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Greases Procurement Research Report | Published: May 2014

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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The Greases procurement report contains data and analysis of current and future trends when buying goods and services. IBISWorld’s in-depth procurement research is always presented in a logical and consistent format for easy reference throughout a company. The Greases Procurement Research Report contains growth forecasts for a three-year outlook period and supplier profit benchmarks so your company can make the right purchasing decision.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 11-14
IBISWorld Buyer
Power Score
X.X
Profit Benchmark
Profit Benchmark
Price Change 14-17
Price Change
Greases - Recent Price Trend

Grease prices have risen strongly over the past three years, growing at an annualized rate of 6.1% to $607.50 per 120-pound container. After major declines in 2009, during the heart of the recession, industrial production picked up significantly. Furthermore, businesses have been ramping up their investments in industrial machinery and equipment. Growth in grease prices has been particularly... 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 storage, and even while being used, some oil bleed will develop. However, the rate at which the oil leakage occurs depends largely on how the grease is stored. Proper storage involves limiting the amount of pressure on the... purchase to read more

 


About This ReportRelated ReportsTable of Contents

This report is intended to help buyers of greases, a type of semisolid lubricant consisting of oil and a thickener that acts like a sponge to retain the oil. 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. This fact makes greases a popular choice for heavy machinery and other industrial equipment, which 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. Suppliers include retailers, wholesalers and, primarily, manufacturers.



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