High-Temperature Grease and Lubricants Market Report 2024

This High-Temperature Grease And Lubricants market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The high-temperature grease and lubricants market size has grown strongly in recent years. It will grow from $25.28 billion in 2023 to $26.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed during the historic period can be attributed to several factors, including increased industrial activities, heightened environmental awareness and regulations, expansion in the automotive industry, stricter regulatory standards for lubricants, and a rising demand for greases capable of withstanding aggressive chemicals.

The high-temperature grease and lubricants market size is expected to see strong growth in the next few years. It will grow to $34.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The projected growth during the forecast period can be attributed to several factors, including increased investments in research and development, growth in the development and use of synthetic lubricants, a focus on ensuring the safety and reliability of lubricants, efforts to streamline supply chains, and rising manufacturing activity. Major trends expected during this period include the development of advanced synthetic lubricants, ongoing innovation in lubricant formulations and additive technologies, the creation of environmentally friendly lubricants, the use of digital technologies and IoT for real-time monitoring and optimization of lubricant performance, and technological advancements in product formulations.

The rise in manufacturing activity is anticipated to drive the growth of the high-temperature grease and lubricant market. Manufacturing involves converting raw materials into finished products using machinery, tools, and labor. This sector is expanding due to increased demand for consumer goods, improvements in supply chain integration, supportive government policies, and a focus on sustainability. High-temperature greases and lubricants play a crucial role in reducing friction and wear in challenging environments, thereby enhancing mechanical efficiency and durability. They help prevent overheating, reduce downtime, and contribute to a safer and more reliable manufacturing environment. For example, the Office for National Statistics reported in July 2024 that the total value of product sales by UK manufacturers reached £429.8 billion ($469.34 billion) in 2022, a £28.4 billion ($31.01 billion) increase from £401.5 billion ($438.43 billion) in 2021, reflecting a 7% growth. This increase in manufacturing activity is fueling the expansion of the high-temperature grease and lubricant market.

Leading companies in this market are concentrating on creating advanced products such as multi-purpose lithium grease to ensure reliability under extreme conditions and address the need for high-efficiency lubrication in various industrial settings. Multi-purpose lithium grease is known for its versatility and includes lithium soap and several base oils, offering excellent thermal stability, water resistance, and mechanical stability suitable for automotive use. For instance, in July 2024, Rexco Lubricants, based in Indonesia, introduced Rexco 82 and Rexco 60. Rexco 82 is formulated to clean braking systems, nuts, bolts, and machine parts without risk of combustion, thereby extending component life. Rexco 60 is a high-temperature multi-purpose lithium grease designed for lubricating vehicle parts such as joints, shafts, and bearings while withstanding extreme operating conditions and temperatures. It adheres well to metal surfaces, providing long-lasting lubrication that reduces friction and wear, protects against water and dirt, and minimizes heat generation during operation, ensuring smooth performance and component longevity.

In January 2023, Metalloid Corporation, a US-based producer of metalworking fluids, acquired AccroLube from Accro-Seal Inc. for an undisclosed amount. This acquisition allows Metalloid to broaden its metalworking fluid offerings by incorporating high-temperature lubricants with superior film strength. The addition of AccroLube aligns with rising industrial needs, providing comprehensive solutions for enhanced productivity, reduced waste, and lower manufacturing costs. Accro-Seal Inc., based in the US, specializes in high-temperature grease products, including AccroLube, a high-temperature polyurea grease.

Major companies operating in the high-temperature grease and lubricants market are Exxon Mobil Corporation, China Petroleum & Chemical Corporation, Shell plc, TotalEnergies SE, BP Plc, Chevron Corporation, ENEOS Holdings Inc., DuPont de Nemours Inc., Fuchs SE, Quaker Chemical Corporation, Valvoline Inc., Kluber Lubrication India Pvt Ltd., PETRONAS Lubricants International, Castrol Limited, Gulf Oil International Ltd., Nye Lubricants Inc., Rocol, Lubrication Engineers Inc., Bel-Ray Company Llc, ADDINOL Lube Oil GmbH, Prolong Super Lubricants.

North America was the largest region in the high-temperature grease and lubricants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high-temperature grease and lubricants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the high-temperature grease and lubricants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

High-temperature greases and lubricants are specialized formulations designed to withstand extreme temperatures, ranging from -40°C to 300°C or higher. They are engineered to resist thermal degradation and oxidation, ensuring reliable performance in high-temperature environments. These lubricants also contain additives that protect metal surfaces from oxidation and corrosion.

The main types of high-temperature greases and lubricants include those with soap thickeners and non-soap thickeners. Soap thickeners are materials used in lubricating grease to create structure and maintain consistency. These products are distributed through various channels, both direct and indirect, and are used in a range of applications such as automotive, construction, and chemical industries, among others.

The high-temperature grease and lubricants market research report is one of a series of new reports that provides high-temperature grease and lubricants market statistics, including the high-temperature grease and lubricants industry global market size, regional shares, competitors with the high-temperature grease and lubricants market share, detailed high-temperature grease and lubricants market segments, market trends, and opportunities, and any further data you may need to thrive in the high-temperature grease and lubricants industry. These high-temperature grease and lubricants market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The high-temperature grease and lubricants market consists of sales of base oil, anti-seize compounds, and additives. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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