Market Overview:
The global universal 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 lubricants from various industries, such as automotive, industrial, and others. In terms of type, the global universal grease market is segmented into universal lithium grease and other soap universal grease.
Product Definition:
Universal grease is a type of lubricant that can be used in a wide variety of applications. It has a high viscosity and is able to withstand high temperatures, making it ideal for use in industrial settings. Universal grease can also be used in automotive applications, where it helps to keep moving parts lubricated and functioning properly.
Universal lithium grease:
The lithium grease is a kind of thermal greases, which are used in high-temperature applications. It has the highest melting point among all other greases and is also suitable for use at extreme temperatures. The product finds its major application in electric heating elements as it can withstand continuous operating temperature range from -50°C to +200°C (or -58°F to +425 °F).
Other soap universal grease:
Other soap universal grease is a synthetic lubricant that has properties similar to natural soaps. It is manufactured by the chemical reaction of fatty acids and glycerol. Other soap universal grease can be used in applications where high temperature, corrosion resistance, or extreme pressure are required.
Other soaps are usually made from animal fats or vegetable oils blended with additives such as detergents and surfactants along with some mineral oil for improved lubrication characteristics at various temperatures.
Application Insights:
The industrial production consumption of universal grease was valued at USD 8.5 billion in 2017 and is expected to witness significant growth on account of its increasing use in manufacturing processes such as paper, pulp & paper, mining equipment, food processing equipment and chemical industries. The automotive sector consumed a total of 1.7 kilo tons worth UG during the same period last year which is expected to grow at a CAGR of XX% from 2018 to 2030 on account of growing automobile production across the globe coupled with high lubricant demand for maintenance operations in vehicles.
Other applications include oil & gas industry where it is used for lubrication purposes along with other greases or oils; construction industry where it is used for various applications such as gearboxes/clutches; agricultural machinery/tractors; marine engines/ships etcetera which are anticipated to drive product demand over the forecast period globally.
Regional Analysis:
Asia Pacific was the largest market in 2017 and will expand further at a steady CAGR from 2018 to 2030. This is attributed to growing industrialization, rapid urbanization, and increasing foreign investments in the region. The presence of major automotive manufacturers such as Toyota Industries Corporation; Honda Motor Co., Ltd.; Mazda Motor Corp.; Mitsubishi Heavy Industries Ltd.; Suzuki Motor Corporation; Isuzu Motors Ltd.; Hyundai Mobis, Inc.; Tata Motors Limited; Dongfeng Motor Corporation of China; Changan Automobile Group Co., Ltd. etc will boost product demand over the forecast period.
The Middle East & Africa is expected to be one of the fastest-growing markets for universal greases owing to high oil production which requires frequent maintenance activities on machinery.
Growth Factors:
- Increasing demand from the automotive and transportation industry for high-performance lubricants that can withstand extreme conditions is expected to drive the growth of the global universal grease market during the forecast period.
- The increasing demand for electric vehicles is also anticipated to fuel the growth of this market in the near future.
- Growing investments in research and development activities by leading players to develop new and innovative products is another key factor that is likely to propel the growth of this market in years to come.
- The rising awareness about benefits of using universal grease among consumers is another major factor that could boost demand for these products in coming years. 5) Stringent environmental regulations regarding emissions are expected to create opportunities for players operating in this market over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Universal Grease Market Research Report
By Type
Universal lithium grease, Other soap universal grease
By Application
Industrial Production Consumption, Automobile Consumption, others
By Companies
Shell, Exxon Mobil Corporation, Castrol, Chevron, Total, Fuchs, SKF, Southwestern Petroleum Corporation, Timken, Zinol, CNPC, Sinopec, Lopal, Zhongcheng, Changming, Langzhou feiyue
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Universal Grease Market Report Segments:
The global Universal Grease market is segmented on the basis of:
Types
Universal lithium grease, Other soap universal 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
Industrial Production Consumption, Automobile Consumption, 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:
- Shell
- Exxon Mobil Corporation
- Castrol
- Chevron
- Total
- Fuchs
- SKF
- Southwestern Petroleum Corporation
- Timken
- Zinol
- CNPC
- Sinopec
- Lopal
- Zhongcheng
- Changming
- Langzhou feiyue
Highlights of The Universal 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:
- Universal lithium grease
- Other soap universal grease
- By Application:
- Industrial Production Consumption
- Automobile Consumption
- 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 Universal 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.
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- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Universal Grease is a synthetic lubricant that is used in many applications, including automotive, industrial and medical. It has a high viscosity and low volatility, which makes it ideal for use in high-pressure environments.
Some of the key players operating in the universal grease market are Shell, Exxon Mobil Corporation, Castrol, Chevron, Total, Fuchs, SKF, Southwestern Petroleum Corporation, Timken, Zinol, CNPC, Sinopec, Lopal, Zhongcheng, Changming, Langzhou feiyue.
The universal grease market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Universal Grease Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Universal Grease Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Universal Grease Market - Supply Chain
4.5. Global Universal Grease Market Forecast
4.5.1. Universal Grease Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Universal Grease Market Size (000 Units) and Y-o-Y Growth
4.5.3. Universal Grease Market Absolute $ Opportunity
5. Global Universal Grease Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Universal Grease Market Size and Volume Forecast by Type
5.3.1. Universal lithium grease
5.3.2. Other soap universal grease
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Universal Grease Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Universal Grease Market Size and Volume Forecast by Application
6.3.1. Industrial Production Consumption
6.3.2. Automobile Consumption
6.3.3. others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Universal Grease Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Universal Grease Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Universal Grease Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Universal Grease Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Universal Grease Demand Share Forecast, 2019-2026
9. North America Universal Grease Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Universal Grease Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Universal Grease Market Size and Volume Forecast by Application
9.4.1. Industrial Production Consumption
9.4.2. Automobile Consumption
9.4.3. others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Universal Grease Market Size and Volume Forecast by Type
9.7.1. Universal lithium grease
9.7.2. Other soap universal grease
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Universal Grease Demand Share Forecast, 2019-2026
10. Latin America Universal Grease Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Universal Grease Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Universal Grease Market Size and Volume Forecast by Application
10.4.1. Industrial Production Consumption
10.4.2. Automobile Consumption
10.4.3. others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Universal Grease Market Size and Volume Forecast by Type
10.7.1. Universal lithium grease
10.7.2. Other soap universal grease
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Universal Grease Demand Share Forecast, 2019-2026
11. Europe Universal Grease Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Universal Grease Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Universal Grease Market Size and Volume Forecast by Application
11.4.1. Industrial Production Consumption
11.4.2. Automobile Consumption
11.4.3. others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Universal Grease Market Size and Volume Forecast by Type
11.7.1. Universal lithium grease
11.7.2. Other soap universal grease
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Universal Grease Demand Share, 2019-2026
12. Asia Pacific Universal Grease Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Universal Grease Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Universal Grease Market Size and Volume Forecast by Application
12.4.1. Industrial Production Consumption
12.4.2. Automobile Consumption
12.4.3. others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Universal Grease Market Size and Volume Forecast by Type
12.7.1. Universal lithium grease
12.7.2. Other soap universal grease
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Universal Grease Demand Share, 2019-2026
13. Middle East & Africa Universal Grease Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Universal Grease Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Universal Grease Market Size and Volume Forecast by Application
13.4.1. Industrial Production Consumption
13.4.2. Automobile Consumption
13.4.3. others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Universal Grease Market Size and Volume Forecast by Type
13.7.1. Universal lithium grease
13.7.2. Other soap universal grease
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Universal Grease Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Universal Grease Market: Market Share Analysis
14.2. Universal Grease Distributors and Customers
14.3. Universal Grease Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exxon Mobil Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Castrol
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chevron
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Total
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fuchs
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SKF
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Southwestern Petroleum Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Timken
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zinol
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CNPC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sinopec
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Lopal
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Zhongcheng
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Changming
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Langzhou feiyue
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook