Industrial Grease Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global industrial greases market is undergoing significant transformation, driven by advancements in technology and increasing demand across various industries. Industrial greases, essential for lubricating machinery and reducing wear and tear, are composed of base oils, additives, and thickeners. These greases are crucial for maintaining the efficiency of machines in the manufacturing sector, with the automotive industry being the largest consumer.

Importance of Industrial Greases

Industrial greases play a vital role in the lubrication of machinery, thanks to their water-resistant properties and ability to maintain contact with moving surfaces. This ensures effective lubrication without leakage, even under pressure from gravity, centrifugal forces, or other stresses. Industrial greases can retain their properties across a wide range of temperatures, blocking contaminants, reducing noise, and minimizing power consumption. This, in turn, leads to a significant reduction in machinery wear and tear.

Key Applications and End-Use Industries

Industrial greases are indispensable across various applications, particularly in manufacturing, mining, automotive production, and construction. Despite the rapid changes in the global market, the primary end-use sectors remain stable. Heavy industries, infrastructure, and manufacturing sectors are the dominant users of industrial greases. Additionally, numerous smaller end-use industries also rely on these lubricants for their operations.

Drivers of Market Growth

Several factors drive the growth of the global industrial greases market. The extensive use of these products in various industrial applications, coupled with technological advancements, results in the development of more refined and efficient greases. The emphasis on high-quality products also accelerates market growth, as superior greases attract significant attention due to their durability and effectiveness.

Impact of Environmental Legislation

The global industrial greases market is significantly influenced by economic conditions and regulatory scenarios. Environmental preservation concerns have led to stricter legislation affecting the composition and production of industrial greases. These regulations can pose challenges for small and medium manufacturers, who must quickly adapt to changing rules, potentially delaying their product supplies. However, the demand for environmentally safe and advanced greases continues to rise, driving innovation and growth in the market.

Trends Shaping the Market

Several key trends are shaping the global industrial greases market. One major trend is the continuous evolution of new products and lubrication solutions that can withstand high temperatures, pressure, and speed. Manufacturers are increasingly focusing on improving the properties of industrial greases, including the development of bio-based materials.

Another notable trend is the replacement of metals with plastic materials, particularly in weight reduction applications involving synthetic hydrocarbon greases. Additionally, there is growing market potential for industrial greases made from vegetable oils, such as soybean oil. While these bio-based greases are more expensive due to the cost of raw materials, they offer significant environmental benefits and meet the rising demand for sustainable products.

Market Segmentation

The global industrial greases market can be segmented based on base oil type, end use, thickener type, and regions.

By Base Oil Type

Mineral Oil
Synthetic Oil
Semi-Synthetic Oil
Bio-Based

By End Use

Other Manufacturing
On Road Vehicles
Other Transportation
Mining and Metallurgy
Off Highway and Construction
Auto Manufacturing

By Thickener Type

Simple Metal Soaps
Non-Soap Thickener
Complex Metal Soaps

By Regions

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global Industrial Grease Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018-2023

3.1. Global Industrial Grease, Production Output, by Region, 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa

4. Global Industrial Grease Market Outlook, 2018 - 2031

4.1. Global Industrial Grease Market Outlook, by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Mineral Oil
  - 4.1.1.2. Synthetic Oil
  - 4.1.1.3. Semi-Synthetic Oil
  - 4.1.1.4. Bio Based Oil
4.2. Global Industrial Grease Market Outlook, by Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Lithium-Based Grease
  - 4.2.1.2. Calcium-Based Grease
  - 4.2.1.3. Aluminum Complex Grease
  - 4.2.1.4. Polyurea Grease
  - 4.2.1.5. Clay-Based Grease
4.3. Global Industrial Grease Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. Automotive
  - 4.3.1.2. Construction & Mining
  - 4.3.1.3. General Manufacturing
  - 4.3.1.4. Power Generation
  - 4.3.1.5. Food & Beverage
  - 4.3.1.6. Misc.
4.4. Global Industrial Grease Market Outlook, by Region, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.4.1. Key Highlights
  - 4.4.1.1. North America
  - 4.4.1.2. Europe
  - 4.4.1.3. Asia Pacific
  - 4.4.1.4. Latin America
  - 4.4.1.5. Middle East & Africa

5. North America Industrial Grease Market Outlook, 2018 - 2031

5.1. North America Industrial Grease Market Outlook, by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Mineral Oil
  - 5.1.1.2. Synthetic Oil
  - 5.1.1.3. Semi-Synthetic Oil
  - 5.1.1.4. Bio Based Oil
5.2. North America Industrial Grease Market Outlook, by Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Lithium-Based Grease
  - 5.2.1.2. Calcium-Based Grease
  - 5.2.1.3. Aluminum Complex Grease
  - 5.2.1.4. Polyurea Grease
  - 5.2.1.5. Clay-Based Grease
5.3. North America Industrial Grease Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Automotive
  - 5.3.1.2. Construction & Mining
  - 5.3.1.3. General Manufacturing
  - 5.3.1.4. Power Generation
  - 5.3.1.5. Food & Beverage
  - 5.3.1.6. Misc.
5.4. North America Industrial Grease Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.4.1. Key Highlights
  - 5.4.1.1. U.S. Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.4.1.2. U.S. Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.4.1.3. U.S. Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.4.1.4. Canada Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.4.1.5. Canada Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.4.1.6. Canada Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Europe Industrial Grease Market Outlook, 2018 - 2031

6.1. Europe Industrial Grease Market Outlook, by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Mineral Oil
  - 6.1.1.2. Synthetic Oil
  - 6.1.1.3. Semi-Synthetic Oil
  - 6.1.1.4. Bio Based Oil
6.2. Europe Industrial Grease Market Outlook, by Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Lithium-Based Grease
  - 6.2.1.2. Calcium-Based Grease
  - 6.2.1.3. Aluminum Complex Grease
  - 6.2.1.4. Polyurea Grease
  - 6.2.1.5. Clay-Based Grease
6.3. Europe Industrial Grease Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Automotive
  - 6.3.1.2. Construction & Mining
  - 6.3.1.3. General Manufacturing
  - 6.3.1.4. Power Generation
  - 6.3.1.5. Food & Beverage
  - 6.3.1.6. Misc.
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Europe Industrial Grease Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.4.1. Key Highlights
  - 6.4.1.1. Germany Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.2. Germany Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.3. Germany Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.4. U.K. Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.5. U.K. Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.6. U.K. Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.7. France Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.8. France Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.9. France Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.10. Italy Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.11. Italy Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.12. Italy Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.13. Turkey Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.14. Turkey Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.15. Turkey Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.16. Russia Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.17. Russia Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.18. Russia Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.19. Rest of Europe Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.20. Rest of Europe Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.21. Rest of Europe Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Asia Pacific Industrial Grease Market Outlook, 2018 - 2031

7.1. Asia Pacific Industrial Grease Market Outlook, by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Mineral Oil
  - 7.1.1.2. Synthetic Oil
  - 7.1.1.3. Semi-Synthetic Oil
  - 7.1.1.4. Bio Based Oil
7.2. Asia Pacific Industrial Grease Market Outlook, by Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Lithium-Based Grease
  - 7.2.1.2. Calcium-Based Grease
  - 7.2.1.3. Aluminum Complex Grease
  - 7.2.1.4. Polyurea Grease
  - 7.2.1.5. Clay-Based Grease
7.3. Asia Pacific Industrial Grease Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Automotive
  - 7.3.1.2. Construction & Mining
  - 7.3.1.3. General Manufacturing
  - 7.3.1.4. Power Generation
  - 7.3.1.5. Food & Beverage
  - 7.3.1.6. Misc.
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Asia Pacific Industrial Grease Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.4.1. Key Highlights
  - 7.4.1.1. China Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.2. China Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.3. China Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.4. Japan Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.5. Japan Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.6. Japan Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.7. South Korea Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.8. South Korea Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.9. South Korea Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.10. India Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.11. India Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.12. India Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.13. Southeast Asia Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.14. Southeast Asia Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.15. Southeast Asia Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.16. Rest of Asia Pacific Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.17. Rest of Asia Pacific Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.18. Rest of Asia Pacific Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Latin America Industrial Grease Market Outlook, 2018 - 2031

8.1. Latin America Industrial Grease Market Outlook, by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Mineral Oil
  - 8.1.1.2. Synthetic Oil
  - 8.1.1.3. Semi-Synthetic Oil
  - 8.1.1.4. Bio Based Oil
8.2. Latin America Industrial Grease Market Outlook, by Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.3. Latin America Industrial Grease Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Automotive
  - 8.3.1.2. Construction & Mining
  - 8.3.1.3. General Manufacturing
  - 8.3.1.4. Power Generation
  - 8.3.1.5. Food & Beverage
  - 8.3.1.6. Misc.
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Latin America Industrial Grease Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.4.1. Key Highlights
  - 8.4.1.1. Brazil Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.2. Brazil Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.3. Brazil Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.4. Mexico Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.5. Mexico Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.6. Mexico Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.7. Argentina Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.8. Argentina Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.9. Argentina Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.10. Rest of Latin America Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.11. Rest of Latin America Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.12. Rest of Latin America Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Middle East & Africa Industrial Grease Market Outlook, 2018 - 2031

9.1. Middle East & Africa Industrial Grease Market Outlook, by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Mineral Oil
  - 9.1.1.2. Synthetic Oil
  - 9.1.1.3. Semi-Synthetic Oil
  - 9.1.1.4. Bio Based Oil
9.2. Middle East & Africa Industrial Grease Market Outlook, by Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Lithium-Based Grease
  - 9.2.1.2. Calcium-Based Grease
  - 9.2.1.3. Aluminum Complex Grease
  - 9.2.1.4. Polyurea Grease
  - 9.2.1.5. Clay-Based Grease
9.3. Middle East & Africa Industrial Grease Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Automotive
  - 9.3.1.2. Construction & Mining
  - 9.3.1.3. General Manufacturing
  - 9.3.1.4. Power Generation
  - 9.3.1.5. Food & Beverage
  - 9.3.1.6. Misc.
- 9.3.2. BPS Analysis/Market Attractiveness Analysis
9.4. Middle East & Africa Industrial Grease Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.4.1. Key Highlights
  - 9.4.1.1. GCC Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.2. GCC Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.3. GCC Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.4. South Africa Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.5. South Africa Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.6. South Africa Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.7. Egypt Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.8. Egypt Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.9. Egypt Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.10. Nigeria Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.11. Nigeria Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.12. Nigeria Industrial Grease Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.13. Rest of Middle East & Africa Industrial Grease Market by Base Oil, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.14. Rest of Middle East & Africa Industrial Grease Market Thickener Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape

10.1. Application vs Thickener Type Heatmap
10.2. Manufacturer vs Thickener Type Heatmap
10.3. Company Market Share Analysis, 2022
10.4. Competitive Dashboard
10.5. Company Profiles
- 10.5.1. Shell
  - 10.5.1.1. Company Overview
  - 10.5.1.2. Product Portfolio
  - 10.5.1.3. Financial Overview
  - 10.5.1.4. Business Strategies and Development
- 10.5.2. ExxonMobil
- 10.5.3. Chevron
- 10.5.4. BP (Castrol)
- 10.5.5. TotalEnergies
- 10.5.6. SKF
- 10.5.7. Fuchs Petrolub
- 10.5.8. Dow Inc.
- 10.5.9. Kluber Lubrication
- 10.5.10. Sinopec
- 10.5.11. Royal Purple
- 10.5.12. Valvoline
- 10.5.13. Petro-Canada Lubricants
- 10.5.14. Timken
- 10.5.15. Whitmore Manufacturing
- 10.5.16. Lucas Oil
- 10.5.17. Amsoil
- 10.5.18. Molykote (DuPont)
- 10.5.19. Huskey Specialty Lubricants
- 10.5.20. Bel-Ray Company

11. Appendix

11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations