What is Grease Market?
Grease is a thick and oily lubricant consisting of inedible lard, the rendered fat of waste animal parts or a petroleum derived or synthetic oil containing agent. Grease has the high initial viscosity. Grease has properties such as water resistance, lubrication to the moving surface under gravity, pressure, or centrifugal action. It also helps to prevent contamination, any wear tear loss and reduces noise and power consumption. Increasing product application scope in industries such as wind turbines will drive the market in coming years.
|Unit||Value (USD Million)|
|Key Companies Profiled||Royal Dutch Shell plc. (Netherlands), Exxon Mobil Corporation (United States), Harrison Manufacturing Co. PTY Ltd (Australia), Sinopec Limited (China), Total S.A. (France), IKV lubricants (Germany), Chemtool Incorporated (United States), Axel Americas LLC (United States), Chevron Corporation (United States) and Fuchs Petrolub AG (Germany)|
The market study is being classified, by Application (Automotive, Construction and Off-Highways, General Manufacturing, Steel, Mining and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Grease market throughout the forecasted period. Royal Dutch Shell plc. (Netherlands), Exxon Mobil Corporation (United States), Harrison Manufacturing Co. PTY Ltd (Australia), Sinopec Limited (China), Total S.A. (France), IKV lubricants (Germany), Chemtool Incorporated (United States), Axel Americas LLC (United States), Chevron Corporation (United States) and Fuchs Petrolub AG (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Bel-Ray Company (United States), Citgo Petroleum Corporation (United States), Balmer Lawrie & Co. Ltd. (India) and Lubri-Lab Inc. (Canada).
Analyst at AMA Research have segmented the market study of Global Grease market by Type, Application and Region.
On the basis of geography, the market of Grease has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growth in Automotive Industry
- Widely Used In Several Type of Application
- Water Resistant Property
- Trend of Bio-Based Grease Use
- High Cost of the Synthetic Greases
- Fluctuations in the Raw Material
- Growing Usage of High Performance Greases
- Increasing Applications in Various Industries
- Weak Demand in Europe and North America
- Strict Environmental Regulations
Market Leaders and some development strategies
On 26th March 2018, AXEL Christiernsson acquired Royal Mfg. Co, LP. The business will now be carried forward as AXEL Royal LLC, a subsidiary of AXEL Americas LLC, building on the heritage of Royal Mfg. Co, LP as a well-established supplier of lubricating greases and lubes in the US market and abroad.
Key Target AudienceGrease Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user