Global Automotive Grease Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The global automotive grease market is anticipated to grow at a CAGR of 2.0% during the forecast period (2022-2028). It plays an important role to diminish the friction and wear, thereby protecting from corrosion and sealing bearings from contamination, water, repelling leakage, resisting change in consistency or structure during service, maintaining flexibility under conditions of application, and repelling or tolerating moisture. The improved quality of grease is another factor accelerating the market growth.

In addition, its numerous advantages such as providing efficient sealing and having a self-contained lubrication system coupled with features such as extreme pressure properties, tackiness, anti-squeak, low noise, and electrically conducting are further propelling the growth of the global automotive grease market during the forecast period. The growing challenges in manual operations, increasing cost of workforce and safety requirements, as majority of companies are automating their operating systems. This, in turn, drives the consumption of grease which further support the market to grow further during the forecast period.

Some major players in the market include Harrison Manufacturing Co. Pty Ltd., AXEL Americas LLC, and Bel-Ray Company, LLC, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in March 2020, Royal Dutch Shell plc announced that the company doubled its production capacity in the lubricant plant in Java in view to capture a bigger part of the domestic market.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Thickener Type
o By Vehicle Type

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Harrison Manufacturing Co. Pty Ltd., AXEL Americas LLC, and Bel-Ray Co., LLC, among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Automotive Grease Market is available at:
https://orionmarketreports.com/global-automotive-grease-market/106317/

Global Automotive Grease Market Report by Segment

By Thickener Type
• Metallic Soap Thickener
o Lithium
o Calcium
o Sodium
o Aluminum
o Others
• Non-Soap Thickener
• Inorganic
o Clay
o Silica
• Others

By Vehicle Type
• Passenger Vehicle
• Commercial Vehicle

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This release was published on openPR.