Harrisburg, NC -- (SBWIRE) -- 03/20/2019 -- The Grease Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Grease Market Detail Analysis focusing on Key Players like Axel Christiernsson, Bel-Ray Company LLC, SKF, Royal Dutch Shell PLC, Fuchs and Other Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.
The Europe grease market is expected to grow at a CAGR of 0.84 % during the forecast period (2018 - 2023). The major factors driving the growth of the grease market in Europe are the development of advanced greases for high-end applications and the recovering construction sector in the region.
Grease is a semi-solid lubricant. Industrial and automotive greases are its primary categories. It is a mixture of a fluid lubricant, usually petroleum oil, and a thickener, usually soap, dispersed in oil. The base oil (petroleum oil) can even be a pre-used lubricant. The thickener plays an important role in the mixture as a sponge that holds the lubricant oil. The soap thickeners are produced by the reaction between a metallic hydroxide or an alkali and a fat/fatty acid or an ester. The different types of soaps used in production are calcium soap, aluminum soap, lithium soap, and sodium soap. Sodium soaps are stable at high temperatures, while lithium ones are resistant to both heat and moisture.
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Europe Grease Market Report from Market Insights Reports covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market. The market characteristics section of the report defines and explains the market. The market size section gives the market revenues, covering both the historic growth of the market and forecasting the future. Drivers and restraints look at the external factors influencing the growth of the market. Market segmentations break down the key sub sectors which make up the market.
Lithium greases are among the widely used metal greases at a global level as well as in the European region. It is estimated that they contribute to over 50% of the total greases consumed in Europe, with a majority of lithium greases finding applications in the automotive sector. However, lithium complexes are facing hurdles due to the growing environment-related regulations in the region. The newer formulations, such as Boric acid thickeners, can be used as alternatives to lithium greases, which is another restraint for the growth of the lithium greases market in Europe.
Russia is the largest market, in terms of demand, for greases in the European region. It occupied a market share of almost 19% in 2017. A slowdown in the growth rate has been observed in 2016 - 2017, due to the fluctuations in the economy and the decline in the automotive production in the country. However, the consumption of greases has increased in 2018 with the significant increase in the production and the sales of new motor vehicles in addition to the improving economic conditions in the country.
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Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in the last five years are identified.The trends and strategies section highlights the likely future developments in the market and suggests approaches.
Following are major Table of Content of Grease Industry:
- Grease Market Sales Overview.
- Grease Market Sales Competition by Manufacturers.
- Grease Market Sales Analysis by Region.
- Grease Market Sales Analysis by Type.
- Grease Market Analysis by Application.
- Grease Market -Manufacturers Analysis.
The research includes historic data from 2014 to 2018 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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Key Developments in the Market
November 2017: A three-year lubricants and services agreement has been signed between Total Lubrifiants and ArcelorMittal.
May 2017: Total Lubricants and CLAAS, a major player in the agriculture machinery industry, renewed their partnership till 2021.
January 2017: BP signed an agreement with Renault Sport Racing for a new partnership to provide fuel and lubricants for the Formula-1 season.
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