Global Thermally Conductive Grease Market is expected to reach USD 660.2 billion growing at a CAGR o
The Global Thermally Conductive Grease Market is projected to reach USD 660.2 million by 2028, growing at a CAGR of 6.5% during the forecast period. Thermally conductive grease is generally used as an interface between heat sinks and heat sources such as high-power semiconductor devices. In order to maximize heat transfer and dissipation, the primary function of thermal grease is to eliminate air gaps or spaces (which function as thermal insulation) from the interface area.
Key Developments in the Thermally Conductive Grease Market:
o In April 2019, Henkel AG (Germany) launched a new silicone-free gap filler for electric vehicles during the Battery Show 2019 in Stuttgart, Germany.
o In December 2019, WACKER (Germany) and Fuji Polymer Industries (Japan) announced to intensify their collaborative work on the development of innovative thermal interface materials. To this end, Fuji Polymer Industries will use WACKER’s room-temperature-curing ELASTOSIL silicones for manufacturing novel silicone-based heat-conducting components.
o Silicone Grease
o Non-Silicone Grease
By End-Use Industry:
o LED Lighting
o Automotive Electronics
o Power Electronics
o Telecommunication & IT
Companies Covered: Dow Corning Corporation, ACC Silicones, Electrolube, Henkel AG and Co. Kgaa, 3M Company, AOS Thermal Compunds, Momentive Performance Materials Inc., Parket Hannifin Corporation, Wacker Chemie AG, Laird PLC, Shin-Etsu Microsi, and Lord Corporation.