Global Grease Market 2024-2028
The grease market is forecasted to grow by USD 1.27 bn during 2023-2028, accelerating at a CAGR of 3.77% during the forecast period. The report on the grease market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a growing shipbuilding business, an increase in rail trading and logistics activities, and a growing automotive industry in APAC.
Technavio's grease market is segmented as below:
By End-user
- Automotive
- Construction and off-highway
- Metal production
- General manufacturing
- Power generation and others
By Source
- Mineral oil
- Synthetic oil
- Bio-based oil
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the inauguration of new plants for grease production as one of the prime reasons driving the grease market growth during the next few years. Also, increase in number of joint ventures for innovations in grease production and leveraging e-commerce industry to increase customer reach will lead to sizable demand in the market.
The report on the grease market covers the following areas:
- Grease market sizing
- Grease market forecast
- Grease market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading grease market vendors that include Balmer Lawrie and Co. Ltd., Berkshire Hathaway Inc., BP Plc, Chevron Corp., DuPont de Nemours Inc., ENEOS Holdings Inc., Exxon Mobil Corp., Freudenberg and Co. KG, FUCHS PETROLUB SE, Indian Oil Corp. Ltd., MOL Group, Morris Lubricants, Normet Group Oy, PJSC LUKOIL, Shell plc, Sinopec Shanghai Petrochemical Co. Ltd., Sintek Group JSC, SK Innovation Co. Ltd., SKF, and TotalEnergies SE. Also, the grease market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.