Vacuum Grease Market Anticipated To Promote Industry Growth At A CAGR 6.0% For Forecast Period From 2018 To 2025: Grand View Research Inc.

San Francisco, 26 March 2019: The Report Vacuum Grease Market Analysis, By Type (Silicone, Fluorocarbon, Hydrocarbon), By Application (Food Processing, Laboratory Equipment, Pharmaceutical), By Region, And Segment Forecasts, 2018 – 2025

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
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
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.
For More Information: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more