The Global Thermal Compound & Grease Market was valued at USD 1.84 Billion in 2024 and is projected to reach USD 2.65 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2024–2030). This robust growth is fueled by the escalating power density of semiconductors in consumer electronics, data centers, and electric vehicles, alongside the critical need to prevent overheating and ensure device longevity.

As electronic components shrink in size while increasing in performance, efficient heat dissipation becomes a paramount design challenge. This has elevated the role of thermal interface materials (TIMs) from a niche component to a critical enabling technology. In this blog, we profile the Top 10 Companies in the Thermal Compound & Grease Industry—specialized material innovators and established chemical giants shaping the thermal management landscape.

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🔟 1. Arctic Silver

Headquarters: Visalia, California, USA
Key Offering: Arctic Silver 5, Arctic MX-4, Ceramique 2

Arctic Silver is a legendary name in the enthusiast PC cooling market, renowned for its high-performance thermal compounds. Its formulations, often featuring a blend of micronized silver and ceramic particles, are engineered for maximum thermal conductivity and long-term stability, making them a top choice for overclockers and high-performance computing applications.

Innovation & Market Focus:

• Patented particle alignment technology for optimal heat transfer

• Strong presence in the DIY PC building and gaming communities

• Continuous R&D focused on non-electrically conductive, high-performance pastes

Download FREE Sample Report:
Thermal Compound & Grease Market – View in Detailed Research Report

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9️⃣ 2. ARCTIC COOLING

Headquarters: Zug, Switzerland
Key Offering: MX-6, MX-5, Silver 5 thermal compounds

ARCTIC COOLING offers a comprehensive portfolio of thermal management solutions, including some of the world’s best-selling thermal pastes. The MX series is particularly popular for its excellent performance, ease of application, and non-conductive properties, making it safe for novice and expert users.

Innovation & Market Focus:

• Focus on user-friendly, non-conductive, and non-capacitive formulations

• Vertically integrated manufacturing ensuring consistent quality and cost-efficiency

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8️⃣ 3. Grizzly

Headquarters: Bruchsal, Germany
Key Offering: Thermal Grizzly Kryonaut, Conductonaut

Thermal Grizzly is synonymous with extreme performance. Its flagship Kryonaut paste is designed for high-temperature applications and is a favorite among extreme overclockers. The company also produces Conductonaut, a liquid metal thermal compound offering the highest thermal conductivity available commercially.

Innovation & Market Focus:

• Leading provider of liquid metal TIMs for maximum heat dissipation

• Products engineered to withstand thermal cycling and pump-out effects

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7️⃣ 4. Noctua

Headquarters: Vienna, Austria
Key Offering: NT-H1, NT-H2 thermal compounds

Primarily known for its premium CPU coolers, Noctua developed its own high-end thermal compounds to ensure optimal system performance. NT-H1 and the newer NT-H2 are renowned for their excellent reliability, ease of use, and consistent performance over long periods, reflecting the company’s commitment toquality.

Innovation & Market Focus:

• Focus on long-term stability and non-curing, non-bleeding properties

• Extensive in-house testing and compatibility validation with cooling hardware

Download FREE Sample Report:
Thermal Compound & Grease Market – View in Detailed Research Report

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6️⃣ 5. GELID Solutions Ltd.

Headquarters: Hong Kong
Key Offering: GC-Extreme, GC-4, GC-2 thermal compounds

GELID Solutions is a global provider of thermal solutions, including high-performance pastes like GC-Extreme. The company focuses on creating thermally conductive materials that are easy to apply and provide outstanding heat transfer for CPUs, GPUs, and other high-heat components.

Innovation & Market Focus:

• Development of pastes with high viscosity to prevent pump-out under thermal cycling

• Strong distribution network across Europe, North America, and Asia

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5️⃣ 6. Cooler Master

Headquarters: New Taipei City, Taiwan
Key Offering: MasterGel Maker, MasterGel Pro, MasterGel Regular

As a leading manufacturer of PC components and cooling systems, Cooler Master offers its own line of thermal compounds to complement its products. The MasterGel series provides a range of options from entry-level to high-performance nano-diamond based gels.

Innovation & Market Focus:

• Integration of thermal compounds into a broader ecosystem of cooling products

• Focus on value-oriented performance for a wide range of consumers

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4️⃣ 7. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: Loctite THERMAL INTERFACE MATERIALS, Bergquist Gap Pads

Henkel is a global industrial giant whose Loctite brand is a major player in high-performance thermal interface materials for the automotive, telecom, and consumer electronics industries. Its solutions are engineered for mass production and high-reliability applications.

Innovation & Market Focus:

• Leading provider of TIMs for electric vehicle power electronics and battery systems

• Strong R&D focus on thermally conductive adhesives and gap fillers

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3️⃣ 8. Parker Hannifin Corporation (Chomerics Division)

Headquarters: Cleveland, Ohio, USA
Key Offering: THERM-A-GAP grease, CHO-THERM thermally conductive insulators

Parker Hannifin’s Chomerics division is a leading expert in EMI shielding and thermal management materials. Its thermal greases and gap pads are critical for managing heat in aerospace, defense, and high-performance computing applications where reliability is non-negotiable.

Innovation & Market Focus:

• Specialization in high-reliability TIMs for harsh environments

• Materials designed to meet stringent military and aerospace specifications

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2️⃣ 9. Laird Performance Materials

Headquarters: Chesterfield, Missouri, USA
Key Offering: Tflex™ thermal gap fillers, Tgrease™ thermal interface materials

Laird Performance Materials offers a comprehensive suite of thermal management solutions, including high-performance thermal greases. Its products are designed for applications in telecommunications infrastructure, automotive electronics, and industrial power systems.

Innovation & Market Focus:

• Development of silicone-based and non-silicone thermal greases

• Focus on solutions that reduce thermal resistance in compact electronic assemblies

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1️⃣ 10. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: 3M™ Thermal Interface Materials, 3M™ Thermally Conductive Adhesives

3M is a diversified technology company with a significant presence in the thermal management space. Its extensive portfolio includes a wide range of thermal greases, pads, and adhesives used across virtually every electronics sector, from mobile devices to electric vehicle batteries.

Innovation & Market Focus:

• Pioneering research in boron nitride and other advanced filler technologies

• Global scale and application engineering support for major OEMs

Read Full Report:
Thermal Compound & Grease Market – View in Detailed Research Report

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🌡️ Outlook: The Future of Thermal Management is Smarter and More Efficient

The thermal compound and grease market is evolving rapidly. While traditional silicone-based pastes dominate, the industry is innovating with advanced filler materials, application-specific formulations, and integration with automated manufacturing processes.

📈 Key Trends Shaping the Market:

• Growing demand for high-thermal-conductivity pastes (>10 W/mK) for GPUs and high-performance computing

• Rising adoption of phase change materials and thermal pads for simplified assembly in consumer electronics

• Increased focus on electrically insulating but thermally conductive materials for power electronics

• Expansion into electric vehicle and 5G infrastructure markets, driving requirements for higher reliability and performance

Read Full Report:
Thermal Compound & Grease Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials—they’re enabling the next generation of compact, powerful, and reliable electronic devices that define our modern world.