Thermally Conductive Grease

Global thermally conductive grease is forecast to 7.31% over the next five years. According to the WK-chem Research, “Global Foam Tape Professional Survey Report 2024, Forecast to 2029”, the global thermal conductive grease market is growing at a significant pace owing to driving factors such as increasing need of extensive cooling properties. The compound annual growth rate (CAGR) for the 2024-2029 period is projected to be 7.31% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“These companies should adopt various organic and inorganic growth strategies, such as expansions, mergers & acquisitions, collaborations/partnerships/agreements, and new product launches to enhance their shares in the market”, said Matt Wilson, Data Analyst, in WK-chem Research.
Market insight:
With the growing LED lighting industry across the globe, the demand for thermally conductive grease is expected to increase as electronic device manufacturers are opting for these greases to protect their electronic devices from overheating and damage. The demand of thermally conductive grease is further driven by the demand from the growing electronics & electrical industry.
Though the market is growing at a fast pace across the globe, there are a few factors that are expected to hamper its growth. These factors include the physical properties of greases that may limit its use and the development of elastomeric pads.
Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thermally conductive grease companies that include: Dow Corning Corporation, Electrolube, Momentive Performance Materials Inc., Laird PLC, 3M Company, Parker-Hannifin Corporation, LORD Corporation, Wacker Chemie AG, and Henkel AG & Co. KGaA.
Segmentation of Thermally Conductive Grease Market:
According to the type, the market for thermally conductive grease is divided into: Silicone Grease, and Non-silicone Grease. Silicone Grease has the largest market share. Silicone greases are the most widely used type of the thermally conductive greases. Silicone greases are cost-effective. They are capable of withstanding higher temperatures and fit in smaller gaps. Due to these properties, silicone greases are preferred in various end-use industries, such as LED lighting, power electronics, automotive electronics, telecommunication & IT, and others.
According to the application, the market for thermally conductive grease is divided into: LED Lighting, Telecommunication & IT, Automotive Electronics, Power Electronics. The LED lighting end-use industry segment of the thermally conductive grease market is projected to grow at the highest CAGR. The growth of the LED lighting end-use industry segment can be attributed to the increasing demand for thermally conductive grease. Factors such as government initiatives are driving the demand for LED lighting for energy consumption and energy efficiency.
Thermally Conductive Grease Market: Regional Analysis
In terms of geography, the global thermally conductive grease market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia Pacific region is the global forerunner in the market in terms of both value as well as volume, and this trend is expected to continue till next few yers. Factors, such as ban on CFL lighting, increasing need for energy conservation, and need for reducing electricity expense are expected to contribute towards the growth of the LED lighting industry of the region. This, in turn, is expected to drive the growth of the Asia Pacific market for thermally conductive grease during the forecast period.