Grease is a semi solid lubricant and it usually consists of a soap emulsified with water or some other vegetable oils and possesses high viscosity when compared with oils. Vacuum grease is a lubricant with low volatility and is used for applications in low pressure environments. Vacuum grease helps to provide protection from corrosion and fusing. Vacuum grease is used in various sectors such as automotive, pharmaceutical, food processing, etc.

The global vacuum grease market report has been segmented on the basis of type, application, and region. On the basis of type, the market is segmented into silicone vacuum grease, fluorocarbon vacuum grease, and hydrocarbon vacuum grease. Silicone vacuum grease segment is expected to account for largest CAGR in terms of revenue over the forecast period, owing to increasing preference of silicone based grease for lubrication of laboratory equipment.

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On the basis of application, the vacuum grease market is segmented into food processing, laboratory equipment, automotive and aerospace, pharmaceutical, and others. Laboratory equipment application segment is expected to account for highest CAGR over the forecast period.

Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to register highest CAGR in terms of revenue, owing to rising adoption of vacuum grease in various industrial applications in developing countries such as India and China in the region. The market in Europe is estimated to be second-highest share in the market in terms of revenue over the forecast period, owing to development of innovative technologies and products in various countries in this region.

Key players operating in the global vacuum grease market include Dow Corning Corporation, Inland Vacuum Industries, Inc., Solvay SA, Santolubes LLC, Castrol Limited, The Chemours Company, M&I Materials Ltd., Supervac Industries, Klüber Lubrication München SE & Co. KG, and ULVAC Technologies, Inc.