The Global Grease-Based Thermal Interface Materials Market was valued at USD 1.68 Billion in 2025 and is projected to reach USD 2.56 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period (2024–2030). This significant growth is driven by the relentless miniaturization of electronics, rising power densities in computing hardware, and the critical need for efficient heat dissipation in electric vehicles, 5G infrastructure, and advanced consumer electronics.

As thermal management becomes a paramount concern for product reliability and performance, the companies formulating and supplying high-performance thermal greases are at the forefront of this silent revolution. In this blog, we profile the Top 10 Companies in the Grease-Based Thermal Interface Materials Industry—a mix of chemical giants, specialized material scientists, and innovation leaders shaping the thermal management landscape.

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🔟 1. Indium Corporation

Headquarters: Clinton, New York, USA
Key Offering: High-performance thermal greases, gap fillers, phase change materials

Indium Corporation is a globally recognized leader in materials science, specializing in alloys, solders, and thermal interface materials. Their thermal grease portfolio is renowned for high thermal conductivity, low thermal resistance, and exceptional reliability under demanding conditions, serving the automotive, telecommunications, and computing sectors.

Innovation Initiatives:

• Development of nano-particle enhanced greases for extreme heat flux applications

• Strong focus on halogen-free and environmentally friendly formulations

• Comprehensive technical support and application engineering services

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9️⃣ 2. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: Bergquist brand TIMs, LOCTITE thermal greases, gap fillers

Henkel, through its Bergquist and LOCTITE brands, is a dominant force in the thermal management market. The company offers a wide array of grease-based TIMs designed for high-volume manufacturing processes, including automated dispensing solutions for applications from servers to LED lighting.

Innovation Initiatives:

• Investment in silicone-based and non-silicone (hydrocarbon) grease technologies

• Integration of thermal materials with adhesive solutions for simplified assembly

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8️⃣ 3. Parker Hannifin Corporation

Headquarters: Cleveland, Ohio, USA
Key Offering: Chomerics division thermal greases, thermally conductive elastomers

Parker Hannifin’s Chomerics division is a premier provider of EMI shielding and thermal management materials. Their thermal greases are engineered for high-performance computing, aerospace, and defense applications where thermal stability and long-term reliability are non-negotiable.

Innovation Initiatives:

• Specialization in materials capable of withstanding harsh environmental stresses

• Development of electrically insulating thermal greases for high-voltage applications

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

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7️⃣ 4. Dow Inc.

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

As a leading material science company, Dow offers the DOWSIL portfolio of high-performance silicones, including advanced thermal grease formulations. These products are critical for managing heat in power electronics, electric vehicle batteries, and telecommunications equipment, known for their durability and wide operating temperature range.

Innovation Initiatives:

• Focus on sustainability with improved material life cycle assessments

• R&D into next-generation silicone polymers for higher thermal conductivity

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6️⃣ 5. Shin-Etsu Chemical Co. Ltd.

Headquarters: Tokyo, Japan
Key Offering: Silicone-based thermal greases, thermally conductive gels

Shin-Etsu is one of the world’s largest manufacturers of silicone products, supplying essential materials to the global electronics industry. Their thermal grease products are characterized by high purity, consistency, and excellent thermal performance, making them a preferred choice for semiconductor and display manufacturers.

Innovation Initiatives:

• Continuous improvement in filler technology to enhance heat transfer

• Strong vertical integration from silicon metal to finished formulations

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5️⃣ 6. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: 3M Thermal Greases, thermally conductive tapes, gap pads

3M’s extensive R&D capabilities have established it as a key innovator in thermal management solutions. Their grease-based TIMs are part of a broader portfolio that addresses heat dissipation challenges across diverse industries, from consumer electronics to renewable energy systems.

Innovation Initiatives:

• Pioneering work in boron nitride and other advanced filler materials

• Development of greases with optimized pumpability for automated application

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4️⃣ 7. Laird Performance Materials

Headquarters: Saint Louis, Missouri, USA
Key Offering: Tputty thermal greases, Tflex gap fillers, phase change materials

Laird Performance Materials specializes in electromagnetic shielding and thermal management technologies. Their thermal greases are designed for high-reliability applications in the automotive, medical, and industrial sectors, often customized to meet specific customer performance requirements.

Innovation Initiatives:

• Custom formulation services for mission-critical applications

• Focus on improving thermal cycling performance and pump-out resistance

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3️⃣ 8. Momentive Performance Materials Inc.

Headquarters: Waterford, New York, USA
Key Offering: Silicone-based thermal gels and greases

Momentive is a global leader in silicones and advanced materials, supplying formulated thermal interface greases to the electronics and automotive markets. Their products are engineered to provide stable thermal performance over extended periods, even under mechanical stress and thermal cycling.

Innovation Initiatives:

• Development of low-bleed formulations to prevent contamination

• Advancements in thermally conductive but electrically insulating materials

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2️⃣ 9. Aavid Thermalloy LLC (part of Boyd Corporation)

Headquarters: Laconia, New Hampshire, USA
Key Offering: Thermal interface greases, heat sinks, integrated thermal solutions

Aavid Thermalloy, now part of Boyd Corporation, offers a comprehensive approach to thermal management, combining heatsinks with high-performance thermal greases. This systems-level expertise allows them to provide optimized solutions for high-power electronics in数据中心, networking, and power conversion.

Innovation Initiatives:

• Systems-level thermal modeling and testing services

• Integration of TIM application with heatsink manufacturing processes

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

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1️⃣ 10. Master Bond Inc.

Headquarters: Hackensack, New Jersey, USA
Key Offering: Epoxy, silicone, and UV cure thermal greases and adhesives

Master Bond specializes in high-performance adhesives, sealants, and coatings, including a range of thermal management compounds. Their grease-based TIMs are formulated for specialized applications requiring specific chemical resistance, operating temperatures, or curing properties.

Innovation Initiatives:

• Extensive custom compounding capabilities for unique application needs

• Focus on two-part and UV-curing systems for controlled application

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

The grease-based TIM market is undergoing a significant transformation. While traditional silicone greases continue to dominate, the industry is rapidly advancing toward higher conductivity formulations, improved application processes, and environmentally sustainable materials.

📈 Key Trends Shaping the Market:

• Rising demand for thermal greases with conductivity exceeding 10 W/mK

• Integration of TIM dispensing into fully automated assembly lines

• Growing adoption in electric vehicle power electronics and battery systems

• Development of non-silicone alternatives for sensitive electronic environments

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

The companies listed above are not only supplying essential materials—they’re enabling the next generation of high-performance, reliable electronics by solving one of technology’s most fundamental challenges: heat.