Grease Market Report by Thickener Type (Metallic-Soap Thickener, Non-Soap Thickener, Inorganic Thickener, and Others), Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), End User (Automotive, Construction and Off-Highways, General Manufacturing, Steel,

Grease Market Report by Thickener Type (Metallic-Soap Thickener, Non-Soap Thickener, Inorganic Thickener, and Others), Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), End User (Automotive, Construction and Off-Highways, General Manufacturing, Steel, Mining, and Others), and Region 2024-2032

The global grease market size reached US$ 3.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032.

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 2024-2032. 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

1. How big is the global grease market?
2. What is the expected growth rate of the global grease market during 2024-2032?
3. What are the key factors driving the global grease market?
4. What has been the impact of COVID-19 on the global grease market?
5. What is the breakup of the global grease market based on the thickener type?
6. What is the breakup of the global grease market based on the base oil?
7. What is the breakup of the global grease market based on the end user?
8. What are the key regions in the global grease market?
9. Who are the key players/companies in the global grease market?