The grease market was valued at around 2,440 million liters in 2021, and the market is projected to register a CAGR of over 3.3% during the forecast period (2022-2027).
The major grease-consuming industries, like automotive, industrial processing (majorly steel mills), aerospace, and food and beverages, were greatly impacted by the COVID-19.
The grease market is fragmented in nature. Some of the major players in the market include (not in any particular order) Shell PLC, Exxon Mobil Corporation, BP Plc (Castrol), FUCHS, and Axel Christiernsson, among others.
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