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Global High Temperature Grease Market – Industry Trends and Forecast to 2030

Chemical and Materials

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Global High Temperature Grease Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jun 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global High Temperature Grease Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 28.04 USD Billion
Diagram Market Size (Forecast Year) USD 42.71 USD Billion
Diagram CAGR %

Major Markets Players

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Global High Temperature Grease Market, By Type (Soap Thickener, Non-Soap Thickener, High Temperature Lubricants), Application (Industrial, Automotive) – Industry Trends and Forecast to 2030.

High Temperature Grease Market

High Temperature Grease Market Analysis and Size

More demanding service requirements for lubricants are being brought on by the equipment evolution in the motor sector. Because of this, high temperature greases are designed to withstand temperatures greater than 130°C.  These greases enable the preservation of a lubricant coating and offer the apparent viscosity required for proper equipment functioning, particularly if it is subject to strong loads that generate heat. High temperature greases are especially well suited to lubricating components such as roller bearings operating in challenging environments, rolling mill bearings, oven fan bearings, glue machine roller bearings, hot-mix asphalt stations, and others. It's vital to remember that the availability of raw materials, technical breakthroughs, governmental restrictions, and environmental concerns all have an impact on the global market for high temperature grease. The dynamics of the market can also be impacted by changes in the price of basic materials like base oil and additives.

Data Bridge Market Research analyses that the high temperature grease market which was USD 28.04 billion in 2022, would rocket up to USD 42.71 billion by 2030, and is expected to undergo a CAGR of 5.4% during the forecast period. “Soap thickener” dominates the type segment of the high temperature grease market owing to its improved oxidative stability and high operational temperature range. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

High Temperature Grease Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2023

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (Soap Thickener, Non-Soap Thickener, High Temperature Lubricants), Application (Industrial, Automotive)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Exxon Mobil Corporation (U.S.), Shell plc (U.K.), Dow (U.S.), FUCHS (Germany), TotalEnergies (France), BP p.l.c. (U.K.), PETRONAS Lubricants International (Malaysia), The Lubrizol Corporation (U.S.), Chevron Corporation (U.S.), DuPont (U.S.), China Petroleum Corporation (China), NANDAN PETROCHEM LTD. (India), Maax Lubrication Pvt Ltd (India), Carl Bechem Lubricants India Private Limited (India), Equifit Technoart (India), Darshil Enterprise (India), and T. S. Moly Lubricants, Inc. (U.S.), among others

Market Opportunities

  • Rising research and development activities in high temperature grease
  • Key manufacturers are focusing on expanding their production capabilities

Market Definition

Industrial bearing applications operating at high temperatures between 100°C and 1800°C use high temperature grease and lubricants. They are employed to lessen the friction that develops between two moving surfaces, resulting in decreased wear and tear. As a result, the bearings are given higher durability, less downtime, energy saving, and longer lubrication cycles. High shock loading, vibration, and tremendous pressure are just a few of the harsh working situations that high temperature grease and lubricants provide their metal surfaces the most protection from. Additionally, these lubricants have sticky qualities that stop them from pounding out, washing out, or splattering out in difficult working conditions. They also have outstanding water resistance, high thermal & mechanical stability, and great rust and oxidation preventing capabilities. Many different sectors, including steel, mining, and the maritime sector, as well as commercial and passenger cars in the automotive industry, use high temperature grease and lubricants.

Global High Temperature Grease Market Dynamics

Drivers

  • The rising demand for automobiles in developing nations

The important factor driving up the demand for cars is the rising disposable income of people in Asia-Pacific.  According to projections, North America and Europe will dominate the auto industry, which will result in a rise in the number of commercial and passenger cars in these areas. Furthermore, the use of high temperature grease and lubricants is moving forward swiftly in the European vehicle industry. In addition, the high temperature grease has a cheap cost of manufacture and, as a lubricant, needs little in the way of infrastructure, both of which will accelerate the market's development pace. The expansion of the automotive industry is projected to bolster the growth of the market.

  • Increased demands in manufacturing industries

High-temperature grease is a type of lubricant that is mostly employed in industrial and automotive settings due to its exceptional lubricity at extremely high temperatures and other superior qualities. Engine, brake, and chassis sections in vehicle manufacturing processes employ high-temperature greases. These greases work by forming a thin coating between the moving components to improve heat transmission and lessen strain when parts come into contact.

Opportunities

  • Rising research and development activities in high temperature grease

Furthermore, key manufacturers are focusing on research and development activities to expand their production capabilities with innovative products to meet growing market demand and extend profitable opportunities to the market players in 2023 to 2030. Additionally, the increased interest in innovative high temperature grease will further expand the future growth of the high temperature grease market. 

Restraints/Challenges

  • Adverse effects in high temperature grease

The unpleasant propensity of grease to cake and dry out is one of the primary drawbacks of utilizing high temperature grease rather than oil or regular temperature grease. More severe is the hardened result of oil drainage that accumulates over time inside the chambers of running bearings and gears. This can sometimes take years to develop, but in other cases, it can progress to a disastrous state in just a few weeks. The issue may spread on its own. When grease dries out, frictional forces increase, which concentrates heat inside the bearing. The grease often dries more quickly and completely as a result of the increased heat. The viscosity of the grease can range from hard putty to sandstone depending on the thickener type and degrading circumstances. Furthermore, the biggest danger of volatilization is present in grease manufactured from base oils with low viscosity. Grease can harden over time when oil boils out of the thickening matrix at sufficiently high temperatures (lower oil-to-thickener ratio and higher base-oil viscosity).  The efficiency and quality of the grease are impacted by its hardness, which hinders the product's expansion in a variety of applications.

This high-temperature grease market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the high temperature grease market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • In January 2022, the brand-new Molykote G-9000 grease was introduced by Dow after the company announced the discontinuation of Molykote 1292. This grease was created as a long-lasting, high temperature bearing grease and is based on phenyl-fluoro siloxane copolymers. With bearings as the major application target, it may be utilized in a number of applications that call for a high-quality grease for usage at higher temperatures  
  • In November 2021, For the North American market, DuPont unveiled its new line of MOLYKOTE Polyalphaolefin (PAO) Grease: MOLYKOTE G-1033 Grease, MOLYKOTE G-1041 Grease, and MOLYKOTE G-1057 Grease. The three novel greases are designed to maximize design freedom in both the consumer and industrial markets at a range of plastic-to-plastic and plastic-to-metal interface  
  • In February 2021, by strengthening its current cooperation with Antala Ltd., DuPont announced an expansion of its MOLYKOTE Specialty Lubricants distribution network in the EMEA area (DGE Group).  This gives you greater freedom to find solutions to lubrication problems

Global High Temperature Grease Market Scope

The high temperature grease market is segmented on the basis of type, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Soap Thickener
  • Lithium complex
  • Aluminium Complex
  • Calcium Sulphonate
  • Non-soap Thickener
  • Polyurea
  • Clay
  • Silica
  • High Temperature Lubricants

Application

  • Industrial
  • Steel
  • Mining
  • Marine
  • Automotive
  • Commercial Vehicle
  • Passenger Vehicle

Global High Temperature Grease Market Regional Analysis/Insights

The high temperature grease market is analysed and market size insights and trends are provided by country, type, and application as referenced above.

The countries covered in the high temperature grease market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Asia-Pacific is expected to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2023-2030. The market growth in this region is attributed to the presence of key manufacturers within the region.

On the other hand, North America is expected to show lucrative growth over the forecast period of 2023-2030, due to the shift of consumer preference toward sustainable high temperature greases in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and High temperature grease Market Share Analysis

The high temperature grease market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to high temperature grease market.

Some of the major players operating in the high temperature grease market are:

  • Exxon Mobil Corporation (U.S.)
  • Shell plc (U.K.)
  • Dow (U.S.)
  • FUCHS (Germany)
  • TotalEnergies (France)
  • BP p.l.c. (U.K.)
  • PETRONAS Lubricants International (Malaysia)
  • The Lubrizol Corporation (U.S.)
  • Chevron Corporation (U.S.)
  • DuPont (U.S.)
  • China Petroleum Corporation (China)
  • NANDAN PETROCHEM LTD. (India)
  • Maax Lubrication Pvt Ltd (India)
  • Carl Bechem Lubricants India Private Limited (India)
  • Equifit Technoart (India)
  • Darshil Enterprise (India)
  • T. S. Moly Lubricants, Inc. (U.S.)


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FREQUENTLY ASK QUESTIONS

The High Temperature Grease Market size will be worth USD 42.71 billion by 2030.
The High Temperature Grease Market growth rate is 5.4% by 2030
The rising demand for automobiles in developing nations and Increased demands in manufacturing industries are the growth drivers of the High Temperature Grease Market.
The type, and application are the factors on which the High Temperature Grease Market research is based.
The major companies in the High Temperature Grease Market are Exxon Mobil Corporation (U.S.), Shell plc (U.K.), Dow (U.S.), FUCHS (Germany), TotalEnergies (France), BP p.l.c. (U.K.), PETRONAS Lubricants International (Malaysia), The Lubrizol Corporation (U.S.), Chevron Corporation (U.S.), DuPont (U.S.), China Petroleum Corporation (China), NANDAN PETROCHEM LTD. (India), Maax Lubrication Pvt Ltd (India), Carl Bechem Lubricants India Private Limited (India), Equifit Technoart (India), Darshil Enterprise (India), and T. S. Moly Lubricants.
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