What is Universal Grease?
Universal grease is a lubricant that tends to protect more external and internal areas of vehicles. It is the high-performance grease for long-term lubrication of machine components at high temperatures, speeds and loads. The universal grease is trending due to good stability, high-temperature characteristics. This grease also resists the hot and cold water. Moreover, the growing demand for universal grease for lubrication of roller and plain bearings, threaded spindles, gearwheels and similar components in the food, drink, and textile industries will be expected to grow the global universal grease market in the forecast period.
The market study is broken down by Type (Universal Lithium Grease and Other Soap Universal Grease), by Application (Bearings, Gearbox, Chain, Machinery and Others) and major geographies with country level break-up.
Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Universal Grease market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Royal Dutch Shell (Netherland), SKF (Sweden), ExxonMobil Corporation (United States), Total S.A. (France) (Germany), ADDINOL Lube Oil (Germany), Chevron Corporation (United States), Fuchs Petrolub SE (Germany), BP Plc (United Kingdom), Timken Company (United States) and ROCOL (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Anti-Seize Technology (United States), AMBRO-SOL (Italy), Lubriplate Lubricants Co. (United States), Eurol B.V. (Netherland) and NYCO Corporate (France).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Universal Grease market by Type, Application and Region.
On the basis of geography, the market of Universal Grease has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Marine will boost the Universal Grease market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online (E-commerce Website, Manufacturers Website) will boost the Universal Grease market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Drum will boost the Universal Grease market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Lithium will boost the Universal Grease market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In January 2020, Fuchs Petrolub SE has acquired Nye Lubricants Inc. The FUCHS Group further expands its specialty lubricants product portfolio, offering engineered solutions across multiple markets while creating opportunities to serve new high-end, critical applications.
In November 2019, Petro-Canada Lubricants, a HollyFrontier business has launched its new high-performance automatic lubricator, GREASE-N-GO. It delivers the right amount of lubricant at the right time to ensure superior protection of equipment operating in the food manufacturing, general manufacturing, and construction, petrochemical, and heavy-duty industries.
Market Trend
- High-Performance Grease for Long-Term Lubrication of Machine Component at High Temperature, Loads and Speeds
Market Drivers
- Increasing Demand from End-Use Industries for Various Applications of Lubricating Bearings, Roller and Spindles
- Growing Demand Due to the Excellent Oxidation Stability, Excellent Rust Protection, and Wear Protection
Opportunities
- Production of Universal Grease for Aircraft Applications
- Increasing Production of Grease in Various Regions of North America and Europe As Well As in Asia Pacific Countries Such as India and Japan
Restraints
- Universal Grease Does Not Remove the Heat As Compared To Oil
- Fluctuating Prices of Oil in the Global Market
Challenges
- Not Suitable for Low- Speed Operations
Key Target Audience
Universal Grease Manufacturer, Raw Material Suppliers, Crude Oil Industries, Suppliers/Distributers, Chemical Industries, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.