Grease Market worth $6.1 billion by 2025 - Exclusive Report by MarketsandMarkets™

CHICAGO, Sept. 14, 2020 /PRNewswire/ -- According to the new market research report "Grease Market by Base Oil (Mineral, Synthetic, Bio-Based), Thickener Type (Metallic Soap, Non-Soap, Inorganic), End-Use Industry (Automotive, Construction, General Manufacturing, Metal, Mining, Food & Beverage, Power) - Global Forecast to 2025", published by MarketsandMarkets™, the Grease Market is projected to reach USD 6.1 billion by 2025, at a CAGR of 2.9% from USD 5.3 billion in 2020. The growth of the grease market is primarily triggered by the rise in automation in various end-use industries. Manufacturing, construction, and mining are some of the industries that use various heavy load equipment, which require regular lubrication. Owing to increasing competition and growing challenges in manual operations, the use of highly updated technology is vital for the growth of all these industries.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88373349

Browse in-depth TOC on "Grease Market"

254 – Market Data Tables
63 – Figures
260 – Pages

View Detailed Table of Content Here:

https://www.marketsandmarkets.com/Market-Reports/grease-market-88373349.html

The improvement in the quality of grease acts as a major driver for the market. Consumers prefer improved quality products primarily due to their extended durability and shelf life, which results in enhanced performance of machinery and equipment. The use of high-quality grease is also cost-saving, as it reduces the frequency of replacing grease. There is a rising demand for higher quality grease in Europe and North America.

Mineral oil is the largest base oil of the grease market.

The mineral oil segment accounted for the largest share of the global grease market in terms of volume in 2019. This is mainly due to its easy availability and low-cost, particularly in the developing regions. The market in the synthetic oil segment is projected to register the highest CAGR in the next five years. This is due to the increasing awareness regarding the benefits of synthetic oil. The need for high-performance base oil to produce grease products is also driving the market in the synthetic oil segment. The use of synthetic grease has increased as it has high drain out intervals. Owing to stringent environmental regulations in Europe and North America, the use of bio-based oil is expected to increase in the next five years.

Automotive is estimated to be the largest end-use industry of the grease market during the forecast period.

The market in this segment is driven by good lubrication, water resistance, high & low-temperature tolerance, oxidation resistance, and shear stability of grease.

Grease is used in the general manufacturing industry to smoothen tools and equipment during the manufacturing operations. The growing construction industry in emerging economies is expected to drive the demand for grease for off-highways application.

Request Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=88373349

APAC is estimated to be the largest market for grease during the forecast period.

APAC is the largest market for grease, followed by Europe and North America. The massive industrial growth in APAC has been fueling the grease market for the past few years, and this is expected to continue over the next five years. Domestic and foreign investments in key sectors, such as energy, manufacturing, and construction, have been consistently growing over the past decade. This is expected to drive the grease market between 2020 and 2025. The increasing population in the region is also fueling the market.

The key market players profiled in the report include as Royal Dutch Shell PLC. (Netherlands), The Chevron Corporation (US), Idemitsu Kosan Co., Ltd. (Japan), Sinopec Corporation (China), BP p.l.c. (UK), Total SA (France), and ExxonMobil Corporation (US), among others.

Browse Adjacent Market: Bulk Chemicals and Inorganics Market Research Report & consulting

Related Reports:

Lubricants Market by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Engine Oil, Hydraulic Fluid, Metalworking Fluid), Application (Transportation and Industrial lubricants), Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/lubricants-market-182046896.html 

Industrial Lubricants Market by Base oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Hydraulic Fluid, Metalworking Fluid), End-use Industry (Construction, Metal & Mining, Power Generation, Food Processing), Region - Global Forecast to 2024

https://www.marketsandmarkets.com/Market-Reports/industrial-lubricants-market-84594070.html 

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/grease-market.asp 
Visit Our Website: https://www.marketsandmarkets.com/ 
Content Source: https://www.marketsandmarkets.com/PressReleases/grease.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg