According to a market report by Lucintel, the future of the vacuum grease market looks promising with opportunities in the laboratory & industrial, equipment, food processing, pharmaceuticals and aerospace/aviation applications. The vacuum grease market is expected to grow with a CAGR of 11% from 2019 to 2024. The major growth drivers for this market are strong growth in the laboratory equipment industry in Europe and North America and growth in the food processing industry in the developing regions.
To download report brochure, please go to https://www.lucintel.com/global-vacuum-grease-market.aspx and click "report brochure" tab from the menu .
In this market, fluorocarbon-based vacuum grease, hydrocarbon-based vacuum grease, and silicone-based vacuum grease are the major product type of the vacuum grease market. Silicon-based vaccum grease is the largest product type.
Within the vacuum grease market, laboratory & industrial, equipment, food processing, pharmaceuticals, and aerospace/aviation are the major applications. Laboratory and food processing is the largest application segment for vacuum grease.
APAC will remain the largest market over the forecast period due to high precision machines in the manufacturing industry.
Dow Corning, The Chemours Company, M&I Materials Limited, Solvay S.A., Castrol Ltd., Kluber Lubrication, Fuchs Lubritech Gmbh, Inland Vacuum Industries Inc., Ulvac Technologies Inc., Santolubes LLC, Supervac Industries, MPT industries are among the major manufacturers of vacuum grease.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the vacuum grease market by product type, application, and region. Lucintel has prepared a comprehensive research report entitled "Vacuum Grease Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the vacuum grease market by product type, application, and region as follows:
By Product Type [$M shipment analysis for 2019 – 2024]:
Silicon based vacuum grease
Hydrocarbon based vacuum grease
Fluorocarbon based vacuum grease
By Application [$M shipment analysis for 2019 – 2024]:
Laboratory and Industrial
Equipment
Food Processing
Aerospace/Aviation
Pharmaceuticals
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/global-vacuum-grease-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.