Press release
The Lithium Grease Market to Reach $3.5 Billion by 2027. Biofuel-Based Vehicles to Create Enormous Opportunities | Arizton
According to Arizton's latest research report, the lithium grease market is expected to grow at a CAGR of 4.9% during the forecast period. Increased fuel prices boosted the demand for EVs and biofuel-based vehicles. Therefore, the production of EVs and biofuel-based vehicles is set to increase in the coming years, which will increase the demand for lithium grease for lubrication purposes.Download the free sample now: https://www.arizton.com/request-sample/3373
Top market players focus on the improvement of grease efficiency by adding different additives, mixing soaps, and changing compositions due to market competition. End-users, such as manufacturing, building & construction, and mining industries, require lithium grease that can be used in extreme pressure and temperature conditions and can last for a long time. Therefore, manufacturers should focus on innovations to increase their market shares. Shell (UK), Phillips 66 (US), Sinopec (China), ExxonMobil (US), and TotalEnergies (France) have a strong market position, and these companies compete strategically in the global lithium grease market. Companies invest and focus on the improvement of lithium grease efficiency as most end-users prefer high-performance lithium grease. However, companies face a lithium thickener shortage due to its high demand in the EV market.
MARKET SEGMENTATION
Thickener Type
• Simple
• Complex
Application
• General Purpose
• Heavy Duty
End-Use
• Automotive & Transportation
• Industrial
• Building
• Mining
• Others
Geography
• North America
o US
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Rest of Europe
• APAC
o China
o India
o Japan
o Australia
o South Korea
o Rest of APAC
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o Iran
o South Africa
o UAE
o Rest of MEA
MAJOR VENDORS
• Shell PLC
• Philips 666
• Sinopec
• ExxonMobil
• Total Energies
OTHER PROMINENT VENDORS
• Chevron Corporation
• Petronas Lubricant
• PT Pertamania Lubricants
• Rosneft Lubricant
• Eneos Corporation
• ENI
• HP Lubricant Inc
• Eurol
• Fuchs Lubricants
• Paras Lubricant
• Valvoline
• Lucas Oil Products
• Gulf Oil Lubricants
• CJ Chemicals
• Adolf7 Automotive Industries
• Tide Water Oil Co.
• BP Plc
• Joseph Fazzio Inc
• Idemitsu Kosan Co.
• Bharat Petroleum
To know more: https://www.arizton.com/market-reports/lithium-grease-market
About Arizton
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory and Intelligence
Call: +1-312-235-2040
+1 302 469 0707
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