Latest News by Industry
DUBLIN--(BUSINESS WIRE)--Nov 28, 2022--
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.
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
Other Prominent Vendors
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?
Market Dynamics
Opportunities & Trends
Growth Enablers
Restraints
Market Segmentation
by Type
by End-User
by Geography
For more information about this report visit https://www.researchandmarkets.com/r/xq4hx6
View source version on businesswire.com:https://www.businesswire.com/news/home/20221128005527/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD:
INDUSTRY KEYWORD: CHEMICALS/PLASTICS ENERGY MANUFACTURING OIL/GAS
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/28/2022 10:30 AM/DISC: 11/28/2022 10:32 AM
http://www.businesswire.com/news/home/20221128005527/en