Kenneth Research recently added a report on ‘Conductive Grease Market’ which offers a complete evaluation of the market and its growth prospects along with new business opportunities in the industry. The report contains the market size and annual growth rate for a forecast period between 2022 and 2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Conductive Grease Market products.
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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.
Conductive Grease Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022
Conductive grease is a material that is applied between the surfaces to reduce the friction without loss or restrictions of energy transfer. It helps the flow of electrical or thermal energy, and provides cost benefits to the overall mechanism. The material is majorly used by electrical & electronic industry, where it helps to manage complete heat and electrical management solutions. Thermal conductive grease and electrical conductive grease are the two key types of conductive grease, where thermal conductivity has the advantage of being utilized more which is increasing its market value. Conductive grease is a part of the energy saving materials, owing to its ability to facilitate heat transfer with minimum or no loss.
Currently, with the advantages of having a bigger market for electrical & electronics, such as China, Philippines etc., Asia Pacific is the global leader in the conductive grease market. Big manufacturing units are having most of the consumption and increasing Asia Pacific’s lead in the global market. North America is another prominent market for conductive grease having the advantage of being the leader in various electronic solutions and healthcare devices. Europe followed North America to be termed as the third largest market for conductive grease, as it is the leader in the transportation industry. Rapidly changing consumer demands and high consumer spending in North America and Europe are expected to boost the market of conductive grease. Two developed regions of North America and Europe collectively account for around half of the global market, however, the share is expected to decline due to the high growth in developing countries. Middle East & African countries show a high growth rate during the forecast period due to the increasing industrialization. Globally, the demand for conductive grease is growing consistently, especially in Asia Pacific and North America.
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Thermal conductive grease is highly dominating the market at both the global and regional level, owing to the high adoption rate and easy installation. Other than thermal, the other form of conductive grease is electrical conductive grease which is also increasing its market during the forecast period with a high adoption coming from the technological and product level innovations.
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The study of the global conductive grease market provides market size information and market trends along with the factors and parameters impacting the market in both short- and long-term. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the business decision-makers to make better business plans and informed decisions for future business. In addition, the study helps venture capitalists in understanding the companies better and take informed decisions.According to Infoholic Research, the global conductive grease market is expected to grow at a CAGR of 9.5% during the forecast period to reach $809.0 million by 2022. The thermal conductive grease is expected to maintain global dominance, which is driven by China and India. Asia Pacific is expected to contribute the highest toward the global conductive grease market. Some of the key players in conductive grease is Dow Corning, Honeywell Corporation, Momentive Performance Materials, Wacker Chemie AG, and Parker Hannifin.
Report Scope:
• Type
o Thermal Conductive Grease
o Electrical Conductive Grease
• End-user
o Electrical & Electronics
o Telecommunications
o Transportation
o Others
• Regions
o Asia Pacific
o North America
o Europe
o Rest of the World
• Industry outlook: Market trends, drivers, restraints, and opportunities.
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