LONDON, Aug. 11, 2016 /PRNewswire/ -- This Persistence Market Research report examines the global industrial greases market for the forecast period 2015-2021. The primary objective of the report is to identify opportunities in the market and present updates and insights pertaining to various segments of the global industrial greases market.
Industrial greases are lubricating greases, which are used in various machines to reduce wear and tear from continuous use. They are formed from the amalgamation of base oils, thickeners, and additives. They are primarily used in maintaining machines in the manufacturing industries. The automotive industry is the largest industry segment in the industrial greases market due to their frequent application in the production and maintenance of automobiles. The industrial greases market largely follows the GDP growth of the respective region and fall trajectory with a high co-relation.
To understand and assess the opportunities in this market, the report is categorically divided into four main market analysis sections, i.e., by base oil type, by thickener type, by application, and by region. The report analyses the global industrial greases market in terms of market value (US$ Mn) and volume (Metric Tons).
The report begins with an overview of the global industrial greases market, appraising the market performance in terms of revenue and volume, followed by PMR's analysis of key trends, drivers, and restraints witnessed in the global industrial greases market. Impact analysis of key growth drivers and restraints based on the weighted average model are also included in the report to equip the client with crystal clear decision-making insights.
The subsequent section analyses the industrial greases market as per application, and presents a forecast for the period 2015?2021.
Applications assessed in the report include:
On road vehicles
Off-highway & construction
Mining and metallurgy
The report further analyzes the market based on regions and presents the forecast in terms of value for the next six years.
Regions assessed in the report include:
The Middle East & Africa
Industrial Greases market based on base oil type
Mineral oil based greases
Synthetic oil based greases
Semi-synthetic based greases
Bio based greases
To calculate the market size, the report considers various aspects based on secondary research. Furthermore, data points such as regional split and market split by application and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated by the global industrial greases market between 2015 and 2021.
When developing the market forecast, the starting point begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, PMR triangulates the data via a different analysis based on the supply side, demand side, and dynamics of the industrial greases market. However, quantifying the market across the above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyse on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities.
Another key feature of this report is the analysis of industrial greases market by region and application, and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective, in the global industrial greases market.
To understand key segments in terms of their growth and performance in the industrial greases market, Persistence Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global Industrial greases market.
In the final section of the report, the industrial greases market competitive landscape is included to provide a dashboard view of companies that manufacture and supply industrial greases. The report contains company profiles of some of the major players operating in the global industrial greases market.
Some of the market players featured in this report include:
Belray Company LLC
Exxon Mobil Corporation
Whitmore Manufacturing Company
Axel Christiernsson International AB
Dow Corning Corporation
Sinopec Lubricant Company
Royal Dutch Shell plc
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