Global Industrial Greases Market - Asia-Pacific is expected to account

for a major value share (2021)

Persistence Market Research

Global Industrial Greases Market is

Expected to Grow Value of US$ 1,905.9 Mn
by 2021 - Persistence Market Research

Persistence Market Research

Global Industrial Greases Market - Asia-Pacific is expected to account

for a major value share (2021)
Persistence Market Research Released New Market Report 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.

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
market conditions.

As of 2014, global industrial greases production is dominated by Mineral oil based greases,
and similar trend is expected to continue during the forecast period. Consumption of mineral
oil based greases is expected to be the highest in Asia Pacific due to higher application of
Group I base oils in the region, as compared to North America and Europe where Group I
base oil production has been declining. Semi-synthetic and synthetic base oil production in
the market is anticipated to increase at a promising double digit CAGR, respectively, from
2015 to 2021 in terms of volume.

Persistence Market Research

Global Industrial Greases Market - Asia-Pacific is expected to account

for a major value share (2021)
On road vehicles, application segment is expected to be the largest application segment by
the end of the forecast period and is expected to expand at significant CAGR as compared to
other applications during the same period. Increasing Vehicle Park coupled with the
moderate performance of industrial sector across the globe are the major factors driving
growth in global industrial greases market. Owing to rapid industrialization, urbanization and
stable economic conditions, developing economies are expected to witness high revenue
growth during the forecast period when compared with developed economies.

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The global report on industrial greases identifies market opportunities in the following
segments as described below:

For more info: http://www.persistencemarketresearch.com/contact-us.asp

By Application:

On road vehicles

Automotive Manufacturing

Off Highway and Construction

Mining and Metallurgy

Other Transportation

Other Manufacturing Sector

Persistence Market Research

Global Industrial Greases Market - Asia-Pacific is expected to account

for a major value share (2021)
By Region

North America

Europe

APAC

The Middle East & Africa

Latin America

By Thickener Type

Metal soaps

Non-soap

Complex metal

By Base Oil Type

Mineral based base oil

Synthetic base oil

Semi-synthetic base oil

Bio based base oil

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Global Industrial Greases Market - Asia-Pacific is expected to account

for a major value share (2021)

Market History:
Industrial greases are used to reduce the friction between two objects attached and rotating relative to
each other. They possess higher viscosity index than lubricants due to a presence of thickeners which
provide them a semi-solid physical state. Industrial greases are formed by the amalgamation of base oil
(75% - 90%), thickener (15% -5%), and additives (10% - 5%) in varying quantities to achieve certain
properties in the end product.
Industrial greases market trails the GDP due to their widespread application in manufacturing of goods
and automotive maintenance operations. Due to the surge in manufacturing in Asia Pacific, the industrial
greases market in the region is estimated to witness growth, expanding at a CAGR of 6.3% between 2015
and 2021 in terms of revenue. With the anticipated increase in manufacturing in China in the coming
years, the demand for industrial greases in the country is expected to rise between 2015 and 2021. With
the rising operating time of machines and greater speed of operations, the need for industrial greases is
expected to increase by 2021. Besides, with increase in mechanization of manufacturing activities in
developed regions such as North America and Europe, demand for industrial greases is anticipated to
increase in these markets.
Industrial greases Market has categorized the global industrial greases market into key segments based
on thickener type, base oil type, applications, and geographic regions. Depending on the application
segment, the global industrial greases market is divided into various segments, such as other
manufacturing, automotive production, automobile, and other applications. Finally, on the basis of
geographic regions, the overall industrial greases market is segmented into North America, Europe, AsiaPacific, the Middle East & Africa, and Latin America.
Amongst the aforementioned region based segments in the global industrial greases market, Asia Pacific
is expected to expand at an accelerated CAGR of 4.6%, in terms of volume, during the forecast period.
The region is expected to account for a volume share of around 41.58% of the global industrial greases
market by the end of 2015. In terms of market value, Asia-Pacific is expected to account for a major value
share of the global industrial greases market during the forecast period.

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Global Industrial Greases Market - Asia-Pacific is expected to account

for a major value share (2021)

Amongst the application segments of the global industrial greases market, the on a road and other
manufacturing segments are slated to expand at the fastest CAGR during the forecast period, in terms of
volume. The growth of this segment is primarily driven by the increase in run time, rise in mechanization,
and increasing GDP. In terms of market value, the other manufacturing segment is expected to expand at
a CAGR of 5.6% during the forecast period.

Persistence Market Research

Global Industrial Greases Market - Asia-Pacific is expected to account

for a major value share (2021)

Table of Content
1. Industrial Greases- Executive Summary
2. Research Methodology
3. Assumptions and Acronyms Used
4. Industrial Greases Market Overview
4.1. Introduction
4.1.1. Industrial Greases Market Taxonomy
4.2. Industrial Greases Product Overview
4.2.1. Industrial Greases Market Factor Analysis
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunity
4.3.4. Value Chain
4.4. Global Industrial Greases Market Forecast
4.4.1. Y-o-Y Growth Projections
4.4.2. Absolute $ Opportunity
4.5. Market Trends
5. Global Industrial Greases Market Analysis, by Base Oil
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison by Base Oil
5.1.2. Basis Point Share Analysis by Base Oil
5.2. Market Volume and Value Forecast by Base Oil
5.2.1. Mineral Oil5.2.2. Synthetic Oil
5.2.3. Semi-Synthetic Oil
5.2.4. Bio Based Oil
5.3. Market Attractiveness Analysis by Base Oil

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6. Global Industrial Greases Market Analysis by Thickener
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison by Thickener
6.1.2. Basis Point Share (BPS) Analysis by Thickener
6.2. Market Value and Volume Forecast by Thickener Type
6.2.1. Simple Metal soap
6.2.2. Non Soap
6.2.3. Complex Metal Soap
6.3. Market attractiveness by Thickener Type
7. Global Industrial Greases Market Analysis by Application
7.1. Introduction
7.1.1. Y-o-Y Growth Comparison by Application
7.1.2. Basis Point Share (BPS) Analysis by Application
7.2. Market Volume and Value Forecast by Application
7.2.1. On Road Vehicles
7.2.2. Auto Manufacturing
7.2.3. Off Highway and Construction
7.2.4. Mining and Metallurgy
7.2.5. Other Transportation
7.2.6. Other Manufacturing
7.3. Market Attractiveness by Application
8. Global Industrial Greases Market by Geography
8.1. Introduction
8.1.1. Y-o-Y Growth Comparison by Geography
8.1.2. Basis Point Share (BPS) Analysis by Geography
8.2. Market Volume and Value Forecast by Geography
8.2.1. North America
8.2.2. Asia Pacific
8.2.3. Europe
8.2.4. Latin America
8.2.5. Middle East and Africa
8.3. Market Attractiveness, by Geography

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9. North America Industrial Greases Market Analysis
9.1. Introduction
9.1.1. Y-o-Y Growth Comparison by Country
9.1.2. Basis Point Share (BPS) Analysis by Country
9.1.3. Market Trends
9.2. Market Value and Volume Forecast by Country
9.2.1. US
9.2.2. Canada
9.3. Market Value and Volume Forecast by Application
9.3.1. On Road Vehicles
9.3.2. Auto Manufacturing
9.3.3. Off highway and Construction
9.3.4. Mining and Metallurgy
9.3.5. Other Transportation
9.3.6. Other Manufacturing
9.4. Market Value and Volume Forecast by Base Oil
9.4.1. Mineral Oil
9.4.2. Synthetic Oil
9.4.3. Semi synthetic Oil
9.4.4. Bio Based Oil
9.5. Market Volume and Value by Thickener Type
9.5.1. Simple Metal Soap
9.5.2. Non Soap
9.5.3. Complex Metal Soap
9.6. Market Attractiveness Analysis,
9.6.1. by Country
9.6.2. by Application
9.6.3. by Base Oil
9.6.4. by Thickener
9.7. Drivers impact Analysis
10. APAC Industrial Greases Market Analysis
10.1. Introduction
10.1.1. Y-o-Y Growth Comparison by Country
10.1.2. Basis Point Share (BPS) Analysis by Country

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for a major value share (2021)
10.1.3. Market Trends
10.2. Market Value and Volume Forecast by Country
10.2.1. China
10.2.2. India
10.2.3. ASEAN
10.2.4. Oceania
10.2.5. Japan
10.2.6. Rest of APAC
10.3. Market Value and Volume Forecast by Application
10.3.1. On Road Vehicles
10.3.2. Auto Manufacturing
10.3.3. Off Highway and Construction
10.3.4. Mining and Metallurgy
10.3.5. Other Transportation
10.3.6. Other Manufacturing
10.4. Market Value and Volume Forecast by Base Oil
10.4.1. Mineral Oil
10.4.2. Synthetic Oil
10.4.3. Semi Synthetic Oil
10.4.4. Bio Based Oil
10.5. Market Volume and Value by Thickener Type
10.5.1. Simple Metal soap
10.5.2. Non Soap
10.5.3. Complex Metal Soap
10.6. Market Attractiveness Analysis,
10.6.1. by Country
10.6.2. by Application
10.6.3. by Base Oil
10.6.4. by Thickener
10.7. Drivers impact Analysis
11. Europe Industrial Greases Market Analysis
11.1. Introduction
11.1.1. Y-o-Y Growth Comparison by Country
11.1.2. Basis Point Share (BPS) Analysis by Country

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11.1.3. Market Trends
11.2. Market Value and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. BENELUX
11.2.7. Nordic region
11.2.8. Russia
11.2.9. Poland
11.2.10. Rest of Europe
11.3. Market Value and Volume Forecast by Application
11.3.1. On Road Vehicles
11.3.2. Auto Manufacturing
11.3.3. Off Highway and Construction
11.3.4. Mining and Metallurgy
11.3.5. Other Transportation
11.3.6. Other Manufacturing
11.4. Market Value and Volume Forecast by Base Oil
11.4.1. Mineral
11.4.2. Synthetic Oil
11.4.3. Semi Synthetic Oil
11.4.4. Bio Based Oil
11.5. Market Volume and Value by Thickener Type
11.5.1. Simple Metal Soap
11.5.2. Non Soap
11.5.3. Complex Metal soap
11.6. Market Attractiveness Analysis,
11.6.1. by Country
11.6.2. by Application
11.6.3. by Base Oil
11.6.4. by Thickener
11.7. Drivers impact Analysis

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Global Industrial Greases Market - Asia-Pacific is expected to account

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12. Latin America Industrial Greases Market Analysis
12.1. Introduction
12.1.1. Y-o-Y Growth Comparison by Country
12.1.2. Basis Point Share (BPS) Analysis by Country
12.1.3. Market Trends
12.2. Market Value and Volume Forecast by Country
12.2.1. Brazil
12.2.2. Argentina
12.2.3. Mexico
12.2.4. Rest of Latin America
12.3. Market Value and Volume Forecast by Application
12.3.1. On Road Vehicles
12.3.2. Auto Manufacturing
12.3.3. Off Highway and Construction
12.3.4. Mining and Metallurgy
12.3.5. Other Transportation
12.3.6. Other Manufacturing
12.4. Market Value and Volume Forecast by Base Oil
12.4.1. Mineral Oil
12.4.2. Synthetic Oil
12.4.3. Semi Synthetic Oil
12.4.4. Bio Based Oil
12.5. Market Volume and Value by Thickener Type
12.5.1. Simple Metal soap
12.5.2. Non Soap
12.5.3. Complex Metal soap
12.6. Market Attractiveness Analysis,
12.6.1. by Country
12.6.2. by Application
12.6.3. by Base Oil
12.6.4. by Thickener
12.7. Drivers impact Analysis

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13. Middle East and Africa (MEA) Industrial Greases Market Analysis
13.1. Introduction
13.1.1. Y-o-Y Growth Comparison by Country
13.1.2. Basis Point Share (BPS) Analysis by Country
13.1.3. Market Trends
13.2. Market Value and Volume Forecast by Country
13.2.1. GCC
13.2.2. South Africa
13.2.3. Israel
13.2.4. Turkey
13.2.5. Rest of Middle East and Africa
13.3. Market Value and Volume Forecast by Application
13.3.1. On Road vehicles
13.3.2. Auto Manufacturing
13.3.3. Off Highway and Construction
13.3.4. Mining and Metallurgy
13.3.5. Other Transportation
13.3.6. Other Manufacturing
13.4. Market Value and Volume Forecast by Base Oil
13.4.1. Mineral Oil
13.4.2. Synthetic Oil
13.4.3. Semi Synthetic Oil
13.4.4. Bio Based Oil
13.5. Market Volume and Value by Thickener Type
13.5.1. Simple Metal Soap
13.5.2. Non Soap
13.5.3. Complex Metal Soap
13.6. Market Attractiveness Analysis,
13.6.1. by Country
13.6.2. by Application
13.6.3. by Base Oil
13.6.4. by Thickener
13.7. Drivers impact Analysis

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14. Competition Landscape
14.1. Competition Dashboard
14.2. Company Profiles (Details Overview, Financials (best effort basis), Recent
Development, Strategy)
14.2.1. Belray Company LLC
14.2.2. Texaco Inc
14.2.3. Exxon Mobil
14.2.4. Whitmore Manufacturing company
14.2.5. Axel Christiernsson
14.2.6. Kluber Lubrication Munchen SE & Co. KG
14.2.7. Dow Corning Corporation
14.2.8. Sinopec Lubricant company
14.2.9. Lubriplate lubricant company
14.2.10. Royal Dutch Shell plc
14.2.11. Castrol
14.2.12. Chemtool Incorporated
14.2.13. ETS Australia
14.2.14. Total SE
14.2.15. Fuchs Petrolub SE
14.2.16. Caltex Australia
List of Tables
1. Global Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast By Base
Oil Type, 20132021
2. Global Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast By
Thickener Type, 20132021
3. Global Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast By
Application, 20132021
4. Global Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast, 2013
2021
5. North America Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast,
20132021
6. North America Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast
By Thickener Type, 20132021

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Global Industrial Greases Market - Asia-Pacific is expected to account

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7. North America Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast
By Base Oil Type, 20132021
8. North America Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast
By Application Type, 20132021
9. APAC Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast, 2013
2021
10. APAC Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast By
Thickener Type, 20132021
11. APAC Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast By Base
Oil Type, 20132021
12. Asia Pacific Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast
By Application, 20132021
13. Europe Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast,
20132021
14. Europe Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast By
Thickener Type, 20132021
15. Europe Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast By
Base Oil Type, 20132021
16. Europe Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast By
Application, 20132021
17. Latin America Industrial Greases Market Volume (000 Tons) and Value (US$ Mn)
Forecast, 20132021
18. Latin America Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast
By Thickener Type, 20132021
19. Latin America Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast
By Base Oil Type, 20132021
20. Latin America Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast
By Application, 20132021
21. Middle East and Africa Industrial Greases Market Volume (000 Tons) and Value (US$ Mn)
Forecast, 20132021
22. MEA Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast By
Thickener Type, 20132021
23. MEA Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast By Base
Oil Type, 20132021

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24. MEA Industrial Greases Market Volume (000 Tons) and Value (US$ Mn) Forecast By
Application Type, 20132021
List of Figures
1. Global Industrial Greases Market Size (US$ Mn) and Y-o-Y Growth, 20132021
2. Global Industrial Greases Market Volume (000 Tons) and Y-o-Y Growth (%), 20132021
3. Global Industrial Greases Market: Absolute $ Opportunity (US $ Mn ), 20132021
4. Global Industrial Greases Market Y-o-Y Growth Projections By Base Oil Type, 20142021
5. Global Industrial Greases Market Value Proportion By Base Oil Type, 2015 and 2021
6. Global Industrial Greases Market Attractiveness By Application
7. Global Industrial Greases Market Y-o-Y Growth Projections By Thickener Type, 20142021
8. Global Industrial Greases Market Value Proportion By Thickener Type, 2015 and 2021
9. Global Industrial Greases Market Attractiveness By Thickener Type
10. Global Industrial Greases Market Y-o-Y Growth Projections By Application, 20142021
11. Global Industrial Greases Market Value Proportion By Application, 2015 and 2021
12. Global Industrial Greases Market Attractiveness By Application, 2014
13. Global Industrial Greases Market Y-o-Y Growth Projections By Geography, 20142021
14. Global Industrial Greases Market Value Proportion By Geography, 2015 and 2021
15. APAC Industrial Greases Market ,Absolute $ Opportunity, 20142021 (US$ Mn)
16. North America Industrial Greases Market Absolute $ Opportunity, 20142021 (US$ Mn)
17. Europe Industrial Greases Market ,Absolute $ Opportunity, 20142021 (US$ Mn)
18. MEA Industrial Greases Market ,Absolute $ Opportunity, 20142021 (US$ Mn)
19. Europe Industrial Greases Market ,Absolute $ Opportunity, 20142021 (US$ Mn)
20. Global Industrial Greases Market Attractiveness By Geography, 2014
21. North America Industrial Greases Market Y-o-Y Growth Projections By Country, 20142021
22. North America Industrial Greases Market Value Proportion By Country, 2014 and 2021
23. U.S. Industrial Greases Market Absolute $ Opportunity, 20142021, (US$ Mn)
24. Canada Industrial Greases Market Absolute $ Opportunity, 20142021, (US$ Mn)
25. North America Industrial Greases Market Attractiveness By Country, 2015
26. North America Industrial Greases Market Attractiveness By Application, 2015
27. North America Industrial Greases Market Attractiveness By Base Oil Type, 2015
28. North America Industrial Greases Market Attractiveness By Thickener Type, 2015
29. APAC Industrial Greases Market Y-o-Y Growth Projections By Country, 20142021
30. APAC Industrial Greases Market Value Proportion By Country, 2015 and 2021

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31. China Industrial Greases Market, Absolute $ Opportunity, 20142021 (US$ Mn)
32. Japan Industrial Greases Market, Absolute $ Opportunity, 20142021 (US$ Mn)
33. India Industrial Greases Market, Absolute $ Opportunity, 20142021 (US$ Mn)
34. ASEAN Industrial Greases Market, Absolute $ Opportunity, 20142021 (US$ Mn)
35. Oceania Industrial Greases Market, Absolute $ Opportunity, 20142021 (US$ Mn)
36. Rest of APAC Industrial Greases Market, Absolute $ Opportunity, 20142021 (US$ Mn)
37. APAC Industrial Greases Market Attractiveness By Country
38. APAC Industrial Greases Market Attractiveness By Application
39. APAC Industrial Greases Market Attractiveness By Base Oil Type
40. APAC Industrial Greases Market Attractiveness By Thickener Type
41. Europe Industrial Greases Market Y-o-Y Growth Projections By Country, 20142021
42. Europe Industrial Greases Market Value Proportion By Country, 2014 and 2021
43. Germany Industrial Greases Market, Absolute $ Opportunity, 20142021 (US$ Mn)
44. France Industrial Greases Market, Absolute $ Opportunity, 20142021 (US$ Mn)
45. Italy Industrial Greases Market, Absolute $ Opportunity, 20142021 (US$ Mn)
46. U.K. Industrial Greases Market ,Absolute $ Opportunity, 20142021 (US$ Mn)
47. Spain Industrial Greases Market ,Absolute $ Opportunity, 20142021 (US$ Mn)
48. BENELUX Industrial Greases Market ,Absolute $ Opportunity, 20142021 (US$ Mn)
49. Russia Industrial Greases Market ,Absolute $ Opportunity, 20142021 (US$ Mn)
50. Poland Industrial Greases Market ,Absolute $ Opportunity, 20142021 (US$ Mn)
51. Nordic Region Industrial Greases Market ,Absolute $ Opportunity, 20142021 (US$ Mn)
52. Rest of Europe Industrial Greases Market ,Absolute $ Opportunity, 20142021 (US$ Mn)
53. Europe Industrial Greases Market Attractiveness By Country
54. Europe Industrial Greases Market Attractiveness By Application
55. Europe Industrial Greases Market Attractiveness By Base Oil Type
56. Europe Industrial Greases Market Attractiveness By Thickener Type
57. Latin America Industrial Greases Market Y-o-Y Growth Projections By Country, 20142021
58. Latin America Industrial Greases Market Value Proportion By Country, 2015 and 2021
59. Brazil Industrial Greases Market, Absolute $ Opportunity, 20142021 (US$ Mn)
60. Mexico Industrial Greases Market, Absolute $ Opportunity, 20142021 (US$ Mn)
61. Argentina Industrial Greases Market, Absolute $ Opportunity, 20142021 (US$ Mn)
62. Rest of Latin America Industrial Greases Market, Absolute $ Opportunity, 20142021
(US$ Mn)
63. Latin America Industrial Greases Market Attractiveness By Country
64. Latin America Industrial Greases Market Attractiveness By Application

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65. Latin America Industrial Greases Market Attractiveness By Base Oil Type
66. Latin America Industrial Greases Market Attractiveness By Thickener Type
67. MEA Industrial Greases Market Y-o-Y Growth Projections By Country, 20142021
68. MEA Industrial Greases Market Value Proportion By Country, 2015 and 2021
69. GCC Industrial Greases Market Absolute $ Opportunity, 20142021 (US$ Mn)
70. South Africa Industrial Greases Market Absolute $ Opportunity, 20142021 (US$ Mn)
71. Turkey Industrial Greases Market Absolute $ Opportunity, 20142021 (US$ Mn)
72. Israel Industrial Greases Market Absolute $ Opportunity, 20142021 (US$ Mn)
73. Rest of MEA Industrial Greases Market Absolute $ Opportunity, 20142021 (US$ Mn)
74. MEA Industrial Greases Market Attractiveness By Country
75. MEA Industrial Greases Market Attractiveness By Application
76. MEA Industrial Market Attractiveness By Base Oils
77. MEA Industrial Market Attractiveness By Thickener Type
78. Global Industrial Greases Market Share, By Company (2014)
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