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Thermally Conductive Grease Market by Type (Silicone Grease, and Non-silicone Grease), End-Use Industry (LED Lighting, Telecommunication & IT, Automotive Electronics, Power Electronics), and Region - Global Forecast to 2022

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Date: 14-Aug-2017
No. of pages: 147
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“Increased demand for thermally conductive grease from the LED lighting end-use industry is driving the growth of the thermally conductive grease market across the globe.”

The thermally conductive grease market is projected to reach USD 416.6 million by 2022, at a CAGR of 7.3% from 2017 to 2022. Increasing demand for thermally conductive grease from the LED lighting end-use industry segment is the major driver for the growth of the thermally conductive grease market. The physical properties of thermally conductive grease act as a restraint for the growth of the thermally conductive grease market. The thermally conductive grease industry is expected to grow during the forecast period due to the increasing demand for thermally conductive grease from China, India, South Korea, and Rest of Asia Pacific.

“The silicone grease type of the thermally conductive grease market is projected to grow at the highest CAGR during the forecast period of 2017 to 2022.”

The silicone grease type segment of the thermally conductive grease market is projected to grow at the highest CAGR during the forecast period from 2017 to 2022. The growth of this segment can be attributed to the increased use of silicone grease for LED lighting and other end-use industries. Silicone grease can withstand high temperatures, and is less viscous, hence can fit into small spaces. It is cheaper in comparison with non-silicone grease and hence preferred more.

“The Asia Pacific thermally conductive grease market is projected to grow at the highest CAGR during the forecast period.”

The Asia Pacific region is the largest market for thermally conductive grease, globally. China is the leading market for thermally conductive grease in the Asia Pacific region, owing to the large base of LED lighting industries in the country. The increasing demand for thermally conductive grease in China can be attributed to the growing investments by thermal conductive grease manufacturers in the country, increasing purchasing power of masses, and initiatives undertaken by the government of China to boost the growth of various industries, such as LED lighting, automotive electronics, power electronics, and telecommunication & IT in the country.

This study has been validated through primary interviews conducted with various industry experts, globally. These primary sources have been divided into three categories on the basis of the company type, designation, and region.


  • By Company Type: Tier 1 – 62%, Tier 2 – 15%, and Tier 3 – 23%

  • By Designation: C-Level – 15%, Director Level – 8%, and Others – 77%

  • By Region: Europe – 31%, Asia Pacific – 61%, and North America – 8%


The report also includes company profiles and competitive strategies adopted by the major market players, such as Dow Corning Corporation (US), Electrolube (UK), Momentive Performance Materials Inc. (US), Laird Plc (US), 3M Company (US), Parker-Hannifin Corporation (US), LORD Corporation (US), Wacker Chemie AG (Germany), and Henkel AG & Co. KGaA (Germany) to strengthen their position in the thermally conductive grease market.

Research Coverage

This research report categorizes the thermally conductive grease market on the basis of type, end-use industry, and region. It forecasts revenue growth and includes an analysis of the trends in each of the sub markets. These segments have been further described in detail with their sub segments in the report. The value and volume forecasts for these segments and sub segments have also been provided in the report till 2022. The report also includes company profiles and competitive strategies that have been adopted by the major players operating in the thermally conductive grease market.

Reasons to Buy this Report:

From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market ranking of the top players, and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the thermally conductive grease market, high-growth regions, and market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:


  • Market Penetration: Comprehensive information on the formulations of thermally conductive greases offered by the top market players.

  • Product Development/Innovation: Detailed insights on the emerging technologies, Research & Development (R&D) activities, and new product launches in the thermally conductive grease market.

  • Market Development: Comprehensive information on the lucrative, emerging markets as the report analyzes the thermally conductive grease market across different regions.

  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the thermally conductive grease market.

  • Competitive Assessment: In-depth assessment of the strategies, products, and manufacturing capabilities of the leading players in the thermally conductive grease market.

Thermally Conductive Grease Market by Type (Silicone Grease, and Non-silicone Grease), End-Use Industry (LED Lighting, Telecommunication & IT, Automotive Electronics, Power Electronics), and Region - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Thermally Conductive Grease Market
4.2 Thermally Conductive Grease Market, By End-Use Industry
4.3 Thermally Conductive Grease Market in Asia-Pacific, By End-Use Industry and Country, 2016
4.4 Thermally Conductive Grease Market, Emerging vs Mature Markets
4.5 Thermally Conductive Grease Market, By Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Miniaturization of Electronic Devices
5.2.2 Restraints
5.2.2.1 Physical Properties Limiting the Growth of Thermally Conductive Grease
5.2.3 Opportunities
5.2.3.1 Electrification of Transportation Industry
5.2.4 Challenges
5.2.4.1 Development of Elastomeric Pads
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 Trends and Forecast of Gdp
5.4.2 Trends and Sales of Automotive Industry

6 Thermally Conductive Grease Market, By Type
6.1 Introduction
6.2 Silicone Grease
6.3 Non-Silicone Grease

7 Thermally Conductive Grease Market, By End-Use Industry
7.1 Introduction
7.2 LED Lighting
7.3 Automotive Electronics
7.4 Telecommunication & It
7.5 Power Electronics
7.6 Others

8 Thermally Conductive Grease Market, By Region
8.1 Introduction
8.2 Asia-Pacific
8.2.1 China
8.2.2 Japan
8.2.3 Taiwan
8.2.4 India
8.2.5 South Korea
8.2.6 Rest of Asia-Pacific
8.3 North America
8.3.1 U.S.
8.3.2 Canada
8.3.3 Mexico
8.4 Europe
8.4.1 Germany
8.4.2 France
8.4.3 Spain
8.4.4 Belgium
8.4.5 Italy
8.4.6 Austria
8.4.7 Hungary
8.4.8 Rest of Europe
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Rest of Middle East & Africa

9 Competitive Landscape
9.1 Introduction
9.2 Competitive Leadership Mapping
9.2.1 Visionary Leaders
9.2.2 Innovators
9.2.3 Dynamic Differentiators
9.2.4 Emerging Companies
9.3 Competitive Benchmarking
9.3.1 Strength of Product Portfolio (25 Players)
9.3.2 Business Strategy Excellence (25 Players)
9.4 Market Ranking

10 Company Profiles
(Overview, Strength of Product Portfolio , Business Strategy Excellence , Products Offering, Recent Development’s, Business Strategy)*
10.1 DOW  Corning Corporation
10.2 Electrolube
10.3 Henkel AG & Co. KGaA
10.4 3M Company
10.5 Momentive Performance Materials Inc.
10.6 Parker Hannifin Corporation
10.7 Wacker Chemie AG
10.8 Laird PLC.
10.9 Shin-Etsu MicroSi, Inc.
10.10 Lord Corporation

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, Recent Development’s, Business Strategy Might Not Be Captured in Case of Unlisted Companies.

11 Additional Company Profiles
11.1 ACC Silicones
11.2 AOS Thermal Compounds
11.3 OMEGA Engineering Inc.
11.4 Polymatech Japan Co., Ltd.
11.5 Intertronics
11.6 Nusil Technology LLC
11.7 Microtech Components GmbH
11.8 Aremco Products Inc.
11.9 M.G. Chemicals
11.10 Novagard Solutions Inc.
11.11 E.I. Dupont De Nemours & Co.
11.12 Kerafol Keramische Folien GmbH
11.13 Fujipoly
11.14 Wakefield-Vette, Inc.
11.15 Zalman Tech Co., Ltd.

12 Appendix
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables

Table 1 Trends and Forecast of Gdp, 2016–2022 (USD Billion)
Table 2 Sales of Automotive, 2015 vs 2016 (USD Million)
Table 3 Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 4 Thermally Conductive Grease Market Size, By Type, 2015–2022 (Kiloton)
Table 5 Silicone Grease Market Size, By Region, 2015–2022 (USD Million)
Table 6 Silicone Grease Market Size, By Region, 2015–2022 (Kiloton)
Table 7 Non-Silicone Grease Market Size, By Region, 2015–2022 (USD Million)
Table 8 Non-Silicone Grease Market Size, By Region, 2015–2022 (Kiloton)
Table 9 Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 10 Thermally Conductive Grease Market Size in LED Lighting, By Region, 2015–2022 (USD Million)
Table 11 Thermally Conductive Grease Market Size in Automotive Electronics, By Region, 2015–2022 (USD Million)
Table 12 Thermally Conductive Grease Market Size in Telecommunication & It, By Region, 2015–2022 (USD Million)
Table 13 Thermally Conductive Grease Market Size in Power Electronics, By Region, 2015–2022 (USD Million)
Table 14 Thermally Conductive Grease Market Size in Other End-Use Industries, By Region, 2015–2022 (USD Million)
Table 15 Thermally Conductive Grease Market Size, By Region, 2015–2022 (USD Million)
Table 16 Thermally Conductive Grease Market Size, By Region, 2015–2022 (Kiloton)
Table 17 Asia-Pacific: Thermally Conductive Grease Market Size, 2015–2022 (USD Million)
Table 18 Asia-Pacific: Thermally Conductive Grease Market Size, 2015–2022 (Kiloton)
Table 19 Asia-Pacific: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 20 Asia-Pacific: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Kiloton)
Table 21 Asia-Pacific: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 22 China: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 23 China: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 24 China: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 25 Japan: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 26 Japan: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 27 Japan: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 28 Taiwan: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 29 Taiwan: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 30 Taiwan: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 31 India: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 32 India: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 33 India: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 34 South Korea: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 35 South Korea: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 36 South Korea: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 37 Rest of Asia-Pacific: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 38 Rest of Asia-Pacific: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 39 Rest of Asia-Pacific: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 40 North America: Thermally Conductive Grease Market Size, By Country, 2015–2022 (USD Million)
Table 41 North America: Thermally Conductive Grease Market Size, By Country, 2015–2022 (Kiloton)
Table 42 North America: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 43 North America: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Kiloton)
Table 44 North America: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 45 U.S.: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 46 U.S.: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 47 U.S.: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 48 Canada: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 49 Canada: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 50 Canada: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 51 Mexico: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 52 Mexico: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 53 Mexico: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 54 Europe: Thermally Conductive Grease Market Size, By Country, 2015–2022 (USD Million)
Table 55 Europe: Thermally Conductive Grease Market Size, By Country, 2015–2022 (Kiloton)
Table 56 Europe: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 57 Europe: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Kiloton)
Table 58 Europe: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 59 Germany: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 60 Germany: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 61 Germany: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 62 France: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 63 France: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 64 France: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 65 Spain: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 66 Spain: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 67 Spain: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 68 Belgium: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 69 Belgium: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 70 Belgium: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 71 Italy: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 72 Italy: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 73 Italy: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 74 Austria: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 75 Austria: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 76 Austria: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 77 Hungary: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 78 Hungary: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 79 Hungary: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 80 Rest of Europe: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 81 Rest of Europe: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 82 Rest of Europe: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 83 South America: Thermally Conductive Grease Market Size, By Country, 2015–2022 (USD Million)
Table 84 South America: Thermally Conductive Grease Market Size, By Country, 2015–2022 (Kiloton)
Table 85 South America: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 86 South America: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Kiloton)
Table 87 South America: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 88 Brazil: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 89 Brazil: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 90 Brazil: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 91 Argentina: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 92 Argentina: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 93 Argentina: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 94 Rest of South America: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 95 Rest of South America: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 96 Rest of South America: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 97 Middle East & Africa: Thermally Conductive Grease Market Size, By Country, 2015–2022 (USD Million)
Table 98 Middle East & Africa: Thermally Conductive Grease Market Size, By Country, 2015–2022 (Kiloton)
Table 99 Middle East & Africa: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 100 Middle East & Africa: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Kiloton)
Table 101 Middle East & Africa: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 102 Saudi Arabia: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 103 Saudi Arabia: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 104 Saudi Arabia: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 105 UAE: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 106 UAE: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 107 UAE: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 108 Rest of Middle East & Africa: Thermally Conductive Grease Market Size, By Type, 2015–2022 (USD Million)
Table 109 Rest of Middle East & Africa: Thermally Conductive Grease Market Size, By Type, 2015–2022 (Ton)
Table 110 Rest of Middle East & Africa: Thermally Conductive Grease Market Size, By End-Use Industry, 2015–2022 (USD Million)

List of Figures

Figure 1 Thermally Conductive Grease: Market Segmentation
Figure 2 Thermally Conductive Grease Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Thermally Conductive Grease Market: Data Triangulation
Figure 7 Silicone Grease to Be the Largest Segment of Thermally Conductive Grease Market
Figure 8 LED Lighting End-Use Industry to Dominate Thermally Conductive Grease Market During the Forecast Period
Figure 9 Asia-Pacific Was the Largest Thermally Conductive Grease Market in 2016
Figure 10 Thermally Conductive Grease Market Size, 2017–2022 (Kiloton)
Figure 11 LED Lighting to Be the Fastest-Growing End-Use Industry During the Forecast Period
Figure 12 LED Lighting Was the Largest End-Use Industry of Thermally Conductive Grease in Asia-Pacific
Figure 13 China is the Largest Thermally Conductive Grease Market in 2017
Figure 14 Silicone Grease to Witness the Fastest Growth Between 2017 and 2022
Figure 15 Drivers, Restraints, Opportunities, and Challenges in Thermally Conductive Grease Market
Figure 16 Porter’s Five Forces Analysis
Figure 17 U.S. Registered The.Highest GDP in 2016
Figure 18 Silicone Grease to Drive Thermally Conductive Grease Market During the Forecast Period
Figure 19 LED Lighting End-Use Industry to Dominate Thermally Conductive Grease Market During the Forecast Period
Figure 20 Global Snapshot: Asia-Pacific to Register the Highest Growth Between 2017 and 2022
Figure 21 Asia-Pacific Market Snapshot: China to Lead the Thermally Conductive Grease Market
Figure 22 North America Market Snapshot: U.S. to Lead Thermally Conductive Grease Market
Figure 23 Europe Market Snapshot: Germany to Lead the Thermally Conductive Grease Market in Europe
Figure 24 South America Market Snapshot: Brazil to Lead Thermally Conductive Grease Market
Figure 25 Middle East & Africa Market Snapshot, 2017–2022
Figure 26 Thermally Conductive Grease Market, Competitive Leadership Mapping, 2016
Figure 27 Ranking of Key Market Players, 2016
Figure 28 Henkel AG & Co. KGaA: Company Snapshot
Figure 29 3M Company: Company Snapshot
Figure 30 Momentive Performance Materials Inc.: Company Snapshot
Figure 31 Parker Hannifin Corporation: Company Snapshot
Figure 32 Wacker Chemie AG : Company Snapshot
Figure 33 Laird PLC.: Company Snapshot

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