Vacuum Grease Market Size To Reach $209.2 Million By 2030

Vacuum Grease Market Growth & Trends

The global vacuum grease market size is expected to reach USD 209.2 million by 2030, growing at a CAGR of 6.0% from 2024 to 2030, 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 2023. 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 2023 was driven by its applications in laboratory, food processing, automotive, and aerospace industries. In 2023, 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 2023, 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.

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Vacuum Grease Market Report Highlights

• Fluorocarbon based grease was estimated to possess maximum market share in terms of value in 2023 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 2023. 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.

• Europe vacuum grease market dominated the vacuum grease market with a revenue share of 44.2% in 2023

Vacuum Grease Market Segmentation

Grand View Research has segmented the global vacuum grease market report based on product, application and region:

Vacuum Grease Product Outlook (Revenue, USD Million, Kilotons, 2018 - 2030)

• Silicone Based

• Fluorocarbon Based

• Hydrocarbon Based

Vacuum Grease Application Outlook (Revenue, USD Million, Kilotons, 2018 - 2030)

• Food Processing

• Laboratory Equipment

• Automotive/Aerospace

• Pharmaceuticals

• Others

Vacuum Grease Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • UAE

  • Saudi Arabia

List of Key Players in the Vacuum Grease Market

• Dow

• M&I Materials Ltd.

• CASTROL LIMITED

• Maax Lubrication Pvt Ltd

• Shin-Etsu Chemical Co., Ltd.

• MPT Industries

• The Chemours Company

• Solvay

• Supervac Industries LLP

• Eastern Petroleum

• Kluber Lubrication