Home / Press Release / Global Grease Market Projected to Grow At a CAGR of 3.5% during the Forecast Period

Global Grease Market Projected to Grow At a CAGR of 3.5% during the Forecast Period

The latest market report published by Credence Research, Inc. “Grease Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the Grease market was valued at US$ 1.9 Bn in 2018 and expected to reach US$ 2.3 Bn by 2027 at a CAGR of 2.5% throughout the forecast period from 2019 to 2027.

Market Insights

"Increasing demand for grease in end-use industries will spur revenue growth during the forecast period"

The increasing demand for grease in the construction industry, growing usage of high performance greases are factors propelling the demand of grease market. The grease industry is highly fragmented and organizations are coming up with new products. For instance, emergence of bio-based grease will create opportunities for the proliferation of overall grease market. Asia-Pacific lead the grease market followed by North America and Europe because of the increase request from the end use industries. The key factors that drives the grease market is the expanded interest of metallic thickener from the end users, rapid development in the automobile industry, and technological enhancements in the quality. However, factors including exchange rate fluctuations, R&D in developing self-lubricating equipment, and unavailability of raw materials are anticipated to hinder the grease market growth during the years to come.

Industrial Developments

Key Market Movements

List of Companies Covered:

Browse the full report at https://www.credenceresearch.com/report/grease-market

The Global Grease Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 By Thickener Segment (2017–2027; US$ Bn)

 By End-use Segment (2017–2027; US$ Bn)

 By Geography Segment (2017–2027; US$ Bn)

*Complete segmentation list is on report page

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