DUBLIN—Research and Markets has announced the addition of the "Grease Market - Global Forecasts to 2021" report to their offering.

The global grease market is projected to reach USD 2.28 Billion by 2021, registering a CAGR of 2.0% between 2016 and 2021. The growth of the market is primarily driven by the automotive industry.

The automotive industry dominated the grease market in 2015; however, it is projected to register the highest growth rate in the overall market between 2016 and 2021. The increased need for high-quality grease for processing automotive equipment and the use of advanced technologies boost the market.

Currently, Asia-Pacific is the largest and fastest-growing market for the grease market. The growing automotive and the manufacturing industry in the region are expected to drive the increasing demand for grease. On the other hand, Middle East & Africa is projected to be the second fastest-growing region between 2016 and 2021. This high growth is attributed to the growing industrial sector in the region

The major factor restraining growth of the grease market is unstable economic situation. The 2008 global economic turmoil has virtually hit almost all the sectors in developed nations of North America and Western Europe.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Grease Market, By Thickener Type

8 Grease Market, By End-Use Industry

9 Grease Market, By Region

10 Competitive Landscape

11 Company Profiles

Companies Mentioned:

  • Axel Americas LLC
  • BP PLC
  • Balmer Lawrie & Co. Ltd.
  • Bel-Ray Company, LLC
  • Chemtool Incorporated
  • Chevron Corporation
  • Citgo Petroleum Corporation
  • Exxonmobil Corporation
  • Fuchs Petrolub SE
  • Harrison Manufacturing Co. PTY Ltd.
  • Hexol International Ltd.
  • Idemitsu Kosan Co., Ltd.
  • Indian Oil Corporation Ltd.
  • JX Nippon Oil & Energy Corporation
  • Lubri-Lab Inc.
  • Lubrita.Com
  • Lukeoil
  • Marathon Petroleum Corporation
  • Penrite Oil Company
  • Petroliam Nasional Berhad (Petronas)
  • Phillips 66 Lubricants
  • Regional Revenue Mix of Major Market Players
  • Royal Dutch Shell PLC
  • Sinopec Corporation
  • The DOW Chemical Company
  • Total S.A.

For more information visit http://www.researchandmarkets.com/research/r7vjfz/grease_market_by

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Sector: Lubricants and Greases