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Greases Procurement Research Report | Published: Apr 2017

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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If your company is looking to save time and money during the initial stages of the buying process, IBISWorld’s Greases procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Greases, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.

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 2017, the average price of greases has been decreasing at an estimated annualized rate of 0.1% to $450 per 120-pound keg. This decline has been the result of a dramatic decline 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 faster... purchase to read more

Greases - Total Cost of Ownership

The total cost of ownership for grease products is less than the benchmark price, indicating a moderate level. The most significant cost of ownership is storage, which should be indoors in a climate-controlled environment. During both storage and use, some static oil bleed (which takes place when the components of grease separate) will occur; however, the rate at which the oil bleed occurs will... 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 the corrosive effect oil has on rubber. Other types of lubricants, such as automotive lubricating oil and hydraulic oil, are excluded from this report.

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