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Greases Procurement Research Report | Published: Jan 2015

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 Greases procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Greases to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 14-17
IBISWorld Buyer
Power Score
Profit Benchmark
Profit Benchmark
Price Change 17-20
Price Change
Greases - Recent Price Trend

In the three years to 2014, the average price of greases has increased at an estimated annualized rate of 0.7% to $612.40 per 120-pound container. This weak price growth is the result of steep declines in the price of oil, a major input in the production of greases, combined with the postrecession surge in demand from the industrial sector.After huge losses during the recession, manufacturing and... 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 will occur; however, the rate at which the oil leakage occurs during storage will depend largely on how the grease is stored. Proper storage involves limiting the amount of pressure on... 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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