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Energy Industry News Releases

Grease Market worth 2.28 Billion USD by 2021

 



(EnergyIndustry.Net, February 06, 2020 ) The report "Grease Market by Type (Metallic Soap Thickener, Non-Soap Thickener, Inorganic Thickener, and Others), and by End-use Industry (automotive, construction & off-highways, general manufacturing, steel, mining, and other) - Global Forecasts to 2021", is estimated at 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 the automotive industry. Grease is highly used in the automotive industry for wheel bearings, universal joints, suspensions, gears, and connectors.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88373349

“Passenger vehicles and commercial vehicles of automotive industry drive the grease market”

Automotive is the largest and fastest-growing end-use industry for grease. The passenger vehicles and commercial vehicles are driving the demand for high performance grease in the automotive industry. In the automotive industry, grease is extensively used in various auto parts such as wheel bearings, universal joints, suspensions, gears, switches, and connectors because of their excellent properties such as mechanical stability, temperature tolerance, water resistance, and anti-oxidants. The need for high performance grease is rising in the increasing manufacturing of machines and equipment for end-use industries.

“Metallic soap thickener expected to witness the highest growth”

Metallic soap thickener is expected to witness the fastest-growth during the forecast period. This is because of its multifunctional properties that make it suitable to be used in automotive, construction & off-highways, general manufacturing industries. Metallic soap thickener has higher capability of maintaining excellent stability at higher temperature along with other favorable properties such as load bearing, water resistance, shear stability, and rust protection.

Don't miss out on business opportunities in Grease Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=88373349

Browse in-depth TOC on "Grease Market”
110 – Market Data Tables
49 - Figures
185 - Pages

“Asia-Pacific is the key market for grease”

Asia-Pacific dominated the global grease market in 2015. The demand for grease in the Asia-Pacific region is mainly driven by China, India, Japan, and Thailand. The growing automotive industry coupled with the increased demand from the construction segment drives the market for grease in the region. Moreover, the heavy investment and growing infrastructure are increasing the demand for grease in the region.

Royal Dutch Shell plc (Netherlands), Sinopec Corporation (Shina), Fuchs Petrolub SE (Germany), BP Plc (U.K.), Petronas (Malaysia), and Exxon Mobil Corporation (U.S.) are some of the major players in the global grease market profiled in this report.

Get this report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=88373349

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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Mr. Shelly Singh

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raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

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