Dublin, Nov. 22, 2022 (GLOBE NEWSWIRE) -- The "Polyurea Grease Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global polyurea grease market is expected to grow at a CAGR of 7.71% during 2022-2027.
Polyurea being organic in nature, is gaining importance due to several advantages over lithium grease. The polyurea grease market has a bright scope for standardization of manufacturing procedures, making it cost-effective. It also makes it an alternative to lithium complex grease, as polyurea is made from organic components and is more environmentally friendly than other metallic greases.
Polyurea grease is manufactured using base oil, polyurea soaps, and additives. It is prepared using diamines, monoamines, diisocyanates, and monoisocyanates and is widely used for lubrication, increasing mechanical systems' efficiency. One of the main advantages of the polyurea greases market is that it can withstand high temperature, has excellent load-bearing properties, and help to protect equipment from corrosion and wear.
The market is gaining importance as it is used as an alternative to conventional soap-based grease due to its beneficial physical and chemical properties for specific applications. The global polyurea grease market is witnessing unprecedented changes as customers are demanding high-performance lubricants that can enhance the efficiency of their manufacturing machinery and other equipment.
Industry Opportunities and Trends
Rising Demand For High-Efficiency Greases
Polyurea is the thickeners that are the reaction product of di-isocyanate combined with mono and/or diamines. These products have inherent oxidation stability, thermal stability, excellent water resistance, and low oil bleed characteristics.
Polyurea grease exhibits extreme temperature performance, intrinsic antioxidative properties, good water resistance, suitable mechanical stability, and can exhibit either high-shear stability or thixotropic behaviors. These properties have made polyurea grease a better option for filled-for-life applications.
High Growth in EV Market
The increase in EV adoption would influence the polyurea grease market as the automotive industry is one of the main end-users of polyurea grease. The efficiency and presence of electrical current and electromagnetic fields from electric modules, sensors, and circuits should be considered while manufacturing polyurea grease for EVs. Manufacturers should also consider thermal transfers, seals, and material compatibility.
Electric vehicles (EVs) run on electric motors, but transmission assembly is required to transmit the power from motor to wheel. Electric vehicle transmission assembly comprises a single or multi-gearbox axle rod to transmit power. All these parts need to be lubricated to work efficiently. Polyurea grease is also used in EVs to lubricate door locks, hinges, bearings, and other small joints, which boosts the polyurea grease market growth in the EV category.
Industry Restraints
Compatibility Issues of Greases
Greases are compatible with each other if the specific specification of both greases is similar. The dropping point temperature is the essential factor that should be considered while checking grease compatibility. Conventional polyurea greases had a lot of issues with compatibility with other greases except for calcium complex and sheer stable polyurea. Polyurea thickeners are usually compatible with lithium and complex lithium thickeners.
Competitive Analysis
The global polyurea grease market is characterized by the presence of diverse international & regional vendors; as international players increase their footprint in the industry, regional vendors will find it increasingly difficult to compete with them.
However, some global players such as Shell PLC (UK), ExxonMobil Corporation (US), Chevron Corporation (US), Total Energies (France), Castrol (UK), and many more have developed a complete product portfolio for the industry. The competition is expected to be based on prices & terms of features such as quality, quantity, durability & ability to sustain the load.
In addition, demand for electric and hybrid vehicles is increasing rapidly. It has increased the demand for lubricants compatible with electric and hybrid vehicles, which is expected to boost the global market. As a result, many lubricant manufacturers have formed partnerships with electric and hybrid vehicle
Key Vendors
- Castrol
- Chevron Corporation
- ExxonMobil Corporation
- Shell PLC
- TotalEnergies
Other Prominent Vendors
- Axel Christiernsson
- Bechem
- Bharat Petroleum Corporation Limited
- Canoil Canada ltd
- Eneos Corporation
- ENI
- FUCHS
- HP Lubricant
- Idemitsu Kosan Co., Ltd.
- Kluber Lubrication
- Lukoil
- MOSIL Lubricants
- Nemco lubricants
- Petro Canada Lubricants Inc
- Petronas Lubricants International
- Philips 66
- Schaeffer Manufacturing Co.
- Sinopec Corporation
- SKF
- Vinayak Oil
Key Questions Answered:
1. What is the revenue from the global Polyurea Grease Market?
2. What is the projected global Polyurea Grease Market share by 2027?
3. What is the growth rate of the Polyurea Grease Market?
4. Which region dominates the global polyurea grease market?
5. What are the key driving factors in the polyurea grease Market?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.3.1 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Premium Insights
6.1 Polyurea Grease Market - Global Forecast (2022-2027)
6.1.1 Market Overview
6.2 Market Synopsis
6.2.1 Opportunities & Trends
6.2.2 Enablers
6.2.3 Restraints
6.3 Segment Review
6.3.1 Companies & Strategies
7 Market at a Glance
8 Introduction
8.1 Overview
8.2 Value Chain Analysis
8.2.1 Raw Material Suppliers
8.2.2 Manufacturers
8.2.3 Distributors
8.2.4 End-Users
9 Market Opportunities & Trends
9.1 Higher Sustainability Standards
9.2 Rise in Demand for High-Efficiency Grease
10 Market Growth Enablers
10.1 High Growth of Ev Market
10.2 Higher Use of Automation Across Industries
11 Market Restraints
11.1 Compatibility Issues With Grease
11.2 Stringent Environmental Regulations
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry
13 Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Multipurpose
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market by Geography (Value & Volume)
13.4 Heavy-Duty
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market by Geography (Value & Volume)
14 End-User
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Manufacturing
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Market by Geography (Value & Volume)
14.4 Construction
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market by Geography (Value & Volume)
14.5 Automotive
14.5.1 Market Overview
14.5.2 Market Size & Forecast
14.5.3 Market by Geography (Value & Volume)
14.6 Mining
14.6.1 Market Overview
14.6.2 Market Size & Forecast
14.6.3 Market by Geography (Value & Volume)
14.7 Others
14.7.1 Market Overview
14.7.2 Market Size & Forecast
14.7.3 Market by Geography (Value & Volume)
15 Geography
16 North America
17 Europe
18 APAC
19 Latin America
20 Middle East & Africa
21 Competitive Landscape
21.1 Competition Overview
21.2 Recent Developments
22 Key Company Profiles
22.1 Castrol
22.1.1 Company Overview
22.1.2 Castrol in Polyurea Grease Market
22.1.3 Business Overview
22.1.4 Product Offerings
22.1.5 Key Strategies
22.1.6 Key Strengths
22.1.7 Key Opportunities
22.2 Chevron Corporation
22.2.1 Company Overview
22.2.2 Chevron Corporation in Polyurea Grease Market
22.2.3 Financial Overview
22.2.4 Product Offerings
22.2.5 Key Strategies
22.2.6 Key Strengths
22.2.7 Key Opportunities
22.3 Exxonmobil Corporation
22.3.1 Company Overview
22.3.2 Exxonmobil Corporation in Polyurea Grease Market
22.3.3 Business Overview
22.3.4 Product Offerings
22.3.5 Key Strategies
22.3.6 Key Strengths
22.3.7 Key Opportunities
22.4 Shell plc
22.4.1 Company Overview
22.4.2 Shell plc in Polyurea Grease Market
22.4.3 Business Overview
22.4.4 Product Offerings
22.4.5 Key Strategies
22.4.6 Key Strengths
22.4.7 Key Opportunities
22.5 Total Energies
22.5.1 Company Overview
22.5.2 Total Energies in Polyurea Grease Market
22.5.3 Business Overview
22.5.4 Product Offerings
22.5.5 Key Strategies
22.5.6 Key Strengths
22.5.7 Key Opportunities
23 Other Prominent Vendors
23.1 Axel Christiernsson
23.1.1 Company Overview
23.1.2 Product Offerings
23.2 Bechem
23.2.1 Company Overview
23.2.2 Product Offerings
23.3 Bharat Petroleum Corporation Limited
23.3.1 Company Overview
23.3.2 Product Offerings
23.4 Canoil Canada Ltd
23.4.1 Company Overview
23.4.2 Product Offerings
23.5 Eneos Corporation
23.5.1 Company Overview
23.5.2 Product Offerings
23.6 Eni
23.6.1 Company Overview
23.6.2 Product Offerings
23.7 Fuchs
23.7.1 Company Overview
23.7.2 Product Offerings
23.8 Hp Lubricants
23.8.1 Company Overview
23.8.2 Product Offerings
23.9 Idemitsu Kosan Co. Ltd.
23.9.1 Company Overview
23.9.2 Product Offerings
23.10 Kluber Lubrication
23.10.1 Company Overview
23.10.2 Product Offerings
23.11 Lukoil
23.11.1 Company Overview
23.11.2 Product Offerings
23.12 Mosil Lubricants
23.12.1 Company Overview
23.12.2 Product Offerings
23.13 Nemco Lubricants
23.13.1 Company Overview
23.13.2 Product Offerings
23.14 Petro Canada Lubricants Inc.
23.14.1 Company Overview
23.14.2 Product Offerings
23.15 Petronas Lubricants International
23.15.1 Company Overview
23.15.2 Product Offerings
23.16 Phillips 66
23.16.1 Company Overview
23.16.2 Product Offerings
23.17 Schaeffer Manufacturing Co.
23.17.1 Company Overview
23.17.2 Product Offerings
23.18 Sinopec Corporation
23.18.1 Company Overview
23.18.2 Product Offerings
23.19 Skf
23.19.1 Company Overview
23.19.2 Product Offerings
23.20 Vinayak Oil
23.20.1 Company Overview
23.20.2 Product Offerings
24 Report Summary
25 Quantitative Summary
26 Appendix
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