ExxonMobil announces plans to invest in the development of advanced high-temperature grease formulations for the automotive and industrial sectors. The company aims to enhance the performance and sustainability of its lubricant products in extreme operating conditions.
TotalEnergies introduces a new line of high-temperature grease products designed for applications in renewable energy, including wind turbines and solar power systems. The company aims to cater to the growing demand for lubricants in the renewable energy sector.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5121
Published Date: Jul 31, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing industrial sector is the major factor driving the market growth.
The market size of high temperature grease is anticipated to attain a CAGR of 11% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are The Dow Chemical Company (Dow Silicones), TotalEnergies (formerly Total S.A.), FUCHS Group, SKF Group, and others.
The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.