Moly Grease Market: Introduction
- Molybdenum disulfide is one of the best known solid lubricants and is used in various industries for smooth functioning of machines and equipment.
- Molybdenum disulfide is used extensively in greases like moly grease which is a specially blended formulation of complex non soap based grease fortified with molybdenum disulfide.
- Moly grease is effectively used in the lubrication of high speed, ball and roller bearings, needle bearings and plain bearings under heavy loads.
- Moly Grease has long term thermal stability over wide temperature range of -18 °C to 450 °C.
- Moly grease protects bearings from corrosion, contaminants & water, repel leakage, resist change in consistency or structure during service, and maintain flexibility under conditions of application.
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Key Drivers and Restraints of Moly Grease Market
- Increased growth automobile sector across the globe is anticipated to boost demand for moly grease market. Moly grease is used heavily in automobile sector such as in ball joints, wheel bearing, pedal shafts, steering linkages, and control arms for lubrication, and the growth of the automobile industry is going to drive the demand for moly grease in near future.
- The rise in industrialization and manufacturing industries all around the world could be another key driver for moly grease market. Moly grease provides excellent mechanical and extreme pressure stability along with anti-wear, water resistance and corrosion protection properties which makes it an excellent lubricant for industries such as military, aerospace, construction equipments, and for other manufacturing industries.
- Increase investment and numerous upcoming construction projects in developing countries such as China, India, Brazil, Mexico, Indonesia etc. are expected to drive the market.
- Presence of cheaper substitute product such as synthetic greases have similar chemical and physical property, which could be the major restrain for the moly grease market.
Global Moly Grease Market
- The global Moly Grease market can be segmented in terms of end user Industry and region
- Global Moly Grease market can be segmented by end user industry into automotive & transportation, construction equipment, military, aerospace, and others. In 2018, automotive & transportation industry dominated the market and is expected to grow at a substantial pace during the forecast period due to increasing demand for vehicles in near future.
- Based on region, global Moly Grease market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
- Asia Pacific has dominated the global moly grease market in 2018. It is expected to grow during the forecast period, as developing countries like China, India, Indonesia, and Taiwan has shown tremendous growth potential and demand from various industries for moly grease.
- China dominates moly grease market in Asia Pacific region and is expected to maintain its dominance during the forecast period, owing to the growth of automobile industry in the country.
- North America region is projected to make substantial growth in the market of moly grease in forecast period due to rapidly growing infrastructure and industrialization in the U.S. and Canada. The U.S. is one of the major player in automobile, military and aerospace manufacturing would dominate the region market.
- Europe is expected to grow at a steady CAGR during the forecast period owing to swift industrial development.
- The Middle East & Africa region is expected to contribute significantly during the forecast period.
- Latina America had shown steady growth in automobile sector during 2018 and is expected to show growth during forecast period and hence moly grease market is also expected to grow.
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- In January 2019, Castrol is strategically expanding the production of lubricants from the Silvassa plant. As company is investing around US$ 19.8 Mn in period of 2 years to increase the production of lubricants by 50%
- In May 2018, Valvoline, one of the leading worldwide supplier of premium branded lubricants, announced the plan to build its first plant in China. With expected investment of approximately $70 million, it will be Valvoline’s single largest blending plant investment worldwide.
Key Players in Market
- Castrol Limited
- Mosil Lubricants
- Anand Engineers Pvt. Ltd.
- Stanlubes & Specialities (India) Pvt. Ltd.
- LIQUI MOLY GmbH
- SUMICO LUBRICANT CO., LTD.
- Maax Lubrication Pvt Ltd
- Taurus Petroleums Private Limited
- M. R. Silicone Industries
The Global Moly Grease Market: Research Scope
The Global Moly Grease Market, by End-use Industry
- Automotive & Transportation
- Construction Equipment
The Global Moly Grease Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.