Vacuum Grease Market Report

Vacuum Grease Market Analysis, By Type (Silicone, Fluorocarbon, Hydrocarbon), By Application (Food Processing, Laboratory Equipment, Pharmaceutical), By Region, And Segment Forecasts, 2014 - 2025

Published: October 2017  |  105 Pages  |  Format: PDF  |  Report ID: GVR-2-68038-200-6

Industry Insights

The global vacuum grease market size was estimated at USD 92.4 million in 2016. Vacuum greases, the term used to generally refer a family of lubricants, are used to seal joints of various equipment in vacuum systems. They have low volatility, an important factor to prevent evaporation, and provide lubrication in an environment operating at a vapor pressure of 10-8 torr and temperature range of -40°C to 200°C. It is used as a sealant as well as a lubricant in “O” ring sealed systems, to minimize the external forces on the ring material.

Changing consumer preferences for wide variety of products not only in food & beverage industry but also in automotive industry is resulting in the increased focus on new product development. Most of the experiments in recent times are conducted in vacuum environments, as they are less exposed to contaminants. As a result, today, such environments have become a common phenomenon which is observed in most of the manufacturing industries and research fields. 

U.S. vacuum grease market revenue by application, 2014 - 2025 (USD Million)

U.S. vacuum grease market

However, equipment in such environment are often exposed to intrinsic conditions resulting in wear and tear of the machine. In order to enhance equipment’s performance, operating in such conditions, various products including vacuum grease are often preferred. In these industries, greases are used to provide lubrication and to attain desired results in performance. Owing to such scenario, vacuum greases are gaining prominence, which is anticipated to provide lucrative opportunities of growth for manufacturers.

The U.S. vacuum grease market was estimated as USD 24.95 million in 2016 and is anticipated to grow at a CAGR of 5.6% from 2017 to 2025. Europe and North America were estimated to have the largest share in the global market in 2016. These regions are largely driven by the innovation in food processing technologies and funding in research activities. Whereas in Asia Pacific, the demand for the product is driven by the use of high precision machines in manufacturing industry and robust growth in aviation industry owing to increasing number of passenger travel. Silicone based grease was estimated as the largest market in the terms of volume owing to its application in laboratory equipment. 

In North America and Europe, the demand from end use industries is relatively steady after the resurgence in GDP of developed economies after facing an economic downturn. The economic recovery, in developed European economies such as France, Italy and Spain, is attributed by the buoyant growth in several end use industries such as food processing, automotive and laboratory.

Type Insights

In terms of revenue, fluorocarbon based grease contributed the largest share in the global market owing to its applications in aviation industry. Its value is estimated to reach USD 108.24 million by 2025 growing at a CAGR growth of 5.8% over the forecast period.

Silicone based grease is highly preferred for lubrication of laboratory equipment. It is formulated from silica, one of the abundant available natural resource across the globe. However, due to mining of silica, the production of silica based product is reduced, leading to spike in its prices.

Application Insights

Perfluorocarbon based products are suitable for aerospace applications to provide lubrication for critical components that work in high temperatures and pressures typically ranging from -70°C to 399°C. Components in aircrafts are exposed to extreme shock, heat and pressure and hence they require products whose lubricity and viscosity is unaffected by such harsh environments. Typical aerospace applications require lubricants that are also compatible for use with elastomers, plastics and paints.

In automotive applications, hydrocarbon based grease is applied for lubrication of O-rings, bearings, valves, suction cups, conveyors, lifting systems and gripping systems. Large number of players producing vacuum solutions for automotive industry are emerging particularly in Asia Pacific region as it is rapidly growing in India and China which is anticipated to boost the growth of the market. 

Regional Insights

Europe leads the global market in terms of revenue in 2016, and this trend is expected to continue over the forecast period. It was estimated at USD 41.50 million in 2016 and is projected to grow at a CAGR of 5.7% from 2017 to 2025.

The market in Asia Pacific region is characterized by large number of unorganized players particularly in China and India. These players intensify the rivalry prevalent in the market and provide tough competition to global key players seeking to penetrate and expand their presence in this region.

Global vacuum grease market revenue, by region, 2016 (%)

Global vacuum grease market

Europe was followed by North America in terms of revenue and is expected to grow at a CAGR of 5.5% over the forecast period. In North America, the growth is mainly driven by the broad applications of vacuum grease in various end-use industries. Automotive, aerospace and food processing industries are some of the largest markets in in the U.S. The U.S aerospace & defense industry is one of the leading industries investing in the innovation and production of advanced aircraft. It significantly contributes to the GDP of the country and in 2016, the revenue generated by it through exports is USD 146 billion and has a trade surplus. These phenomenal revenues and bulk potential is expected to be growing steadily over the forecast period providing ample scope of growth in U.S.

Competitive Insights

The market is fragmented, with the global and domestic players competing on the basis of prices and product expansion. Established players including Dow Corning Corporation, Solvay S.A and The Chemours Company compete in terms of innovation, pricing and new product development abilities. The companies provide high performance, quality, regulatory compliant and application specific products with customized solutions in terms of services. Global players such as Dow Corning Corporation cater to their domestic market while catering to the demand across all the other regions globally.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation                            

Volume in Kilo Tons, Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, UK, France, China, India, Japan, Brazil, UAE

Report coverage        

Revenue forecast, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue and volume growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global vacuum grease market on the basis of type, application, region:

  • Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Silicone vacuum grease

    • Fluorocarbon vacuum grease

    • Hydrocarbon vacuum grease

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Food processing

    • Laboratory equipment

    • Automotive & Aerospace

    • Pharmaceutical

    • Others

  • Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

      • UAE

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