Rise of Domestic Thermal Grease, Market Share in Mid-to-High-end Segment Rises to 43.8%

Driven by the dual momentum of the dual-carbon strategy and high-end manufacturing upgrading, domestic thermal grease enterprises have entered a prime development period with steadily enhanced R&D capacity and product quality, enabling continuous expansion of market share of domestic products in the mid-to-high-end market. Industry statistics show that the market share of domestic mid-to-high-end thermal grease reached 43.8% in 2024, up 15 percentage points from 2022, with import dependence declining steadily.

Leading domestic manufacturers including Huitian New Materials, Debang Technology and Zhongshi Weiye have achieved stable mass production of thermal grease with thermal conductivity of 5-6W/(m·K). Their products have obtained multiple international certifications such as automotive-grade certification, UL and RoHS, with performance indicators comparable to imported counterparts. Meanwhile, their prices are 30%-60% lower, delivering outstanding cost performance.

The vigorous development of domestic thermal grease has broken the monopoly of foreign brands in the mid-to-high-end market, and boosted technological upgrading and cost reduction across the entire thermal conductive materials industry. In the future, with growing investment in research and development, domestic thermal grease will make further breakthroughs in more high-end fields, gain larger market share, and facilitate independent and controllable development of China’s high-end manufacturing industry.