Post on : 2018-06-21
Enewstrack.com - The Global Lubricants Market valued USD 89.76 billion in 2016, and is estimated to reach approximately USD 102.55 billion by 2021, projecting a CAGR of 2.7% from 2018-2023.
Lubricating grease is a solid to semi-fluid product of dispersion of a thickening agent in a liquid lubricant. (A.S.T.M., Standard Definitions of Terms Relating to Petroleum, 1959)Lubricating grease generally consists of a soap emulsified with mineral or vegetable oil. The characteristic feature of lubricating grease is that they possess a high initial viscosity, which upon the application of shear, drops to give the effect of an oil-lubricated bearing of approximately the same viscosity as the base oil used in the grease. This change in viscosity is called thixotropy. Lubricating grease is sometimes used to describe lubricating materials that are simply soft solids or high viscosity liquids, but these materials do not exhibit the shear-thinning (thixotropic) properties characteristic of the classical grease. For example, petroleum jellies such as Vaseline are not generally classified as greases.Lubricating greases are applied to mechanisms that can only be lubricated infrequently and where lubricating oil would not stay in position. They also act as sealants to prevent ingress of water and incompressible materials. Grease-lubricated bearings have greater frictional characteristics due to their high viscosity. The global Lubricating Grease market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023.
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Lubricating Grease by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
Mineral Oil-based Greases
Synthetic and Semisynthetic Oil-based Greases
Company Coverage (Sales Revenue, Price, Gross Margin, Main Products etc.):
JX Nippon Oil & Energy Corporation
Indian Oil Corporation
Southwestern Petroleum Corporation
Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
Agriculture and Off-highway Manufacturing
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
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“Global Lubricating Grease Market Analysis and Forecast 2018-2023”