The Global Grease-Based Thermal Interface Materials Market was valued at USD 712.8 Million in 2023 and is projected to reach USD 1.12 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024–2030). This robust growth is fueled by the escalating demand for high-performance electronics, the automotive industry’s transition to electric vehicles, and the continuous miniaturization of components requiring efficient heat dissipation.

As thermal management becomes a critical design parameter for everything from smartphones to data centers, the importance of effective Thermal Interface Materials (TIMs) is paramount. Grease-based TIMs, known for their excellent thermal conductivity and low thermal impedance, are at the forefront of this evolution. In this blog, we profile the Top 10 Companies in the Grease-Based Thermal Interface Materials Industry—specialty chemical manufacturers and material science innovators driving thermal performance and reliability across global markets.

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🔟 1. Indium Corporation

Headquarters: Clinton, New York, USA
Key Offering: Indium thermal greases, Gap Pad® TIMs, high-performance thermal interface materials

Indium Corporation is a globally recognized leader in materials science, specializing in solders, fluxes, and thermal interface materials. Their line of high-performance thermal greases is engineered for applications demanding superior thermal conductivity and long-term reliability in harsh environments.

Innovation Focus:

• Development of high-thermal-conductivity greases for power electronics and EVs

• Formulations with low bleed-out and pump-out characteristics

• Customizable solutions for specific customer thermal management challenges

Download FREE Sample Report:
Grease-Based Thermal Interface Materials Market – View in Detailed Research Report

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9️⃣ 2. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: LOCTITE® thermal greases, Bergquist gap fillers, thermally conductive adhesives

Henkel is a powerhouse in the TIMs market, offering a comprehensive portfolio under its LOCTITE and Bergquist brands. Their grease-based products are widely used in automotive electronics, consumer devices, and telecommunications infrastructure, providing reliable thermal pathways between heat sources and sinks.

Innovation Focus:

• Advanced silicone and non-silicone based grease formulations

• Products optimized for automated dispensing in high-volume manufacturing

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8️⃣ 3. Parker Hannifin Corporation

Headquarters: Cleveland, Ohio, USA
Key Offering: Chomerics thermal greases, THERM-A-GAP™ interface materials

Parker Hannifin’s Chomerics division is a leading provider of thermally conductive materials. Their grease-based TIMs are designed for applications requiring minimal thermal resistance and are used extensively in the aerospace, defense, and high-performance computing sectors.

Innovation Focus:

• Electrically insulating thermal greases for high-voltage applications

• Materials meeting stringent aerospace and military specifications (MIL-spec)

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7️⃣ 4. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: DOWSIL™ thermally conductive greases, silicone-based TIMs

Dow Inc. leverages its extensive expertise in silicone chemistry to produce high-performance DOWSIL thermal greases. These materials are valued for their stability, durability, and excellent thermal performance in demanding applications such as electric vehicle power modules and LED lighting.

Innovation Focus:

• Sustainability-driven R&D for next-generation TIMs

• Formulations that withstand extreme temperature cycling

Download FREE Sample Report:
Grease-Based Thermal Interface Materials Market – View in Detailed Research Report

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6️⃣ 5. Shin-Etsu Chemical Co. Ltd.

Headquarters: Tokyo, Japan
Key Offering: Shin-Etsu silicone thermal greases, X-23-7762 series, KER-2500 series

Shin-Etsu Chemical is a global leader in silicon-based products, including high-purity thermal interface greases. Their products are renowned for exceptional quality and reliability, serving major electronics OEMs in computing, consumer electronics, and industrial automation.

Innovation Focus:

• Ultra-high-purity materials for sensitive semiconductor applications

• Low-volatility formulations to prevent outgassing in sealed systems

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5️⃣ 6. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: 3M™ thermally conductive greases, electrically insulating compounds

3M’s diverse industrial portfolio includes a range of thermal management solutions. Their grease-based TIMs are formulated to provide reliable thermal performance across a wide temperature range, making them suitable for automotive, electronics, and energy applications.

Innovation Focus:

• Integration of novel filler materials to enhance thermal conductivity

• Focus on ease of application and manufacturability

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4️⃣ 7. Laird Performance Materials

Headquarters: Saint Louis, Missouri, USA
Key Offering: Tgrease™ thermal interface materials, Tpli™ gap fillers

Laird Performance Materials specializes in electromagnetic shielding and thermal management solutions. Their Tgrease product line offers high-performance options for applications where maximizing heat transfer from high-power components is critical.

Innovation Focus:

• Tailored solutions for 5G infrastructure and advanced driver-assistance systems (ADAS)

• Materials with enhanced stability for long-lifecycle products

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3️⃣ 8. Momentive Performance Materials Inc.

Headquarters: Waterford, New York, USA
Key Offering: Silicone thermal greases, specialty organofunctional silicones

Momentive offers a broad range of silicone-based products, including high-performance thermal greases. Their materials are designed to meet the demanding thermal management needs of the telecommunications, automotive, and renewable energy sectors.

Innovation Focus:

• Development of thermally conductive but electrically insulating greases

• Custom formulations for specific industry requirements

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2️⃣ 9. Master Bond Inc.

Headquarters: Hackensack, New Jersey, USA
Key Offering: Epoxy, silicone, and UV curable thermal greases and compounds

Master Bond is a leading manufacturer of specialty adhesives, sealants, and coatings, including a comprehensive line of thermal management materials. Their grease-based TIMs are known for their chemical resistance and durability under extreme conditions.

Innovation Focus:

• Two-part thermal greases for applications requiring extended pot life

• High-temperature stable formulations for aerospace and defense

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1️⃣ 10. Innovation Cooling

Headquarters: North Attleboro, Massachusetts, USA
Key Offering: IC Value thermal grease, IC Diamond thermal compound, specialized TIMs

Innovation Cooling focuses exclusively on high-performance thermal interface materials for the computing and overclocking markets. Their products, particularly the renowned IC Diamond compound, are favored by PC enthusiasts and professionals for their superior thermal conductivity and non-conductive properties.

Innovation Focus:

• Diamond-particle-infused thermal compounds for maximum performance

• Focus on the high-performance computing and gaming segments

Get Full Report Here:
Grease-Based Thermal Interface Materials Market – View in Detailed Research Report

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

The grease-based TIMs market is evolving rapidly, driven by the relentless push for higher power densities and more compact electronic designs. While traditional silicone greases remain dominant, the industry is innovating with new materials, application methods, and performance characteristics.

📈 Key Trends Shaping the Market:

• Rising demand from the Electric Vehicle (EV) sector for battery and power electronics thermal management

• Adoption of high-thermal-conductivity fillers like graphene, boron nitride, and diamond

• Shift towards automated dispensing for consistency and efficiency in mass production

• Development of phase-change materials (PCMs) and hybrid TIMs that combine the benefits of greases and pads

Get Full Report Here:
Grease-Based Thermal Interface Materials Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials for today’s electronics—they are developing the advanced thermal solutions that will enable the next generation of technology innovation.