Global Automotive Grease Market Growth 2023-2029

Global Automotive Grease Market Growth 2023-2029

Grease is a liquid lubricant with a solid or semi-fluid thickener, such as soap or PTFE. Grease fulfills the same requirements as other lubricants – to reduce friction and wear, protect against corrosions, and to dissipate heat. Automotive Grease is used in bearings, joints, hinges and other components. Automotive grease avoids sticking and squeaking thus preventing components wearing out prematurely, whilst shielding against moisture and corrosion. Automotive grease consists of oil or other fluid lubricant that is mixed with a thickener, typically a soap, to form a solid or semisolid.
LPI (LP Information)' newest research report, the “Automotive Grease Industry Forecast” looks at past sales and reviews total world Automotive Grease sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Grease sales for 2023 through 2029. With Automotive Grease sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Grease industry.
This Insight Report provides a comprehensive analysis of the global Automotive Grease landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Grease portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Grease market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Grease and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Grease.
The global Automotive Grease market size is projected to grow from US$ 1065.3 million in 2022 to US$ 1221.3 million in 2029; it is expected to grow at a CAGR of 1221.3 from 2023 to 2029.
The major players in global Automotive Grease market include Shell, ExxonMobil, Sinopec, etc. The top 3 players occupy about 30% shares of the global market. China and Europe are main markets, they occupy about 50% of the global market. Mineral Oil Grease is the main type, with a share about 80%. Passenger Vehicle is the main application, which holds a share about 75%.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Grease market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Mineral Oil Grease
Synthetic Oil Grease
Others
Segmentation by application
Commercial Vehicle
Passenger Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Shell
ExxonMobil
Sinopec
Axel Christiernsson
Castrol
CNPC
Chevron
Total
DuPont
Freudenberg
Fuchs
BP
SKF
Haihua
Southwestern Petroleum
Shu Guang
Changming
Timken
Zinol
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Grease market?
What factors are driving Automotive Grease market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Grease market opportunities vary by end market size?
How does Automotive Grease break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.