Press release
Global Universal Grease Market to Witness a Pronounce Growth During 2023
Universal grease is a semisolid lubricant applied to ordinary temperature range and general conditions in mechanical equipment, automobile, etc.
Universal grease is a mixture of three main components: lubricating fluid, performance enhancing additives, and thickener.
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Global Universal Grease Market: Forecast by Type / Application / Region
The technical barriers of universal grease are relatively low, resulting in low level concentration degree. The manufacturing bases scatter around the world, mainly concentrating in India, China, Japan and USA. The key companies in universal grease market include Shell, Exxon Mobil Corporation, Castrol, Chevron, Total, Fuchs, SKF, Southwestern Petroleum Corporation, CNPC, and Sinopec.
In the past few years, the price of universal grease decreased and we expect the price has pressure to increase in short time. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of universal grease. Therefore, to some extent, the companies face the risk of profit decline.
Over the next five years, LPI(LP Information) projects that Universal Grease will register a 4.0% CAGR in terms of revenue, reach US$ 760 million by 2023, from US$ 600 million in 2017.
Global Universal Grease Market: Key Players
Shell
Exxon Mobil Corporation
Castrol
Chevron
Total
Fuchs
SKF
Southwestern Petroleum Corporation
Timken
Zinol
CNPC
Sinopec
Lopal
Zhongcheng
Changming
Langzhou feiyue
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Related Information:
United States Universal Grease Market Research Report 2018
Europe Universal Grease Market Research Report 2018
North America Universal Grease Market Research Report 2018
Asia-Pacific Universal Grease Market Research Report 2018
China Universal Grease Market Research Report 2018
EMEA Universal Grease Market Research Report 2018
Global Universal Grease Market Research Report 2018
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