Driven by the rapid development of the application market, there is huge room for growth in the thermal grease market

Thermal conductive silicone grease, also known as thermal paste, refers to a thermally conductive silicone grease compound prepared from organic silicone, thermally conductive fillers and additives. It has a paste-like or flowing appearance and is a high thermal conductivity insulating silicone. A type of material. Thermal conductive silicone grease has the advantages of excellent thermal conductivity, good insulation performance, strong temperature resistance, good thixotropy, strong weather resistance, and good stability. It has been used in electronic components such as CPUs, transistors, electron tubes, power amplifiers, and radiator fans. Device heat dissipation scenarios are widely used, and the terminal fields include LED lighting, electronics, automobiles, communications, electric power, military industry, medical care, aviation, ships, new energy, etc.

Thermal grease is a common type of heat dissipation material. Under the background of the continuous upgrading and popularization of domestic 5G communications, big data, Internet, Internet of Vehicles, Internet of Things and other technologies, the development trend of high power and high integration of electronic devices continues to rise, driving The power consumption and heat of equipment continue to increase, which in turn drives the demand for heat dissipation to continue to increase. As a result, the market for thermal conductive silicone grease, one of the important heat dissipation materials, has huge room for growth.

Specifically, on the one hand, the rapid coverage of 5G communication base stations has driven the continuous increase in the penetration rate of advanced communication equipment and related electronics, which in turn has brought a vast space for growth in the domestic thermal grease market. According to data from the Ministry of Industry and Information Technology, by 2022, my country will have built a total of And 2.312 million 5G base stations have been opened; on the other hand, the continuous upgrading of 5G mobile phone functions has driven increasing demand for cooling. According to data from the Academy of Information and Communications Technology, domestic 5G mobile phone shipments reached 190 million units from January to November 2022.

In addition, the rapid penetration of new energy vehicles has led to the continuous expansion of the scale of automotive-grade IGBT chips, radiators, and power modules, which in turn has brought huge demand for the thermal grease market. According to data from the China Automobile Association, domestic new energy vehicle sales in 2022 Amounting to 6.887 million vehicles. Therefore, according to the “China Thermal Grease Industry Market Monitoring and Future Development Prospects Research Report 2023-2027” released by the Industrial Research Center shows that my country’s thermal grease market demand is vast, and it is expected that the domestic thermal grease market’s compound annual growth rate will exceed 9% from 2023 to 2027.

There are many companies in the domestic thermal grease market. The main companies include Sinopec Technology, Huitianxin Technology, Changxing Materials, Gaobai Technology, Jiuzhou Fengshen, etc. At present, domestic enterprises mainly focus on the low-end market of thermal conductive silicone grease, and the competition is relatively fierce. In the high-end market, the number of local enterprises is still relatively small, and the level of localization is low. In the future, local enterprises will need to continuously improve their competitiveness and accelerate their entry into the high-end market. market.

Industry analysts said that in recent years, driven by the rapid development of domestic 5G communication equipment, consumer electronics, automotive electronics and other industries, the thermal conductivity The demand for materials market continues to increase, and thermal conductive silicone grease is one of its subcategories. The market scale continues to expand, and the industry shows a good development trend. However, currently domestically produced thermal grease products are mainly concentrated in the mid- to low-end market. In the future, local companies will need to accelerate their efforts to improve their competitiveness, and there will be huge room for industry growth.