Cooling Pastes Market Report 2024 (Global Edition)

Global Cooling Pastes Market Report 2024 Market Size Split by Type (Tapes & Films, Gap Fillers, Phase Change Materials, Greases & Adhesives, Metal-Based Thermal Interface Materials, Others), by Applic...

Cooling Pastes Market Report Description

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Cooling Pastes Market Insights Video

Competitive Landscape of the Cooling Pastes Market

The cooling pastes market is highly dynamic, with competition centered around innovation, quality, and strategic partnerships, as companies strive to meet the growing demand for efficient thermal management solutions in an increasingly electronics-driven world.

June 2020: Henkel AG and Co. KGaA announced the TIM Bergquist Gap Filler TGF 7000 as a new product. It is used in a variety of applications, including power conversion systems, ADAS systems for cars, and electric pumps. (Source: https://www.henkel.com/press-and-media/press-releases-and-kits/2020-06-10-industry-first-high-thermal-conductivity-fast-dispensing-liquid-thermal-interface-material-arrives-on-the-market-1091506) January 2022 : 3M expanded its operations in Clinton, Tennessee. 3M invested approximately USD 470 million and adding around 600 new jobs by 2025 at its plant in Clinton, Tennessee. (Source: https://news.3m.com/3M-to-expand-operations,-create-jobs-in-Clinton,-)

Top Companies Market Share in Cooling Pastes Industry: (In no particular order of Rank)

• Kobayashi Pharmaceutical
• Pigeon
• 3M
• KAO
• Kobayashi
• Muhi
• Shiseido
• Mentholatum
• To-Plan
• Sebamed
• Be koool
• Yunnan Baiyao Group
• Lorine De Nature
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Cooling Pastes Market

Which Region Dominates the Cooling Pastes Market in 2024?

According to Cognitive Market Research, North America dominates the Cooling Pastes Market due to its advanced technological infrastructure, high demand from the electronics and automotive industries, and a strong focus on research and development. The region's robust manufacturing sector, especially in the U.S., drives the need for efficient thermal management solutions. Additionally, the presence of major market players and growing investments in electric vehicles and renewable energy further bolster market growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Cooling Pastes Market due to rapid industrialization, increasing manufacturing activities, and rising demand for temperature-sensitive applications. The region’s expanding automotive, electronics, and industrial sectors drive the need for efficient cooling solutions. Additionally, the growing awareness of the benefits of cooling pastes in enhancing product performance and reliability fuels market growth.

The current report Scope analyzes Cooling Pastes Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cooling Pastes Market

According to Cognitive Market Research, the global Cooling Pastes market size was estimated at USD 1751.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 700.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Cooling Pastes market with a market size of USD 552.68 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The nation's advancements in electronics and increased demand for thermal management solutions.
• The Canada Cooling Pastes market had a market share of USD 84.06 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Canada's advancements in electronics and increased demand for thermal management solutions.
• The Mexico Cooling Pastes market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 63.74 million in 2024.

Europe Cooling Pastes Market

According to Cognitive Market Research, the global Cooling Pastes market size was estimated at USD 1751.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 525.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The United Kingdom Cooling Pastes market had a market share of USD 88.26 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the UK, Cooling Pastes sales witness an upswing due to the nation's emphasis on sustainable technology and efficient thermal management in electronics.
• The France Cooling Pastes market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 48.33 million in 2024.
• According to Cognitive Market Research, the German Cooling Pastes market size was valued at USD 104.02 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, Cooling Pastes surged due to the emphasis on sustainable technology and efficient thermal management in electronics.
• The Italy Cooling Pastes market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 45.18 million in 2024.
• The Russia Cooling Pastes market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 81.43 million in 2024.
• The Spain Cooling Pastes market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 43.08 million in 2024
• The Luxembourg Cooling Pastes market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 16.29 million in 2024.
• The Portugal Cooling Pastes market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 11.03 million in 2024.
• The Greece Cooling Pastes market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 6.30 million in 2024.
• Rest of Europe's Cooling Pastes market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 81.43 million in 2024.

Asia Pacific Cooling Pastes Market

According to Cognitive Market Research, the global Cooling Pastes market size was estimated at USD 1751.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 402.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Cooling Pastes market size was valued at USD 181.25 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Cooling Pastes surged in China due to the booming electronics industry and increasing demand for high-efficiency thermal management solutions.
• The Japan Cooling Pastes market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 55.58 million in 2024.
• The India Cooling Pastes market had a market share of USD 48.33 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India's booming electronics industry and increasing demand for high-efficiency thermal management solutions.
• The South Korean Cooling Pastes market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 40.28 million in 2024.
• The Australian Cooling Pastes market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 20.94 million in 2024.
• The South East Asia Cooling Pastes market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 27.79 million in 2024.
• The Rest of Asia Pacific Cooling Pastes market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 28.60 million in 2024.

South America Cooling Pastes Market

According to Cognitive Market Research, the global Cooling Pastes market size was estimated at USD 1751.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 87.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Cooling Pastes market size was valued at USD 37.48 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Cooling Pastess flourished in Brazil due to increased investments in electronics manufacturing and automotive industries.
• Argentina's Cooling Pastes market had a market share of USD 14.71 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Argentina's increased investments in electronics manufacturing and automotive industries.
• Colombia Cooling Pastes market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 7.79 million in 2024.
• Peru Cooling Pastes market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 7.18 million in 2024.
• Chile Cooling Pastes market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 6.30 million in 2024.
• The Rest of Latin America's Cooling Pastes market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 14.10 million in 2024.

Middle East and Africa Cooling Pastes Market

According to Cognitive Market Research, the global Cooling Pastes market size was estimated at USD 1751.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 35.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..

• The GCC Countries Cooling Pastes market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 14.99 million in 2024. Cooling Pastes sales flourish due to the growing investment in technology infrastructure.
• The Egypt Cooling Pastes market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 3.68 million in 2024.
• The South Africa Cooling Pastes market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 5.53 million in 2024. Cooling Pastes sales flourish in South Africa due to growing investment in technology infrastructure.
• The Turkey Cooling Pastes market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 3.01 million in 2024.
• The Nigeria Cooling Pastes market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 3.68 million in 2024.
• The Rest of MEA Cooling Pastes market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 4.13 million in 2024.

Cooling Pastes Market Analysis

Cooling Pastes Market Type Segment Analysis

According to Cognitive Market Research, Phase Change Materials are the dominant category due to their superior thermal management capabilities. PCMs are widely utilized in various electronic and industrial applications because of their ability to absorb and release heat during phase transitions, such as from solid to liquid. This property enables efficient temperature regulation and heat dissipation, making PCMs essential for high-performance electronics and sensitive equipment.

Metal-Based Thermal Interface Materials represent the fastest-growing category in the Cooling Pastes Market. This growth can be attributed to their exceptional thermal conductivity and reliability in transferring heat from critical components to heat sinks or other cooling systems. With the increasing demand for high-performance computing and power electronics, metal-based TIMs are becoming indispensable due to their ability to efficiently manage heat in compact and high-power applications.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cooling Pastes Industry. Request a Free Sample PDF!

Cooling Pastes Market Application Segment Analysis

According to Cognitive Market Research, Automotive Electronics stand out as the dominant application due to the increasing complexity and performance requirements of modern vehicles. The integration of advanced electronic systems for navigation, infotainment, and driver assistance necessitates effective thermal management solutions to ensure reliability and prevent overheating. Cooling pastes are essential in automotive electronics to maintain optimal operating temperatures and enhance the performance and longevity of electronic components.

Medical Devices represent the fastest-growing application in the Cooling Pastes Market, driven by the rapid advancement in healthcare technologies and the increasing need for precise thermal management. With the rising complexity of medical equipment, such as imaging systems, diagnostic devices, and wearable health monitors, effective cooling solutions are critical to ensure accurate operation and patient safety.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cooling Pastes Paste type Segment Analysis

Cooling Pastes Market Paste type Segment Analysis

According to Cognitive Market Research, Silicon-Based pastes are the dominant category due to their widespread use and established performance in thermal management applications. Silicon-based cooling pastes offer excellent thermal conductivity and flexibility, making them ideal for a range of electronic devices and industrial applications. Their ability to withstand high temperatures and provide consistent thermal performance contributes to their dominance.

Silicon-Free pastes are the fastest-growing category in the Cooling Pastes Market, driven by increasing concerns about the potential risks associated with silicon-based materials. As industries seek alternatives that offer comparable thermal performance without the use of silicon, silicon-free formulations have gained traction. These pastes often incorporate advanced materials such as ceramic or metal composites, providing high thermal conductivity while addressing issues related to silicon’s potential impact on electronics and environmental factors.

• Silicon-Free
• Silicon-Based

Cooling Pastes Sales Channel Segment Analysis

Cooling Pastes Market Sales Channel Segment Analysis

According to Cognitive Market Research, the Offline sales channel is the dominant category due to its well-established presence and widespread reach across various industries. Offline sales, through distributors, retailers, and direct sales teams, have long been the primary method for sourcing cooling pastes. This channel benefits from face-to-face interactions, which facilitate trust and detailed product consultations.

The Online sales channel is the fastest-growing category in the Cooling Pastes Market, driven by the increasing shift towards digital commerce and the convenience it offers. Online platforms provide easy access to a wide range of cooling pastes, allowing customers to compare products, read reviews, and make informed purchasing decisions from the comfort of their homes or offices.

• Online
• Offline

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion