Grease Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Grease Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


The global grease market size reached US$ 3.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.

Grease is a semi-solid lubricant used for protecting vessels, machines, vehicles and their components from corrosion, wear and tear. It contains performance-enhancing additives, lubricating fluids and thickeners. It is manufactured using rendered fat of waste animal parts, inedible lard and synthetic oil, or can be petroleum-derived containing a thickening agent. Grease acts as a sealant to minimize leakage of water and protects from contaminants. It assists in maintaining flexibility, protecting bearing surfaces, enhancing stop-start performance and reducing friction. It provides high thermal stability and wear resistance, enhanced rust-proofing performance, high viscosity index and corrosion protection. As a result, grease finds extensive application across various industries, such as automotive, chemical manufacturing, power generation, metallurgy, food and beverage.

Grease Market Trends:



Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Grease is widely used to lubricate ball joints, tie-rod ends, suspension, chassis, control arm-shafts and U-joints. In line with this, the increasing demand for high-performance vehicles is favoring the market growth. In addition, grease protects various auto parts, such as switches, connectors, wheel bearings and gears from wear and tear due to its stability and temperature tolerance properties. Moreover, various product innovations, such as the development of bio-based and environment-friendly grease manufactured using renewable, non-toxic materials with low sulfur levels, are providing a considerable boost to the market growth. Additionally, the widespread adoption of high-performance grease in wind power plants to remove residue and ensure cleaner operations is positively impacting the market growth. Apart from this, the implementation of various government initiatives to encourage the utilization of bio-based grease and the increasing product demand in the manufacturing sector are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global grease market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on thickener type, base oil and end user.

Breakup by Thickener Type:

Metallic-Soap Thickener

Non-Soap Thickener

Inorganic Thickener

Others

Breakup by Base Oil:

Mineral Oil

Synthetic Oil

Bio-based Oil

Breakup by End User:

Automotive

Construction and Off-Highways

General Manufacturing

Steel

Mining

Others

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AXEL Christiernsson AB, Carl Bechem GmbH, Chemtool Incorporated (Lubrizol Corporation), ENEOS Holdings Inc, Exxon Mobil Corporation, Fuchs Petrolub SE, Gazpromneft - Lubricants Ltd. (Gazprom Neft PJSC), Harrison Manufacturing Company, Klüber Lubrication (Freudenberg Chemical Specialities SE & Co. KG), LUKOIL, Petromin Corporation (Al Dabbagh Group Holding Company Limited) and Royal Dutch Shell PLC.

Key Questions Answered in This Report:

How has the global grease market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global grease market?

What are the key regional markets?

What is the breakup of the market based on the thickener type?

What is the breakup of the market based on the base oil?

What is the breakup of the market based on the end user?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global grease market and who are the key players?

What is the degree of competition in the industry?


1 Preface
2 Scope and Methodology
  2.1 Objectives of the Study
  2.2 Stakeholders
  2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
  2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
  2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
  4.1 Overview
  4.2 Key Industry Trends
5 Global Grease Market
  5.1 Market Overview
  5.2 Market Performance
  5.3 Impact of COVID-19
  5.4 Market Forecast
6 Market Breakup by Thickener Type
  6.1 Metallic-Soap Thickener
6.1.1 Market Trends
6.1.2 Market Forecast
  6.2 Non-Soap Thickener
6.2.1 Market Trends
6.2.2 Market Forecast
  6.3 Inorganic Thickener
6.3.1 Market Trends
6.3.2 Market Forecast
  6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Base Oil
  7.1 Mineral Oil
7.1.1 Market Trends
7.1.2 Market Forecast
  7.2 Synthetic Oil
7.2.1 Market Trends
7.2.2 Market Forecast
  7.3 Bio-based Oil
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End User
  8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
  8.2 Construction and Off-Highways
8.2.1 Market Trends
8.2.2 Market Forecast
  8.3 General Manufacturing
8.3.1 Market Trends
8.3.2 Market Forecast
  8.4 Steel
8.4.1 Market Trends
8.4.2 Market Forecast
  8.5 Mining
8.5.1 Market Trends
8.5.2 Market Forecast
  8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
  9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
  9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
  9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
  9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
  9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10  SWOT Analysis
  10.1 Overview
  10.2 Strengths
  10.3 Weaknesses
  10.4 Opportunities
  10.5 Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
  12.1 Overview
  12.2 Bargaining Power of Buyers
  12.3 Bargaining Power of Suppliers
  12.4 Degree of Competition
  12.5 Threat of New Entrants
  12.6 Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
  14.1 Market Structure
  14.2 Key Players
  14.3 Profiles of Key Players
14.3.1 AXEL Christiernsson AB
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Carl Bechem GmbH
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Chemtool Incorporated (Lubrizol Corporation)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 ENEOS Holdings Inc
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Exxon Mobil Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Fuchs Petrolub SE
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Gazpromneft - Lubricants Ltd. (Gazprom Neft PJSC)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Harrison Manufacturing Company
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Klüber Lubrication (Freudenberg Chemical Specialities SE & Co. KG)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 LUKOIL
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Petromin Corporation (Al Dabbagh Group Holding Company Limited)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Royal Dutch Shell PLC
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials

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