Global Thermally Conductive Grease Market to Reach $609 Million by 2030
The global market for Thermally Conductive Grease estimated at US$448.7 Million in the year 2023, is expected to reach US$609 Million by 2030, growing at a CAGR of 4.5% over the period 2023-2030. Silicone Grease, one of the segments analyzed in the report, is expected to record 5.2% CAGR and reach US$345.8 Million by the end of the analysis period. Growth in the Non-Silicone Grease segment is estimated at 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $119.5 Million, While China is Forecast to Grow at 8% CAGR
The Thermally Conductive Grease market in the U.S. is estimated at US$119.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$139.3 Million by the year 2030 trailing a CAGR of 8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 4.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook