Global Grease Market – Industry Trends and Forecast to 2029

Análisis y tamaño del mercado

El auge de la industria automotriz en el mundo en general está generando una perspectiva positiva para el mercado. La grasa se usa ampliamente para lubricar suspensiones, chasis, rótulas, extremos de barra de dirección, ejes de brazos de control y juntas universales. En línea con esto, la creciente demanda de vehículos de alto rendimiento está favoreciendo el crecimiento del mercado. Además, la grasa evita el desgaste de numerosas piezas de automóviles, como conectores, interruptores, cojinetes de ruedas y engranajes debido a sus propiedades de estabilidad y tolerancia a la temperatura. Además, las operaciones más limpias y la adopción generalizada de grasas de alto rendimiento en plantas de energía eólica para eliminar residuos impactan positivamente en el crecimiento del mercado. Aparte de esto, se espera que la implementación de muchas iniciativas gubernamentales impulse el mercado mediante el uso de grasas de base biológica y la creciente demanda de productos en el sector manufacturero impulsen el mercado hacia el crecimiento.

Data Bridge Market Research analiza que el mercado de grasas se valoró en USD 5.45 mil millones en 2021 y se espera que alcance los USD 6.78 mil millones para 2029, registrando una CAGR de 2.77% durante el período de pronóstico de 2022 a 2029. El informe de mercado curado por el equipo de Data Bridge Market Research incluye un análisis profundo de expertos, análisis de importación / exportación, análisis de precios, análisis de consumo de producción, análisis de patentes y avances tecnológicos.

Alcance del informe y segmentación del mercado

Definición de mercado

La grasa es un lubricante semisólido que se utiliza para proteger los buques, las máquinas de los vehículos y sus componentes contra el desgaste, la corrosión y el desgarro. Contiene aditivos que mejoran el rendimiento de los fluidos lubricantes y espesantes. Se produce utilizando grasa reducida de manteca de cerdo no comestible, partes animales y aceite sintético, o puede ser derivada del petróleo y contener un agente espesante. La grasa actúa como un sellador para disminuir las fugas de agua y protege contra las impurezas. Ayuda a mantener la flexibilidad del rendimiento de parada y arranque, protege las superficies de los cojinetes y reduce la fricción. Proporciona un rendimiento mejorado a prueba de óxido, alta estabilidad térmica y resistencia al desgaste, y un alto índice de viscosidad y protección contra la corrosión. Como resultado, la grasa encuentra una aplicación generalizada en varias industrias, como la generación de energía, la automoción, la fabricación de productos químicos, la metalurgia, la alimentación y las bebidas.

Dinámica del mercado de la grasa

En esta sección se aborda la comprensión de los factores impulsores del mercado, las ventajas, las oportunidades, las limitaciones y los desafíos. Todo esto se analiza en detalle a continuación:

Conductores

• Aumento de la automatización en diversas industrias

La construcción, la fabricación y la minería son algunas de las empresas que utilizan varios equipos de carga pesada que requieren lubricación regular. Debido a la creciente competencia y a los desafíos cada vez mayores en las operaciones manuales, el uso de tecnología altamente eficiente es un factor dinámico para el crecimiento de todas estas industrias. El aumento del costo de los requisitos de seguridad y de la mano de obra también está expandiendo la demanda de automatización de procesos. Por lo tanto, la mayoría de las empresas están automatizando sus sistemas operativos, lo que se espera que impulse el consumo de grasa.

• La caída de los precios del crudo beneficiará a los proveedores de grasa

La distinción influye significativamente en el mercado del petróleo crudo y afecta al mercado de grasas. Los costos volátiles afectan los márgenes de las industrias manufactureras. La mayoría de los productos de grasa se basan en aceite mineral , que se obtiene del petróleo crudo. Por lo tanto, los costos de la grasa dependen de los precios del petróleo crudo, lo que ha afectado positivamente al crecimiento del mercado de grasas.

• Aumenta la demanda en el sector automovilístico

Substantial growth in the automotive industry overall the globe is generating a positive outlook for the grease market. Grease is extensively used to suspension, chassis, lubricate ball joints, tie-rod ends, and control arm-shafts and U-joints. Therefore, the growing demand for high-performance vehicles is favoring the growth of grease market.

Opportunities

• Rise in product innovations

Moreover, many product innovations, such as the development of environment-friendly and bio-based grease manufactured using non-toxic and renewable materials with low sulfur levels, are providing a considerable boost to market growth.

• Adoption of high performance grease

The extensive adoption of high-performance grease in wind power plants to ensure cleaner operations and eliminate residue positively impacts market growth which will act as market drivers and further boost beneficial opportunities for the market's growth rate.

Restraints/ Challenges

The growth of the grease market is restrained by many regulatory rules issued by different governing authorities. Environmental Protection Agency (EPA) imposes rules to ensure that industries treated pollutants in their wastes to protect wastewater treatment plants. All these guidelines apply pressure on grease producers and forced them to invest in eco-friendly products. Furthermore, the factors such as equipment, exchange charges, fluctuation in development of self-lubricating and unfavorable accessibility of raw materials are projected to restrain the growth of the market during the forecast period.

This grease market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the grease market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Grease Market

In 2019, a coronavirus epidemic occurred, resulting in a global pandemic of COVID-19. Companies that used to play a big role have shifted their operations away from the source. The epidemic of COVID-19 has caused momentous social and economic disruption. The pandemic has had an influence on the value chain and supply chain of several industries. The grease market is not an exception. The impact of the COVID-19 pandemic will be analysed based on the overall industry, including both the supply side and demand side outlooks. The lockdown and travel bans imposed in most of the major cities have reduced the production of oil in the country. However, Most of the businesses have now reopened, which is expected to create demand for grease. 

Recent Development

• In March 2021, Castrol declared that they will launch of Castrol ON (a Castrol e-fluid range that includes e-coolants, e-gear oils, and e-greases) to its product portfolio. This range is specially considered for electric vehicles.
• In February 2020, a UAE-based lubricants manufacturer, GP Global announced its plans in western India to invest USD 14 million in building a greenfield lubricant blending plant which will produce lubricants, grease, and white oil.
• In March 2020, Royal Dutch Shell PLC, doubled its production capacity in the lubricant plant in Java. This is to capture a bigger part of the domestic market

Global Grease Market Scope

The grease market is segmented on the basis of base oil, thickener type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Base Oil

• Mineral
• Synthetic
• Bio-Based

Thickener Type

• Metallic Soap
• Non-Soap
• Inorganic

 End-User

• Automotive
• Construction
• General Manufacturing
• Metal
• Mining
• Food and Beverage
• Power

Grease Market Regional Analysis/Insights

The grease market is analysed and market size insights and trends are provided by country, base oil, thickener type and end-user as referenced above.

The countries covered in the grease market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the grease market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to the rising demand for grease in this region. The Asia-Pacific region dominates the grease market, with China leading the way in terms of huge production and consumption of grease. Due to the ease of huge production and consumption grease, China leads the Asia-Pacific market.

During the projected period, North America is expected to be the fastest developing region due to the rising demand of grease in automotive sector in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Grease Market Share Analysis

The grease market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to grease market.

Some of the major players operating in the grease market are:

• Shell PLC. (UK)
• Chevron Corporation (US)
• Idemitsu Kosan Co., Ltd. (Japan)
• China Petrochemical Corporation (China)
• BP p.l.c. (UK)
• TotalEnergies (France)
• ExxonMobil Corporation (US)
• JX Nippon Oil & Gas Exploration Corporation (Japan)
• Chemtool Incorporated (US)
• Petroliam Nasional Berhad (Patrons) (Malaysia)
• FUCHS (Germany)
• Lubrita Europe B.V (Europe)
• Dow (US)
• Citgo Petroleum Corporation (US)
• Balmer Lawrie & Co. Ltd (India)
• Penrite Oil (Australia)
• Harrison Manufacturing Company (Australia)
• Axel Americas LLC (US)
• Calumet Branded Products llc (US)
• Hexol. Com (Canada)
• Indian Oil Corporation Ltd. (India)
• Phillips 66 Company (US)

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