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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 Report provides the latest price data and the factors underpinning price movements, such as input costs and external demand drivers. The report identifies the leading suppliers of Greases and offers a strategic analysis of the key factors influencing the way the procurement market works. Data forecasts also accompany our analysis so your company can make purchasing decisions with confidence.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 11-14
IBISWorld Buyer
Power Score
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 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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