Grease Market is Growing Exponentially in Order to Gain More Demand by 2021


Posted December 13, 2019 by armaan007

Grease Market expected to stand at 2.28 Billion USD by 2021, at a CAGR of 2.0%, between 2016–2021

 
[186 Pages Report] The "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", published by MarketsandMarkets, The market 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.

Request for PDF 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.

https://www.prnewswire.com/in/news-releases/grease-market-worth-228-billion-usd-by-2021-577781651.html

"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 for Grease Market in the region. Moreover, the heavy investment and growing infrastructure are increasing the demand for grease in the region.

Key players profiled in this report include Royal Dutch Shell plc (Netherlands), Exxon Mobil Corporation (U.S.), Sinopec Limited (China), Total S.A. (France), Chevron Corporation (U.S.), Fuchs Petrolub AG (Germany), and others.

Early buyers will receive 10% free customization on this report.

Don't miss out on business opportunities in Grease Market.

Read our blog for more details: https://chemabd007.blogspot.com/2019/05/grease-market-is-expected-to-witness.html

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

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Issued By Markets And Markets
Country India
Categories Automotive , Construction , Industry
Tags grease , grease companies , grease industry , grease manufacturers , grease market , grease market size
Last Updated December 13, 2019