A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global High
Temperature Grease & Lubricants
Market. The
study, titled “High
Temperature Grease & Lubricants Market - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
High
temperature grease & lubricants are substances employed in
industrial bearing applications running at extreme temperatures
ranging from 100oC to 1800oC. They are used to reduce the friction
between two moving surfaces, causing reduced levels of wear and tear.
The bearings therefore become equipped with better longevity, reduced
downtime, energy conservation, and extended lubrication cycles. High
temperature grease and lubricants provide their metal surfaces with
maximum protection in severe operating conditions such as high shock
loading, vibration, and extreme pressure. Furthermore, these
lubricants possess excellent rust and oxidation inhibiting
properties, good water resistance, and high thermal & mechanical
stability, besides adhesive properties which prevent them from
pounding out, washing out, or splattering out in stark operating
circumstances. High temperature grease and lubricants are utilized in
various industries such as steel, mining, and marine, as well as in
commercial vehicles and passenger vehicles in the automotive sector.
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In
terms of thickener formulation, the high temperature grease &
lubricants market could be divided into the soap-based and
non-soap-based categories. The former is expected to dominate the
market during the forecast period primarily due to their high
operational temperature range, improved oxidative stability, and
extensive usage in the industrial and automotive sectors. Soap-based
high temperature grease and lubricants are further classified into
the lithium complex, aluminum complex, and calcium sulfonate
varieties. Lithium complex-based grease and lubricants, widely used
in steel plants and in the mining and engineering industries, are
manufactured from extremely refined base oils with a high viscosity
index. They offer advanced thermal degradation limits and exhibit
excellent water tolerance and mechanical stability. Non-soap-based
high temperature grease and lubricants are split into the polyurea,
clay, and silica segments. They are prepared from either inorganic or
organic thickeners.
The
rising demand for automobiles in emerging economies is one of the
major factors driving the high temperature grease & lubricants
market. The increasing requirement for soap-based lithium complex as
well as production of machines and equipment in end-use industries
also contributes to this market’s expansion, while fuelling the
need for these lubricants. Rapid industrialization and growth in
trade provide immense opportunities for industries manufacturing
them.
Based
on region, the global high temperature grease & lubricants market
is distributed over Asia Pacific, Europe, North America, Middle East
& Africa, and Latin America. Asia Pacific is anticipated to be
the market leader during the forecast period, followed by Europe and
North America. This is primarily ascribed to the speedy
industrialization in countries such as China and India, which propels
the demand for high quality grease and lubricants. The increasing
amount of disposable income of citizens of Asia Pacific boosting the
demand for automobiles is another instrumental cause. North America
and Europe are projected to be dominant regions in terms of car
manufacturing which leads to a surge in the number of commercial and
passenger vehicles in these regions. Furthermore, the automobile
market in Europe is progressing quickly toward the adoption of high
temperature grease and lubricants. Manufacturers are entering into
partnerships to develop products that meet the specific needs of
various industrial applications.
Key
players operating in the global high temperature grease &
lubricants market include Royal Dutch Shell Plc, Exxon Mobil
Corporation, Sinopec Limited, Total S.A., BP Plc, Chevron
Corporation, and Fuchs Petrolub AG.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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