Grease market PDF, Size, Share, Trends, Industry Scope 2022-2027

1. Global Grease Market Research Report and Forecast 2022-2027 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Grease Market Outlook 2027: The latest report by IMARC Group, titled “Grease Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global grease market size reached US$ 3.50 Billion in 2021. Grease is a semi-solid lubricant that provides protection to vehicles, vessels, machines, and their components from corrosion, and wear and tear. It contains performance-enhancing additives, petroleum-derived or synthetic oil, lubricating fluids, and thickeners. It also assists in maintaining flexibility, protecting bearing surfaces, enhancing stop-start performance, and reducing friction. Moreover, grease is used as an effective alternative for liquid lubricants due to its high viscosity. Owing to these properties, it finds extensive applications across chemical manufacturing, automotive, power generation, metallurgy, and food and beverage industries. Request for a free sample: https://www.imarcgroup.com/grease-market/requestsample

4. Report Description and Highlights Report Description Global Grease Market Trends: The market is primarily driven by the expanding automotive industry as grease is widely used to lubricate ball joints, tie-rod ends, suspension, chassis, control arm-shafts and U-joints in vehicles. In addition, the escalating demand for high-performance vehicles represents another major growth- inducing factor. Besides this, due to its stability and temperature tolerance properties, grease is widely utilized to protect auto parts, such as switches, connectors, wheel bearings and gears from corrosion and wear and tear. This, coupled with various product innovations, including the introduction of bio-based and environment-friendly grease manufactured using renewable and non-toxic materials, is positively influencing the market growth. Moreover, the market is further propelled by the extensive utilization of high-performance grease in wind power plants to remove residue and ensure cleaner operations. Furthermore, governments of numerous countries are undertaking initiatives to encourage the utilization of bio-based grease, which is anticipated to create a favorable market outlook in the coming years.

5. Report Description and Highlights Report Description Market Summary: Breakup by Thickener Type: • Metallic-Soap Thickener • Non-Soap Thickener • Inorganic Thickener Breakup by Base Oil: • Mineral Oil • Synthetic Oil • Bio-based Oil Breakup by End User: • Automotive • Construction and Off-Highways • General Manufacturing • Steel • Mining

6. Report Description and Highlights Report Description Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America Looking forward, IMARC Group expects the market to reach a value of US$ 4.35 Billion by 2027 exhibiting a CAGR of 3.40% during 2022-2027.

7. Report Description and Highlights Report Description Competitive Landscape With Key players: • AXEL Christiernsson AB • Carl Bechem GmbH • Chemtool Incorporated (Lubrizol Corporation) • ENEOS Holdings Inc • Exxon Mobil Corporation • Fuchs Petrolub SE • Gazpromneft - Lubricants Ltd. (Gazprom Neft PJSC) • Harrison Manufacturing Company • Klüber Lubrication (Freudenberg Chemical Specialities SE & Co. KG) • LUKOIL • Petromin Corporation (Al Dabbagh Group Holding Company Limited) • Royal Dutch Shell PLC View Report TOC, Figures and Tables: https://www.imarcgroup.com/grease-market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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