Press release
A Staggering CAGR Projected for Industrial Greases Market During 2015-2021
Request For Report Sample: https://www.persistencemarketresearch.com/samples/4588
Industrial greases are an incumbent part of machine maintenance operations around the world. Unlike other lubricants which are amalgamations of base oils and additives, greases contain another component called ‘thickeners’ to provide them the necessary tribology for their effective utilization in machines. Due to their semi-solid state, greases have a higher viscosity index and, thus, are used in applications with higher torque. There are various types of greases used in numerous applications based on the combination of thickeners, base oil, and additives.
Among the regions, the market in Asia Pacific is expected to account for 41.5% volume share of the overall industrial greases market, followed by North America and Europe, by 2015 end. Due to increase in manufacturing activity in Asia Pacific, the industrial greases market in the region is projected to expand at a higher than average CAGR of 6.3% between 2015 and 2021 in terms of revenue. The market in China, which is anticipated to account for 35.94% revenue share of the overall market by 2015 end, is expected to be driven by the rise of the manufacturing sector in the country. The industrial greases market in North America and Europe is estimated to witness an average increase in revenue due to maturing market conditions.
As of 2014, global industrial greases production is dominated by Mineral oil based greases, and similar trend is expected to continue during the forecast period. Consumption of mineral oil based greases is expected to be the highest in Asia Pacific due to higher application of Group I base oils in the region, as compared to North America and Europe where Group I base oil production has been declining. Semi-synthetic and synthetic base oil production in the market is anticipated to increase at a promising double digit CAGR, respectively, from 2015 to 2021 in terms of volume.
Request For Report Table of Content (TOC): https://www.persistencemarketresearch.com/methodology/4588
On road vehicles, application segment is expected to be the largest application segment by the end of the forecast period and is expected to expand at significant CAGR as compared to other applications during the same period. Increasing Vehicle Park coupled with the moderate performance of industrial sector across the globe are the major factors driving growth in global industrial greases market. Owing to rapid industrialization, urbanization and stable economic conditions, developing economies are expected to witness high revenue growth during the forecast period when compared with developed 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.
CONTACT:
Persistence Market Research
305 Broadway,7th Floor
New York City, NY 10007
United States
T: +1-646-568-7751
Tollfree: +1 800-961-0353
Website: 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 A Staggering CAGR Projected for Industrial Greases Market During 2015-2021 here
News-ID: 856923 • Views: …
More Releases from Persistence Market Research
Boat Control Lever Market to Reach US$17.03 Bn by 2031, Expanding at 3.8% CAGR | …
The global boat control lever market is witnessing steady growth, driven by advancements in marine technology, increasing recreational boating activities, and rising demand for enhanced safety and operational efficiency in watercraft. According to Persistence Market Research, the market is valued at US$13.12 Bn in 2024 and is projected to expand at a CAGR of 3.8%, reaching US$17.03 Bn by 2031. This expansion reflects both rising consumer interest in marine leisure…
Hydrogen Truck Market to Reach US$ 25.8 Bn by 2032, Growing at 29.5% CAGR | Pers …
The global hydrogen truck market is witnessing a significant shift as governments and industries focus on decarbonizing heavy transport. According to Persistence Market Research, the market is projected to grow from US$ 4.2 Bn in 2025 to US$ 25.8 Bn by 2032, reflecting a robust CAGR of 29.5% during the forecast period. This growth is driven by advancements in hydrogen fuel cell technology, rising adoption of zero-emission transport, and increasing…
Automotive HMI Market Forecast to Double by 2032, Hitting USD 56.1 Billion with …
The global automotive human machine interface (HMI) market is experiencing rapid transformation, shaped by rising digitalization and connected mobility. According to Persistence Market Research, the industry is projected to expand significantly from US$ 28.20 Bn in 2025 to US$ 56.10 Bn by 2032, registering a robust CAGR of 10.3% during the forecast period. HMIs are increasingly becoming the centerpiece of modern vehicles, providing intuitive control panels, voice recognition, and touchscreens…
Fast-Food Reusable Packaging Market to Surpass US$33.96 Bn by 2030 on Back of Ci …
➤Overview of the Market
According to the latest study by Persistence Market Research, the global fast-food reusable packaging market is projected to expand from US$17.21 Bn in 2023 to US$33.96 Bn by 2030, registering a CAGR of 10.2% during the forecast period. Growing sustainability mandates, consumer preference for eco-friendly dining, and regulatory pressures to reduce single-use plastics are transforming packaging strategies across quick-service restaurants worldwide.
The fast-food industry, traditionally reliant on single-use…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
