Global Vacuum Grease Market by Application (Pharmaceutical, Laboratory Equipment, Food Processing), by Type (Fluorocarbon, Hydrocarbon, Silicone) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2016, the global vacuum grease market was valued at USD 92.4 millions. The term vacuum greases is used to refer to a group of lubricants that are used to seal various parts of equipment within vacuum systems. They are low in volatility which is an important factor to prevent evaporation. To minimize external forces on the ring material, it is used as a sealant and a lubricant in O-ring sealed systems.

The focus on product development is increasing as consumers have changed their preferences. This applies not only to the automotive industry, but also to the food and beverage industry. Because they are less susceptible to contamination, most of the recent experiments have been conducted in vacuum environments. These environments are now common in many industries and research areas.

Equipment in such environments are often subject to inherent conditions, which can lead to wear and tear. Vacuum grease is often used to improve equipment's performance. These industries use greases to provide lubrication, and achieve desired performance results. Vacuum greases are becoming more popular, which will provide manufacturers with lucrative growth opportunities.

In 2016, the U.S. vacuum grease market was valued at USD 24.95 Million. It is expected to grow at a 5.6% CAGR from 2017 to 2025. In 2016, North America and Europe were the two regions with the largest market share. Innovation in food processing technologies, funding for research and funding are the main drivers of these regions. In Asia Pacific, however, the demand is driven by high precision machines used in manufacturing and strong growth in aviation due to increasing passenger travel. Due to its use in laboratory equipment, silicone-based grease was the largest market in terms of volume.

After the recovery in GDP of developed countries following an economic downturn, North America and Europe have seen a steady increase in demand from end-use sectors. In developed European countries like France, Italy and Spain, the economic recovery is due to buoyant growth in many end-use industries, such as food processing and automotive.

Type Insights

Fluorocarbon-based grease accounted for the largest revenue share of the global market. This is due to its use in aviation. It is expected to grow at 5.8% CAGR over the forecast period, reaching USD 108.24 Million by 2025.

For the lubrication and maintenance of laboratory equipment, silicone-based greases are highly recommended. It is made from silica, which is one of the most abundant natural resources in the world. Due to silica mining, silica-based products are less common, which causes a rise in their prices.

Application Insights

Aerospace applications can use perfluorocarbon-based products to provide lubrication to critical components working in extreme temperatures and pressures, typically ranging between -70°C to 399°C. Aircraft components are subject to extreme heat, shock, and pressure. Therefore, they need products whose lubricity is unaffected by these harsh environments. For typical aerospace applications, lubricants must be compatible with plastics, elastomers, and paints.

Hydrocarbon-based grease is used in automotive applications to lubricate O-rings and bearings, as well as suction cups, conveyors and lifting systems. There are many players in the vacuum solution market, especially in Asia Pacific. This is due to the rapid growth in India and China. It is expected that this will increase the market's growth.

Regional Insights

In terms of global revenue, Europe topped the market in 2016. This trend will likely continue in the future. It was valued at USD 41.50 millions in 2016, and is expected to grow at a CAGR 5.7% between 2017 and 2025.

There are many unorganized players in Asia Pacific, especially in India and China. These unorganized players increase the competition in the market and are a tough challenge to global key players looking to expand and penetrate this region.

North America was second in revenue, followed by Europe. The forecast period will see a CAGR growth of 5.5%. The broad use of vacuum grease in diverse end-use industries is driving North America's growth. The largest U.S. markets are aerospace, automotive, and food processing. The U.S. aerospace and defense industry is a major investment in innovation and production. It contributes significantly to the country's GDP. In 2016, its export revenue was USD 146 billion. The trade surplus is also high. This extraordinary revenue and huge potential will continue to grow over the forecast period, providing ample growth opportunities in the U.S.

Market Share Insights & Key Companies

The market is fragmented with domestic and global players competing on price and product expansion. Dow Corning Corporation and Solvay S.A are established players. They compete on innovation, pricing and new product development capabilities. These companies offer high-performance, quality, regulatory-compliant, application-specific products and customized services. Dow Corning Corporation, a global player, caters to its domestic market and also serves all regions worldwide.

Market Report Scope for Vacuum Grease

The report covers segments

This report forecasts volume and revenue growth at the global, regional and country levels. It also provides analysis of industry trends in each sub-segment from 2014 to 2025. Grand View Research segmented the global market for vacuum grease based on type, location, and application.

• Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Silicone vacuum grease

  • Fluorocarbon vacuum grease

  • Vacuum grease made from hydrocarbons

• Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Food processing

  • Labor equipment

  • Automotive & Aerospace

  • Pharmaceutical

  • Other

• Regional Outlook (Volume of Kilo Tons; Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • UAE

These are the most frequently asked questions about this report

b. Global vacuum grease market was valued at USD 110.6 Million in 2019, and is forecast to grow to USD 117.4 Million in 2020.

b. Global vacuum grease market will grow at 6.0% compound annual growth rate from 2017 to 2025, reaching USD 155.9 millions by 2025.

b. With a 44.6% share in 2019, Europe was the market leader for vacuum grease. This can be attributed to the growth of end-use industries like food processing and automotive.

b. The key players in the vacuum grease market are Dow Corning Corporation and Solvay S.A.

b. The market's growth is driven by the increased use of high precision machines.

Up Market Research published a new report titled “Vacuum Grease Market research report which is segmented by Application (Pharmaceutical, Laboratory Equipment, Food Processing), by Type (Fluorocarbon, Hydrocarbon, Silicone), By Players/Companies Solvay SA, The Chemours Company, Dow Corning Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Vacuum Grease Market Report Segments:

The market is segmented by Application (Pharmaceutical, Laboratory Equipment, Food Processing), by Type (Fluorocarbon, Hydrocarbon, Silicone).

Vacuum Grease Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Vacuum Grease Market

Overview of the regional outlook of the Vacuum Grease Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Vacuum Grease Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Vacuum Grease Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Pharmaceutical

                2. Laboratory Equipment

                3. Food Processing

                1. Fluorocarbon

                2. Hydrocarbon

                3. Silicone

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Vacuum Grease Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
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Reasons to Purchase the Vacuum Grease Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.