The global Vacuum Grease market was valued at USD 146.2million in 2016 and is projected to reach USD 386.26million by 2025, growing at a CAGR of 11.4% from 2017 to 2025.
Vacuum Grease is majorly employed as a lubricant in low pressure environments. The low volatility of vacuum grease is expected to boost demand in laboratory and industrial equipment application. However, the low volume usage is a major threat to market growth.
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1. Market Drivers
1.1 Rapidly growing food processing industry in developing countries
1.2 Strong laboratory equipment market in North America and Europe
2. Market Restraints
2.1 Limited applications
2.2 Low volume usage
The global Vacuum Grease market is segmented on the product, applicationand region.
1. By Product:
1.1 Silicon Based Vacuum Grease
1.2 Hydrocarbon Based Vacuum Grease
1.3 Fluorocarbon Based Vacuum Grease
2. By Application:
2.1 Food Processing
2.3 Laboratory and Industrial Equipment
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. The Chemours Company
2. DOW Corning
3. M&I Materials Ltd.
4. Castrol Ltd.
5. Solvay SA
6. Fuchs Lubritech
7. Kluber Lubrication
8. MPT Industries
9. Supervac Industries
10. Santolubes LLC
11. Ulvac Technologies Inc.
12. Inland Vacuum Industries
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Vacuum Grease market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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