Asia Pacific, led by China, India and Japan will register decent CAGR in molybdenum disulfide extreme pressure lithium grease market. Growth in the construction industry is boosting heavy duty vehicle demand, that consumes the product majorly. It is anticipated that India will be the fastest growing country in the construction industry by 2021 with the global share of over 6%. Indonesia will witness growth of over 5% in construction output per year. North America, especially the U.S. is one of the largest commercial vehicles producers such as trucks, minibuses and heavy construction vehicle. The product is extensively used in heavy vehicles for lubrication. Germany will provide a positive outlook of the molybdenum disulfide extreme pressure lithium grease market. The country hosts giants in automotive manufacturing and engineering companies such as Volkswagen, BASF and Daimler. The product is extensively used in automotive and industrial equipment.
Molybdenum Disulfide Extreme Pressure Lithium Grease Market size will depict a significant growth in next seven years. The product is smooth textured with high melting point, it is water resistant and is used to reduce wear by maintaining lubrications under high friction and shock load conditions. The compound has a characteristic to provide lubrication after grease has been displaced. It is highly suitable in chassis lubrication for trucks and construction vehicles working in heavy duty services. The product is extensively used in automotive and industrial sector for smooth functioning of the equipment.
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Growing automotive industry is preliminary driver for molybdenum disulfide extreme pressure lithium grease market. The product is used widely for lubrication in steering linkages, pedal shafts, wheel bearing, ball joints and control arms. It is commonly consumed as fifth wheel lubricants in trucks as it maintains protection after grease has be displaced. High performance, extreme pressure load capacity and high oxidation capacity of the compound is boosting molybdenum disulfide extreme pressure lithium grease market.
Rise in construction sector by over 3% annually from past five years is propelling molybdenum disulfide extreme pressure lithium grease market. The product is recommended for lubrication of heavily loaded journal bearings used in rock crushing and industrial plants. It provides excellent oxidation stability, corrosion protection and water resistance to the heavy load plants. Further, non-adverse effects on human health is complementing the product penetration.
Supply chain of molybdenum disulfide extreme pressure lithium grease market initiates from its manufacturing. It is formulated by base oils, thickener and additives. Post manufacturing, the compound is packed in varied size and shape containers to ease its transportation. The product is distributed to strategic locations for its usage, it is even made available for the customers in the retailer and dealers.
Challenges that can restrict molybdenum disulfide extreme pressure lithium grease market growth is limitations of the product. They can pose harm to slow speed gear application, such as it can cause high wear rates known as polishing. Additionally, product is not suitable for low temperature applications as it does not charge fully with the agent, that can affect working of the machinery.
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Molybdenum disulfide extreme pressure lithium grease market is diversified into types such as pastes, high performance industrial lubricating oil, compounds, dispersions and anti-friction coating. Based on container into bottle, can, pail, tote, cartridge, drum, ken, spray and tube. They are used in various sectors which are construction and automotive. Various types of application are construction equipment, trucks, industrial and rock crushing plants.
Prominent formulators in molybdenum disulfide extreme pressure lithium grease market are JX Groups, Molyslip, Whitmore, Chevron, Castrol, Total, Shell, Texano, Dow corning and Exxon Mobil. Chevron merged with Texano in 2000, the merger was planned to become a leading company in total stockholder return among the competitors. The move created the fourth largest oil company of the world with 25000 retail stores in over 6 continents. The companies have one of the biggest oil and gas equivalent in reserves and will focus on worldwide marketing business, significant growth platform for natural gas and power and industry leading skills in technology innovation.
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