High Temperature Grease Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
High Temperature Grease Market Analysis
The market for the high-temperature grease is expected to grow at a CAGR of more than 3% globally during the forecast period.
Increasing applications from the industrial sector and the growing demand from the automotive industry in developing countries are driving the market growth.
The outbreak of COVID-19 is expected to hinder the market growth of the high-temperature grease market.
High Temperature Grease Market Trends
This section covers the major market trends shaping the High Temperature Grease Market according to our research experts:
Increasing Demand from Automotive and Industrial Segments
- High-temperature grease lubricants are the lubricants that are majorly being used in industrial and automotive applications because of remarkable lubricity under extreme temperature conditions (>1000 °C) and other excellent properties.
- The properties of high-temperature grease lubricants include low evaporation, anti-wear properties, thermal stability, resistance to oxidation, mechanical stability, low softening, low volatility, and high viscosity index.
- In automobile manufacturing operations, high-temperature greases are being used in engines, brake, and chassis areas. These greases function by creating a thin film between the moving parts for enhancing the transfer of heat and reducing tension during the contact of parts.
- The usage of combustion engine vehicles in developing countries such as India, Indonesia, Africa, and other some Middle-Eastern countries has been increasing in recent years. This is one of the primary reasons for the increase in the demand for high-temperature greases from the automotive segment in recent times.
- The demand for steel production and casting industries is also rising. As these industries deal with higher temperatures, companies have been adopting the usage of high-temperature grease for equipment such as furnaces, hydraulics, and others.
- The impact of the COVID-19 shutdowns is expected to decrease the usage and demand for high-temperature grease from different sectors in the near future.
- However, the growth potential automotive sector in developing countries, and the expected increase consumption of steel for various applications, are expected to drive the market for high-temperature grease lubricants through the years to come.
Asia Pacific Region to Dominate the Market
- Asia-Pacific is expected to dominate the global market owing to the highly developed automotive sector in China, India, and Japan, coupled with the development of energy and industrial sectors in the region in recent years.
- Due to the continuous support from governments, the energy sector in Asia-Pacific has been growing continuously for the past five years. High-temperature greases are being used for nuclear and steam power stations and wind turbines.
- According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), Asia-Pacific leads global automobile production in recent years. China is the largest producer of automobiles and accounts for more than 28% of the global share in recent years.
- Rapid industrialization, steel production, and mining industries in Asia-Pacific have witnessed decent growth in 2018 and remained constant in 2019. Due to this, there was more supply of high-temperature greases in this region.
- Asia-Pacific is the largest lubricant consumer in the region, and the world, followed by Europe. The outbreak of COVID-19 has affected the economic growth of all the countries at present, as almost all the manufacturing and service sectors have been stopped due to lockdown.
- Moreover, increasing various manufacturing industries such as steel and automotive in India and other ASEAN countries, growth in the energy sector are expected to support the demand for high-temperature greases through the years to come.
High Temperature Grease Industry Overview
The high-temperature grease market is fragmented in nature with many players competing in the market. Some of the major companies are Royal Dutch Shell, Exxon Mobil Corporation, Chevron Corporation, TOTAL S.A, and Sinopec, among others.
High Temperature Grease Market Leaders
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Royal Dutch Shell Plc
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Exxon Mobil Corporation
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Chevron Corporation
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TOTAL S.A
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Sinopec
*Disclaimer: Major Players sorted in no particular order
High Temperature Grease Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Applications from the Industrial Sector
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4.1.2 Growing Demand from the Automotive Industry in Developing Countries
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4.2 Restraints
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4.2.1 Impact of COVID-19
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Types
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5.1.1 Soap-based
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5.1.2 Non-Soap-based
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5.2 End-user Industry
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5.2.1 Automotive
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5.2.2 Steel
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5.2.3 Energy
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5.2.4 Mining
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5.2.5 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Russia
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5.3.3.6 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East & Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%) /Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BP plc (Castrol)
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6.4.2 Chevron Corporation
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6.4.3 Condat Corporation
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6.4.4 Exxon Mobil Corporation
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6.4.5 Fuchs Petrolub AG
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6.4.6 PETRONAS
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6.4.7 Royal Dutch Shell Plc
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6.4.8 Sinopec
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6.4.9 Sumico lubricant co. ltd
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6.4.10 TOTAL S.A
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Demand from Marine Industry
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7.2 Other Opportunities
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High Temperature Grease Industry Segmentation
The High-Temperature Grease Market report include:
| Types | |
| Soap-based | |
| Non-Soap-based |
| End-user Industry | |
| Automotive | |
| Steel | |
| Energy | |
| Mining | |
| Other End-user Industries |
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High Temperature Grease Market Research FAQs
What is the current High-Temperature Grease Market size?
The High-Temperature Grease Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in High-Temperature Grease Market?
Royal Dutch Shell Plc , Exxon Mobil Corporation , Chevron Corporation , TOTAL S.A and Sinopec are the major companies operating in the High-Temperature Grease Market.
Which is the fastest growing region in High-Temperature Grease Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in High-Temperature Grease Market?
In 2024, the Asia Pacific accounts for the largest market share in High-Temperature Grease Market.
What years does this High-Temperature Grease Market cover?
The report covers the High-Temperature Grease Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High-Temperature Grease Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
High-Temperature Grease Industry Report
Statistics for the 2024 High-Temperature Grease market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. High-Temperature Grease analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
