Press release
Grease Additives Market could be worth US$ 481.80 Million by 2028, Says Premium Market Insights
Grease Additives Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Oxidation Inhibitors, Corrosion Inhibitors, Antiwear Agents, Pressure Additives, Metal Deactivators, and Others) and Application (Automotive, Aerospace, Marine, Mining, Steel Mill, Construction Machinery, and Others) The grease additives market size is expected to grow from US$ 481.80 million in 2022 to US$ 627.93 million by 2028; it is estimated to register a CAGR of 4.5% from 2022 to 2028.Get PDF Sample Report + All Related Table and Graphs @: https://www.premiummarketinsights.com/sample/TIP00030096?utm_source=OpenPR&utm_medium=10823
Competitive Landscape: Grease Additives Market:
Grease additives are used in manufacturing greases to enhance the properties of grease, to suppress some undesirable properties and possibly to impart some new properties in the greases. Corrosion inhibitors, oxidation inhibitors, pressure additives, antiwear agents and others are some types of grease additives used to enhance the properties of grease in end use industries.
The renewable energy industry, a subsegment of the power sector, is emerging as a prominent consumer of industrial greases. Grease is primarily used in turbines and transformers in this industry. In recent years, the increasing demand for renewable energy has led to an upsurge in wind turbine installations worldwide. The IEA states that 830 GW of wind capacity was installed globally as of 2021, of which 93% were onshore systems while 7% were offshore wind farms. Countries across the world are taking initiatives to increase their renewable energy capacities through wind turbine installations. According to the US Department of Energy, the US installed new wind turbines to add 16,836 MW capacity to its national renewable energy mix in 2020. The US aims to achieve 20% of its electricity consumption through wind energy by 2030.
Afton Chemical Corp
BASF SE
Clariant AG
Croda International Plc
Evonik Industries AG
Shamrock Technologies Inc
The Lubrizol Corp
RT Vanderbilt Holding Co Inc
Lanxess AG
IPAC Inc
Chapter Details of Grease Additives Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Grease Additives Market Landscape
Part 04: Grease Additives Market Sizing
Part 05: Grease Additives Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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