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Polyurea Greases Market Intelligence Study for Comprehensive Insights 2017 - 2027

04-27-2018 11:39 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Polyurea Greases Market Intelligence Study for Comprehensive

Polyurea grease is a multipurpose, high temperature capability grease prepared with a supreme quality base oil and an organic polyuria thickener. This grease is formulated in such a way that it can cater to the simple lubrication requirements of rolling element as well as plain element bearings in long time running applications. Polyurea greases are preferred, owing to their efficacy at temperatures. Moreover, polyurea greases also possess a unique property, i.e. the grease tends to becomes thicker at elevated temperatures. This contributes to the extended performance of bearings at higher temperatures. Additionally, if they are further blended, polyurea greases start acting as rust and oxidation inhibitors, coupled with an extreme pressure additive system, which is anti-corrosive to yellow metals.

Polyurea grease represents 4% of the total grease production globally. Polyurea greases are more popular in Japan and they constitute about 25% of the total grease market. On the other hand, they are not so popular in other areas, most probably owing to the health and safety issues regarding the handling of the raw materials required for their manufacturing.

Global Polyurea Greases Market: Dynamics

Growing demand for polyurea greases from automotive and agriculture industries is a major driving factor for market growth. The increase in the use of polyurea greases in the agriculture industry, owing to the frequent repair & maintenance of the machinery, coupled with growing infrastructure development across the globe help drive the market. Further, significant growth of the automotive industry and increasing vehicle parc across the globe help boost demand for polyurea greases, as they are prevalently used in applications, such as protection from rust corrosion and wear on moving parts, all the while remaining easy to dispense from onboard lubrication systems. Moreover, no such stringent regulations are imposed on the use of polyurea greases in any industry, which provides ample opportunities for market growth. Also, the unique characteristic properties of polyurea greases comply with the requirement of end use applications. Apart from this, lack of awareness and acceptance from various end use industries may hamper the growth of the polyurea greases market.

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Global Polyurea Greases Market: Segmentation

The global polyurea greases market can be segmented on the basis of application and regions.

On the basis of applications, global polyurea greases market can be segmented as:

Automotive
Construction
Agriculture/Off Highway
General Manufacturing
Steel
Mining
Others

Global Polyurea Greases Market: Regional Outlook

The global polyurea greases market is mainly dominated by the Asia Pacific region. This is mainly because of growing interests of investors in developing countries such as China, India and Japan is the key factor responsible for significant penetration of polyurea greases in the Asia Pacific market. The growing automotive industry, coupled with increasing infrastructure development in the Asia Pacific region, is expected to result in a noteworthy increase in the demand for polyurea greases over the forecast period. North America is anticipated to be the second largest market for polyurea greases in terms of consumption. Given the high demand for repair and maintenance in old vehicles in North America, the demand for polyurea greases is expected to increase over the forecast period. In Europe, strict government regulations regarding industrial usage will spur the demand for polyurea greases within the region. Owing to which Europe is anticipated to hold the third position in the global market. The Middle East and Latin America will experience steady demand and is expected to register steady growth over the forecast period.

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Global Polyurea Greases Market: Market Participants

Names of some of the manufacturers engaged in the manufacturing of polyurea greases are mentioned below:

Lubricant Consult GmbH
Canoil Canada Ltd.
Martin Lubricants
Chevron
Nemco Lubricants
Imperator
Schaeffer Manufacturing Co
HUSK-ITT Corporation
Countrymark Cooperative Holding Corp.
Revol/Voler
BECHEM

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