Press release
Industrial Greases Market to Witness Steady Growth at 5.5% CAGR During 2017-2021
Global Industrial Greases Market: Market Dynamics
The global industrial greases market is being influenced by several factors especially in the realm of the manufacturing sector. Firstly, there is a reduced off-shoring of manufacturing activities to low cost markets due to various economic and political reasons. In addition, manufacturers across the Asia Pacific region are striving to make their manufacturing processes more modern and efficient in order to take them to a position where they can compete effectively with the competition from the developed western world. Also, manufacturers in all the parts of the world are concentrating on improving energy efficiency, reducing emissions and becoming more environment friendly by adopting sustainable processes of manufacturing. All these factors will greatly influence the global industrial greases market.
Request for sample report: https://www.persistencemarketresearch.com/samples/4588
Global Industrial Greases Market: Segmentation and Forecast
By base oil type, the mineral oil segment stood at US$ 1,275.2 Mn in the year 2017 and will likely dominate the global industrial greases market.
By end-use, the on road vehicles segment stood at US$ 346.3 Mn in 2017
Among the thickener types, the simple metal segment dominated the global industrial greases market and was valued at US$ 961.6 Mn in the year 2017.
Among the regional markets, Asia Pacific is expected to lead the global industrial greases market and is anticipated to reach US$ 757.6 Mn in value by the year 2021.
Global Industrial Greases Market: Competitive Landscape
The report on the global market for industrial greases profiles some of the leading players functioning in this highly competitive market. Some of the top players that have been profiled in the competition landscape section of this report include Belray Company LLC, Texaco Inc., Exxon Mobil, Whitmore Manufacturing Co., Axel Christiernsson, Klüber Lubrication München SE & Co. KG, Dow Corning Corporation, Sinopec Lubricant Company, Lubriplate lubricant Co., Royal Dutch Shell plc, Castrol, Chemtool Incorporated, ETS Australia, Total SE, Fuchs Petrolub SE and Caltex Australia.
Request Report TOC @ https://www.persistencemarketresearch.com/methodology/4588
Manufacturers of industrial greases are focusing their attention on developing regions owing to a greater demand expected from these regions by 2021. In addition, an increase in the GDP and industrial production is expected to result in a rise in market share across emerging economies.
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Greases Market to Witness Steady Growth at 5.5% CAGR During 2017-2021 here
News-ID: 1509375 • Views: …
More Releases from Persistence Market Research
Europe Automotive Heat Exchanger Market to Reach US$ 8.9 Billion by 2031, Exhibi …
The Europe automotive heat exchanger market has been witnessing steady growth, driven by the rapid evolution of vehicle technologies, stricter emission norms, and the widespread adoption of electric and hybrid vehicles. According to Persistence Market Research, the market is valued at US$ 6.4 billion in 2024 and is projected to reach US$ 8.9 billion by 2031, expanding at a CAGR of 4.9% during the forecast period from 2024 to 2031.…
Digital Crosspoint Switches Market Anticipated to Hit USD 52.5 Billion by 2032
Overview of the Digital Crosspoint Switches Market
The global digital crosspoint switches market is expected to be valued at US$ 28.9 billion in 2025, with projections to reach US$ 52.5 billion by 2032, growing at a robust CAGR of 8.9% during the forecast period. This growth is fueled by the surging need for high-speed data transmission, the expansion of next-generation telecommunications networks, and the increasing deployment of data centers worldwide. As…
Multiformat Transcoders Market Estimated to Grow at 8.6% CAGR by 2032
Overview of the Multiformat Transcoders Market
The global multiformat transcoders market is poised for remarkable expansion, with an estimated valuation of US$ 1.3 billion in 2025, projected to reach US$ 2.3 billion by 2032. This growth trajectory represents a robust CAGR of 8.6% during the forecast period (2025-2032). The market's expansion is driven by the surging demand for high-quality video streaming, advancements in cloud-based transcoding technologies, and the rising consumption of…
Automotive Bearing and Clutch Component Aftermarket Set for 4.5% CAGR Growth, Su …
The global automotive bearing and clutch component aftermarket is poised for steady expansion over the forecast period. According to the latest findings from Persistence Market Research, the market is projected to grow from an estimated US$ 5.3 billion in 2024 to approximately US$ 7.2 billion by 2031, reflecting a compound annual growth rate (CAGR) of 4.5%. This market covers the replacement of bearings, clutch kits, and related clutch components that…
More Releases for Greases
Latest Trends In Global Biodegradable Greases Market
Biodegradable greases are lubricating substances that are formulated to provide effective lubrication for machinery and equipment while also being environmentally friendly.
These greases are designed to break down naturally and degrade into harmless substances over time, reducing their impact on the environment compared to traditional petroleum-based greases.
Request for Sample@ https://mobilityforesights.com/contact-us/?report=85594
Real-world examples of the application of biodegradable greases can be seen in industries that prioritize environmental sustainability.
For instance, in…
Latest Trends in Global Food-Grade Greases Market
Using synthetic ingredients, food grade grease is a lubricant that provides great performance without endangering health or safety.
The Food Safety and Modernization Act (FSMA), which was put into effect by the FDA because they feel this can be avoided, was created to address this.
Request for Sample@ https://mobilityforesights.com/?s=Global+Food-grade+Greases+market
The primary goal of the FSMA is to prevent and not just treat foodborne illness.
This can be accomplished, for example, by observing…
The Rail Greases Market To Witness Integration Of Mobile Solutions
Factors such as increasing focus of railway operators on reducing operation as well as maintenance costs, and development of a number of high-speed and metro rail projects, are anticipated to create significant growth opportunities in the global rail greases market. A new market research on the global rail greases market, published by Persistence Market Research (PMR), estimates that, the global demand for rail greases is anticipated to reach 56,000 tons…
Global Rail Greases Market Overview Analysis
Stratistics MRC’s Rail Greases Market report explains company profiling, key segments, market trends, top players and regional, country-level segments.
Grease is a solid or semi-solid lubricant. It usually consists of mineral oil and thickeners such as calcium-based soaps and lithium-based soaps. Greases may also contain additional lubricating particles such as molybdenum disulfide, graphite, or polytetrafluoroethylene (PTFE).
Browse complete “Rail Greases Market” report with TOC @ https://www.strategymrc.com/report/rail-greases-market
Based on the product type, the lithium…
The Industrial Greases Market to rake in 1,905.9 Mn
Persistence Market Research presents another comprehensive and detailed report titled ‘Industrial Greases Market: Global Industry Analysis and Forecast 2017-2021.’ This report tracks the global market for industrial greases for the period 2017-2021 and presents the various market dynamics in the form of drivers, restraints, opportunities and trends that are impacting the growth of global industrial greases market. This market is tracked both by value and volume. As per the forecast,…
Biodegradable Greases Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Biodegradable Greases Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Biodegradable Greases players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Biodegradable Greases with respect to individual growth…
