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Greases Procurement Research Report | Published: Jul 2016

Helping businesses make better purchasing decisions, faster

Greases: Procurement Research Report Highlights

Benchmark Price RFP/RFQ/Negotiation Questions
3-year Price Forecast Supply Chain Analysis
Supplier Intelligence Sample Buyer Decision Scorecard
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IBISWorld’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. IBISWorld’s Greases procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 13-16
IBISWorld Buyer
Power Score
Profit Benchmark
Profit Benchmark
Price Change 16-19
Price Change
Greases - Recent Price Trend

In the three years to 2016, the average price of greases has decreased at an estimated annualized rate of 1.9% to $500 per 120-pound container. This decline has been the result of a dramatic contraction in the price of crude oil, which is a major input in the production of greases. However, growing demand from the industrial and automotive sectors has kept prices for greases from falling at a... purchase to read more

Greases - Total Cost of Ownership

The total cost of ownership for grease products is low. The most significant cost of ownership is storage, which should be indoors in a climate-controlled environment. During both storage and use, some oil bleed (which occurs when the components of grease separate) will occur; however, the rate at which the oil bleed occurs will depend largely on how the grease is stored. Proper storage involves... purchase to read more


About This ReportRelated ReportsTable of Contents

This report is intended to help buyers of greases, which are a type of semisolid lubricant consisting of oil and a thickener. Other ingredients can be added to grease, including rust inhibitors and oxidation preventatives. Because of its thicker consistency, grease has a longer working life than liquid oil lubricants and can perform better under high temperatures. These factors make greases a popular choice for lubricating heavy machinery and other industrial equipment that is hard to take apart and expensive to maintain. Furthermore, silicone greases are often used to lubricate rubber components due to oil’s corrosive effect on rubber. Other types of lubricants, such as automotive lubricating oil and hydraulic oil, are excluded from this report. 

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