Thermally Conductive Grease Market

Thermally Conductive Grease Market Size 2023-2028

The Thermally conductive grease market size was expected to be worth $ 280.8 million in the year 2022 and is predicted to reach $ 430.8 million by 2028, at a 9.1% annual expansion rate from the years 2023-2028

Conductive grease is a semi-solid solvent that provides the possibility of collaborating two characteristics of a lubricant and a conductor in a single product. The material is easy to apply and reduces the total cost of production. The expansion of electrification and modernization of the electronic world, and also the evolution of the automotive industry, should augment the expansion of the conductive grease industry in the foreseen period. Silicone greases are the most widely employed type of thermally conductive greases as they are inexpensive. They are able to withstand higher temperatures and fit in smaller spaces. Due to these properties, silicone greases are preferred in various end-use businesses. The silicone grease market is largely due to its superior properties. Silicone greases can withstand higher temperatures and have a lower viscosity, making them ideal for filling small spaces or gaps between two surfaces.

Electrolube plants to exhibit a variety of thermal management goods, involving its innovative latest phase change materials at the Electronica event.

Thermally Conductive Grease Market Drivers and Restraints:

With the expansion of the LED lighting industry worldwide, the call for thermally conductive grease is predicted to increase as electronic device manufacturers turn to these greases to protect their electronic devices from overheating and damage. The call for heat-conductive grease is also spurred by calls from the growing electronics and electrical industry. The thermally conductive grease market segment has the advantage of being employed in various end-user businesses and represents a significant market share compared to electrically conductive greases, both in value and volume. The use of this Thermally Conductive Grease market is predicted to escalate highly in the years to come, generating a lot higher revenues for the total conductive grease industry in the years to come. Silicon-based grease is widely employed in the manufacture of semiconductor devices since silicone-based greases are inexpensive and effectively fill small air gaps.

The call for extended cooling properties and an efficient heat transfer function also stimulate the market for the thermally conductive grease market. The need for heat-sensitive computing components required for heat management in advanced medical instruments and medical lasers is driving market expansion. The worldwide market for thermal conductive greases is growing at a significant rate due to driving factors, such as the escalating need for long-term cooling properties. In addition, escalated application to low or medium-speed sliding contact computers and other features is likely to stimulate the market call for thermal conductive greases for years to come. However, the growing concern about limiting the use of fats due to their physical properties is predicted to hamper the expansion of the market for thermally conductive fats. Similarly, the rise in applications in the LED industry due to escalated awareness of energy conservation may provide a lucrative opportunity for market players in the near future. Nevertheless, the operation of an electronic component ignites heat. If not enough heat is removed, the electronic component will operate at a temperature significantly higher than its normal operating temperature. Excessive temperatures can adversely affect the performance of the electronic component and the operation of the device associated with escalating failure.

THERMALLY CONDUCTIVE GREASE MARKET REPORT COVERAGE

Market Segmentation:

Thermally Conductive Grease Market - By Type:

• Silicone grease

• Non-silicone grease

The silicone grease type segment of the thermally conductive grease market is predicted to grow at the highest annual expansion rate between 2020 and 2025, due to the rising use of these greases in different end-use businesses. The silicone grease market is largely due to its superior properties.

Thermally Conductive Grease Market - By End-use:

• LED lighting

• Telecommunication & IT

• Automotive Electronics

• Power Electronics

The LED end-use sector is predicted to lead the thermally conductive grease market during the foreseen period due to the escalated call for heat conductive grease from indoor LED lighting applications. and out of the world. Escalated government initiatives to ban compact fluorescent lamps and improve energy-efficient lighting systems in various regions are predicted to stimulate the LED lighting segment.

Thermally Conductive Grease Market - By Region:

The Thermally Conductive Grease Market Report includes the segmentation of Regions with their respective Countries.

• North America Thermally Conductive Grease Industry includes the U.S, and Canada.

• Europe Thermally Conductive Grease Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

• Asia Pacific Thermally Conductive Grease Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America Thermally Conductive Grease Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

• The Middle East & Africa Thermally Conductive Grease Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

In 2020, the Asia-Pacific region dominated the market for thermally conductive grease market, both in value and volume. The expansion of the thermally conductive grease industry in Asia-Pacific is owing to the escalated employment of thermally conductive greases by several end-use businesses in the rest of Asia-Pacific. Improved economic conditions in the region have resulted in escalated calls for automobiles, driving expansion in the region's heat-conducting grease market. In addition, continued population expansion in the region also contributes to escalated calls for consumer products, which in turn leads to expansion in the Asia-Pacific thermally conductive grease market. The Asia-Pacific region is predicted to continue as the world leader until 2022. Factors such as the ban on lighting compact fluorescent lamps, the escalated energy conservation needs, and the need to Lower electricity costs should contribute to the expansion of the region's LED lighting industry. This, in turn, is predicted to stimulate expansion in the Asia-Pacific thermally conductive grease market during the foreseen period.

Thermally Conductive Grease Market Key Players:

1. Dow Corning Corporation (US)
2. Electrolube (UK)
3. Momentive Performance Materials Inc. (US)
4. Laird PLC (US)
5. 3M Company (US)
6. Parker-Hannifin Corporation (US)
7. LORD Corporation (US)
8. Wacker Chemie AG (Germany)
9. Henkel AG & Co. KGaA (Germany)