Global Grease Additives Market Size, Trends and Growth Opportunity By Type (Rust/Corrosion Inhibitors, Metal Deactivators, Extreme Pressure Additives, Anti-wear reagents, Viscosity Modifiers, Temperature Additives, and Others), By Formulation Base (Soap b

Global Grease Additives Market Size, Trends and Growth Opportunity By Type (Rust/Corrosion Inhibitors, Metal Deactivators, Extreme Pressure Additives, Anti-wear reagents, Viscosity Modifiers, Temperature Additives, and Others), By Formulation Base (Soap based, and Non-soap based), By End-Use (Automotive, Marine, Mining, Food & Beverage, Aerospace, General Manufacturing, and Others), By Region and Forecast Till 2027.

Global Grease Additives Market

Market Overview

Global Grease Additives Market was valued at USD 15.2 billion in 2021 and expected to reach USD 19.22 billion by 2027at a CAGR 3.3%.

Chemical compounds known as grease additives are utilized to boost the performance of grease while reducing its undesirable traits. Grease additives are the primary ingredients of grease, which has a semi-solid consistency by nature. The different types of grease additives include metal deactivators, viscosity modifiers, severe pressure additives, rust/corrosion inhibitors, and anti-wear agents.

Market Drivers

The expansion of the global market for grease additives is anticipated to be boosted by an increase in manufacturing output. Also, the global market for grease additives is anticipated to develop as more complex machinery, which requires highly efficient lubricant, is adopted. Moreover, the expansion of the global market for grease additives will benefit from the increase in demand for high-performing lubricants. Due to the numerous uses of grease in the marine industry, demand for grease in this sector is anticipated to support the global market for grease additives. In addition, an increase in mining exploration operations is anticipated to fuel the expansion of the global market for grease additives. On the other hand, the increase in urban population and shifting dietary choices will fuel the expansion of the global market for grease additives.

Market Restraints

The market for lubricants additives is anticipated to develop in the anticipated year, but the volatility in raw material costs is anticipated to impede this expansion.

Market Segmentation

Global Grease Additives Market is segmented into type, formulation base and end use. By formulation base it segmented into Rust/Corrosion Inhibitors, Metal Deactivators, Extreme Pressure Additives, Anti-wear reagents, Viscosity Modifiers, Temperature Additives, and Others. By formulation base it segmented into Soap based, and Non-soap based. By end use it is segmented into Automotive, Marine, Mining, Food & Beverage, Aerospace, General Manufacturing, and Others.

Regional Analysis

The grease additives market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The need for lubricant additives is likely to grow at a quick rate in the transportation and industrial works industries, with the Asia Pacific region predicted to be the largest market. The region is home to some of the largest ports in the world, the greatest of which is the Port of Shanghai in China, which handles 744 million tonnes of cargo annually. Port of Singapore follows, with connections to more than 100 countries and a capacity to hold 20% of the world's cargo containers. Furthermore, it is anticipated that China and India's rising spending and growing naval armies will propel the worldwide lubricant additives market.

Market Taxonomy

By Type

• Rust/Corrosion Inhibitors
• Metal Deactivators
• Extreme Pressure Additives
• Anti-wear reagents
• Viscosity Modifiers
• Temperature Additives
• Others