High Temperature Grease Market Share

  • Report ID: 5121
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

High Temperature Grease Market Share

APAC Market Forecast

Asia Pacific industry is expected to account for largest revenue share of 38% by 2037. The Asia-Pacific region has been witnessing rapid industrialization, leading to increased demand for high-temperature greases in various industries such as steel, cement, automotive, and electronics. The automotive sector in the Asia-Pacific region has been expanding, driven by rising consumer incomes, urbanization, and increased demand for vehicles. In 2020, the Asia-Pacific region accounted for over 50% of the global automotive production, making it the largest automotive manufacturing hub in the world.

The aerospace and defense sectors in the Asia-Pacific region have been growing, with increasing investments in aviation, defense, and space exploration projects. The Asia-Pacific region has been focusing on increasing its renewable energy capacity and power generation, leading to a higher demand for high-temperature greases in wind turbines and other renewable energy systems.

North American Market Statistics

The high temperature grease market in North America is projected to hold the second-largest share during the forecast period. North America has a diverse and robust industrial sector, including manufacturing, automotive, aerospace, and energy, which drives the demand for high-temperature greases in various applications.

North America is a leading hub for automotive research and innovation, resulting in the development of advanced vehicles that require high-temperature greases to withstand extreme operating conditions. The aerospace and defense sectors in North America receive substantial investments, leading to increased demand for high-temperature greases in aviation, defense, and space applications.

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Author Credits:  Rajrani Baghel


  • Report ID: 5121
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of antifreeze is estimated at USD 18.74 billion.

The high temperature grease market size was valued at USD 17.25 billion in 2024 and is likely to cross USD 65.43 billion by 2037, expanding at more than 10.8% CAGR during the forecast period i.e., between 2025-2037. Increasing industrial sector will drive the market growth.

Asia Pacific industry is expected to account for largest revenue share of 38% by 2037, driven by rising consumer incomes, urbanization, and increased demand for vehicles in the region.

The major players in the market are Shell Oil Company, ExxonMobil Corporation, Chevron Corporation, Klüber Lubrication München SE & Co. KG, The Dow Chemical Company, TotalEnergies SE, FUCHS Lubricants Co., SKF Group, China Petroleum & Chemical Corporation, Petro-Canada Lubricants Inc.
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