Welcome!

News Feed Item

Frost & Sullivan: Technology Acceleration Creates a Fertile Market for High-performance Industrial Greases

Manufacturers that provide innovative, cost-efficient and comprehensive solutions will garner the highest market shares

LONDON, March 31, 2014 /PRNewswire/ -- The rapid pace of technology evolution across industries is stoking demand for improved performance and reliability, boosting the market for high-performance industrial greases. Manufacturers and distributors of industrial greases, especially synthetic and semi-synthetic oil-based industrial greases, are striving to meet evolving customer requirements to stay relevant in an intensely competitive market.

New analysis from Frost & Sullivan, Analysis of Industrial Greases Market and Opportunities for Bio-based Materials, finds that the market earned revenues of $1.22 billion in 2013 and estimates this to reach $1.82 billion in 2019. The automotive industry constitutes the largest application segment of mineral and synthetic greases. Other segments include pulp and paper, aerospace, mining, food processing, and power generation.

"Continuous technological improvements and innovative solutions in industrial greases will attract business from new industry sectors," said Frost & Sullivan Chemicals, Materials & Food Industry Analyst Anna Jarosik. "Further, close and active cooperation among grease designers, manufacturers and end users will support the production of highly customized grease systems, creating opportunities of market participants in a wider range of industries."

As a result of continuous R&D, there are likely to be changes in base oil types used in the production of industrial greases. These, in turn, are expected to result in various formulation changes that will be beneficial to some additive families, such as those used as oxidation and rust inhibitors.

Stricter regulations and environment standards, engine hardware changes, and extension of oil drain intervals will place additional pressure on industrial grease manufacturers to increase product performance, durability and robustness. Moreover, the harsher mechanical equipment operating conditions make a strong case for better performing industrial greases.

There is also considerable potential for environment-friendly industrial greases due to the rising environment consciousness all around the world. However, for this market to take off, manufacturers have to engage in promotions and be backed by government policies that mandate the use of bio-lubricants in key areas such as hydro power plants.

The industrial grease market is heavily reliant on the stability of the economy. The strong fluctuations in recent times have had a telling effect on its end-user industries such as heavy industries, automotive, and machinery, and this reduction in demand has rippled into the industrial greases market. The market is also restrained by high entry barriers erected by strong competition and the high conversion costs due to low grease compatibility.

In addition, the popularity of the new environment-friendly greases is proving to be double-edged, as they enable end users to reduce the frequency of change of industrial greases. However, their higher safety profile and biodegradability will give a leg up to the sales of 'green' industrial greases.

"The advantages of bio-lubricants are anticipated to tilt customer preferences toward industrial greases instead of lubricating oils or alternative products," noted Jarosik. "Therefore, increasing legislative pressure will go a long way in aiding the growth of the industrial greases market."

If you are interested in more information on this study, please send an email to Julia Nikishkina, Corporate Communications, at [email protected], with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

Analysis of Industrial Greases Market and Opportunities for Bio-based Materials is part of the Chemicals & Materials (http://www.chemicals.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Global Lubricant Market and the Impact of Bio-based Feedstock, Thermoset Resins Market in South Africa and Kenya, Indian Fuel Additive Market, and Light-weighting Role of Performance Plastics in the European Automotive Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

Analysis of Industrial Greases Market and Opportunities for Bio-based Materials
M9CC-39

Julia Nikishkina
Corporate Communications – Europe
P: +7 (499) 213 0156
E: [email protected]
LinkedIn: Future of Chemicals - A Frost & Sullivan Forum

http://www.frost.com

SOURCE Frost & Sullivan

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to transi...
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership abi...
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you ...
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and micro services. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your contain...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...