The growth of global vacuum grease market is majorly attributed to the rapid expansion and strengthening of laboratory equipment industry, especially in Europe and North America. Moreover, the growth in food processing industry particularly in India and China as well as rapid growth in commercial aerospace industry are some other factors anticipated to fuel the global vacuum grease market over the forecast period. The global vacuum grease market in Asia-Pacific is anticipated to be the fastest growing market across the globe. Europe accounted for the second largest share in the global vacuum grease market, in terms of volume, in 2014. The U.K. is a key growth propeller in the region and held maximum share in the European vacuum grease market. This growth is majorly attributed to the increasing demand of vacuum grease especially in the industrial equipment and laboratory industry. North America vacuum grease market is considered to be the third largest of all the other regions. The U.S. is expected 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 vacuum grease market can be segmented on the basis of type, application and geography. On the basis of type, the global vacuum grease market can be segmented into hydrocarbon based, fluorocarbon based, and silicone based. On the basis of application, the global vacuum grease market can be segmented into laboratory, pharmaceuticals, food processing, industrial equipment, aerospace and aviation and others. On the basis of region, the global vacuum grease market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific. The healthy demand in Asia-Pacific is touted to be the major growth factor for global vacuum grease market. China is anticipated to account for the largest share and lead the overall demand for vacuum grease owing to the 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 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 include The Chemours Company (DuPont), Dow Corning, M&I Materials Ltd., Solvay S.A., Castrol Ltd., Ulvac Technologies Inc., Inland Vacuum Industries Inc., Kluber Lubrication, Fuchs Lubritech GmbH, Santolubes LLC, Supervac Industries and MPT Industries., among others.

Market Segmentation

Market by Type

·         Hydrocarbon based

·         Fluorocarbon based

·         Silicone based

Market by Application

·         Laboratory

·         Pharmaceuticals

·         Food processing

·         Industrial equipment

·         Aerospace and aviation

·         Others

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA