Grease is a semi-solid lubricant. Industrial and automotive greases are its primary categories. It is a mixture of a fluid lubricant, usually petroleum oil, and a thickener, usually soap, dispersed in oil. The base oil (petroleum oil) can even be a pre-used lubricant. The thickener plays an important role in the mixture as a sponge that holds the lubricant oil. The soap thickeners are produced by the reaction between a metallic hydroxide or an alkali and a fat/fatty acid or an ester. The different types of soaps used in production are calcium soap, aluminum soap, lithium soap, and sodium soap. Sodium soaps are stable at high temperatures, while lithium ones are resistant to both heat and moisture.
Recovering Construction Sector to Fuel the Market Growth
The construction industry in Europe has been on a recovering path after witnessing a downfall in 2012-13. Turkey, Spain, and the United Kingdom are expected to witness the fastest growth rates for the consumption of greases, owing to the increasing commercial and public infrastructure investments. The growing public-private partnership infrastructure projects and the modernization of the transport infrastructure in the Eastern European countries are expected to be the driving factors for the growth of the grease market in the region.
Lithium Greases Witnessing a Stable Growth
Lithium greases are among the widely used metal greases at a global level as well as in the European region. It is estimated that they contribute to over 50% of the total greases consumed in Europe, with a majority of lithium greases finding applications in the automotive sector. However, lithium complexes are facing hurdles due to the growing environment-related regulations in the region. The newer formulations, such as Boric acid thickeners, can be used as alternatives to lithium greases, which is another restraint for the growth of the lithium greases market in Europe.
Russia leading the Demand
Russia is the largest market, in terms of demand, for greases in the European region. It occupied a market share of almost 19% in 2017. A slowdown in the growth rate has been observed in 2016 – 2017, due to the fluctuations in the economy and the decline in the automotive production in the country. However, the consumption of greases has increased in 2018 with the significant increase in the production and the sales of new motor vehicles in addition to the improving economic conditions in the country.
Key Developments in the Market
November 2017: A three-year lubricants and services agreement has been signed between Total Lubrifiants and ArcelorMittal.
May 2017: Total Lubricants and CLAAS, a major player in the agriculture machinery industry, renewed their partnership till 2021.
January 2017: BP signed an agreement with Renault Sport Racing for a new partnership to provide fuel and lubricants for the Formula-1 season.
Major Players: Axel Christiernsson, Bel-Ray Company LLC, SKF, Royal Dutch Shell PLC, Fuchs, and Total Lubricants, among others.
Reasons to Purchase this Report
- To analyze the current and future of the Europe grease market in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To identify the segment that is expected to dominate the market
- To identify the countries that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness- Porters Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Development of Advanced Greases for High-End Applications
4.1.2 Recovering Construction Industry and Increasing Automotive Sales
4.2.1 Stringent Environmental Regulations
4.2.2 Other Restraints
4.3.1 Introduction of High-Performance Grease Products
4.3.2 Other Opportunities
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Thickeners
5.1.1 Metal Soaps
5.1.2 Other Thickeners
5.2 By End-user Industry
5.2.1 Power Generation
5.2.2 Automotive & Other trans.
5.2.3 Heavy Equipment
5.2.4 Food & Beverage
5.2.5 Metallurgy & Metal Working
5.2.6 Chemical Manufacturing
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.2 United Kingdom
6.5 Rest of Europe
7. Competitive Landscape
7.1 Mergers, Acquisitions, Joint Ventures, Collaborations & Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Axel Christiernsson
8.3 Bel-Ray Company, LLC
8.4 Brugarolas, SA
8.7 Condat Lubrifiants
8.8 Dow Corning
8.9 Exxon Mobil Corp.
8.11 JX Nippon Oil & Energy Co.
8.12 Gazpromneft - Lubricants, Ltd
8.13 Klüber Lubrication.
8.15 Orlen Oil
8.16 Petrol Ofisi
8.18 Royal Dutch Shell
8.20 Total SA
*List not exhaustive
**Subject to availability on public domain
- Axel Christiernsson
- Bel-Ray Company LLC
- Brugarolas S.A
- Condat Lubrifiants
- Dow Corning
- Exxon Mobil Corp.
- JX Nippon Oil & Energy Co.,
- Gazpromneft - Lubricants Ltd
- Klüber Lubrication.
- Orlen Oil
- Petrol Ofisi
- Total SA