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Grease Market by Type, and by End-use Industry - Global Forecasts to 2021

Grease Market: Global Forecasts until 2021

  • May 2016
  • 172 pages
  • ID: 3825777
In this report:
France's nearest trading partner is Germany, which accounts for more than ##% of its exports and ##% of the total imports.
In terms of value, lithium metallic soap thickener is expected to witness the highest growth rate on account of its multiple applications such as wheel bearings, electric motors, wind turbine, rail &roadways, and

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"Need for automotive equipment drives the grease market"

The market size of grease is forecasted to have been ~$2.0B in 2015 and is projected to extend ~$2.3B by 2021, recording a compound annual growth rate (CAGR) of 2.00 percent between 2016 and 2021. The industry is largely driven by the raised demand from end-use markets. Additionally, the increasing demand for the high performance grease for machines drives the sector for grease, globally.

"Metallic soap thickener to be the biggest thickener type in the grease market"

The market demand for metallic soap thickener is influenced by the raised demand from several markets like automotive, construction & off-highways, general manufacturing, steel, mining, and other due to its high mechanical stability and temperature tolerance characteristics. Furthermore, the lithium soap is the most important and quickest-increasing sub-thickener type of grease due to heavy consumption in automotive chassis, wheel bearings, wind turbines, hydraulics, agriculture equipment, and other applications.

"Automotive market to capture the biggest share of the grease market"

In the automotive sector, grease is heavily used in automotive equipment for smooth running of vehicles. It offers mechanical stability, temperature tolerance, water resistance, and anti-oxidant properties. The need for high performance grease is increasing for the growing manufacturing of machines and equipment in end-use sectors.

"APAC forecasted to be the most important and the quickest increasing market during the outlook period"

Asia-Pac is expected to be the biggest and the quickest developing market for grease across the world. The rising disposable income of people and industrial increase in the Asia Pacific (APAC) area led to the growing demand of automobiles. As a result, there has been a consistent increase in number of vehicles in the territory over the past decade, which is ultimately fueling the industry demand for grease in the area. On top of, the presence of the main market actors in the territory drives the grease market in Asia Pacific (APAC).

In the process of finding out and checking the market value for the different segments and subsegments collected by secondary research, extensive primary audit sessions were conducted as follows:

- By Company Type: Tier 1 (37.0 percent), Tier 2 (50.0 percent), and 1/3 3 (13.0 percent).

- By Description: C-suite (50.0 percent), D-level (31.0 percent), and others (19.0 percent)

- By area: North america (NA) (28.0 percent), Europe (33.0 percent), Asia-Pacific (22.0 percent), Latin America (11.0 percent), and Middle East & Africa (6.0 percent)

Different top actors decribed in the study contain Royal Dutch Shell plc, Sinopec Corporation, Fuchs Petrolub SE, BP Plc, Petronas, Idemitsu Kosan Co., Limited, Chevron (NYSE:CVX), Total SA, Exxon Mobil (NYSE:XOM), The Dow Chemical, JX Nippon Oil & Energy Corporation, and others.

This study will help the industry leaders (and new entrants) in the following points:

1. This document breaks down the grease market comprehensively and offers the closest approximations of the revenue for the global market and the sub-segments across several verticals and localities.

2. The market research benefits partners to comprehend the trend of the market and offers them information on main market drivers, market restraints, and alternatives.

3. This industry report will facilitate partners to better find out the competitor and obtain additional insights to enhance their rank in the business sector. The competitive landscape includes business developments, collaboration, strategic agreements, new industry product developments, and acquisitions.

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