Grease Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024

Report Code: CMR 42573 Report Format: PDF + Excel (Delivery in 48 Hrs)
Overview

Grease Market is forecast to reach $2.4 billion by 2025, after growing at a CAGR of 2.15% during 2020-2025. The factors that boost the growth of the industrial grease market include their extensive use in different types of industrial applications and the technological advances that result in more efficient, refined products. The higher emphasis on quality is a major factor that accelerates the revenue growth of the industrial grease market. On the other side, manufacturing greases of higher quality are appealing and achieve a great deal of momentum on the market. Such high-quality industrial greases are also extremely stable, last longer and work more effectively.

Key Takeaways
  • In 2019, the automotive and transportation industries were found to be the dominant grease end-user industry. Whereas in chemical manufacturing the consumption of grease is expected to record the highest CAGR over the forecast period.
  • Recent development and new construction projects are likely to act as a catalyst in the future in North America and Asia-Pacific areas.
  • Asia-Pacific led the grease industry followed by North America and Europe worldwide with, among others, the highest demand from countries like the U.S, China, India, and Germany.
By Thickeners- Segment Analysis

During the forecast period, metal soap thickener is expected to see the fastest growth. This is attributed to its multifunctional properties which make it suitable for use in the general manufacturing industries of automobile, building & off-highways.In addition to other desirable properties such as load bearing, shear strength, water resistance and corrosion safety, metal soap thickener has better ability to maintain outstanding consistency at higher temperatures.

By End User - Segment Analysis

In 2019, automotive and other transport is the biggest and fastest-growing end-use grease market. In the automotive industry, passenger vehicles and commercial vehicles power the demand for high-performance grease.Grease is commonly used in the automotive industry for numerous auto parts such as wheel bearings, springs, universal joints, axes, cables, and switches owing to its outstanding properties such as heat sensitivity, structural strength, antioxidants, and water resistance.

Geography- Segment Analysis

Asia-Pacific leads the consumption-driven grease industry in 2019, led by North America and Europe. During the forecast period, China, India and Indonesia are predicted to be leading countries with strong demand for grease.Asia-Pacific has been a promising area for automotive manufacturing and sales growth, with countries like China, India, Indonesia, and Malaysia displaying steady growth levels in 2019. In 2019, however, car demand in China (a major manufacturer of vehicles in the region) declined.Certain end-user sectors, such as construction and manufacturing, are rising with that investments in ASEAN countries, further leading to the development of lubricants use as a whole and grease in the region in general.

Drivers –Grease Market
  • The growing development in automotive industry and the production of EVs and Hybrid vehicles leads the market growth.
Electric Vehicles (EVs) and hybrids (HEVs), is expected to become more common in the future. The motor bearings used in EVs and HEVs require grease lubrication. Grease lubrication has also been adopted for large motors with relatively low speeds.As a semi-solid, grease does not require liquid sealing and circulation mechanisms such as oil lubricants, giving it an advantage in terms of reducing a vehicle's size and weight. As a result, manufacturers seek to expand the applicable range of grease lubricants and develop greases that can be used with high-speed motors as well as low-torque technologies. The growing technologies and the development of high speed motors in electric vehicles lead the market growth.

Challenges – Grease Market
  • Lacks of standards, characteristics, and testing methods on grease is constraining the market growth.
Identifying issues with lubricants can often be a difficult task.The underlying cause of an issue may not be apparent even with mineral oils or chemical liquids where oil testing is popular and widely used.The picture becomes even cloudier and more complicated by matching greases. Some greases have basic characteristics that can be used to contrast with each other.The issues become even more complex with in-service oil. Very little research is conducted on in-service grease to assess how the material can hold up or whether the device will rust prematurely. There are ways to incorporate grease testing into a preventive maintenance system, but the findings of the test are far from standardized and more difficult to interpret.The low speed in R&D testing and developments is constraining the growth of grease in the world of lubricants which overall reduce the market growth.

Market Landscape

Technology launches,acquisitions and R&D activities are key strategies adopted by players in the Grease market. In 2019, the market of Greasehas been consolidated by the top five players accounting for xx% of the share. Major players in the Grease Market areCastrol, Exxon Mobil, Dow Corning Ltd., Chevron Corporation, Lukeoil, Royal Dutch Shell PLC, Sinopec Corporation, Balmer Lawrie & Co. Ltd, and Petronas. Other major players influencing the global market are Idemitsu Kosan Co., Ltd., Citgo Petroleum Corporation, and Harrison Manufacturing Co. PTY Ltd.,among others.
1. Grease Market - Overview
        1.1 Definitions and Scope
2. Grease Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Grease Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Grease Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Grease Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Grease Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Grease Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Grease Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Grease Market - By Thickeners(Market Size -$Million / $Billion)
9.1 Metal Soaps
9.2 Others
10. Grease Market - By End-User Industry(Market Size -$Million / $Billion)
10.1 Power Generation
10.2 Automotive & Other trans.
10.3 Heavy Equipment
10.4 Food & Beverage
10.5 Metallurgy & Metal Working
10.6 Chemical Manufacturing
10.7 Others
11. Grease- By Geography (Market Size -$Million / $Billion)
        11.1 Grease Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Grease- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Grease- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Grease - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Grease - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Grease Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Grease Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Grease Market - Key Company List by Country Premium
15. Grease Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Axel Christiernsson
        15.3 Bechem
        15.4 Bel-Ray Company, Llc
        15.5 Brugarolas, Sa
        15.6 Castrol
        15.7 Chevron
        15.8 Condat Lubrifiants
        15.9 Dow Corning
        15.10 Exxon Mobil Corp
        15.11 Fuchs
        15.12 Gazpromneft-Lubricants, Ltd
        15.13 Jx Nippon Oil Energy Co
        15.14 Kluber Lubrication
        15.15 Lukoil
        15.16 Orlen Oil
        15.17 Petrol Ofisi
        15.18 Petronas
        15.19 Royal Dutch Shell
        15.20 Skf
        15.21 Total Sa
        15.22 Company 21
        15.23 Company 22 & More
*Financials would be provided on a best efforts basis for private companies
16. Grease Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Grease Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

List of Tables

1 US Grease Market Size 2018
2 Canada Grease Market Share 2018
3 Brazil Grease Market Outlook 2019 - 2023
4 Mexico Grease Market Research 2018
5 Germany Grease Market Trends 2019 - 2023 
6 France Grease Market Growth 2019 - 2023 
7 UK Grease Market Demand 2019 - 2023 
8 Italy Grease Market Segmentation 2018
9 Russia Grease Market Analysis 2019 - 2023
10 China Grease Market Revenue 2019 - 2023
11 Japan Grease Market Volume 2019 - 2023
12 South Korea Grease Market Potential 2019 - 2023
13 India Grease Market Leaders 2018
14 Saudi Arabia Grease Market Forecast 2019 - 2023 
15 Kuwait Grease Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link