Global Lubricating Grease Industry 2015 Market Research Report
- Id : RNR-788
- Category : Chemical Materials
- Publish Date : 31-Mar
- Publisher : S&P Consulting
- Pages : 353
- Format : PDF
Lubricating grease is a solid to semi-fluid product of dispersion of a thickening agent in a liquid lubricant. Lubricating grease generally consists of a soap emulsified with mineral or vegetable oil. The characteristic feature of lubricating grease is that they possess a high initial viscosity, which upon the application of shear, drops to give the effect of an oil-lubricated bearing of approximately the same viscosity as the base oil used in the grease. Global volumes grew at an average annual rate of 3.38% in the 2011 to 2015 period, and in 2016 production are estimated to be 4.34%. Longer-term growth projections are now around 4%. The industry is highly fragmented in terms of products, end uses and suppliers, but its markets can broadly be categorized as automotive, agriculture and off-highway manufacturing, general manufacturing, steel, mining, etc. Until 2015, China overall was the dominant producer and exporter of lubricating grease, followed by North America and Europe. Globally, leading greases producers are Shell, Exxon Mobil, BP, Total Lubricants, Axel Christiernsson, Chevron, Sinopec, CNPC, etc.