Global Industrial Greases Market - Size, Share, Trends, Analyis to 2021

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

1

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...