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Automotive Grease Market Is Expected To Reach 1130 Million USD in 2025 - QY Research
Grease is a liquid lubricant with a solid or semi-fluid thickener, such as soap or PTFE. Grease fulfills the same requirements as other lubricants – to reduce friction and wear, protect against corrosions, and to dissipate heat. Automotive Grease is used in bearings, joints, hinges and other components. Automotive grease avoids sticking and squeaking thus preventing components wearing out prematurely, whilst shielding against moisture and corrosion. Automotive grease consists of oil or other fluid lubricant that is mixed with a thickener, typically a soap, to form a solid or semisolid. Considering the development of downstream industry, we estimate that the growth of automotive grease market size will continue to grow in the next five years with a 2.50% compound average growth rate to 2021.
EU, North America, China and Asia (EX. China) are the major consumption regions of automotive grease, for both passenger automotive and commercial automotive are quite mature in these regions. The Automotive Grease market was valued at 1000 Million US$ in 2017 and is projected to reach 1130 Million US$ by 2025, at a CAGR of 1.6% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Automotive Grease.
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This report includes the following manufacturers; we can also add the other companies as you want.
Shell
ExxonMobil
Sinopec
Axel Christiernsson
Castrol
CNPC
Chevron
Total
Dow Corning
Freudenberg
Market Segment by Product Type
Mineral Oil Grease
Synthetic Oil Grease
Market Segment by Application
Commercial Vehicle
Passenger Vehicle
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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