Thermally Conductive Grease Market to prosper with the demand from transportatio

Posted by rohan on February 6th, 2020

Market Overview:

Thermally conductive grease is a composite that usually is electrically insulating and thermally conducting, where heat transfer can take place. These are most generally employed as an interface material between the source of heat and heat sinks. Thermal conductive grease is termed by numerous substitute names like thermal compound, heat paste, thermal paste, thermal interface material (TIM), heat sink compound, or thermal gel. The primary employment of thermally conductive grease is to get rid of air spaces or gaps from the interface area that play the role of thermal insulators and facilitate heat transfer. The world thermally conductive grease market was valued at USD 239.9 million in 2018. It is estimated to reach around USD 421.15 million in 2023 with a CAGR of 7.46%.

Market drivers and restraints:

The increase in demand from end-user businesses like automobile, heavy types of machinery, construction and transportation segments has resulted in a fast expansion in the market. The improvement in the purchasing power parity of people around the world has fueled the development in the automobile markets and thereby creating an upswing moment of the thermally conductive grease market over the foreseen period.

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Report segmented as:

By type:

  • Silicone grease
  • Non-silicone grease

By end user:

  • LED lighting
  • Telecommunication and IT
  • Automotive electronics
  • Power electronics

Geographical analysis:

On the basis of geography, the thermal conductive grease market can be segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. On the global level, in terms of both value as well as volume, in 2016, Asia Pacific led the thermal conductive grease market. Demand for thermal conductive grease from various end-use industries primarily in China, India, Japan, and South Korea is a key factor driving the market in the Asia Pacific region.

Important market players:

Major players operating in the thermal conductive grease market are 3M, Dow Corning Corporation, Parker Hannifin Corp, Laird Technologies, ACC Silicones Ltd (A CHT Group company), LORD Corporation, Wacker Chemie AG, and PolySi Technologies Inc.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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Joined: September 20th, 2017
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