Low Temperature Grease Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Low Temperature Grease Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

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Low temperature grease is versatile, high performance grease product manufactured particularly for usage in extreme temperature conditions. Regular grease gets oxidized upon prolonged usage, and becomes dark. However, low temperature grease possesses high mechanical strength, anti-wear & friction properties, and stability. It offers different characteristics compared to regular grease products. Low temperature grease is odorless, waterproof, and not susceptible to leakage. It is resistant to aging and rust & corrosion. Low temperature grease is manufactured by addition of mineral or synthetic base oil (80%-90%), thickener (5%-10%), and additives (2%-5%), with or without heating. Usually, oil is added in metal or non-metal soaps such as lithium or calcium soap for formation of stable product. Additives are used for anti-corrosion, anti-wear properties. Low temperature grease products are usually utilized in extreme cold temperatures such as those in the polar region. These products are also used in cryogenic conditions. Low temperature grease products can be employed in the temperature range of - 70°C to + 150°C.

The global low temperature grease market can be segmented based on raw material, application, industry, and region. In terms of raw material, the market can be segmented into mineral & biological oil and synthetic oil. Synthetic and mineral oils are primarily used for the production of low temperature grease. In terms of application, low temperature grease is employed in bearing, latches, valves & coupling, rubber parts, plastic parts, conveyors, and others. Low temperature grease is utilized in different end-user industries such as automotive & transport, cryogenics & cold storage, freeze drying, electric valve & motor, engineering machinery, and others. The cryogenics & storage segment includes liquid nitrogen plant and liquid oxygen plants. The engineering machinery segment includes ball mills, high speed bearings, rollers & presses, and crushers. The others segment comprises construction, chemical, mining, oil & gas production, packaging, and ski resorts. Based on region, the low temperature grease market can be divided into Asia Pacific, Europe, Middle East & Africa, North America, and Latin America.

Increase in heavy duty transportation, especially in cold countries; rise in development of remote areas; resistance of base oils to oxidation; low friction torque; and growth in shelf life compared to traditional grease are driving the low temperature grease market. Demand for low temperature grease is rising where machinery is exposed to water for prolonged period. Due to high mechanical and anti-wear properties, demand for low temperature grease has been increasing in heavy load utilities. Demand for biological oil is anticipated to increase due to its biodegradable and less toxic nature. The automotive & transport segment is likely to dominate the low temperature grease market during the forecast period. Demand for low temperature grease is rising in multipurpose vehicles. The engineering machinery segment is expected to hold prominent share of the low temperature grease market in the near future. Demand for low temperature grease is increasing in North America and Europe due to cold conditions prevalent in many countries in the region in winter. The market in Asia Pacific is likely to expand at a rapid pace. Development of remote and hilly areas in the region is anticipated to boost the low temperature grease market.

Major players operating in the global aluminum composite panel market include Klüber Lubrication, Dow Corning Corporation, Addinol Oilfinder, and Setral Chemie GmbH.

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.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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