The Europe grease market size was USD XX billion in 2022 and is likely to reach USD XX billion by 2031, expanding at a CAGR of 1% during 2023–2031. The growth of the market is attributed to environmental and health concerns about brominated and other flame retardants.
Grease is a solid or semisolid lubricant made from a liquid lubricant thickened using thickening additives. Grease is often made up of a soap that has been emulsified with mineral or vegetable oil. Grease has a high initial viscosity, which lowers when shear is applied, giving the effect of an oil-lubricated bearing with about the same viscosity as the base.
Grease is occasionally used to describe lubricating materials that are merely soft solids or liquids with a high viscosity, although these compounds lack the shear-thinning characteristics of traditional grease. They also serve as sealants to keep water and incompressible materials out. The use of high-quality grease is also cost-effective since it decreases the frequency with which grease must be replaced.
Market Trends, Drivers, Restraints, and Opportunities
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Improvements in grease quality are estimated to propel the market during the forecast period.
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Increasing automation in many industries is key factor fueling the market in coming years.
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Disruptions from the electric vehicle market is projected to hinder the market growth.
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Inadequacy of hydroxides for high-temperature applications acts as major factor that can impede the market in coming years.
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Increasing demand for polyurea greases is estimated to create lucrative opportunities for the market players.
Scope of Grease Market Report
The report on the Europe grease market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe Grease Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Thickener (Metal Soaps and Other Thickeners), End-user Industry (Power Generation, Automotive & Other Transportation, Heavy Equipment, Food & Beverage, Metallurgy & Metalworking, Chemical Manufacturing, and Others)
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Geographical Scope
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Germany, United Kingdom, Italy, France, Russia, Turkey, Spain, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Axel Chritiernsson International AB, Lubrita, FUCHS, Royal Dutch Shell, and Lukoil.
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Grease Market Segment Insights
The metal soap segment is projected hold a large market share
On the basis of thickener, the Europe grease market is bifurcated into metal soaps and other thickeners. The metal soaps segment is expected to represent a key share of the market during forecast period. Metal soap is the most commonly used thickening in grease manufacturing. Thickener functions as a distinguishing factor between grease and fluid lubricants.
Molecules, particles, or polymers are partly soluble in lubricating fluid and give the grease a semi-solid consistency. The most common metals used in these thickeners are lithium, aluminum, sodium, and calcium. Organic acids are being added to traditional metal soaps as complexing agents in order to improve load-carrying capabilities and obtain greater dropping points.
Temperature resistance is improved with complex thickeners, and they may not lose their structure when temperatures near 300oC. Furthermore, because lithium prices are unpredictable, producers have been aggressively looking for other raw materials.
Germany is expected to dominate the market
On the basis of geography, the Europe grease market is classified as Germany, United Kingdom, Italy, France, Russia, Turkey, Spain, and Rest of Europe. The market of Germany is anticipated to dominate the market during forecast period. Various factors influenced the country's economic development, including trade disputes that reduced exports and recent government initiatives on debt and fiscal adjustments.
In order to continue building operations despite COVID-19 issue, the German government has granted permission to three construction contractor groups in the country: ZDB, HDB, and BVMB. As a result, after the crisis is over, construction activity in building construction, road construction, and hydraulic engineering is projected to aid economic recovery.
Segments
The Europe grease market has been segmented on the basis of
Thickener
- Metal Soaps
- Other Thickeners
End-user Industry
- Power Generation
- Automotive and Other Transportation
- Heavy Equipment
- Food and Beverage
- Metallurgy and Metalworking
- Chemical Manufacturing,
- Other
Geography
- Germany
- United Kingdom
- Italy
- France
- Russia
- Turkey
- Spain
- Rest of Europe
Key Players
Competitive Landscape
Key players competing in the Europe grease market include Axel Chritiernsson International AB, Lubrita, FUCHS, Royal Dutch Shell, and Lukoil. Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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