Vacuum grease is a lubricant that has least volatility and is mostly utilized for numerous applications especially in low pressure environments. As well as a lubricant, vacuum grease is also employed widely as a sealant for sealing various joints in vacuum systems. This is normally limited to soft vacuity lubricants since high temperatures or ultra high vacuums may pose problems with the outgassing grease. Grease is the most frequently used material with glass vacuity systems. All the type of metal systems generally employ the use of knife edge seals in the soft metals. O ring seals are broadly used, these should not be greased especially in static seals since it can cause the O rings to damage permanently and get distorted when they are compressed. Vacuum grease is used in order to avoid corrosion in electronics manufacturing processes.
Increasing growth of the global vacuum grease market is majorly attributed to the rapid expansion and strengthening of the laboratory equipment industry especially in Europe and North America regions. Moreover, increasing growth of the food processing industry especially in India and China as well as the rapid growth of the global commercial aerospace market are some other factors predicted to fuel the global vacuum grease market throughout the forecast period. The global vacuum grease market in the Asia Pacific region is anticipated to be the fastest growing market across the globe and this fashion is projected to continue over the forecast period as well. Europe accounted for the second major share in the global vacuum grease market, in terms of volume, in 2014. The U.K. is a key country which has contributed a lot and the maximum share in the Europe vacuum grease market among all countries in Europe. This growth is majorly attributed to the increasing demand for vacuum grease especially in the industrial equipment and laboratory industry. North America vacuum grease market is considered to be the third major of all the other regions. The U.S. is consequence to be the largest consumer and producer of vacuum grease across North America. U.S. is also the biggest exporter of industrial equipment and laboratory equipment in the world.
The global market can be divided on the basis of type, application and geography. Based on type, the global vacuum grease market can be divided into fluorocarbon based vacuum grease, hydrocarbon based vacuum grease and silicone based vacuum grease. Based on application, the global vacuum grease market can be segmented into laboratory, industrial equipment, food processing, pharmaceuticals, aerospace and aviation and others. By region, the global vacuum grease market can be divided into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand in Asia-Pacific is expected to be the major driving factor for the growth of the global vacuum grease market. China is anticipated to account for the largest share and lead the overall demand for vacuum grease owing to increasing industrial production over the last few years. The markets in other developing countries such as Brazil, Russia, Poland, Indonesia, New Zealand, Argentina and India among others are also anticipated to grow rapidly throughout the forecast period.
Key players in the global vacuum grease market are focusing on various key market strategies such as mergers and acquisitions to gain competitive advantage in the global market. Moreover, they are concentrating on other key strategies such as expansion and new product development. Some of the major companies operating in the global vacuum grease market globally include The Chemours Company (DuPont), Inland Vacuum Industries Inc., Santolubes LLC, Dow Corning, Castrol Ltd., M&I Materials Ltd., Solvay S.A., Ulvac Technologies Inc., Kluber Lubrication, Fuchs Lubritech GmbH, Supervac Industries and MPT Industries., among others.
The global vacuum grease market can be segmented
• Fluorocarbon based vacuum grease
• Hydrocarbon based vacuum grease
• Silicone based vacuum grease
• Industrial equipment
• Food processing
• Aerospace and aviation
• North America
• Latin America
• Middle East & Africa
• Asia Pacific