Portland, OR -- (SBWIRE) -- 06/27/2017 -- Grease is defined as a semi-solid compound formed by the deposition of thickening agent in the liquid lubricant. It is a chemical combination of thickener, oil, and additives. The behavior of grease is majorly defined by the composition of base oil & additives in the formulations. Additives in the grease are used to enhance desirable properties, suppress undesirable properties, or to add new properties to increase its working efficiency. Grease facilitates various excellent properties such as water resistance, lubrication to the moving surface under gravity, pressure, or centrifugal action. It also prevents contamination, any wear tear loss, and reduces noise and power consumption. Grease is used by various end user industries such as mining, general manufacturing, automotive, construction, railways, and others.

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The grease market is a moderately growing market driven by the growth in the end user industries such as automotive and other industrial sectors. Asia-Pacific lead the squalene market followed by North America and Europe due to the augment demand from the end users and high expenditure in strategic developments such as R&D activities and expansion in the Asia-Pacific region. The major factor that drives the grease market is the increased demand of metallic soap thickener from the end users, rapid growth in the automotive industries, and technological improvements in the quality of grease.
Developments in the application of grease in other sectors availing improved efficiency can be a growth opportunity for the grease market in the forecast period. However, factors such fluctuation in exchange rates, development of self-lubricating equipment, and unfavorable availability of raw materials are expected to restrain the market growth during the forecast period.

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KEY MARKET SEGMENTS:

By Thickener Type
- Metallic-Soap Thickener
- Non-Soap Thickener
- Inorganic Thickener
- Others

By End User
- Automotive
- Construction & Off-Highways
- General Manufacturing
- Steel
- Mining
- Others

By Geography

North America
- U.S.
- Canada
- Mexico

Europe
- Germany
- France
- Russia
- Rest of Europe

Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific

LAMEA
- South Africa
- Brazil
- Rest of LAMEA