Grease Market is expected to witness a CAGR of more than 2.0% between 2016 and 2021
[186 Pages Report] The report "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", 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. The market is largely driven by the increased demand from the automotive industry. Grease is highly used in the automotive industry for wheel bearings, universal joints, suspensions, gears, and connectors.
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The automotive industry dominated the grease market in 2015; however, it is projected to register the highest growth rate in the overall market between 2016 and 2021. The increased need for high-quality grease for processing automotive equipment and the use of advanced technologies boost the market.
Table of Content
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Grease Market, By Thickener Type
8 Grease Market, By End-Use Industry
9 Grease Market, By Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
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.
Currently, Asia-Pacific is the largest and fastest-growing market for the grease market. The growing automotive and the manufacturing industry in the region are expected to drive the increasing demand for grease. On the other hand, Middle East & Africa is projected to be the second fastest-growing region between 2016 and 2021. This high growth is attributed to the growing industrial sector in the region
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