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.
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.