PUBLISHER: Orion Market Research | PRODUCT CODE: 1749618
PUBLISHER: Orion Market Research | PRODUCT CODE: 1749618
Global Thermal Silicone Gel Market 2025-2035
Thermal Silicone Gel Market Size, Share & Trends Analysis Report by Type (Single Component, and Two Component), and by End-User Industry (Automotives, Consumer Electronics, Telecommunication, Power, and Others (Defense)) Forecast Period (2025-2035)
Industry Overview
Thermal silicone gel market is projected to grow from $1.5 billion in 2024 to $2.8 billion by 2035, registering a CAGR of 5.6% over the forecast period (2025-2035). Thermal silicone has been gradually gaining traction in the global market as an advanced alternative to thermal pads in industries including electronics, telecommunication, and automotive. Further, the trend for miniaturization of electronic components and the growth of markets such as data centers and 5G are widely contributing to its adoption of industry. However, the industry's inclination to shift towards silicon-free alternatives may pose a considerable hindrance to market expansion for the forecast period.
Market Dynamics
Evolving Data Center Industry
The data center industry is projected to be a key contributor in extending the business footprint of thermal silicone gels in the forecast period. The factor largely supports the adoption of thermal silicone gel, as the data center industry has been extensively expanding to support the next-generation technological growth for AI, cloud, and HPC. However, the growth faces several challenges, such as arranging for optimal heat dissipation, sustaining the required performance, and advancing the infrastructure with minimal space utilization. These requirements are stimulating data center operators to adopt advanced cooling and heat dissipation solutions, including thermal silicone gels for achieving necessary operational standards such as efficient energy use and evading overheating-based breakdowns. For instance, according to the United States International Trade Commission, global data volume is projected to reach 175 zettabytes by 2025, a 146-fold increase since 2010, with more data generated from 2018-2020 than ever before. The data processing market will grow from $56 billion (2020) to $90 billion (2025), while the data analytics sector is set to rise from $189.1 billion (2019) to $274 billion (2022).
Shift towards Silicone-Free Alternatives
The market faces extreme concerns over the obsolescence of silicon-based thermal gels owing to the industry shift towards silicon-free alternatives for several applications. The trend is majorly supported by the regulatory introduction of mandates such as ROHS (Restriction of Hazardous Substances) in Europe which requires minimal use of hazardous materials in electronics. Simultaneously, the development of silicone-free alternatives that provide enhanced features such as enhanced compatibility with sensitive applications in aerospace and automotive and better thermal conductivity, while compliance with upcoming regulatory requirements is projected to largely influence the end-user entities to make a shift to the novel alternative. For example, in March 2025, Henkel's Bergquist Liqui Form TLF 6500 CGel-SF has a thermal conductivity of 6.5 W/m*K, which ensures ADAS domain controllers can effectively get rid of heat and reduce mechanical stress. The silicone-free, thermally curable gel streamlines manufacturing and enhances component reliability for high-speed autonomous driving.
Market Segmentation
- Based on the type, the market is segmented into single components and two components.
- Based on the end-user industry, the market is segmented into automotive, consumer electronics, telecommunication, power, and others (defense).
Two Component Thermal Silicone Gel Segment to Lead the Market with the Largest Share
Two-component thermal silicone gel holds the major market in the type segment based on its features that provide options for scalability, use in complex electrical arrangements and higher thermal conductivity than its counterpart. Further, the product also has better sync with the trends of miniaturization and efficiency, as the product has lower viscosity and better insulation for heat dissipation.
Consumer Electronics: A Key Segment in Market Growth
Consumer electronics is expected to remain a very prominent end-user industry market for thermal silicone gel, attributing to the expanding consumer electronics market, increasing adoption of thermal silicon gels in wearables, the rise of miniaturization trends, and a higher level of industry emphasis on incorporating advanced thermal management solutions.
Regional Outlook
The global thermal silicone gel market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific Region is projected to hold a Larger Share in the Global Thermal Silicone Gel Market
Asia-Pacific holds a major share in the thermal silicone gel market owing to a lack of stringent regulation that mandates hazardous material use, industry inclination for economical solutions for thermal management, rapid expansion in the telecommunication and data center industry, and the existence of manufacturing hubs for automotive and consumer electronics. Further, the region remains a frontrunner in EV adoption and renewable energy deployment, wherein it is projected to utilize a vast level of thermal management solutions for maintaining efficiency and evading breakdown, highly promoting the adoption of thermal silicone gels in the region for the forecast period. For instance, according to the India Brand Equity Foundation (IBEF), the electronics manufacturing industry in India has seen rapid expansion, reaching $67.3 billion in 2020-21, up from $37.1 billion in 2015-16. Aiming to become a global electronics hub, the government targets $300 billion in manufacturing by 2026. India's global electronics market share increased from 1.3% in 2012 to 3.6% in 2020, aligning with its goal of building a $1 trillion digital economy under the Aatmanirbhar Bharat initiative.
Market Players Outlook
The major companies operating in the global thermal silicone gel market include Henkel Corp., Dow Chemical Co., DASEN Group, Shin-Etsu Chemical Co., Ltd., and Zhongshi Weiye Technology Co., Ltd. among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments
- In October 2024, Dow and Carbice announced a strategic partnership to develop next-generation thermal interface materials (TIMs) for high-performance mobility, and industrial, and consumer electronics. The collaboration combines Dow's silicone expertise with Carbice's carbon nanotube (CNT) technology to enhance thermal management and reliability in EVs, semiconductors, and power electronics.
The Report Covers:
- Market value data analysis of 2024 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global thermal silicone gel market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where' in the market.
Table of Contents
1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Global Thermal Silicone Gel Market Sales Analysis -Type| End-User Industry ($ Million)
- Thermal Silicone Gel Market Sales Performance of Top Countries
- 1.1. Research Methodology
- Primary Research Approach
- Secondary Research Approach
- 1.2. Market Snapshot
2. Market Overview and Insights
- 2.1. Scope of the Study
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Thermal Silicone Gel Industry Trends
- 2.2.2. Market Recommendations
- 2.3. Porter's Five Forces Analysis for the Thermal Silicone Gel Market
- 2.3.1. Competitive Rivalry
- 2.3.2. Threat of New Entrants
- 2.3.3. Bargaining Power of Suppliers
- 2.3.4. Bargaining Power of Buyers
- 2.3.5. Threat of Substitutes
3. Market Determinants
- 3.1. Market Drivers
- 3.1.1. Drivers For Global Thermal Silicone Gel Market: Impact Analysis
- 3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Thermal Silicone Gel Market: Impact Analysis
- 3.3. Market Opportunities
4. Competitive Landscape
- 4.1. Competitive Dashboard - Thermal Silicone Gel Market Revenue and Share by Manufacturers
- Thermal Silicone Gel Product Comparison Analysis
- Top Market Player Ranking Matrix
- 4.2. Key Company Analysis
- 4.2.1. Henkel Corp.
- 4.2.1.1. Overview
- 4.2.1.2. Product Portfolio
- 4.2.1.3. Financial Analysis (Subject to Data Availability)
- 4.2.1.4. SWOT Analysis
- 4.2.1.5. Business Strategy
- 4.2.2. The Dow Chemical Co.
- 4.2.2.1. Overview
- 4.2.2.2. Product Portfolio
- 4.2.2.3. Financial Analysis (Subject to Data Availability)
- 4.2.2.4. SWOT Analysis
- 4.2.2.5. Business Strategy
- 4.2.3. Shin-Etsu Chemical Co., Ltd.
- 4.2.3.1. Overview
- 4.2.3.2. Product Portfolio
- 4.2.3.3. Financial Analysis (Subject to Data Availability)
- 4.2.3.4. SWOT Analysis
- 4.2.3.5. Business Strategy
- 4.2.1. Henkel Corp.
- 4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration
5. Global Thermal Silicone Gel Market Sales Analysis by Type ($ Million)
- 5.1. Single Component
- 5.2. Two Component
6. Global Thermal Silicone Gel Market Sales Analysis by End-User Industry ($ Million)
- 6.1. Automotive
- 6.2. Consumer Electronics
- 6.3. Telecommunication
- 6.4. Power
- 6.5. Others (Defense)
7. Regional Analysis
- 7.1. North American Thermal Silicone Gel Market Sales Analysis - Type |End-User Industry| Country ($ Million)
- Macroeconomic Factors for North America
- 7.1.1. United States
- 7.1.2. Canada
- 7.2. European Thermal Silicone Gel Market Sales Analysis - Type |End-User Industry| Country ($ Million)
- Macroeconomic Factors for Europe
- 7.2.1. UK
- 7.2.2. Germany
- 7.2.3. Italy
- 7.2.4. Spain
- 7.2.5. France
- 7.2.6. Russia
- 7.2.7. Rest of Europe
- 7.3. Asia-Pacific Thermal Silicone Gel Market Sales Analysis - Type |End-User Industry | Country ($ Million)
- Macroeconomic Factors for Asia-Pacific
- 7.3.1. China
- 7.3.2. Japan
- 7.3.3. South Korea
- 7.3.4. India
- 7.3.5. Australia & New Zealand
- 7.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 7.3.7. Rest of Asia-Pacific
- 7.4. Rest of the World Thermal Silicone Gel Market Sales Analysis - Type |End-User Industry | Country ($ Million)
- Macroeconomic Factors for the Rest of the World
- 7.4.1. Latin America
- 7.4.2. Middle East and Africa
8. Company Profiles
- 8.1. DASEN Group
- 8.1.1. Quick Facts
- 8.1.2. Company Overview
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategies
- 8.2. Dongguan Linze Times Technology Co., Ltd.
- 8.2.1. Quick Facts
- 8.2.2. Company Overview
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategies
- 8.3. Guangzhou Jointas Chemical Co., Ltd.
- 8.3.1. Quick Facts
- 8.3.2. Company Overview
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategies
- 8.4. Henkel Corp.
- 8.4.1. Quick Facts
- 8.4.2. Company Overview
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategies
- 8.5. Master Bond Inc.
- 8.5.1. Quick Facts
- 8.5.2. Company Overview
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategies
- 8.6. Shanghai Allied Industrial Group Co., Ltd.
- 8.6.1. Quick Facts
- 8.6.2. Company Overview
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategies
- 8.7. Singleton Group
- 8.7.1. Quick Facts
- 8.7.2. Company Overview
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategies
- 8.8. Sheen Electronical Technology Co., Ltd
- 8.8.1. Quick Facts
- 8.8.2. Company Overview
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategies
- 8.9. Shenzhen HFC Co., Ltd.
- 8.9.1. Quick Facts
- 8.9.2. Company Overview
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategies
- 8.10. Shenzhen Tensan Co., Ltd.
- 8.10.1. Quick Facts
- 8.10.2. Company Overview
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategies
- 8.11. Shin-Etsu Chemical Co., Ltd.
- 8.11.1. Quick Facts
- 8.11.2. Company Overview
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategies
- 8.12. The Dow Chemical Co.
- 8.12.1. Overview
- 8.12.2. Product Portfolio
- 8.12.3. SWOT Analysis
- 8.12.4. Business Strategy
- 8.13. Zhongshi Weiye Technology Co., Ltd.
- 8.13.1. Quick Facts
- 8.13.2. Company Overview
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategies
LIST OF TABLES
- 1. Global Thermal Silicone Gel Market Research and Analysis by Type, 2024-2035 ($ Million)
- 2. Global Single Component Thermal Silicone Gel Market Research and Analysis by Region, 2024-2035 ($ Million)
- 3. Global Two Component Thermal Silicone Gel Market Research and Analysis by Region, 2024-2035 ($ Million)
- 4. Global Thermal Silicone Gel Market Research and Analysis by End-User Industry, 2024-2035 ($ Million)
- 5. Global Thermal Silicone Gel for Automotive Market Research and Analysis by Region, 2024-2035 ($ Million)
- 6. Global Thermal Silicone Gel for Consumer Electronics Market Research and Analysis by Region, 2024-2035 ($ Million)
- 7. Global Thermal Silicone Gel for Telecommunication Market Research and Analysis by Region, 2024-2035 ($ Million)
- 8. Global Thermal Silicone Gel for Power Market Research and Analysis by Region, 2024-2035 ($ Million)
- 9. Global Thermal Silicone Gel for Other End-User Industry Market Research and Analysis by Region, 2024-2035 ($ Million)
- 10. Global Thermal Silicone Gel Market Research and Analysis by Region, 2024-2035 ($ Million)
- 11. North American Thermal Silicone Gel Market Research and Analysis by Country, 2024-2035 ($ Million)
- 12. North American Thermal Silicone Gel Market Research and Analysis by Type, 2024-2035 ($ Million)
- 13. North American Thermal Silicone Gel Market Research and Analysis by End-User Industry, 2024-2035 ($ Million)
- 14. European Thermal Silicone Gel Market Research and Analysis by Country, 2024-2035 ($ Million)
- 15. European Thermal Silicone Gel Market Research and Analysis by Type, 2024-2035 ($ Million)
- 16. European Thermal Silicone Gel Market Research and Analysis by End-User Industry, 2024-2035 ($ Million)
- 17. Asia-Pacific Thermal Silicone Gel Market Research and Analysis by Country, 2024-2035 ($ Million)
- 18. Asia-Pacific Thermal Silicone Gel Market Research and Analysis by Type, 2024-2035 ($ Million)
- 19. Asia-Pacific Thermal Silicone Gel Market Research and Analysis by End-User Industry, 2024-2035 ($ Million)
- 20. Rest Of the World Thermal Silicone Gel Market Research and Analysis by Region, 2024-2035 ($ Million)
- 21. Rest Of the World Thermal Silicone Gel Market Research and Analysis by Type, 2024-2035 ($ Million)
- 22. Rest Of the World Thermal Silicone Gel Market Research and Analysis by End-User Industry, 2024-2035 ($ Million)
LIST OF FIGURES
- 1. Global Thermal Silicone Gel Market Share by Type, 2024 Vs 2035 (%)
- 2. Global Single Component Thermal Silicone Gel Market Share by Region, 2024 Vs 2035 (%)
- 3. Global Two Component Thermal Silicone Gel Market Share by Region, 2024 Vs 2035 (%)
- 4. Global Thermal Silicone Gel Market Share by End-User Industry, 2024 Vs 2035 (%)
- 5. Global Thermal Silicone Gel for Automotive Market Share by Region, 2024 Vs 2035 (%)
- 6. Global Thermal Silicone Gel for Consumer Electronics Market Share by Region, 2024 Vs 2035 (%)
- 7. Global Thermal Silicone Gel for Telecommunication Market Share by Region, 2024 Vs 2035 (%)
- 8. Global Thermal Silicone Gel for Power Market Share by Region, 2024 Vs 2035 (%)
- 9. Global Thermal Silicone Gel for Other End-User Industry Market Share by Region, 2024 Vs 2035 (%)
- 10. Global Thermal Silicone Gel Market Share by Region, 2024 Vs 2035 (%)
- 11. US Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 12. Canada Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 13. UK Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 14. France Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 15. Germany Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 16. Italy Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 17. Spain Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 18. Russia Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 19. Rest Of Europe Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 20. India Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 21. China Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 22. Japan Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 23. South Korea Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 24. Australia & New Zealand Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 25. ASEAN Countries Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 26. Rest Of Asia-Pacific Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 27. Latin America Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
- 28. Middle East and Africa Thermal Silicone Gel Market Size, 2024-2035 ($ Million)
