Grease is defined as a semi-solid compound formed by the deposition of thickening agent in the liquid lubricant. It is a chemical combination of thickener, oil, and additives. The behavior of grease is majorly defined by the composition of base oil & additives in the formulations. Additives in the grease are used to enhance desirable properties, suppress undesirable properties, or to add new properties to increase its working efficiency. Grease facilitates various excellent properties such as water resistance, lubrication to the moving surface under gravity, pressure, or centrifugal action. It also prevents contamination, any wear tear loss, and reduces noise and power consumption. Grease is used by various end user industries such as mining, general manufacturing, automotive, construction, railways, and others.
The grease market is a moderately growing market driven by the growth in the end user industries such as automotive and other industrial sectors. Asia-Pacific lead the squalene market followed by North America and Europe due to the augment demand from the end users and high expenditure in strategic developments such as R&D activities and expansion in the Asia-Pacific region. The major factor that drives the grease market is the increased demand of metallic soap thickener from the end users, rapid growth in the automotive industries, and technological improvements in the quality of grease. Developments in the application of grease in other sectors availing improved efficiency can be a growth opportunity for the grease market in the forecast period. However, factors such fluctuation in exchange rates, development of self-lubricating equipment, and unfavorable availability of raw materials are expected to restrain the market growth during the forecast period.
The report segments the grease market on the basis of thickener type, end users, and geography. On the basis of thickener type, the market is divided into metallic-soap, non-soap, inorganic, and others. Based on the end user the report is bifurcated as automotive, construction & off-highways, general manufacturing, steel, mining, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players such as Royal Dutch Shell PLC, Chevron Corporation, Idemitsu Kosan Co., Ltd., Sinopec Corporation, Total S.A., Fuchs Petrolub SE, Exxonmobil Corporation, Petroliam Nasional Berhad (Petronas), BP PLC, The DOW Chemical Company, JX Nippon Oil & Energy Corporation, etc., are also provided in this report.
KEY BENEFITS FOR STAKEHOLDERS:
This report provides an extensive analysis of the current and emerging market trends and dynamics in the global grease market.
In-depth analysis is conducted by constructing market estimations for the key market segments between 2014 and 2022.
Geographically, the grease market is analyzed for regions such as North America, Europe, Asia-Pacific, and LAMEA along with analysis of major countries in each region.
Competitive intelligence (of leading manufacturers and distributors of grease) interprets the competitive scenario across the geographies.
Comprehensive analysis of factors that drive and restrict the growth of the global grease market is provided.
Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
Key market players are profiled and their strategies are analyzed thoroughly, which help understand the competitive outlook of grease market.
KEY MARKET SEGMENTS:
By Thickener Type
By End User
Construction & Off-Highways
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA