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Vacuum Grease Market is forecast to reach US$185.3 million by 2027, after growing at a CAGR of 8.5% during 2022-2027.

HYDERABAD, TELANGANA, INDIA, January 5, 2023 /EINPresswire.com/ -- Vacuum Grease Market is forecast to reach US$185.3 million by 2027, after growing at a CAGR of 8.5% during 2022-2027. Rising individual preferences for a wide range of vacuum grease products such as fluorocarbon, hydrocarbon, and silicone, in the food and beverage industry as well as in the automotive industry is expected to drive the growth of the global vacuum grease market over the forecast period. Increased food processing industries require advanced packaging and components storage, including vacuum grease in various countries. The demand for vacuum grease to provide lubrication in high temperature and pressure situations is growing due to the rising usage of high precision machinery working in vacuum environments. Its traction is also inclining as a result of its widespread recognition as a safe sealant in industries such as pharmaceuticals, food processing, automotive, and aerospace.

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Key takeaways:

This IndustryARC report on the Vacuum Grease market highlights the following areas -

1. Europe dominated the vacuum grease market due to the rapidly rising demand for vacuum grease owing to its wide acceptance as a safe sealant between industries such as food processing, automotive and aerospace.

2. The increasing number of food processing industries and the growing need for high-quality packaging for sealing and increasing mechanical applications for vacuum and pressure systems are driving the market growth.

3. Innovative product development and government support for research and development activities are expected to create potential opportunities for the growth of the market over the forecast period. For instance, in February 2020 GP Global, a lubricants company based in the United Arab Emirates, planned to invest US$ 14 million in a greenfield lubricant blending factory in western India, which will produce grease, lubricants, and white oil.

4. Rapidly rising use of high-precision machines operating under vacuum conditions has led to the increasing demand for vacuum grease to provide lubrication in high temperature and pressure environments.

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Segmental Analysis:

1. Vacuum Grease Market Segment Analysis – By Type : Fluorocarbon-based vacuum grease segment has dominated the market for vacuum grease market in 2021. Chemically inert fluorocarbon-based vacuum greases provide improved lubrication in vacuum systems. Fluorinated oil, which is manufactured from perfluoroalkyl polyether and fluorocarbon thickener, is the basis oil for fluorocarbon-based vacuum greases. Vacuum greases based on fluorocarbons do not ignite, explode, or degrade, and they do not react to produce solid deposits.

2. Vacuum Grease Market Segment Analysis – Application : Laboratory & Industrial equipment sector has dominated the market for vacuum grease market in 2021 and is growing at a CAGR of 10.8% during the forecast period. The lubricant vacuum grease has a low volatility. Alcohol, esters, alkalis, and water are all resistant to it. It also protects components and equipment from corrosion and fusing, resulting in less wear. In the domains of biotech, clinical, diagnostic, research, and forensic labs, it is predicted to rise. Vacuum grease is primarily employed as a sealer in this case.

3. Vacuum Grease Market Segment Analysis – Geography : Europe dominated the vacuum grease market in 2021 with more than 45%. The highly developed food processing industries in UK, Germany, and France coupled with continuous investment in the region to advance the automotive and aerospace industries has raised the market growth over the years. In addition, increasing demand for laboratory & industrial equipment in hospitals, educational institutions, and industries, has driven the growth of the vacuum grease industry in European region.

Competitive landscape:

The top 5 players in the Vacuum Grease industry are:

1. The Chemours Company (DuPont)
2. Dow Corning
3. M&I Materials Ltd.
4. Solvay S.A.
5. Castrol Ltd.

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Related Reports:

A. Industrial Lubricants Market
https://www.industryarc.com/Report/15901/industrial-lubricants-market.html

B. Grease Market
https://www.industryarc.com/Research/Grease-Market-Research-503240

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