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 (2023–2029). This growth is being driven by increasing thermal management demands in electronics, automotive electrification trends, and the accelerating adoption of High-Performance Thermal Interface Materials (TIMs) solutions across industrial and consumer electronics sectors.
As the electronics industry transforms toward higher-performance components and energy-efficient systems, the spotlight is on the key thermal material suppliers who are driving innovation, reliability, and advanced cooling pathways. In this blog, we profile the Top 10 Companies in the Silicone Thermal Conductive Grease Industry—a mix of chemical giants, specialty material producers, and thermal management pioneers shaping the future of global electronics cooling solutions.
🔟 1. Dow Inc.
Headquarters: Midland, Michigan, USA
Key Offering: DOWSIL™ TC Thermal Conductive Greases
Dow is a global leader in silicone-based thermal conductive materials, offering a comprehensive portfolio of greases with thermal conductivities ranging from 1.5 W/mK to 5.0 W/mK. Their electronics materials division serves automotive, telecommunications, and consumer electronics sectors, with advanced formulations for high-power applications and demanding operating environments.
Innovation Initiatives:
- Advanced silica and ceramic filler technologies
- High-reliability solutions for automotive power electronics
- Development of low-bleed and non-silicone alternatives
Download FREE Sample Report: Global Silicone Thermal Conductive Grease Market – View in Detailed Research Report
9️⃣ 2. Shin-Etsu Chemical Co., Ltd.
Headquarters: Tokyo, Japan
Key Offering: High-performance silicone grease, X-23-7762 series
Shin-Etsu Chemical is a Japanese specialty chemical company renowned for its high-purity silicone thermal compounds. The company’s materials exhibit exceptional thermal stability, low thermal resistance, and superior dielectric properties for critical electronic applications.
Innovation Initiatives:
- Ultra-high thermal conductivity formulations (up to 12 W/mK)
- Customized solutions for semiconductor manufacturers
8️⃣ 3. Momentive Performance Materials Inc.
Headquarters: Waterford, New York, USA
Key Offering: Silicone thermal greases, gap fillers, phase change materials
Momentive offers a diverse range of thermal management solutions, including silicone-based greases with boron nitride and aluminum oxide fillers for enhanced performance.
Innovation Initiatives:
- Development of thermally conductive but electrically insulating formulations
- Specialized products for LED lighting and power conversion systems
7️⃣ 4. Henkel AG & Co. KGaA
Headquarters: Düsseldorf, Germany
Key Offering: BERGQUIST® thermal conductive greases and gap fillers
Henkel’s electronics business provides advanced thermal interface materials under the BERGQUIST brand, serving computing, automotive, and industrial automation markets globally.
Innovation Initiatives:
- High-performance thermal grease for CPU/GPU applications
- Automotive-grade solutions for electric vehicle power modules
Download FREE Sample Report: Global Silicone Thermal Conductive Grease Market – View in Detailed Research Report
6️⃣ 5. Wacker Chemie AG
Headquarters: Munich, Germany
Key Offering: SEMICOSIL® thermal conductive grease series
Wacker Chemie is a leading global supplier of silicone-based thermal interface materials with strong presence in European and Asian electronics manufacturing ecosystems.
Innovation Initiatives:
- Silicone grease with thermal conductivities from 1.0 to 4.0 W/mK, designed for applications requiring long-term thermal stability and minimal pump-out under thermal cycling.
Innovation Initiatives:
- Long-term reliability testing programs
- Customized viscosity and application-specific formulations
5️⃣ 6. Parker Hannifin Corporation
Headquarters: Cleveland, Ohio, USA
Key Offering: CHOMERICS® thermally conductive greases and compoundsParker Hannifin’s Chomerics division provides comprehensive thermal management solutions for defense, aerospace, and telecommunications infrastructure.
Innovation Initiatives:
- Thermal grease solutions for harsh environment applications
- Thermal interface materials for 5G infrastructure and power electronics
Innovation Initiatives:
- Advanced thermal impedance testing capabilities
- Global technical support network for OEM customers
4️⃣ 7. Fujipoly
Headquarters: Carteret, New Jersey, USA
Key Offering: Sarcon® thermal conductive greases and gap padsFujipoly specializes in high-performance thermal interface materials, particularly known for its Sarcon® XR series with thermal conductivities up to 7 W/mK.
Innovation Initiatives:
- Development of non-silicone thermal greases
- Custom formulations for specific thermal and mechanical requirements
3️⃣ 8. MacDermid Alpha Electronics Solutions
Headquarters: Waterbury, Connecticut, USA
Key Offering: Alpha® thermal interface materials and greasesMacDermid Alpha provides specialized thermal management solutions for the electronics industry, including advanced silicone greases for high-power density applications.
Innovation Initiatives:
- High-reliability thermal grease for automotive electronics
- Thermal interface materials for power semiconductor modules and IGBT cooling systems.
Innovation Initiatives:
- Formulations addressing pump-out and dry-out challenges
- Materials qualified for aerospace and military applications
2️⃣ 9. CHT Group
Headquarters: Tübingen, Germany
Key Offering: Specialty silicone compounds and thermal greasesCHT Group offers a comprehensive range of silicone thermal conductive greases with various filler technologies to optimize thermal performance.
Innovation Initiatives:
- Water-based and solvent-free thermal conductive compounds
- Eco-friendly formulations with reduced environmental impact
1️⃣ 10. Denka Company Limited
Headquarters: Tokyo, Japan
Key Offering: Thermalsil™ silicone thermal conductive greasesDenka Company develops and manufactures thermal conductive silicone materials with a focus on high-thermal-conductivity boron nitride filled formulations for demanding electronics cooling applications.
Innovation Initiatives:
- Advanced boron nitride filler technology for thermal conductivity enhancement
- Custom formulations for specific electronic packaging requirements
Get Full Report Here: Global Silicone Thermal Conductive Grease Market – View in Detailed Research Report
🌍 Outlook: The Future of Thermal Conductive Grease Is Smarter and More Efficient
The silicone thermal conductive grease market is undergoing a fundamental transformation. While traditional silicone greases still dominate in volume, the industry is investing significantly in high-performance alternatives, advanced filler technologies, and automated application systems.
📈 Key Trends Shaping the Market:
- Rapid miniaturization of electronic components driving higher thermal density requirements
- Growing demand for thermal solutions in electric vehicle power electronics and battery thermal management systems
- Development of non-silicone thermal greases to address compatibility issues in sensitive applications
- Increasing automation in thermal grease application processes for high-volume manufacturing
Get Full Report Here: Global Silicone Thermal Conductive Grease Market – View in Detailed Research Report
The companies listed above are not only cooling global electronics—they’re spearheading the thermal management evolution of modern electronic systems.
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