DUBLIN, Dec. 01, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/cbx68s/vacuum_grease) has announced the addition of the "Vacuum Grease Market by Type, by Application, by Region - Global Forecast to 2020" report to their offering.
The global vacuum grease market was valued at USD 117.8 million in 2014, and is expected to reach USD 229.7 million by 2020, at a CAGR of 11.3% between 2015 and 2020.
The vacuum grease market size is estimated to reach 64.8 thousand tons by 2020, signifying a CAGR of 5.3% between 2015 and 2020.
The global vacuum grease market, along with its applications, showed a high growth in the past few years and is estimated to continue in coming years. Increase in the demand from laboratory & industrial equipment and food processing applications will be the key influencing factors for the global vacuum grease market. The laboratory & industrial equipment sector accounted for 66.8% share of the market in 2014. The second-largest application segment is the food processing sector with a share of 18.2% in terms of value.
Currently, Europe is the largest consumer of vacuum grease and is estimated to grow at the CAGR 11.9%, in terms of value, during the forecast period. Countries such as the U.K., France, and Germany are expected to lead the European vacuum grease market, with the U.K. having the largest share in the regional volumetric consumption of vacuum grease. This high consumption volume can be attributed to the rising demand of vacuum grease in the laboratory & industrial equipment segment. The vacuum grease market in Asia-Pacific is expected to register the fastest CAGR of 12.0%. China and India will consume more vacuum grease as the laboratory & industrial equipment market is expected to grow owing to the outsourcing of research projects in these countries.
North America is the most active market in terms of strategic initiatives. It is the second-largest regional segment with the U.S. and Canada driving the vacuum grease market. The laboratory & industrial equipment application has led to rapid growth in this regional market. The demand for vacuum grease by laboratories in the field of chemistry, biotechnology, genetic engineering, and pharmacology is expected to increase in this region in coming years.
Scope of the Report:
The global vacuum grease market has been covered in detail in this report. In order to provide an all-around picture, the current market demand and forecasts have also been included. The market is segmented as follows:
On the Basis of Application:
On the Basis of Type:
On the Basis of Region:
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Vacuum Grease Market, By Type
8 Vacuum Grease Market, By Application
9 Vacuum Grease Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/cbx68s/vacuum_grease
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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