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High Temperature Grease Market


Chemicals & Material
Ceramics & Glass

The industrial application dominated the high temperature grease market. The growth in the steel, mining, and marine industries is expected to drive the rising demand for the high temperature grease across the globe. Additionally, the improved living standards in emerging economies are contributing to the growth of the global high temperature grease market is projected to be worth USD 26.49 Billion by 2021, registering a CAGR of 5.3% between 2016 and 2021. The rapid growth in the industrial sector in Asia-Pacific is a key factor driving the high temperature grease market. More than 70% of high temperature grease was consumed by the industrial application segment in 2015. Also, the rapid growth of the automotive industry in Asia-Pacific is one of the factors driving the market.he global high temperature grease market.

The high temperature grease market is classified on the basis of type into soap thickener, non-soap thickener, and lubricants. The high temperature grease market is dominated by soap thickener because of its improved oxidative stability and high operational temperature range. However, non-soap thickener is also estimated to register a high CAGR between 2016 and 2020.  Non-soap thickeners are in the form of very fine powders and have enough porosity and surface area to absorb oil with a high melting point. Because of which, they are mainly used in electric motors, bearings, and oven conveyers.

Currently, Asia-Pacific is the largest market for high temperature grease. The growing automotive and the manufacturing industry in the region are expected to drive the increasing demand for high temperature grease. On the other hand, Middle East & Africa is projected to be the second-fastest growing region between 2016 and 2021. This high growth is attributed to the growing industrial sector in the region.

High Temperature Grease & Lubricants Market

The major factor restraining the growth of the high temperature grease market is unstable economic situation. The 2008 global economic turmoil hit almost all the sectors in developed nations of North America and Western Europe. There have been no significant investments in the key end-use sectors such as manufacturing, energy, and automotive. As a result, the demand for high temperature grease has dropped significantly in the past five years.

Some of the important high temperature grease companies are Royal Dutch Shell Plc. (the Netherlands), Exxon Mobil Corporation (U.S.), The Dow Chemical Company (U.S.), Sinopec Limited (China), Total S.A. (France), BP Plc. (U.K.), Chevron Corporation (U.S.), Fuchs Petrolub AG (Germany), Indian Oil Corporation (India), Lubrizol Corporation (U.S.), and E.I. DuPont de Nemours and Company (U.S.). The players in this market need to compete with each other with respect to prices and offering wide product range to meet the market requirements.

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