The Grease Market Report 2019-2023 focuses on the global Grease status, future forecast, growth opportunity, key market, and key players.
The Grease Market report studies the global market size of Grease in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Grease in these regions. This research report categorizes the global Grease market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Grease include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- Axel ChristiernssonBechemBel-Ray Company
- LLCCastrolChevronCNPCDow CorningETS AustraliaExxon Mobil Corp.FUCHSGazpromneft – Lubricants
- LtdJX Nippon Oil & Energy Co.
- KlÃ¼ber Lubrication.LopalLukoilOrlen OilPenrite OilPetromin CorporationPetronasPetroCanadaShellSinopecSKFTotal SA
Overview of Grease Market Research Report 2019-2023:-
The global grease market is expected to grow at a CAGR of 2.13% during the forecast period, 2019-2023. The major factors driving the growth of the grease market are the increasing automotive production in Europe and Asia-Pacific along with the booming manufacturing activities in Asia-Pacific region.
Grease is a semi-solid lubricant. Industrial and automotive greases are its primary categories. It is a mixture of a fluid lubricant (usually petroleum oil) and a thickener (soap) dispersed in the oil. The base oil (petroleum oil) can even be pre-used lubricant. Thickener plays an important role in the mixture as a sponge that holds the lubricant oil. Soap thickeners are produced by the reaction between metallic hydroxide or an alkali with a fat/fatty acid or ester. The different types of soaps used in this production are calcium soap, aluminum soap, lithium soap and sodium soap. Sodium soaps are stable at high temperatures while lithium ones are resistant to both heat and moisture.
Robust Demand from Specialized Applications
The manufacturing and other industrial activities are consistently increasing across the world, which in turn is increasing the demand for grease in related industries, such as mining and automotive. The present-day businesses, owing to the growing competition, are pushing their industrial, manufacturing and mining equipment to their limits; the equipment and machines are operating in extreme work conditions and temperatures. As a result, the end-user industries have started using advanced or high-performance greases to maintain the efficiency and performance of the machinery.
Several types of greases are proven to be in-efficient in machines that are subjected to extreme working conditions. For instance, ~ 50% of all bearing failures are related to lubrication. The bearing areas demand the use of specifically-designed, advanced greases, which does not hamper the machine performance. With the rise in running speed and operating time of the equipment, the demand for and usage of advanced greases is continuously increasing.
Asia-Pacific leading the Demand
Asia-Pacific is the largest market in terms of demand for greases, with over 40% of the global share in 2017. China, India and Indonesia are expected to be leading countries witnessing strong demand for grease consumption during the forecast period. Asia-Pacific has been a potential region for the growth in the automotive production and sales, with countries such as China and India exhibiting constant growth rates since the past few years. Other end-user industries such as construction, manufacturing are growing, with increasing investments in ASEAN countries, which is further contributing to the growth of the lubricants consumption as a whole and grease in particular, in the region.
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Reason to purchase this ReportCurrent and future of the global grease market in the developed and emerging marketsAnalyzing various perspectives of the market with the help of Porterâs five forces analysisThe segment that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players3 months analyst support, along with the Market Estimate sheet (in excel).
Key questions answered in the Grease Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Grease market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Grease Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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