Conductive grease refers to improving electric connections among the sliding surface and other parts with electrically conductive silicon grease which reduces the risk of corrosion and reduces friction between electrical connections. This is widely used in manufacturing for heat sink devices, transformers, protective coating, circuit breaker, and others. Silicon-free grease is dominating the market as it is low cost, provide thermal conductivity and dielectric properties, and resistant to high temperature.The research analyst at AMA estimates Conductive Grease market to grow at a compounded annual growth rate of 8.4%
AMA Research have segmented the market of Global Conductive Grease market by Type, Application and Region. On the basis of Type, Non-Silicone Grease are dominating the market in the year 2020
On the basis of geography, the market of Conductive Grease has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Increasing Demand from Consumer Electronics Industry
Emphasizing on Miniaturization of Electrical Devices and Increasing Electrification in Transportation Sector
Rising Demand of Silicon Free Conductive Grease
- Complex Physical Properties of Conductive Grease
- Fluctuating Raw Material Prices
In addition to the aforementioned factor, Emphasizing on Miniaturization of Electrical Devices
is expected to propel the growth of the market over the forecast period.
Conductive grease market is fragmented owing to the number of players present in the market. Companies are focusing on the production of silicon-free conductive grease and increasing demand from transportation and consumer electronics market expected to generate lucrative market opportunities.
The key Vendors profiled in the study are Dow Corning Corporation (United States), Electrolube (United Kingdom), Momentive Performance Materials Inc. (United States), Laird PLC (United States), 3M Company (United States), Parker-Hannifin Corporation (United States), LORD Corporation (United States), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (United States) and Dow Silicones Corporation (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.