Home / Market Analysis / Grease Market by Thickener (Metal Soap, Non-soap Thickener, Inorganic Thickener, Other), by End-user (Heavy Equipment, Power Generation, Automotive & Transportation, Food & Beverage, Chemical Manufacturing, Metal Working & Metallurgy, Other) - Growth, Future Prospects, & Competitive Analysis, 2019 – 2027

Grease Market by Thickener (Metal Soap, Non-soap Thickener, Inorganic Thickener, Other), by End-user (Heavy Equipment, Power Generation, Automotive & Transportation, Food & Beverage, Chemical Manufacturing, Metal Working & Metallurgy, Other) - Growth, Future Prospects, & Competitive Analysis, 2019 – 2027

Published: Apr 2020 | Published By: Acute Market Reports

Key Market Insights

"Increase demand from end-users will spur the market revenue growth"

A grease is a form of semisolid lubricant typically containing vegetable or mineral oil blended soap. Grease is a by-product of the dispersal of a liquid lubricant thickening agent. Depending upon the type of thickener, type of base oil, and the additive technology used, the grease properties differ. Grease is used primarily to reduce friction between two moving surfaces and minimize wear and tear levels. For several purposes, grease is preferred to oils such as wax and acts as a sealant to avert leakage of lubricants and to preserve damaged seals in cases where oil leaks out of the application. Grease thwarts corrosive pollutants and foreign material from entering, the grease-demanding equipment is also simple in design, needs less room, and weights considerably less than similar equipment, as a result of which the overall cost of the equipment for repair and procurement is reduced. Owing to this application and the benefits offered by grease demand for it is bolstering in the end-use industries.

Market Synopsis

Thickener Analysis

"Metal Soap segment to dominate the market throughout the forecast period"

The metal soap thickener segment is estimated to register the fastest-growth throughout the forecast period. This can be associated with its multifunctional properties which makes it suitable for use in various end-use industries including automotive, construction, general manufacturing industries, and chemical manufacturing among others. Metal soap thickener has a high ability to maintain exceptional stability at high temperatures coupled with other complementary properties including shear stability, rust protection, load-bearing, and water resistance.

End-user Analysis

"Automotive & Transportation segment expected to dominate the market during the forecast period"

Automotive is the most popular end-use field on the market for grease. Increasing sales of passenger vehicles and commercial vehicles are boosting the demand for grease in the automotive and transport industries. In the automotive industry, grease has wide applications in various automotive parts, such as universal joints, wheel bearings, levers, gear, suspension, and others, due to its excellent properties including temperature tolerance, mechanical durability, anti-oxidant, and water resistance.

Additionally, grease also plays a major role in the chemical manufacturing segment, and growth in the global chemical industry has a direct impact on the grease market. Grease also has a significant application especially in the metalworking sector, and numerous upcoming projects in the Asia Pacific region are expected to boost the grease demand in this region. The rising adoption of grease over other substitutes in the various end-use industry including automobile, and construction among others is propelling the growth of the grease market across the globe.

Regional Analysis

"Rising urbanization to bolster the growth in the Asia Pacific region"

Asia pacific region anticipated leading the global grease market. The rising demand of the automobile sector coupled with the infrastructural growth and growth of the manufacturing sector in the developing regions including China, India, and Japan among others are driving the growth in the region. The market is expected to register a CAGR of XX% during the forecast period.

The market for grease will hold significant market share in North America owing to the expansion of automobiles as well as the chemical industry in the region. On the contrary, the Middle East and Africa region are expected to witness the fastest growth during the forecast period. Owing to the rapidly developing industrial sector in the region.

List of Companies Covered:

  • Castrol
  • Exxon Mobil
  • Dow Corning Ltd.
  • Chevron Corporation
  • Lukeoil
  • Royal Dutch Shell PLC
  • Sinopec Corporation
  • Balmer Lawrie & Co. Ltd
  • JX Nippon Oil & Energy Corporation
  • Petronas

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  US$ Billion
Segmentation

 Thickener Segment (2017–2027; US$ Bn)
 • Metal Soaps
 • Non-soap Thickener
 • Inorganic Thickener
 • Other

 End-use Segment (2017–2027; US$ Bn)
 • Heavy Equipment
 • Power Generation
 • Automotive & Transportation
 • Food & Beverage
 • Chemical Manufacturing
 • Metal Working & Metallurgy
 • Other

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, Russia, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall Grease market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.

Key questions answered in this report

  • What are the current market trends and dynamics in the beer cans market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2027
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which application segment holds a larger market share and why?
  • Are low and middle-income economies investing in the beer cans market?
  • Which is the largest regional market for beer cans?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • The worldwide market value of the Grease market in 2017 and 2018
  • Which are the key trends driving global beer cans market growth?
  • Who are the leading service providers in the beer cans market worldwide?

TABLE 1 Market Snapshot: Global Grease Market
TABLE 2 Global Grease Market, by Thickener, 2017–2027 (US$ Bn)
TABLE 3 Global Grease Market, by End-user, 2017–2027 (US$ Bn)
TABLE 4 Global Grease Market, by Geography, 2017–2027 (US$ Bn)
TABLE 5 North America Grease Market, by Thickener, 2017–2027 (US$ Bn)
TABLE 6 North America Grease Market, by End-user, 2017–2027 (US$ Bn)
TABLE 7 North America Grease Market, by Country, 2017–2027 (US$ Bn)
TABLE 8 Europe Grease Market, by Thickener, 2017–2027 (US$ Bn)
TABLE 9 Europe Grease Market, by End-user, 2017–2027 (US$ Bn)
TABLE 10 Europe Grease Market, by Country, 2017–2027 (US$ Bn)
TABLE 11 Asia Pacific Grease Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 12 Asia Pacific Grease Market, by Thickener, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific Grease Market, by End-user, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific Grease Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 15 RoW Grease Market, by Thickener, 2017–2027 (US$ Bn)
TABLE 16 RoW Grease Market, by End-user, 2017–2027 (US$ Bn)
TABLE 17 RoW Grease Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 18 Castrol.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 19 Exxon Mobil: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 20 Dow Corning Ltd.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 21 Chevron Corporation.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 22 Lukeoil: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 23 Royal Dutch Shell Plc.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 24 Sinopec Corporation.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 25 Balmer Lawrie & Co. ltd.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 26 JX Nippon Oil & Energy Corporation.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 27 Petronas..: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)

Choose License Type
 
Contact Information
24/7 Research Support
Phone: +1-855-455-8662
sales@acutemarketreports.com
Get in Touch with us
join us on Facebook
Follow us on Twitter
Follow us on LinkedIn
Add us on Google +