San Francisco, 3 December 2018: The global vacuum grease market is
expected to reach USD 155.9 million by 2025, growing at a CAGR of 6.0%,
according to a new report by Grand View Research, Inc. Increasing use of high
precision machines operating under vacuum environments is leading the demand
for vacuum grease to provide lubrication in high temperature and pressure
environments. Also, its demand is rising owing to its wide acceptance as a safe
sealant among industries such as food processing, automotive and aerospace.
Vacuum grease, available in various
variants depending on the base oil used, such as silicone based, hydrocarbon
based, and fluorocarbon, is largely used as a sealant of O-rings, bearings,
valves in vacuum environments. Europe and North America, were estimated as the
dominant regions comprising a maximum share of the market in 2016. The growth
in these regions are led by Germany and U.S. respectively. Germany, one of the
largest exporter of food processing equipment, was estimated to be the largest
consumer.
In terms of revenue, the global vacuum
grease market in 2016 was driven by its applications in laboratory, food
processing, automotive, and aerospace industries. In 2016, Europe and North
America, emerged as the largest regional segments owing to the rapid investment
and focus on research activities in academic, health care, and industrial
sectors.
The demand is expected to witness
significant growth in Asia Pacific region owing to the demand from end use
industries such as manufacturing and aviation. Also in 2016, fluorocarbon based
type was estimated to comprise the largest market share in terms of revenue.
Food processing industry in Asia Pacific region is growing at a rapid pace,
providing lucrative opportunities for the new entrants in this region. However,
the presence of large number of unorganized manufacturers is expected to slow
down the anticipated expansion of the key manufacturers to certain extent.
Access
Research Report of Vacuum Grease Market@ www.grandviewresearch.com/industry-analysis/vacuum-grease-market
Further key findings from the report suggest:
· Fluorocarbon based grease was estimated to
possess maximum market share in terms of value in 2016 attributed by its
ability to attain high profit margin for the manufacturers catering to the
aerospace industry.
· Automotive & aerospace industry emerged
as the largest application segment in terms of revenue in 2016 and is estimated
to reach USD 46.44 million by 2025. Increase in the investment and production
capacities of automotive industries in Asia Pacific and Europe regions is
expected to boost the growth over the years ahead.
· The U.S. market in terms of revenue was
valued USD 24.95 million in 2016 and is estimated to reach USD 40.95 million by
2025. The market in Asia Pacific is projected to witness substantial growth in
aerospace, manufacturing and food processing industries in China and India.
Also, Asia Pacific regions is expected witness fastest growth over the forecast
period.
· Key players including Dow Corning
Corporation, M&I Materials Ltd., Castrol Limited, The Chemours Company
dominated the global market with significant market presence.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
Grand View Research has segmented the
global vacuum grease market on the basis of type, application, and region:
Type Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2014 - 2025)
·
Silicone vacuum grease
·
Fluorocarbon vacuum grease
·
Hydrocarbon vacuum grease
Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Food processing
·
Laboratory equipment
·
Automotive & Aerospace
·
Pharmaceutical
·
Others
Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
o UAE
Access Press Release of
Vacuum Grease Market@ www.grandviewresearch.com/press-release/global-vacuum-grease-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
