Key Market Insights
Increase demand from end-users will spur the market revenue growth
A grease is a form of semisolid lubricant typically containing vegetable or mineral oil blended soap. Grease is a by-product of the dispersal of a liquid lubricant thickening agent. Depending upon the type of thickener, type of base oil, and the additive technology used, the grease properties differ. Grease is used primarily to reduce friction between two moving surfaces and minimize wear and tear levels. For several purposes, grease is preferred to oils such as wax and acts as a sealant to avert leakage of lubricants and to preserve damaged seals in cases where oil leaks out of the application. Grease thwarts corrosive pollutants and foreign material from entering, the grease-demanding equipment is also simple in design, needs less room, and weights considerably less than similar equipment, as a result of which the overall cost of the equipment for repair and procurement is reduced. Owing to this application and the benefits offered by grease demand for it is bolstering in the end-use industries.Market Synopsis
Thickener Analysis
Metal Soap segment to dominate the market throughout the forecast period
The metal soap thickener segment is estimated to register the fastest-growth throughout the forecast period. This can be associated with its multifunctional properties which makes it suitable for use in various end-use industries including automotive, construction, general manufacturing industries, and chemical manufacturing among others. Metal soap thickener has a high ability to maintain exceptional stability at high temperatures coupled with other complementary properties including shear stability, rust protection, load-bearing, and water resistance.End-user Analysis
Automotive & Transportation segment expected to dominate the market during the forecast period
Automotive is the most popular end-use field on the market for grease. Increasing sales of passenger vehicles and commercial vehicles are boosting the demand for grease in the automotive and transport industries. In the automotive industry, grease has wide applications in various automotive parts, such as universal joints, wheel bearings, levers, gear, suspension, and others, due to its excellent properties including temperature tolerance, mechanical durability, anti-oxidant, and water resistance.Additionally, grease also plays a major role in the chemical manufacturing segment, and growth in the global chemical industry has a direct impact on the grease market. Grease also has a significant application especially in the metalworking sector, and numerous upcoming projects in the Asia Pacific region are expected to boost the grease demand in this region. The rising adoption of grease over other substitutes in the various end-use industry including automobile, and construction among others is propelling the growth of the grease market across the globe.
Regional Analysis
Rising urbanization to bolster the growth in the Asia Pacific region
Asia pacific region anticipated leading the global grease market. The rising demand of the automobile sector coupled with the infrastructural growth and growth of the manufacturing sector in the developing regions including China, India, and Japan among others are driving the growth in the region. The market is expected to register a CAGR of XX% during the forecast period.The market for grease will hold a significant market share in North America owing to the expansion of automobiles as well as the chemical industry in the region. On the contrary, the Middle East and Africa region are expected to witness the fastest growth during the forecast period. Owing to the rapidly developing industrial sector in the region.
List of Companies Covered:
- Castrol
- Exxon Mobil
- Dow Corning Ltd.
- Chevron Corporation
- Lukeoil
- Royal Dutch Shell PLC
- Sinopec Corporation
- Balmer Lawrie & Co. Ltd
- JX Nippon Oil & Energy Corporation
- Petronas
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Grease market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Grease market and their expected impact during the forecast period.
Market Segmentation
Thickener
- Metal Soaps
- Non-soap Thickener
- Inorganic Thickener
- Other
End-use
- Heavy Equipment
- Power Generation
- Automotive & Transportation
- Food & Beverage
- Chemical Manufacturing
- Metal Working & Metallurgy
- Other
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Grease market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Grease market?
- Which is the largest regional market for Grease market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Grease market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Grease market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Grease Market
2.2. Global Grease Market, By Thickener , 2021 (US$ Billion)
2.3. Global Grease Market, By End-use , 2021 (US$ Billion)
2.4. Global Grease Market, By Geography, 2021 (US$ Billion)
2.5. Attractive Investment Proposition by Geography, 2021
3. Grease Market: Competitive Analysis
3.1. Market Positioning of Key Grease Market Vendors
3.2. Strategies Adopted by Grease Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030
4. Grease Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Grease Market Value, 2020 - 2030, (US$ Billion)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Grease Market: By Thickener , 2020-2030, USD (Billion)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Metal Soaps
5.3.2. Non-soap Thickener
5.3.3. Inorganic Thickener
5.3.4. Other
6. Grease Market: By End-use , 2020-2030, USD (Billion)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Heavy Equipment
6.3.2. Power Generation
6.3.3. Automotive & Transportation
6.3.4. Food & Beverage
6.3.5. Chemical Manufacturing
6.3.6. Metal Working & Metallurgy
6.3.7. Other
7. North America Grease Market, 2020-2030, USD (Billion)
7.1. Market Overview
7.2. Grease Market: By Thickener , 2020-2030, USD (Billion)
7.3. Grease Market: By End-use , 2020-2030, USD (Billion)
7.4.Grease Market: By Region, 2020-2030, USD (Billion)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
7.4.1.1.1. Grease Market: By End-use , 2020-2030, USD (Billion)
7.4.1.2. Canada
7.4.1.2.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
7.4.1.2.1. Grease Market: By End-use , 2020-2030, USD (Billion)
7.4.1.3. Rest of North America
7.4.1.3.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
7.4.1.3.1. Grease Market: By End-use , 2020-2030, USD (Billion)
8. UK and European Union Grease Market, 2020-2030, USD (Billion)
8.1. Market Overview
8.2. Grease Market: By Thickener , 2020-2030, USD (Billion)
8.3. Grease Market: By End-use , 2020-2030, USD (Billion)
8.4.Grease Market: By Region, 2020-2030, USD (Billion)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
8.4.1.1.1. Grease Market: By End-use , 2020-2030, USD (Billion)
8.4.1.2. Germany
8.4.1.2.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
8.4.1.2.1. Grease Market: By End-use , 2020-2030, USD (Billion)
8.4.1.3. Spain
8.4.1.3.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
8.4.1.3.1. Grease Market: By End-use , 2020-2030, USD (Billion)
8.4.1.4. Italy
8.4.1.4.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
8.4.1.4.1. Grease Market: By End-use , 2020-2030, USD (Billion)
8.4.1.5. France
8.4.1.5.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
8.4.1.5.1. Grease Market: By End-use , 2020-2030, USD (Billion)
8.4.1.6. Rest of Europe
8.4.1.6.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
8.4.1.6.1. Grease Market: By End-use , 2020-2030, USD (Billion)
9. Asia Pacific Grease Market, 2020-2030, USD (Billion)
9.1. Market Overview
9.2. Grease Market: By Thickener , 2020-2030, USD (Billion)
9.3. Grease Market: By End-use , 2020-2030, USD (Billion)
9.4.Grease Market: By Region, 2020-2030, USD (Billion)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
9.4.1.1.1. Grease Market: By End-use , 2020-2030, USD (Billion)
9.4.1.2. Japan
9.4.1.2.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
9.4.1.2.1. Grease Market: By End-use , 2020-2030, USD (Billion)
9.4.1.3. India
9.4.1.3.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
9.4.1.3.1. Grease Market: By End-use , 2020-2030, USD (Billion)
9.4.1.4. Australia
9.4.1.4.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
9.4.1.4.1. Grease Market: By End-use , 2020-2030, USD (Billion)
9.4.1.5. South Korea
9.4.1.5.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
9.4.1.5.1. Grease Market: By End-use , 2020-2030, USD (Billion)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
9.4.1.6.1. Grease Market: By End-use , 2020-2030, USD (Billion)
10. Latin America Grease Market, 2020-2030, USD (Billion)
10.1. Market Overview
10.2. Grease Market: By Thickener , 2020-2030, USD (Billion)
10.3. Grease Market: By End-use , 2020-2030, USD (Billion)
10.4.Grease Market: By Region, 2020-2030, USD (Billion)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
10.4.1.1.1. Grease Market: By End-use , 2020-2030, USD (Billion)
10.4.1.2. Mexico
10.4.1.2.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
10.4.1.2.1. Grease Market: By End-use , 2020-2030, USD (Billion)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
10.4.1.3.1. Grease Market: By End-use , 2020-2030, USD (Billion)
11. Middle East and Africa Grease Market, 2020-2030, USD (Billion)
11.1. Market Overview
11.2. Grease Market: By Thickener , 2020-2030, USD (Billion)
11.3. Grease Market: By End-use , 2020-2030, USD (Billion)
11.4.Grease Market: By Region, 2020-2030, USD (Billion)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
11.4.1.1.1. Grease Market: By End-use , 2020-2030, USD (Billion)
11.4.1.2. Africa
11.4.1.2.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
11.4.1.2.1. Grease Market: By End-use , 2020-2030, USD (Billion)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Grease Market: By Thickener , 2020-2030, USD (Billion)
11.4.1.3.1. Grease Market: By End-use , 2020-2030, USD (Billion)
12. Company Profile
12.1. Castrol
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Exxon Mobil
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Dow Corning Ltd.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Chevron Corporation
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Lukeoil
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Royal Dutch Shell PLC
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Sinopec Corporation
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Balmer Lawrie & Co. Ltd
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. JX Nippon Oil & Energy Corporation
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Petronas
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
List of Figures
Figure 1 Global Grease Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Grease Market: Quality Assurance
Figure 5 Global Grease Market, By Thickener , 2021
Figure 6 Global Grease Market, By End-use , 2021
Figure 7 Global Grease Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Grease Market, 2021
Figure 9 Market Positioning of Key Grease Market Players, 2021
Figure 10 Global Grease Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Grease Market, By Thickener , 2021 Vs 2030, %
Figure 12 Global Grease Market, By End-use , 2021 Vs 2030, %
Figure 13 U.S. Grease Market (US$ Billion), 2020 - 2030
Figure 14 Canada Grease Market (US$ Billion), 2020 - 2030
Figure 15 Rest of North America Grease Market (US$ Billion), 2020 - 2030
Figure 16 UK Grease Market (US$ Billion), 2020 - 2030
Figure 17 Germany Grease Market (US$ Billion), 2020 - 2030
Figure 18 Spain Grease Market (US$ Billion), 2020 - 2030
Figure 19 Italy Grease Market (US$ Billion), 2020 - 2030
Figure 20 France Grease Market (US$ Billion), 2020 - 2030
Figure 21 Rest of Europe Grease Market (US$ Billion), 2020 - 2030
Figure 22 China Grease Market (US$ Billion), 2020 - 2030
Figure 23 Japan Grease Market (US$ Billion), 2020 - 2030
Figure 24 India Grease Market (US$ Billion), 2020 - 2030
Figure 25 Australia Grease Market (US$ Billion), 2020 - 2030
Figure 26 South Korea Grease Market (US$ Billion), 2020 - 2030
Figure 27 Rest of Asia Grease Market (US$ Billion), 2020 - 2030
Figure 28 Brazil Grease Market (US$ Billion), 2020 - 2030
Figure 29 Mexico Grease Market (US$ Billion), 2020 - 2030
Figure 30 Rest of Latin America Grease Market (US$ Billion), 2020 - 2030
Figure 31 GCC Grease Market (US$ Billion), 2020 - 2030
Figure 32 Africa Grease Market (US$ Billion), 2020 - 2030
Figure 33 Rest of Middle East and Africa Grease Market (US$ Billion), 2020 - 2030
List of Tables
Table 1 Global Grease Market By Thickener , 2020-2030, USD (Billion)
Table 2 Global Grease Market By End-use , 2020-2030, USD (Billion)
Table 3 North America Grease Market By Thickener , 2020-2030, USD (Billion)
Table 4 North America Grease Market By End-use , 2020-2030, USD (Billion)
Table 5 U.S. Grease Market By Thickener , 2020-2030, USD (Billion)
Table 6 U.S. Grease Market By End-use , 2020-2030, USD (Billion)
Table 7 Canada Grease Market By Thickener , 2020-2030, USD (Billion)
Table 8 Canada Grease Market By End-use , 2020-2030, USD (Billion)
Table 9 Rest of North America Grease Market By Thickener , 2020-2030, USD (Billion)
Table 10 Rest of North America Grease Market By End-use , 2020-2030, USD (Billion)
Table 11 UK and European Union Grease Market By Thickener , 2020-2030, USD (Billion)
Table 12 UK and European Union Grease Market By End-use , 2020-2030, USD (Billion)
Table 13 UK Grease Market By Thickener , 2020-2030, USD (Billion)
Table 14 UK Grease Market By End-use , 2020-2030, USD (Billion)
Table 15 Germany Grease Market By Thickener , 2020-2030, USD (Billion)
Table 16 Germany Grease Market By End-use , 2020-2030, USD (Billion)
Table 17 Spain Grease Market By Thickener , 2020-2030, USD (Billion)
Table 18 Spain Grease Market By End-use , 2020-2030, USD (Billion)
Table 19 Italy Grease Market By Thickener , 2020-2030, USD (Billion)
Table 20 Italy Grease Market By End-use , 2020-2030, USD (Billion)
Table 21 France Grease Market By Thickener , 2020-2030, USD (Billion)
Table 22 France Grease Market By End-use , 2020-2030, USD (Billion)
Table 23 Rest of Europe Grease Market By Thickener , 2020-2030, USD (Billion)
Table 24 Rest of Europe Grease Market By End-use , 2020-2030, USD (Billion)
Table 25 Asia Grease Market By Thickener , 2020-2030, USD (Billion)
Table 26 Asia Grease Market By End-use , 2020-2030, USD (Billion)
Table 27 China Grease Market By Thickener , 2020-2030, USD (Billion)
Table 28 China Grease Market By End-use , 2020-2030, USD (Billion)
Table 29 Japan Grease Market By Thickener , 2020-2030, USD (Billion)
Table 30 Japan Grease Market By End-use , 2020-2030, USD (Billion)
Table 31 India Grease Market By Thickener , 2020-2030, USD (Billion)
Table 32 India Grease Market By End-use , 2020-2030, USD (Billion)
Table 33 Australia Grease Market By Thickener , 2020-2030, USD (Billion)
Table 34 Australia Grease Market By End-use , 2020-2030, USD (Billion)
Table 35 South Korea Grease Market By Thickener , 2020-2030, USD (Billion)
Table 36 South Korea Grease Market By End-use , 2020-2030, USD (Billion)
Table 37 Latin America Grease Market By Thickener , 2020-2030, USD (Billion)
Table 38 Latin America Grease Market By End-use , 2020-2030, USD (Billion)
Table 39 Brazil Grease Market By Thickener , 2020-2030, USD (Billion)
Table 40 Brazil Grease Market By End-use , 2020-2030, USD (Billion)
Table 41 Mexico Grease Market By Thickener , 2020-2030, USD (Billion)
Table 42 Mexico Grease Market By End-use , 2020-2030, USD (Billion)
Table 43 Rest of Latin America Grease Market By Thickener , 2020-2030, USD (Billion)
Table 44 Rest of Latin America Grease Market By End-use , 2020-2030, USD (Billion)
Table 45 Middle East and Africa Grease Market By Thickener , 2020-2030, USD (Billion)
Table 46 Middle East and Africa Grease Market By End-use , 2020-2030, USD (Billion)
Table 47 GCC Grease Market By Thickener , 2020-2030, USD (Billion)
Table 48 GCC Grease Market By End-use , 2020-2030, USD (Billion)
Table 49 Africa Grease Market By Thickener , 2020-2030, USD (Billion)
Table 50 Africa Grease Market By End-use , 2020-2030, USD (Billion)
Table 51 Rest of Middle East and Africa Grease Market By Thickener , 2020-2030, USD (Billion)
Table 52 Rest of Middle East and Africa Grease Market By End-use , 2020-2030, USD (Billion)
Companies Mentioned
- Castrol
- Exxon Mobil
- Dow Corning Ltd.
- Chevron Corporation
- Lukeoil
- Royal Dutch Shell PLC
- Sinopec Corporation
- Balmer Lawrie & Co. Ltd
- JX Nippon Oil & Energy Corporation
- Petronas
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