Global Industrial Greases Market, 2015 to 2021

Global Study on Industrial Greases Market, 2015-2021

Persistence Market Research

Global Industrial Greases Market is
Expected to Reach Value of US$ 1,905.9 Mn
by 2021 : Persistence Market Research

Persistence Market Research


Global Study on Industrial Greases Market, 2015-2021
Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research “Global Market Study on Industrial Greases:
On-Road Vehicle Segment to Dominate the Consumption by 2021”, the global
industrial greases market is estimated to reach US$ 1,905.9 Mn by 2021 from US$ 1,384.7
Mn in 2015.

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.

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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