Wednesday, June 22nd, 2016 - Absolute Reports

“Need for automotive equipment drives the grease market”

The market size of grease is estimated to have been USD 2.04 billion in 2015 and is projected to reach USD 2.28 billion by 2021, registering a CAGR of 2.0% between 2016 and 2021. The market is largely driven by the increased demand from end-use industries. In addition, the rising demand for the high performance grease for machines drives the market for grease, globally.

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“Metallic soap thickener to be the largest thickener type in the grease market”


The demand for metallic soap thickener is driven by the increased demand from various sectors such as automotive, construction & off-highways, general manufacturing, steel, mining, and other due to its high mechanical stability and temperature tolerance characteristics. Moreover, the lithium soap is the largest and fastest-growing sub-thickener type of grease due to heavy consumption in automotive chassis, wheel bearings, wind turbines, hydraulics, agriculture equipment, and other applications.

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“Automotive industry to capture the largest share of the grease market”

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

"Asia-Pacific projected to be the largest and the fastest-growing grease market market during the forecast period”

Asia-Pacific is projected to be the largest and the fastest-growing grease market market for grease across the globe. The increasing disposable income of people and industrial growth in the Asia-Pacific region led to the increasing demand of automobiles. As a result, there has been a consistent rise in number of vehicles in the region over the past decade, which is ultimately fueling the demand for grease in the region. Additionally, the presence of the key market players in the region drives the grease market in Asia-Pacific.

In the process of determining and verifying the market size for the several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted as follows:
• By Company Type: Tier 1 (37%), Tier 2 (50%), and Tier 3 (13%).
• By Designation: C-level (50%), Director Level (31%), and others (19%)
• By Region: North America (28%), Europe (33%), Asia-Pacific (22%), Latin America (11%), and Middle East & Africa (6%)

Various key players profiled in the report include Royal Dutch Shell plc (Netherlands), Sinopec Corporation (Shina), Fuchs Petrolub SE (Germany), BP Plc (U.K.), Petronas (Malaysia), Idemitsu Kosan Co., Ltd. (Japan), Chevron Corporation (U.K.), Total SA (France), Exxon Mobil Corporation (U.S.), The Dow Chemical (U.S.), JX Nippon Oil & Energy Corporation (Japan), and others.

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The grease market report will help the leading players/new entrants in this market in the following ways:
1. grease market segments the grease market comprehensively and provides the closest approximations of the revenue for the overall market and the subsegments across different verticals and regions.
2. grease market helps stakeholders to understand the trend of the market and provides them information on key market drivers, restraints, and opportunities.
3. grease market will help stakeholders to better understand the competitor and gain more insights to improve their position in the business. The competitive landscape includes expansions, collaboration, agreements, new product developments, and acquisitions.

"Our Value Added Services provide you with 10% on demand customization with no additional costs."

 

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Mr. Ameya Pingaley
Absolute Reports
+1-408 520 9750
Email – [email protected]

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Absolute Reports


Absolute Reports is an upscale platform to help key personnel in the business world in planning and executing visionary decisions based on facts and figures derived from in depth market research. The market analysis included in the reports we resell takes into account a multitude of market dynamics and presents highly congruous business intelligence. We are one of the top report resellers in the market, committed towards bestowing an ingenious concoction of data parameters to our buyers. Absolute Reports aims to apprise the market players of all levels with an accurate and concise amalgamation of vital market data which will facilitate their dominance in the industry.


Ameya Pingaley
P: +1-408 520 9750
W: www.absolutereports.com

Keywords

Grease Market, Grease Industry, Grease Market Overview

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