Market Overview:
The global hydraulic grease market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hydraulic greases in various applications, such as power generation, construction & mining, manufacturing, and others. In addition, the growing awareness about the benefits of using hydraulic greases is also contributing to the growth of this market. Based on type, low temperature hydraulic grease accounted for a major share of the global Hydraulic Grease Market in 2017.
Product Definition:
A grease that contains a high proportion of a substance called a thickener. This causes the grease to form small, tough pellets that resist flow. Hydraulic grease is used in systems where it is important to keep water from seeping into the bearings and other mechanisms.
Low Temperature Hydraulic Grease:
Low temperature hydraulic grease is a type of synthetic lubricant, which is used to reduce friction between surfaces and minimize the heat generated during the transfer of forces. It has high viscosity at room temperature but low viscosity when it's cold. The product can be classified as an elastomeric solid or liquid depending upon its application.
High Temperature Hydraulic Grease:
High temperature hydraulic grease is a type of synthetic lubricant that is used to reduce friction between surfaces and move objects. It works by increasing the flow of fluid at high temperatures which makes it effective for use in various applications such as brake pads, gearbox, piston rods and others.
Application Insights:
On the basis of application, the global market has been segmented into power generation, construction and mining, manufacturing and others. Power generation was estimated as largest application segment in 2017. It is also estimated to be largest application segment over the forecast period.
The growth of this industry can be attributed to increasing demand for electricity generated through fossil fuels and nuclear energy coupled with growing concerns regarding greenhouse gas emissions from such plants. The construction sector is expected to remain a key consumer owing to its rapid growth across various developing countries including India China Brazil etc which are building new hydroelectric plants or expanding their existing capacity significantly over the coming years which will further boost product demand in this sector eventually driving it towards becoming one of the leading industries globally by 2030.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The presence of numerous manufacturing facilities, coupled with rapid industrialization and favorable government policies, has resulted in increased demand for power generation equipment. This has led to an increase in construction activities as well, which is anticipated to drive product demand across a wide range of industries.
The growing automotive industry across emerging economies such as India and China is also likely to have a positive impact on market growth over the coming years. In addition, increasing foreign investments coupled with supportive FDI policies are expected to boost manufacturing activities within these countries; this will further propel product consumption levels over the next eight years.
Europe was estimated at USD X million in 2017 owing high consumption levels within various end-use industries such as oil & gas (40%), chemicals (20%) and others).
Growth Factors:
- Increasing demand from the automotive and transportation industry for hydraulic grease as a lubricant for various moving parts in vehicles is expected to drive the growth of the hydraulic grease market.
- Growing demand from the construction and mining industries for use in equipment such as cranes, bulldozers, excavators, and forklifts is also anticipated to fuel market growth over the forecast period.
- Hydraulic greases that are resistant to water ingress are gaining popularity among end-users due to their ability to provide protection against corrosion even in wet environments, thereby propelling market growth.
- Rising awareness about the benefits of using synthetic-based hydraulic greases over mineral-based products is projected to boost demand for these products during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydraulic Grease Market Research Report
By Type
Low Temperature Hydraulic Grease, High Temperature Hydraulic Grease
By Application
Power Generation, Construction & Mining, Manufacturing, Others
By Companies
Royal Dutch Shell, Chevron Corporation, Petrochina Company, Total S.A., Sinopec Limited, Fuchs Petrolub AG, Henkel, DowDuPont, ExxonMobil Chemical Company, Parent Petroleum
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Hydraulic Grease Market Report Segments:
The global Hydraulic Grease market is segmented on the basis of:
Types
Low Temperature Hydraulic Grease, High Temperature Hydraulic Grease
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation, Construction & Mining, Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Royal Dutch Shell
- Chevron Corporation
- Petrochina Company
- Total S.A.
- Sinopec Limited
- Fuchs Petrolub AG
- Henkel
- DowDuPont
- ExxonMobil Chemical Company
- Parent Petroleum
Highlights of The Hydraulic Grease Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Temperature Hydraulic Grease
- High Temperature Hydraulic Grease
- By Application:
- Power Generation
- Construction & Mining
- Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydraulic Grease Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydraulic grease is a type of lubricant that is used to reduce friction and wear in moving parts. It is made up of a mixture of oil and water, which are forced together under high pressure. This creates a slipperiness that helps prevent the parts from coming into contact too often, leading to less wear and tear.
Some of the major players in the hydraulic grease market are Royal Dutch Shell, Chevron Corporation, Petrochina Company, Total S.A., Sinopec Limited, Fuchs Petrolub AG, Henkel, DowDuPont, ExxonMobil Chemical Company, Parent Petroleum.
The hydraulic grease market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydraulic Grease Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hydraulic Grease Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydraulic Grease Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hydraulic Grease Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hydraulic Grease Market Size & Forecast, 2020-2028
4.5.1 Hydraulic Grease Market Size and Y-o-Y Growth
4.5.2 Hydraulic Grease Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Temperature Hydraulic Grease
5.2.2 High Temperature Hydraulic Grease
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Construction & Mining
6.2.3 Manufacturing
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydraulic Grease Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydraulic Grease Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Temperature Hydraulic Grease
9.6.2 High Temperature Hydraulic Grease
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Construction & Mining
9.10.3 Manufacturing
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Temperature Hydraulic Grease
10.6.2 High Temperature Hydraulic Grease
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Construction & Mining
10.10.3 Manufacturing
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Temperature Hydraulic Grease
11.6.2 High Temperature Hydraulic Grease
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Construction & Mining
11.10.3 Manufacturing
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Temperature Hydraulic Grease
12.6.2 High Temperature Hydraulic Grease
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Construction & Mining
12.10.3 Manufacturing
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Temperature Hydraulic Grease
13.6.2 High Temperature Hydraulic Grease
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Construction & Mining
13.10.3 Manufacturing
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydraulic Grease Market: Competitive Dashboard
14.2 Global Hydraulic Grease Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Royal Dutch Shell
14.3.2 Chevron Corporation
14.3.3 Petrochina Company
14.3.4 Total S.A.
14.3.5 Sinopec Limited
14.3.6 Fuchs Petrolub AG
14.3.7 Henkel
14.3.8 DowDuPont
14.3.9 ExxonMobil Chemical Company
14.3.10 Parent Petroleum
