High Temperature Grease And Lubricants Market – Global Industry Size, Share, Growth and Forecast 2014 to 2021
DecisionDatabases.com adds a new report on High Temperature Grease And Lubricants Market. The report on “High Temperature Grease And Lubricants:Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2021” is an in-depth study giving a complete market outlook.
High temperature grease and lubricants are components which show stable properties when operated at high temperature. These oil-based agents find wide applications in the automotive and the industrial sector. High temperature grease and lubricants show significant stability at high temperature, rust and water protection and other enhancing properties compared to the conventional agents. These features play an important role in market growth on global level. High temperature grease and lubricants used in high temperature industrial applications, textile stenters, automotive bearings and other industrial equipment.
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High temperature grease and lubricants market report is analyzed and classified on the basis of type and applications. Applications segment global high temperature grease and lubricants market into industrial and automotive. Based on type this market is classified as soap thickener, non-soap thickener and lubricants. Industrial application is the most prominent application segment of this market. High demand for grease and lubricants which can operate at high temperatures from several industries is a major factor for the growth this application segment. Soap thickener is the most extensively type used due to its excellent temperature stability and resistance to water and rust. Lithium soap thickener is the most widely used type of soap thickener for various industrial applications.
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Rapid industrialization and high economic growth of major developing regions together propel the growth of this market. In addition, high demand from the automotive industry for high temperature grease and lubricants is another significant factor surging the growth of this market. Technological advancements in this field is further expected to open key opportunities for this market over the forecast. High cost of raw materials will hamper the growth of this market to some extent.
Best Region Of Market :
This report is segmented on the basis of geography into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific is the undisputed leader of this market owing to high economic growth of India and China. Moreover, rapid growth of automobile industry in these regions coupled with increased investments in the industrial sector significantly drives the growth of this market in Asia Pacific. Europe and North America are expected to show moderate growth for the forecast period. Major companies operating in the global high temperature grease and lubricants market are BP Plc., Chevron Corporation, Fuchs Petrolub AG, Lubrizol Corporation, Royal Dutch Shell Plc, Exxon Mobil Corporation, Sinopec Limited and Total S.A.
SEGMENTATIONS IN REPORT :
A. High Temperature Grease And Lubricants Market Analysis By Type :
1. Soap Thickener
2. Non-Soap Thickener
B. High Temperature Grease And Lubricants Market Analysis By Applications :
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