

As electronic devices become more powerful and compact, the critical role of thermal management in ensuring reliability and performance has come to the forefront. In this blog, we profile the Top 10 Companies in the High Performance Thermal Paste Industry—a diverse mix of chemical giants, material science innovators, and specialty manufacturers shaping the future of heat dissipation.

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🔟 1. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: Bergquist Gap Filler TIMs, Loctite Thermal Paste Solutions

Henkel is a global leader in adhesive technologies, with a formidable portfolio of high-performance thermal interface materials under its Bergquist and Loctite brands. The company provides advanced thermal pastes engineered for extreme thermal conductivity and long-term stability in demanding applications from automotive power electronics to high-performance computing.

Innovation Initiatives:

• Development of phase-change materials and graphite-based solutions

• Focus on sustainability with low-VOC and halogen-free formulations

• Strong R&D investment in next-generation thermal management for 5G and AI hardware

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High Performance Thermal Paste Market – View in Detailed Research Report

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9️⃣ 2. Parker Hannifin Corporation

Headquarters: Cleveland, Ohio, USA
Key Offering: CHO-THERM Thermally Conductive Insulators, Ecosil Silicone Pads

Parker Hannifin’s Chomerics division is a premier provider of EMI shielding and thermal management materials. Their high-performance thermal pastes are critical components in aerospace, defense, and telecommunications infrastructure, offering exceptional thermal conductivity and electrical insulation properties.

Innovation Initiatives:

• Expansion of product portfolio for electric vehicle power electronics

• Custom formulation capabilities for defense and aerospace applications

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8️⃣ 3. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Silicon-based Thermal Compounds, X-23-7762 Thermal Paste

Shin-Etsu Chemical is a world-leading silicone manufacturer with a strong presence in the thermal paste market. The company’s products are renowned for their high thermal conductivity, non-silicone oil separation, and excellent performance stability across wide temperature ranges, making them ideal for CPU and GPU applications.

Innovation Initiatives:

• Continuous improvement of thermal conductivity exceeding 12 W/m·K

• Development of low-bleed formulations for sensitive electronics

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7️⃣ 4. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: DuPont TC Thermal Pastes, Bergquist-branded TIMs (post-acquisition)

Following strategic acquisitions, DuPont has strengthened its position in the electronic materials sector. The company offers comprehensive thermal management solutions that address heat dissipation challenges in 5G infrastructure, electric vehicles, and high-performance computing systems with reliable, high-conductivity pastes.

Innovation Initiatives:

• Integration of Bergquist thermal management solutions

• R&D focus on materials for next-generation power semiconductors

Download FREE Sample Report:
High Performance Thermal Paste 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 Interface Materials, Specialty Silicones

Momentive is a global leader in silicone and advanced materials, producing high-performance thermal pastes that deliver superior thermal conductivity and reliability. Their products serve demanding applications in automotive electronics, LED lighting, and industrial power conversion systems.

Innovation Initiatives:

• Development of thermally conductive gap fillers and pastes

• Focus on automotive-grade materials for electric vehicle battery thermal management

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5️⃣ 6. Laird Performance Materials

Headquarters: London, United Kingdom
Key Offering: Tflex Thermal Pads, Tputty Thermal Compounds, High-Conductivity Pastes

Laird Performance Materials, now part of DuPont, has long been recognized for its innovative thermal management solutions. The company’s thermal pastes are engineered to maximize heat transfer in compact electronic assemblies, with formulations specifically designed for high-volume manufacturing processes.

Innovation Initiatives:

• Advanced filler technology for enhanced thermal performance

• Products optimized for automated dispensing systems

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4️⃣ 7. Wacker Chemie AG

Headquarters: Munich, Germany
Key Offering: SEMICOSIL Thermal Conductive Pastes, Silicone Elastomers

Wacker is a leading global chemical company with a strong portfolio of silicone-based thermal interface materials. Their high-performance thermal pastes are particularly valued in the power electronics and automotive sectors for their excellent thermal conductivity and electrical insulation properties.

Innovation Initiatives:

• Development of thermally conductive adhesives and sealants

• Expansion of product lines for EV power module applications

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3️⃣ 8. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: 3M Thermally Conductive Adhesives, Gap Filler Pads, Thermal Pastes

3M’s diverse material science expertise extends to advanced thermal management solutions. The company offers a range of thermal pastes and interface materials that provide reliable heat dissipation for electronics in harsh environments, including aerospace, automotive, and industrial applications.

Innovation Initiatives:

• Nanotechnology applications for enhanced thermal conductivity

• Sustainable material development with reduced environmental impact

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2️⃣ 9. Fujipoly America Corporation

Headquarters: Carteret, New Jersey, USA
Key Offering: Sarcon Thermal Pads, High-Performance Thermal Compounds

Fujipoly specializes in high-performance rubber and polymer products, including some of the industry’s highest conductivity thermal interface materials. Their thermal pastes are particularly noted for applications requiring extreme thermal performance in limited spaces, such as servers and telecommunications equipment.

Innovation Initiatives:

• Development of ultra-high thermal conductivity materials (>15 W/m·K)

• Custom formulation services for specialized applications

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1️⃣ 10. Arctic Silver, Inc.

Headquarters: Visalia, California, USA
Key Offering: Arctic Silver 5, Arctic MX-4, Ceramic-based Thermal Compounds

Arctic Silver has established itself as a leading brand in the consumer and enthusiast computing markets. Known for their high-purity, long-life thermal compounds, the company’s products are preferred by PC builders and overclockers worldwide for their exceptional thermal performance and reliability.

Innovation Initiatives:

• Continuous formulation improvements for higher thermal conductivity

• Development of non-conductive, non-capacitive pastes for sensitive applications

Get Full Report Here:
High Performance Thermal Paste Market – View in Detailed Research Report

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

The high performance thermal paste market is undergoing significant transformation. While traditional silicone-based pastes continue to dominate, the industry is increasingly focused on advanced material formulations, nanotechnology applications, and sustainable production methods to meet evolving thermal management demands.

📈 Key Trends Shaping the Market:

• Rising demand for thermal pastes with conductivity exceeding 10 W/m·K

• Growing adoption in electric vehicle power electronics and battery systems

• Development of phase-change materials and graphene-enhanced formulations

• Increasing requirements for lead-free and environmentally friendly compositions

Get Full Report Here:
High Performance Thermal Paste Market – View in Detailed Research Report

The companies profiled above are not merely supplying thermal pastes—they are enabling technological advancement by ensuring the thermal stability and reliability of next-generation electronics across every sector.