Rapid industrialization in the emerging regions to drive High Temperature Grease Market

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science-technology

Summary

The high temperature grease market size is projected to reach USD 26.49 Billion by 2021, at a CAGR of 5.3% between 2016 and 2021.

Press Release

The report High Temperature Grease Market by Type (Soap Thickener, Non-Soap Thickener, lubricants), Application (Industrial, Automotive), and Region (APAC, EU, NA, MEA, LA) – Global Forecast to 2021″, The high temperature grease market size is projected to reach USD 26.49 Billion by 2021, at a CAGR of 5.3% between 2016 and 2021.

The major factor restraining the growth of the high temperature grease market is unstable economic situation. The 2008 global economic turmoil hit almost all the sectors in developed nations of North America and Western Europe. There have been no significant investments in the key end-use sectors such as manufacturing, energy, and automotive. As a result, the demand for high temperature grease has dropped significantly in the past five years.

Some of the important high temperature grease companies are Royal Dutch Shell Plc. (the Netherlands), Exxon Mobil Corporation (U.S.), The Dow Chemical Company (U.S.), Sinopec Limited (China), Total S.A. (France), BP Plc. (U.K.), Chevron Corporation (U.S.), Fuchs Petrolub AG (Germany), Indian Oil Corporation (India), Lubrizol Corporation (U.S.), and E.I. DuPont de Nemours and Company (U.S.). The players in this market need to compete with each other with respect to prices and offering wide product range to meet the market requirements.

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Some of the important high temperature grease companies are Royal Dutch Shell Plc. (the Netherlands), Exxon Mobil Corporation (U.S.), The Dow Chemical Company (U.S.), Sinopec Limited (China), Total S.A. (France), BP Plc. (U.K.), Chevron Corporation (U.S.), Fuchs Petrolub AG (Germany), Indian Oil Corporation (India), Lubrizol Corporation (U.S.), and E.I. DuPont de Nemours and Company (U.S.). The players in this market need to compete with each other with respect to prices and offering wide product range to meet the market requirements.

Know More Insights At https://www.prnewswire.com/news-releases/high-temperature-grease–lubricants-market-worth-2649-billion-usd-by-2021-571644881.html

 

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