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DUBLIN , July 15, 2022 /PRNewswire/ -- The "Lithium Grease Market - Global Outlook and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

Lithium grease is used for lubrication in mechanical systems. The primary purpose of lithium-based lubricants is to reduce friction between moving parts resulting in increased efficiency and output of the system. Grease also minimizes the wear of machine parts, increasing the life of components. Lithium grease accounts for more than 70% of the global grease market.

Glance through the report of more than 232 pages comprising 154 tables and more than 210 exhibits to develop a deep understanding of the market.

Increase in Demand for Automotive in Emerging Economies To Create Lucrative Opportunities.

The automotive industry is one of the significant consumers of lithium grease. Lithium grease is used in various parts, joints of automobiles, and even in chassis & wheel bearing applications. In emerging markets like China , India , Brazil , and Mexico , the demand for automotive increases due to increased population, increased purchasing power, and rising per capita income. In 2021, according to OICA, more than 71 million vehicles were manufactured across the globe, which is a 5 million rise compared to the previous year.

Rise of Automation in Industries is Driving the Growth of Lithium Greases Market.

Automation is the use of equipment and technology to automate production systems or processes to boost efficiency by decreasing manual labor. Automation has two main advantages: boosting production activities and reducing human errors. This keeps operations lean, efficient, and productive. There is an increase in the adoption of automation across different industries to increase production and reduce error and production costs. As automation increases, mechanical parts are constantly under motion and load, which mandates a high lubrication requirement for the system to work efficiently without any breakdown. This increases the demand for lithium grease for lubrication purposes.

Volatility in Price of Raw Material May Impact the Industry

As raw material prices fluctuate, manufacturers find it challenging to maintain the constant cost of lithium grease. In recent years, there has been a shortage in lithium availability due to high demand from the EV industry. There is a sudden increase in demand for lithium, and hence the prices are rising at a high rate. In addition, there is a constant fluctuation in crude oil prices, which impacts the cost of base oil used in production.

1. What is the Estimated Market Size of the Lithium Grease? 2. What is the Growth Rate of the Global Lithium Grease Market? 3. is the Analysis of the Lithium Complex Grease Market Included in the Report? 4. What Are the Key Strategies Focused on by the Lithium Grease Manufacturers? 5. Which Region Will Witness the Fastest Growth in the Global Lithium Grease Market?

1 Research Methodology 2 Research Objectives 3 Research Process 4 Scope & Coverage 4.1 Market Definition 4.2 Base Year 4.3 Scope of the Study 5 Report Assumptions & Caveats 5.1 Key Caveats 5.2 Currency Conversion 5.3 Market Derivation 6 Market at a Glance 7 Premium Insights 7.1 Lithium Grease Market 7.2 Market Synopsis 7.3 Segment Review 8 Introduction 8.1 Overview 8.2 Value Chain 9 Market Opportunities & Trends 9.1 Demand for Automobiles in Emerging Economies 9.2 Innovations in Lithium Grease 10 Market Growth Enablers 10.1 Rise of Automation in Industries 10.2 Demand for Electric Vehicles 10.3 Growth of Construction & Infrastructure Industry 11 Market Restraints 11.1 Raw Material Price Volatility 11.2 Availability of Low-Cost Substitutes 12 Market Landscape 12.1 Market Overview 12.2 Market Size & Forecast 12.3 Five Forces Analysis 13 Thickener 13.1 Market Snapshot & Growth Engine 13.2 Market Overview 13.3 Simple Lithium 13.4 Lithium Complex 14 Application 14.1 Market Snapshot & Growth Engine 14.2 Market Overview 14.3 General Purpose 14.4 Heavy Duty 15 End-Use 15.1 Market Snapshot & Growth Engine 15.2 Market Overview 15.3 Automotive & Transportation 15.4 General Manufacturing 15.5 Building & Construction 15.6 Mining 15.7 Others 16 Geography 16.1 Market Snapshot & Growth Engine 16.2 Geographic Overview 17 North America 17.1 Market Overview 17.2 Market Size & Forecast 17.3 Thickener Type 17.4 Application 17.5 End-Use Industry 17.6 Key Countries 17.7 US 17.8 Canada 18 Europe 19 APAC 20 Latin America 21 Middle East & Africa 22 Competitive Landscape 22.1 Competition Overview 23 Key Company Profiles 23.1 Shell plc 23.2 Phillips 66 Company 23.3 Sinopec Corporation 23.4 Exxon Mobil Corporation 23.5 Totalenergies 24 Other Prominent Vendors 24.1 Chevron Corporation 24.2 Petronas Lubricants International 24.3 Pt Pertamina Lubricants 24.4 Rosneft Lubricants 24.5 Eneos Corporation 24.6 Eni 24.7 Hp Lubricants 24.8 Eurol 24.9 Fuchs Lubricants (India ) Pvt. Ltd. 24.10 Paras Lubricants Limited 24.11 Valvoline 24.12 Lucas Oil Products, Inc. 24.13 Gulf Oil Lubricants India Ltd 24.14 Cj Chemicals 24.15 Adolf7 Automotive Industries Pvt. Ltd. 24.16 Tide Water Oil Co. (India ) Ltd. 24.17 Bp plc 24.18 Joseph Fazzio Inc. 24.19 Idemitsu Kosan Co. Ltd. 24.20 Bharat Petroleum Corporation Limited 25 Report Summary 25.1 Key Takeaways 25.2 Strategic Recommendations 26 Quantitative Summary 26.1 Thickener 26.2 Application 26.3 End-Use 27 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/8fx6ba

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