Market Overview:
The global mineral and synthetic greases market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for mineral and synthetic greases in various applications, such as passenger vehicles and commercial vehicles. In addition, the growing demand for LED lighting is also contributing to the growth of this market. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
Mineral grease is a lubricant consisting of an oil and a fat, especially one used in machines.
Synthetic grease is a lubricant made from synthetic oils, which are chemicals that are artificially created.
Mineral and synthetic greases are important because they prevent metal-on-metal contact, which can lead to wear and tear on the machinery.
Halogen Lighting:
Halogen lighting is a type of incandescent lamp that uses the element helium for cooling. The halogens are groups of elements that include fluorine, chlorine, and bromine among others. These elements when added in large quantities make up the bulk of standard incandescent lamps. Incandescent lamps have been used since the early 1900s; however they were expensive to produce and had short lifespan compared to modern day LED or CFL counterparts.
HID Lighting:
HID lighting is High Intensity Discharge Lighting and it's used in lubricants to enhance the viscosity of the product. It also helps in enhancing its properties such as corrosion resistance, high temperature performance, and thermal stability. HID lights are widely used for industrial applications including metal processing, automotive OEM & aftermarket parts manufacturing industries owing to their enhanced characteristics over traditional lighting sources such as fluorescent lamps or incandescent bulbs.
Application Insights:
Passenger vehicle application dominated the global market with a revenue share of over 45% in 2017. Mineral and synthetic greases are used for lubrication purposes in passenger vehicles as they do not require any kind of filtration. Moreover, increasing demand for passenger vehicles is expected to augment growth during the forecast period.
Commercial vehicle application segment is projected to witness significant growth over the forecast period owing to rising demand from construction industries across various regions including Asia Pacific, Middle East and Africa. Growing infrastructure spending along with changing climatic conditions has led to increased need for commercial vehicles especially trucks, thus propelling their sales which will eventually benefit product consumption over the next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing automotive production in countries such as China, India, Japan, and South Korea. Furthermore, rising disposable income coupled with a growing population will also help boost demand for automobiles which will further drive product demand.
The Asia Pacific was followed by Europe which accounted for around 28% of the total revenue share in 2017 owing to increased use of mineral oils in lighting applications on account of their excellent heat resistance properties along with high visibility under low light conditions. Moreover, halogenated greases are used extensively as lubricants due to their superior properties such as anti-corrosion and anti-moisture agents that reduce maintenance costs associated with HID lighting systems installed on vehicles including commercial buses and trucks among others.
Growth Factors:
- Increasing demand from the automotive and transportation industry for mineral and synthetic greases as a result of the growth in global population and economy.
- The increasing trend of replacement of traditional lubricants with mineral and synthetic greases due to their better performance characteristics such as thermal stability, oxidation resistance, etc.
- Growing awareness about the benefits of using mineral and synthetic greases among consumers across different industries is expected to fuel market growth over the forecast period
- Technological advancements in manufacturing processes that are resulting in development of new types of mineral and synthetic greases is anticipated to create new opportunities for market players
- Stringent environmental regulations pertaining to use of conventional lubricants is likely to promote adoption on mineral & synthetic grease, thereby driving market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral and Synthetic Greases Market Research Report
By Type
Halogen Lighting, HID Lighting, LED Lighting
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Koito, Magneti Marelli, Valeo, Hella, Stanley Electric, HASCO, ZKW Group, Varroc, SL Corporation, Xingyu, Hyundai IHL, TYC, DEPO
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Mineral and Synthetic Greases Market Report Segments:
The global Mineral and Synthetic Greases market is segmented on the basis of:
Types
Halogen Lighting, HID Lighting, LED Lighting
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
Passenger Vehicle, Commercial Vehicle
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:
- Koito
- Magneti Marelli
- Valeo
- Hella
- Stanley Electric
- HASCO
- ZKW Group
- Varroc
- SL Corporation
- Xingyu
- Hyundai IHL
- TYC
- DEPO
Highlights of The Mineral and Synthetic Greases 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:
- Halogen Lighting
- HID Lighting
- LED Lighting
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Mineral and Synthetic Greases 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?
Mineral and synthetic greases are both types of lubricants that are used to help machines move more easily. Mineral oils are derived from natural sources, while synthetic greases are made from chemicals.
Some of the key players operating in the mineral and synthetic greases market are Koito, Magneti Marelli, Valeo, Hella, Stanley Electric, HASCO, ZKW Group, Varroc, SL Corporation, Xingyu, Hyundai IHL, TYC, DEPO.
The mineral and synthetic greases market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mineral and Synthetic Greases 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 Mineral and Synthetic Greases Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mineral and Synthetic Greases 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 Mineral and Synthetic Greases 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 Mineral and Synthetic Greases Market Size & Forecast, 2020-2028
4.5.1 Mineral and Synthetic Greases Market Size and Y-o-Y Growth
4.5.2 Mineral and Synthetic Greases 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 Halogen Lighting
5.2.2 HID Lighting
5.2.3 LED Lighting
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 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mineral and Synthetic Greases 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 Mineral and Synthetic Greases 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 Halogen Lighting
9.6.2 HID Lighting
9.6.3 LED Lighting
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 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Halogen Lighting
10.6.2 HID Lighting
10.6.3 LED Lighting
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 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Halogen Lighting
11.6.2 HID Lighting
11.6.3 LED Lighting
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 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Halogen Lighting
12.6.2 HID Lighting
12.6.3 LED Lighting
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 Passenger Vehicle
12.10.2 Commercial Vehicle
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 Halogen Lighting
13.6.2 HID Lighting
13.6.3 LED Lighting
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 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Mineral and Synthetic Greases Market: Competitive Dashboard
14.2 Global Mineral and Synthetic Greases Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Koito
14.3.2 Magneti Marelli
14.3.3 Valeo
14.3.4 Hella
14.3.5 Stanley Electric
14.3.6 HASCO
14.3.7 ZKW Group
14.3.8 Varroc
14.3.9 SL Corporation
14.3.10 Xingyu
14.3.11 Hyundai IHL
14.3.12 TYC
14.3.13 DEPO
