We use this in the HVAC field to keep heat away from critical components when torching stuff, (there are dozens of different brands and I even saw one on the HD website) heat sink paste.
https://www.zoro.com/nu-calgon-heat-sink-compound-putty-12-oz-4371-38/i/G4321660/?msclkid=e314d602c67416b768abb6d7747d2dfc&utm_source=bing&utm_medium=cpc&utm_campaign=PLA_US_Bing_SSC&utm_term=4586131721760490&utm_content=All%20Products&gclid=e314d602c67416b768abb6d7747d2dfc&gclsrc=3p.ds
Might give it a try like Smuggler said above to keep the heat off the shaft.