Asia Pacific Increasing Dominance in Conductive Grease Market
Bangalore, India: With its recently published study “Conductive Grease Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022”, Infoholic Research forecasts that the global market for conductive grease will continue to increase owing to the increased exposure of different end-user areas, such as electrical & electronics, telecommunications, transportation etc., in the global economy. Conductive grease is a semi-solid lubricant that provides efficient flow of thermal or electrical energy, helps in energy consumption solutions, and creates less CO2 emissions as per the requirement. The material is a part of the modern mechanism, where effective heat storage is needed. The material has major uses in the electrical & electronic industry, where it is applied to surfaces requiring low level of friction with energy transfer.
The increasing modernization in economy expanded the market of various advanced materials, where conductive grease is also creating its path. The increasing market penetration in developing countries would also increase the market potential giving boost to the market growth. This trend is expected to continue during the forecast period 2016–2022, to further improve the conductive grease market at a CAGR of 9.5% and take it to $809.0 million by 2022.
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Currently, Asia Pacific dominates the market for conductive grease owing to the presence of big manufacturing units and growth in the economy. The region is dominating in both value and volume terms, followed by various developed regions. North America and Europe, which have the advantage of developed economy and social awareness among the people, follow Asia Pacific. This dominance trend is expected to continue during the forecast period while the underdeveloped countries are expected to witness higher penetration, thus pushing the conductive grease market.
The thermal conductive grease segment has the advantage of utilization in various end-user industries, and accounts to a major market share than the electrical conductive grease, both in terms of value and volume. The adoption of electrical conductive grease is expected to increase exponentially over the years, generating much higher revenues for the overall conductive grease market in the future.
“Conductive grease is a semi-solid lubricant that provides the opportunity of merging two properties of a lubricant and a conductor into one single product. The material is easy to apply and reduces the overall cost of production. These properties of conductive grease make it useful in the fast-changing economy and enable them to grow rapidly. The growth in electrification and modernization of the electronic world along with the changing automotive industry shall drive the growth of the conductive grease market in the coming years.”– Pooja Kumari, Research Analyst.
Buy complete report on Conductive Grease Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022
The key insights of the report are as follows:
- Global conductive grease market has been analyzed based on the following types:
- Thermal conductive grease
- Electrical conductive grease
- The study constitutes a classification based on the end-user areas:
- Electrical & electronics
- Industry outlook: Market trends, drivers, restraints, and opportunities