The report "High Temperature Grease & Lubricants Market by Type (Soap Thickener and Non-Soap Thickener), by Application (Industrial and Automotive), and by Region (APAC, EU, NA, MEA, and LA) - Global Forecast to 2021", The high temperature grease & lubricants market size is projected to reach USD 26.49 Billion by 2021, at a CAGR of 5.3% between 2016 and 2021.
Browse 91 tables and 52 figures spread through 144 Pages and in-depth TOC on "High Temperature Grease & Lubricants Market - Global Forecast to 2021"
Early buyers will receive 10% customization on this report.
Sample PDF Brochure of Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=264900326
The increasing demand of automobiles in emerging economies such as China and India is fueling the growth of the high temperature grease & lubricants market in the region. Another major factor contributing to the growth of the market is soaring demand for lithium complex soap thickener. The main advantage of lithium complex soap thickener based-grease over simple conventional soap thickener-based grease is their capability of maintaining excellent stability at higher temperature besides other enhanced properties such as load bearing, water resistance, rust protection, and so on.
Soap thickener to account for the major share of the high temperature grease & lubricants market till 2021
The high temperature grease & lubricants market is segmented by thickener type, namely, soap thickener and non-soap thickener. Soap thickener is the most preferred type of high temperature grease & lubricant and holds the major market share in global high temperature grease & lubricants market. Soap thickener is further segmented into lithium complex, aluminium complex, calcium sulphonate, and others. The high demand for soap thickener is primarily attributed to its improved oxidative stability, high operational temperature range, and high usage in the industrial and automotive sectors.
Rapid industrialization in the emerging regions to drive the industrial application
The industrial application is leading the high temperature grease & lubricants market. This is owed to the massive industrial growth of the key sectors such as, steel, mining, and marine industries in the Asia-Pacific region. Moreover, rapid economic growth, mainly in the steel and vehicle industries, will fuel the demand for increase in quantity and quality of greases. This in turn is expected to drive the sales of high temperature grease & lubricants in the region.
Asia-Pacific to be the largest market during the forecast period
The high temperature grease & lubricants market is broadly segmented into five regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and Latin America. Asia-Pacific is the largest market for high temperature grease & lubricants, followed by Europe. It is projected to be the fastest-growing market during the forecast period. Growing industrialization and increased trade have offered enormous opportunities for various manufacturing industries to use high temperature grease & lubricants. Moreover, the increasing number of passenger and commercial vehicles in the region is fueling the growth of the high temperature grease & lubricants market.
Currently, the global high temperature grease & lubricants market is dominated by various market players such as Royal Dutch Shell Plc. (Netherlands), Exxon Mobil Corporation (U.S.), Sinopec Limited (China), Total S.A. (France), BP Plc. (U.K.), Chevron Corporation (U.S.), Fuchs Petrolub AG (Germany), and others.
The research study is aimed at identifying emerging trends and opportunities in the global high temperature grease & lubricants market along with a detailed classification of the market, in terms of value and volume. It provides a comprehensive competitive landscape and identifies the key players in the global market. The research study also includes a detailed segmentation of the global high temperature grease & lubricants market on the basis of application, thickener type, and region.
Browse related Reports:
Middle East & Africa Lubricants Market By Type (Mineral Oil, Synthetic Oil, Bio-Based Oil, And Greases), By Application (Passenger Vehicles, Commercial Vehicles, Aviation And Marine And Industrial Machinery & Equipment) Global Trends & Forecasts To 2019
Synthetic Lubricants Market By Type (Pao, Esters, Group Iii, Pag), By Application (Engine Oil, Metalworking Fluids, And Industrial) And By Regions (Europe, North America, Asia-Pacific And Rest Of The World) Global Trends & Forecasts To 2020
MarketsandMarkets is world’s No. 2 firm 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 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. 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.
M&M’s flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets