Global High Temperature Grease Market
By Product (Lubricant, Non-soap thickener, Soap Thickener), Application (Industrial, Automotive) and Regional Market Size, Status and Forecast to 2025
The global High Temperature Grease market was valued at USD 20.48 billion in 2016 and is projected to reach USD 32.19 billion by 2025, growing at a CAGR of 5.1% from 2017 to 2025.
Grease is a lubricating material which has been used in a wide variety of application. The demand for high temperature grease is majorly governed by the demand in end-use industries. The demand is expected to be high in Asia Pacific which is witnessing increase in demand for automobiles.
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1. Market Drivers
1.1 Rising demand for automotive in Asia Pacific
1.2 Increasing demand for lithium complex soap thickener
2. Market Restraints
2.1 Stagnant demand in North America and Europe
The global High Temperature Grease market is segmented on the product, application, and region.
1. By Product:
1.1 Soap thickener
1.1.1 Calcium Sulphonate
1.1.2 Aluminum Complex
1.1.3 Lithium Complex
1.2 Non Soap Thickener
1.3 High Temperature Lubricants
2. By Application:
2.2.1 Passenger Vehicle
2.2.2 Commercial Vehicle
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. DOW Chemical Company
2. Royal Dutch Shell PLC
3. Exxonmobil Corporation
4. Total SA
5. Fuchs Petolub SE
6. Sinopec Limited
7. EI Du Pont De Nemours and Co.
8. Chevron Corporation
9. Lubrizol Corporation
11. BP PLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the High Temperature Grease market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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