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Exclusive Report on Grease Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

Grease

The “Grease Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Grease market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Grease market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The market for grease is expected to register a CAGR of 2.15% during the forecast period of 2019 – 2024. Major factors driving the market studied are the growing manufacturing sector in the Asia-Pacific region and the industrial growth in Middle East & Africa. However, high prices of synthetic greases is expected to hinder the growth of the grease market.
  • – Automotive and the transportation industry was found to be the dominating end-user industry for grease in 2018. Whereas, consumption of grease in chemical manufacturing is expected to register the highest CAGR through the forecast period.
  • – Numerous upcoming construction projects in North America and Asia-Pacific regions are likely to act as an opportunity in the future.
  • – Asia-Pacific dominated the grease market followed by North America and Europe across the globe with the largest consumption from countries, such as China, India, United States, and Germany, among others.<

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    In Grease Market Report, Following Companies Are Covered:

  • Axel Christiernsson
  • BECHEM Lubrication Technology, LLC
  • Calumet Branded Products, LLC
  • BP Plc (Castrol)
  • Chevron Corporation
  • ETS
  • Exxon Mobil Corporation
  • FUCHS
  • Gazpromneft
  • Lubricants, Ltd.
  • JXTG Nippon Oil & Energy Corporation
  • Kluber Lubrication
  • Jiangsu Lopal Tech Co. Ltd
  • Lukoil
  • Orlen Oil
  • Penrite Oil
  • Petromin
  • Petroliam Nasional Berhad (PETRONAS)
  • Suncor Energy Inc (Petro
  • Canada)
  • Royal Dutch Shell Plc
  • China Petrochemical Corporation (Sinopec)
  • SKF
  • Total SA

    Grease Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • This report studies the global Grease market size, industry status and forecast, competition landscape and growth opportunity.

    Reasons for Buying Grease Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Growing Usage of High Performance Greases

    – High-performance lubricants, also known as synthetic lubricants, are gaining popularity due to their excellent properties over mineral oil lubricants. The synthetic lubricant segment is constantly gaining market share and is projected to be the fastest growing segment during the forecast period.
    – Synthetic lubricants offer better and improved properties, in comparison to mineral lubricants, such as low-traction coefficient to reduce power consumption, reduce gear wear, increased service life, and reduced flammability to increase safety, among many others.
    – This, in turn, makes them most suited for extreme high-temperature applications, and other complex and specific applications (such as heavily loaded gearboxes, etc).
    – Currently, the synthetic lubricants segment is the fastest growing, in terms of base stock type. Regarding consumption, Europe is the largest market for synthetic and semi-synthetic lubricants, worldwide.
    – Additionally, with the improving financial status of the middle-class consumers, the demand for high-end automobiles is growing in Asia-Pacific, thus, boosting the demand for high-performance lubricants in the region, consequently, making Asia-Pacific the largest market for synthetic lubricants in the coming years.
    – The demand for high-performance lubricants is also increasing rapidly from the industrial sector. The properties of these lubricants, of reducing friction and wear, resistance to caustic chemicals, oxygen compatibility, longevity, and extended lubrication intervals, have led to the increase in their demand.
    – The aforementioned factors are driving the market for grease globally.

    Asia-Pacific to Dominate the Market

    Asia-Pacific was found to be the major market for the consumption of grease followed by North America and Europe. China, India, and Indonesia are expected to be leading countries witnessing strong demand for grease consumption during the forecast period. Asia-Pacific has been a potential region for the growth in automotive production and sales, with countries, such as China, India, Indonesia, and Malaysia exhibiting constant growth rates in 2018. However, there was a decline in automotive production in China (a major automotive producer in the region) in 2018. Other end-user industries, such as construction and manufacturing are growing, with increasing investments in ASEAN countries, which is further contributing to the growth of the lubricants consumption as a whole and grease in particular, in the region. The aforementioned factors are contributing to the increasing demand for grease consumption in the region during the forecast period.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Grease create from those of established entities?

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    Detailed TOC of Grease Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Increasing Manufacturing Sector in Asia-Pacific
    4.1.2 Growing Usage of High-performance Greases
    4.1.3 Industrial Growth in Middle East & Africa
    4.2 Restraints
    4.2.1 High Prices of Synthetic Greases
    4.3 Industry Value-Chain Analysis
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Thickeners
    5.1.1 Metal Soaps
    5.1.2 Other Thickeners
    5.2 End-user Industry
    5.2.1 Power Generation
    5.2.2 Automotive and Other Transportation
    5.2.3 Heavy Equipment
    5.2.4 Food and Beverage
    5.2.5 Metallurgy and Metal Working
    5.2.6 Chemical Manufacturing
    5.2.7 Other End-user Industries
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.1.1 China
    5.3.1.2 India
    5.3.1.3 Japan
    5.3.1.4 South Korea
    5.3.1.5 Philippines
    5.3.1.6 Indonesia
    5.3.1.7 Malaysia
    5.3.1.8 Thailand
    5.3.1.9 Vietnam
    5.3.1.10 Rest of Asia-Pacific
    5.3.2 North America
    5.3.2.1 United States
    5.3.2.2 Canada
    5.3.2.3 Rest of North America
    5.3.3 Europe
    5.3.3.1 Germany
    5.3.3.2 United Kingdom
    5.3.3.3 Italy
    5.3.3.4 France
    5.3.3.5 Russia
    5.3.3.6 Turkey
    5.3.3.7 Spain
    5.3.3.8 Rest of Europe
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Columbia
    5.3.4.4 Chile
    5.3.4.5 Rest of South America
    5.3.5 Middle East
    5.3.5.1 Saudi Arabia
    5.3.5.2 Iran
    5.3.5.3 Iraq
    5.3.5.4 UAE
    5.3.5.5 Kuwait
    5.3.5.6 Rest of Middle East
    5.3.6 Africa
    5.3.6.1 Egypt
    5.3.6.2 South Africa
    5.3.6.3 Nigeria
    5.3.6.4 Algeria
    5.3.6.5 Morocco
    5.3.6.6 Rest of Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Axel Christiernsson
    6.4.2 BECHEM Lubrication Technology, LLC
    6.4.3 Calumet Branded Products, LLC
    6.4.4 BP Plc (Castrol)
    6.4.5 Chevron Corporation
    6.4.6 ETS
    6.4.7 Exxon Mobil Corporation
    6.4.8 FUCHS
    6.4.9 Gazpromneft – Lubricants, Ltd.
    6.4.10 JXTG Nippon Oil & Energy Corporation
    6.4.11 Kluber Lubrication
    6.4.12 Jiangsu Lopal Tech Co. Ltd
    6.4.13 Lukoil
    6.4.14 Orlen Oil
    6.4.15 Penrite Oil
    6.4.16 Petromin
    6.4.17 Petroliam Nasional Berhad (PETRONAS)
    6.4.18 Suncor Energy Inc (Petro-Canada)
    6.4.19 Royal Dutch Shell Plc
    6.4.20 China Petrochemical Corporation (Sinopec)
    6.4.21 SKF
    6.4.22 Total SA

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Numerous Upcoming Construction Projects in North America and APAC

     

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