Royal Dutch Shell, and Exxon Mobil Corporation are key players in High Temperature Grease Market

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

Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=264900326

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. Another major factor contributing to the growth of the market is soaring demand for lithium complex soap thickener. 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.

Soap thickener to account for the major share of the high temperature grease & lubricants market till 2021

The High Temperature Grease & Lubricants Market is segmented by thickener type, namely, soap thickener and non-soap thickener. Soap thickener is the most preferred type of high temperature grease & lubricant and holds the major market share in global high temperature grease & lubricants market. Soap thickener is further segmented into lithium complex, aluminium complex, calcium sulphonate, and others. The high demand for soap thickener is primarily attributed to its improved oxidative stability, high operational temperature range, and high usage in the industrial and automotive sectors.

Rapid industrialization in the emerging regions to drive the industrial application

The industrial application is leading the high temperature grease & lubricants market. This is owed to the massive industrial growth of the key sectors such as, steel, mining, and marine industries in the Asia-Pacific region. Moreover, rapid economic growth, mainly in the steel and vehicle industries, will fuel the demand for increase in quantity and quality of greases. This in turn is expected to drive the sales of high temperature grease & lubricants in the region.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264900326

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.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact MarketsandMarkets™:

Mr. Ashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

sales@marketsandmarkets.com

Contact MarketsandMarkets™: Mr. Ashish Mehra MarketsandMarkets™ Inc. 630 Dundee Road Suite 430 Northbrook, IL 60062 Usa: 1-888-600-6441 sales@marketsandmarkets.com