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. This robust growth is fueled by the escalating demand for efficient thermal management solutions in high-performance electronics, the rapid expansion of 5G infrastructure, the rise of electric vehicles, and the increasing power densities in computing hardware.
As electronic components become smaller, faster, and more powerful, effective heat dissipation is no longer optional—it is critical for reliability and performance. In this blog, we profile the Top 10 Companies in the Silicone Thermal Conductive Grease Industry—a blend of global chemical giants, specialized material scientists, and innovative formulators who are defining the standards for thermal interface materials worldwide.
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Global Silicone Thermal Conductive Grease Market – View in Detailed Research Report
🔟 1. Henkel AG & Co. KGaA
Headquarters: Düsseldorf, Germany
Key Offering: LOCTITE® and BERGQUIST® brand thermal greases
Henkel is a global leader in adhesive technologies and a dominant force in thermal management materials. Its acquisition of the BERGQUIST brand solidified its position, offering a comprehensive portfolio of high-performance thermal greases for automotive, consumer electronics, and industrial applications.
Innovation and R&D Focus:
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Development of gap-filling, high-thermal-conductivity greases exceeding 10 W/mK
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Focus on silicone-free and non-silicone alternatives for sensitive applications
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Strong emphasis on reliability testing for automotive-grade components
9️⃣ 2. Shin-Etsu Chemical Co., Ltd.
Headquarters: Tokyo, Japan
Key Offering: Shin-Etsu Silicone thermal greases (e.g., X-23-7762)
Shin-Etsu is one of the world’s largest silicone manufacturers, renowned for its high-purity and highly reliable thermal interface materials. Its greases are trusted by major semiconductor and electronics manufacturers for their exceptional stability and performance under demanding conditions.
Innovation and R&D Focus:
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Pioneering high-thermal-conductivity materials using advanced filler technology
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Specialization in low-bleed and non-pump-out formulations for long-term stability
8️⃣ 3. Parker Hannifin Corporation (Chomerics Division)
Headquarters: Cleveland, Ohio, USA
Key Offering: CHO-THERM® thermal interface greases and pads
Through its Chomerics division, Parker Hannifin provides engineered thermal management solutions for the aerospace, defense, and telecommunications sectors. Their products are known for meeting stringent performance and reliability standards.
Innovation and R&D Focus:
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Development of electrically insulating but thermally conductive greases
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Materials designed for extreme temperature cycling and harsh environments
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Global Silicone Thermal Conductive Grease Market – View in Detailed Research Report
7️⃣ 4. Dow Inc.
Headquarters: Midland, Michigan, USA
Key Offering: DOWSIL™ thermal interface gels and greases
Dow is a premier materials science company with a vast portfolio of silicone-based products. Its DOWSIL brand offers formulators and manufacturers a range of thermal greases known for their consistency, ease of application, and durability.
Innovation and R&D Focus:
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Innovation in single-component, thermally conductive gels
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Sustainability initiatives to reduce the environmental footprint of material production
6️⃣ 5. Wacker Chemie AG
Headquarters: Munich, Germany
Key Offering: SEMICOSIL® and ELASTOSIL® thermal greases
Wacker is a leading global chemical company with a strong focus on silicone chemistry. Its thermal conductive greases are widely used in power electronics, automotive control units, and LED lighting due to their excellent thermal stability and electrical insulation properties.
Innovation and R&D Focus:
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Advanced formulations for automotive battery management systems
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Greases with enhanced thermal conductivity for next-generation CPUs and GPUs
5️⃣ 6. Momentive Performance Materials Inc.
Headquarters: Waterford, New York, USA
Key Offering: Silplus® thermal interface materials
Momentive specializes in silicones and advanced materials, offering high-performance thermal greases that cater to demanding applications in the electronics and automotive industries. Their products are engineered for low thermal resistance and high reliability.
Innovation and R&D Focus:
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Development of fast-curing thermal greases for high-volume manufacturing
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Focus on materials that withstand thermal cycling without degradation
4️⃣ 7. Fujipoly
Headquarters: Saitama, Japan
Key Offering: Sarcon® and Zebra® thermal greases
Fujipoly is a renowned specialist in high-performance elastomers and thermal interface materials. The company is famous for its Sarcon series, which includes some of the highest thermal conductivity greases on the market, targeting servers, data centers, and high-power LEDs.
Innovation and R&D Focus:
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Leading the market with ultra-high thermal conductivity products (above 15 W/mK)
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Custom formulations for specific customer thermal and mechanical requirements
3️⃣ 8. MacDermid Alpha Electronics Solutions
Headquarters: Waterbury, Connecticut, USA
Key Offering: Alpha® branded thermal greases and compounds
MacDermid Alpha is a global provider of advanced electronic solutions, including a robust line of thermal interface materials. Their products are designed for semiconductor packaging, power devices, and consumer electronics, emphasizing performance and manufacturing compatibility.
Innovation and R&D Focus:
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Integration of thermal materials with assembly and packaging processes
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Development of non-silicone, high-reliability pastes for automotive electronics
Download FREE Sample Report:
Global Silicone Thermal Conductive Grease Market – View in Detailed Research Report
2️⃣ 9. Denka Company Limited
Headquarters: Tokyo, Japan
Key Offering: Denka Thermal Greases and high-thermal-conductivity fillers
Denka is a diversified chemical company with significant expertise in creating functional materials. It not only produces finished thermal greases but is also a key supplier of boron nitride, a critical high-performance filler used to enhance thermal conductivity in TIMs.
Innovation and R&D Focus:
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Vertical integration from raw material (boron nitride) to finished thermal compound
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Research into novel filler shapes and surface treatments to maximize heat transfer
1️⃣ 10. Laird Performance Materials (Aavid Thermal Division of Boyd Corporation)
Headquarters: Saint Louis, Missouri, USA
Key Offering: Tgrease™ and other thermal interface materials
As part of the Boyd Corporation, a global leader in thermal management, Laird Performance Materials offers a wide array of thermal solutions. Their expertise lies in providing complete thermal systems, with greases that are optimized to work seamlessly with heat sinks and other cooling components.
Innovation and R&D Focus:
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Systems-level approach to thermal management
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Development of phase change materials and gap fillers alongside traditional greases
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Global Silicone Thermal Conductive Grease Market – View in Detailed Research Report
🌡️ Outlook: The Future of Thermal Management Is Smarter and More Efficient
The silicone thermal conductive grease market is undergoing a significant evolution. While traditional silicone-oil-based greases remain the workhorse of the industry, the focus is shifting towards higher performance, greater reliability, and application-specific solutions.
📈 Key Trends Shaping the Market:
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Rise of High-Power Electronics: Demand for greases with thermal conductivity above 5 W/mK is accelerating due to GPUs, AI processors, and electric vehicle power electronics.
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Automotive Electrification: The EV revolution is creating massive demand for reliable thermal interface materials in battery packs, inverters, and onboard chargers.
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Material Innovation: Development of non-silicone, metal-based, and carbon-based thermal pastes for niche, high-performance applications.
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Automation and Dispensing: Increased focus on greases with specific rheological properties suited for automated, high-volume manufacturing processes.
Get Full Report Here:
Global Silicone Thermal Conductive Grease Market – View in Detailed Research Report
The companies listed above are not just supplying a commodity; they are enabling the next generation of technological innovation by ensuring that our most advanced electronics remain cool, efficient, and reliable.
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