Increasing Application in After-sales Services to Fuel Demand
Albany, NY -- (SBWIRE) -- 08/17/2018 -- In the recent past, there has been a massive shift from traditional fiberboard cartridges to plastic cartridges in terms of demand. This shift in demand is due to the fact that most of the lubricant manufacturers globally are preferring plastic cartridges. The demand for plastic grease cartridges is poised to multiply over the forecast period and is not likely to slow down anytime soon. These insights are gleaned from a new report, titled "Grease Cartridges Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026," recently added to the holistic repository of Market Research Reports Search Engine (MRRSE).
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The prime reason for the rising shift in preferences is because of high prices of paperboard, which are used in the manufacturing process of fiberboard cartridges. Moreover, concerns related to durability of traditional fiberboard cartridges is another factor suppressing its demand. Additionally, plastic grease cartridges have been witnessing rapid adoption in the past few years owing to their rigidity, thereby reducing risk of leakage. Plastic cartridges provide resistance to climate & can also reduce leakage of grease from fiberboard cartridges during logistics & shipping.
Grease Cartridges Market- Increasing Application in After-sales Services to Fuel Demand
The rising deployment of grease cartridges in after-sales services, primarily in automobile & mining industries, have induced lucrative opportunities for manufacturers to leverage. The automotive sector accounts for over 50% of the entire lubricants market globally. Surge in automobile production uplifts the need for lubrication by a huge margin, thereby pushing the requirement for grease cartridges. Besides consumer preference, another pivotal factor foreseen to have a crucial role in fostering growth of greases market is rampant applications across various industries.
Grease cartridges minimalize manual efforts while application of lubrication grease on anti-friction bearings, vehicle chassis, & automotive intersections. Over and above that, grease cartridges which are made up of plastic are gathering significant traction as it provides better leakage protection when compared to that of fiberboard grease cartridges.
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Global Grease Cartridges Market- Unleashing the Regional Outlook & Lucrative Aspects Associated
Continuous technological breakthroughs have paved grounds for upgradation of the grease quality and is influenced by intensity of impulsion for use of bio-based products. This, in turn, has induced a profound impact on growth of grease cartridges market. The APAC region is envisioned to account for the lion's share in grease cartridges market in the light of surging requirement for lubricants raised by automobile industry. Growth in grease cartridges market of Latin America region is poised to record moderate growth during the forecast period.
The report also encompasses a competitive dashboard which lists the names of key players operating in the market. A few of the key players operating in the global grease cartridges market include Fischbach KG, MBP Manufacture Bourguignonne de Plastique, Biederman Enterprises Ltd., Sonoco Products Company, Tubi System AB, Schieferdecker GmbH & Co. KG, Plastic Tooling Manufacturing Pty. Ltd., Long Thames Enterprise Co., Ltd., Andpak Inc., and Bev-Cap Pty Ltd. Apart from this, the report also consists of winning strategies executed by those key market leaders which helps them retain supremacy in the global market.
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