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

6 pages
Frost & Sullivan: Technology AccelerationFrost & Sullivan: Technology Acceleration Creates a Fertile Market for High- performance Industrial Greases PR Newswire LONDON, March 31, 2014 -- Manufacturers that provide innovative, cost-efficient and comprehensive solutions will garner the highest market shares 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.
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Frost & Sullivan: Technology Acceleration Creates a Fertile Market for High-performance Industrial Greases

PR Newswire

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

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.