Grease is a lubricant which often found in semisolid form. Grease lubricants generally contain emulsified soap. Grease is formed by mixing of oil or fluid lubricants with the soap. Soap works as thickeners in the grease lubrication system. Grease is often applied by the grease gun. Soaps such as calcium stearate, sodium stearate, lithium stearate, etc. are used in the formulation of grease. Grease is also formed by inorganic thickeners such as clay and silica. Grease often used as industrial usage in industries such as automotive, general manufacturing, construction & off highways, and others.
MARKET DYNAMICS
The growing demand of grease for high performance lubrication solution in automotive, general manufacturing industries will drive the demand for the grease market. Additionally, the increasing demand of grease for the construction industry applications will further propel the demand growth for the grease market. Predominantly, fluctuating raw material prices and availability of cheaper alternatives of grease may hamper the demand growth for the grease market. However, emergence of bio-based grease will create opportunities for the grease market.
MARKET SCOPE
The "Grease Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the grease market with detailed market segmentation by thickener type, end-use industry and region. The grease market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading grease market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The grease market is segmented on the basis of thickener type, end-use industry. On the basis of thickener type, the grease market is segmented into, metallic soap thickener, non soap thickener, inorganic thickener, others. On the basis of end-use industry, the grease market is segmented into, automotive, construction & off-highways , general manufacturing, steel, mining, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the grease market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Grease market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the grease market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the grease market in these regions.
MARKET PLAYERS
The reports cover key developments in the grease market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from grease market are anticipated to lucrative growth opportunities in the future with the rising demand for grease in the global market. Below mentioned is the list of few companies engaged in the grease market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the grease market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Axel Americas LLC
- BP PLC
- Chevron Corporation
- Exxonmobil Corporation
- Fuchs Petrolub SE
- Idemitsu Kosan Co., Ltd.
- JX Nippon Oil & Energy Corporation
- Royal Dutch Shell PLC
- The DOW Chemical Company
- Total S.A.