Vacuum Grease Market: Increasing use of high precision machines operating under vacuum environments is leading the demand

Vacuum grease is used as a sealant in vacuum systems. It has low volatility, which is ideal for providing lubrication for systems working under complex vacuum environment. It is resistant to esters, alkalis and alcohols. It not only provides protection from corrosion and moisture but also reduces mechanical wear and tear. The most prevalent factors attributing to the market growth are increased use of high precision machines that are employed for producing wide range of products. High precision machines are exposed to extreme temperatures and pressures and require anticipated lubrication which do not evaporate at high operating conditions.

Also, academic, industrial and government sectors’ focus on scientific research is also leading to use of various equipment for conducting experiments. These experiments are often conducted in vacuum environment, such that the equipment is not exposed to hazardous chemicals. Since ordinary grease fails to provide lubrication under such conditions, vacuum greases are preferred to provide lubrication and attain desired results.

The market is categorized based on the base oil used in the formulation. The various types of base oils used are hydrocarbons, fluorocarbons, and silicone. Among the various types of greases considered, fluorocarbon based grease was estimated to contribute largest share to the global market in terms of revenue. They provide high profit margins for manufacturers and are best suited for applications in aerospace industry. In terms of volume, silicone based grease, which is used as joint sealant of laboratory equipment, was estimated to comprise the largest share. Apart from fluorocarbon and silicone, hydrocarbon based grease is used in automotive industry to provide lubrication to O-rings, valves and bearings.

Europe was estimated as the largest regional segment followed by North America. The primary factors driving the demand in these regions are enormous focus on the scientific research and development activities in various sectors including industrial, governmental and academia. Asia Pacific region was forecasted to be the fastest growing market in terms of revenue. The anticipated growth in Asia Pacific region was attributed to the robust growth in food processing and aerospace industries particularly led by China and India and manufacturing industries in South Asian countries.

Europe was leading the global market in terms of revenue in 2016 and is anticipated to continue its dominance over the next forecast period. The estimated growth in Europe was spearheaded by Germany and U.K contributed by food processing, aerospace and automotive industries. Germany, primarily being an exporter of food processing equipment is expected to contribute significantly over the forecast period. The resurgence of Europe economy is also expected to boost the anticipated growth over the forecast period.

The key players in the global market include Castrol Limited, Dow Corning Corporation, Supervac Industries Pvt. Ltd, The Chemours Company, M&I Material Ltd. Global players such as Castrol Limited, Dow Corning Corporation and The Chemours Company have well established distribution network globally and compete in the market with a diverse product portfolio. Manufacturers focus on expanding their market presence in Asia Pacific, which is anticipated to be the fastest growing region in terms of revenue. However, numerous unorganized players in Asia Pacific region, who compete with their industry rivals with competitive pricing strategy, challenge the market penetration of key players in this region.

  In-depth report on global Vacuum grease market by Grand View Research:

https://www.grandviewresearch.com/industry-analysis/vacuum-grease-market