Vacuum greases are lubricants with low volatility, which is important to prevent evaporation and to provide lubrication in low pressure environments. These greases are used to fasten joints of equipment in vacuum systems. They are used as a sealant, as well as lubricant, in “O” ring sealed systems to reduce external forces on ring material. Silicone grease, hydrocarbon grease, and fluorocarbon greases are the three major types of vacuum greases. Food processing, automotive and aerospace, pharmaceuticals, and laboratory equipment are the major application areas.
Automotive and Aerospace: The Largest Application Segment
Automobile and aerospace industry witnessed strongest demand for vacuum greases in the past. Rising investments and production capacities of automotive industries, particularly in Asia Pacific and Europe, is anticipated to continue driving demand from this sector in the forthcoming years. In addition, a number of companies manufacturing vacuum solutions for automobile industry are located in Asia Pacific as the automobile industry is growing rapidly, especially in China and India. This factor is projected to spur overall product demand in near future.
Laboratory equipment are also expected to witness a substantial growth during the next few years due to innovations and novel product launches. For instance, M&I Materials recently added a new product called PFPE 501 into their range of high vacuum greases, Apiezon. The new product is chemically inert and high temperature and pressure lubricant. It can be used for lubricating and sealing even under the most extreme operating environments. Reduced equipment downtime, extended lifespan, and lifetime lubrication are some of the major benefits of this product.
Market Overview
A new research report by Grand View Research, Inc.; predicts that the global vacuum grease market would reach USD 155.9 million by 2025. It is anticipated to expand at a CAGR of 6.0% during the forecast years (2018 to 2025). This rapid growth can be attributed to rising demand from various industries such as aerospace and food processing as a result of wide acceptance of these greases as safe sealants. Solvay SA; Dow Corning Corp.; and The Chemours Co. are some of the pioneers in the global market.
In-Depth Research Report On Vacuum Grease Market:
https://www.grandviewresearch.com/industry-analysis/vacuum-grease-market
No comments:
Post a Comment