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.
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.
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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.
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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.
The Global High Temperature Grease and Lubricants Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.High temperature grease and lubricants are components which show stable properties when operated at high temperature.
These oil-based agents find wide applications in the automotive and the industrial sector.
High temperature grease and lubricants show significant stability at high temperature, rust and water protection and other enhancing properties compared to the conventional agents.
High temperature grease and lubricants used in high temperature industrial applications, textile stenters, automotive bearings and other industrial equipment.This report is segmented on the basis of geography into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Asia Pacific is the undisputed leader of this market owing to high economic growth of India and China.
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 increasing demand of automobiles in emerging economies such as China and India is fueling the growth of the high temperature grease & lubricants market in the region.
The main advantage of lithium complex soap thickener based-grease over simple conventional soap thickener-based grease is their capability of maintaining excellent stability at higher temperature besides other enhanced properties such as load bearing, water resistance, rust protection, and so on.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.
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.
Do Inquiry before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=264900326Rapid industrialization in the emerging regions to drive the industrial application The industrial application is leading the high temperature grease & lubricants market.
