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Thermally Conductive Grease Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 5025927
  • Report
  • May 2020
  • Region: Global
  • 120 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • 3M
  • Boyd Corporation
  • Chemtronics
  • CHT UK Bridgwater Ltd
  • Henkel AG & Co. KGaA
  • MG Chemicals
  • MORE
The market for thermally conductive grease is expected to grow at a CAGR of about 3% globally during the forecast period. The major factor driving the market studied is the increasing demand from the electrical and electronics Industry. On the flip side, the inconsistent performance of thermally conductive grease is expected to hinder the growth of the market studied.
  • The silicone-based grease segment is expected to dominate the global thermally conductive grease market over the forecast period.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
Key Market Trends

Increasing Application of Silicon based Thermally Conductive Grease
  • Thermal grease is thermally conductive but is an electrically insulating compound, which is commonly used as an interface between heat sinks and heat sources such as high-power semiconductor devices.
  • Silicon-based grease are capable of withstanding higher temperatures, which makes it ideal for the application and thus increases the performance of the device. This application of silicon-based thermal grease is increasing its demand in semiconductor applications.
  • Silicon-based grease is widely used in making semiconductor devices as silicone greases are cost-effective, they fill the smaller air gaps effectively.
  • The heat produced can be effectively removed by thermal conduction from the electronic component to a heat sink either by surface contact or by using thermally conductive greases made of silicon.
  • In Electrical & Electronics industry components such as semiconductors, transistors, integrated circuits (ICs), discrete devices, and others known in the art are designed to operate at a normal operating temperature range.
  • However, the operation of an electronic component generates heat. If sufficient heat is not removed, the electronic component will operate at a temperature significantly above its normal operating temperature. Excessive temperatures can adversely affect performance of the electronic component and operation of the device associated increasing failures.
  • The Semiconductor Industry Association (SIA) announced that worldwide sales of semiconductors reached USD 36.6 billion for the month of October 2019, an increase of 2.9% from the previous month’s total of USD 35.6 billion.
  • Hence, owing to the growing applications in silicon based thermally conductive grease in electrical and electronics industry especially in Asia-Pacific and North American countries, the demand for silicone based thermally conductive greases is expected to increase over the forecast period.
Asia-Pacific Region to Dominate the Market
  • Asia-Pacific region is expected to dominate the market for thermally conductive grease during the forecast period. Due to the high demand from countries such as China, India, and Japan, the market for thermally conductive grease has been increasing.
  • The largest producers of thermally conductive grease are located in the Asia-Pacific region. Some of the leading companies in the production of thermally conductive grease are 3M, Henkel AG & Co. KGaA, Kenner Material & System Co., Ltd, Chemtronics, Momentive.
  • Increasing usage of electronic devices and the presence of well-established electronic device manufacturers in the region are increasing the demand for thermally conductive grease.
  • The “Made in China 2025” policy, published in May 2015, mentions specific targets to increase self-sufficiency in Integrated Circuits production to 40% in 2020 and 70% by 2025 increasing the scope for this market in the coming years.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for thermally conductive grease market during the forecast period.
Competitive Landscape

The global thermally conductive grease market is fragmented with players accounting for a marginal share of the market. Few companies include 3M, Henkel AG & Co. KGaA, Momentive, Boyd Corporation, Novagard Solutions.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M
  • Boyd Corporation
  • Chemtronics
  • CHT UK Bridgwater Ltd
  • Henkel AG & Co. KGaA
  • MG Chemicals
  • MORE
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from Electrical and Electronics Industry
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Inconsistent Performance of Thermally Conductive Grease
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition

5 MARKET SEGMENTATION
5.1 Grease Type
5.1.1 Silicone Based Grease
5.1.2 Non-Silicone Based Grease
5.2 End-user Industry
5.2.1 Automotive Electronics
5.2.2 Telecommunication
5.2.3 Power Electronics
5.2.4 LED Lighting
5.2.5 Others
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 Boyd Corporation
6.4.3 Chemtronics
6.4.4 CHT UK Bridgwater Ltd
6.4.5 Henkel AG & Co. KGaA
6.4.6 Kenner Material & System Co., Ltd
6.4.7 MG Chemicals
6.4.8 Momentive
6.4.9 Novagard Solutions
6.4.10 PARKER HANNIFIN CORP

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • 3M
  • Boyd Corporation
  • Chemtronics
  • CHT UK Bridgwater Ltd
  • Henkel AG & Co. KGaA
  • Kenner Material & System Co., Ltd
  • MG Chemicals
  • Momentive
  • Novagard Solutions
  • PARKER HANNIFIN CORP
Note: Product cover images may vary from those shown
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