+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Grease Market Report by Thickener Type, Base Oil, End User, and Region 2024-2032

  • PDF Icon

    Report

  • 145 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5820801
The global grease market size reached US$ 3.8 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 4.9 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2023-2032.

Grease is a semi-solid lubricant used for protecting vessels, machines, vehicles and their components from corrosion, wear and tear. It contains performance-enhancing additives, lubricating fluids and thickeners. It is manufactured using rendered fat of waste animal parts, inedible lard and synthetic oil, or can be petroleum-derived containing a thickening agent. Grease acts as a sealant to minimize leakage of water and protects from contaminants. It assists in maintaining flexibility, protecting bearing surfaces, enhancing stop-start performance and reducing friction. It provides high thermal stability and wear resistance, enhanced rust-proofing performance, high viscosity index and corrosion protection. As a result, grease finds extensive application across various industries, such as automotive, chemical manufacturing, power generation, metallurgy, food and beverage.

Grease Market Trends:

Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Grease is widely used to lubricate ball joints, tie-rod ends, suspension, chassis, control arm-shafts and U-joints. In line with this, the increasing demand for high-performance vehicles is favoring the market growth. In addition, grease protects various auto parts, such as switches, connectors, wheel bearings and gears from wear and tear due to its stability and temperature tolerance properties. Moreover, various product innovations, such as the development of bio-based and environment-friendly grease manufactured using renewable, non-toxic materials with low sulfur levels, are providing a considerable boost to the market growth. Additionally, the widespread adoption of high-performance grease in wind power plants to remove residue and ensure cleaner operations is positively impacting the market growth. Apart from this, the implementation of various government initiatives to encourage the utilization of bio-based grease and the increasing product demand in the manufacturing sector are anticipated to drive the market toward growth.

Key Market Segmentation:

The report provides an analysis of the key trends in each sub-segment of the global grease market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on thickener type, base oil and end user.

Breakup by Thickener Type:

Metallic-Soap Thickener
Non-Soap Thickener
Inorganic Thickener
Others

Breakup by Base Oil:

Mineral Oil
Synthetic Oil
Bio-based Oil

Breakup by End User:

Automotive
Construction and Off-Highways
General Manufacturing
Steel
Mining
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AXEL Christiernsson AB, Carl Bechem GmbH, Chemtool Incorporated (Lubrizol Corporation), ENEOS Holdings Inc, Exxon Mobil Corporation, Fuchs Petrolub SE, Gazpromneft - Lubricants Ltd. (Gazprom Neft PJSC), Harrison Manufacturing Company, Klüber Lubrication (Freudenberg Chemical Specialities SE & Co. KG), LUKOIL, Petromin Corporation (Al Dabbagh Group Holding Company Limited) and Royal Dutch Shell PLC.

Key Questions Answered in This Report

1. How big is the global grease market?
2. What is the expected growth rate of the global grease market during 2024-2032?
3. What are the key factors driving the global grease market?
4. What has been the impact of COVID-19 on the global grease market?
5. What is the breakup of the global grease market based on the thickener type?
6. What is the breakup of the global grease market based on the base oil?
7. What is the breakup of the global grease market based on the end user?
8. What are the key regions in the global grease market?
9. Who are the key players/companies in the global grease market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Grease Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Thickener Type
6.1 Metallic-Soap Thickener
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Non-Soap Thickener
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Inorganic Thickener
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Base Oil
7.1 Mineral Oil
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Synthetic Oil
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Bio-based Oil
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End User
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Construction and Off-Highways
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 General Manufacturing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Steel
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Mining
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AXEL Christiernsson AB
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Carl Bechem GmbH
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Chemtool Incorporated (Lubrizol Corporation)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 ENEOS Holdings Inc
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Exxon Mobil Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Fuchs Petrolub SE
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Gazpromneft - Lubricants Ltd. (Gazprom Neft PJSC)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Harrison Manufacturing Company
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Klüber Lubrication (Freudenberg Chemical Specialities SE & Co. KG)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 LUKOIL
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Petromin Corporation (Al Dabbagh Group Holding Company Limited)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Royal Dutch Shell PLC
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
List of Figures
Figure 1: Global: Grease Market: Major Drivers and Challenges
Figure 2: Global: Grease Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Grease Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Grease Market: Breakup by Thickener Type (in %), 2023
Figure 5: Global: Grease Market: Breakup by Base Oil (in %), 2023
Figure 6: Global: Grease Market: Breakup by End User (in %), 2023
Figure 7: Global: Grease Market: Breakup by Region (in %), 2023
Figure 8: Global: Grease (Metallic-Soap Thickener) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Grease (Metallic-Soap Thickener) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Grease (Non-Soap Thickener) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Grease (Non-Soap Thickener) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Grease (Inorganic Thickener) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Grease (Inorganic Thickener) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Grease (Other Thickener Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Grease (Other Thickener Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Grease (Mineral Oil) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Grease (Mineral Oil) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Grease (Synthetic Oil) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Grease (Synthetic Oil) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Grease (Bio-Based Oil) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Grease (Bio-Based Oil) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Grease (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Grease (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Grease (Construction and Off-Highways) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Grease (Construction and Off-Highways) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Grease (General Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Grease (General Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Grease (Steel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Grease (Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Grease (Mining) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Grease (Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Grease (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Grease (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: North America: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: North America: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: United States: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: United States: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Canada: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Canada: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Asia-Pacific: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Asia-Pacific: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: China: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: China: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Japan: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Japan: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: India: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: India: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: South Korea: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: South Korea: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Australia: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Australia: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Indonesia: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Indonesia: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Others: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Others: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Europe: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Europe: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Germany: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Germany: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: France: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: France: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: United Kingdom: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: United Kingdom: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Italy: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Italy: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Spain: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Spain: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Russia: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Russia: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Others: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Others: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Latin America: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Latin America: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Brazil: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Brazil: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Mexico: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Mexico: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Others: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Others: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Middle East and Africa: Grease Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Middle East and Africa: Grease Market: Breakup by Country (in %), 2023
Figure 82: Middle East and Africa: Grease Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Global: Grease Industry: SWOT Analysis
Figure 84: Global: Grease Industry: Value Chain Analysis
Figure 85: Global: Grease Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Grease Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Grease Market Forecast: Breakup by Thickener Type (in Million US$), 2024-2032
Table 3: Global: Grease Market Forecast: Breakup by Base Oil (in Million US$), 2024-2032
Table 4: Global: Grease Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 5: Global: Grease Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Grease Market: Competitive Structure
Table 7: Global: Grease Market: Key Players

Companies Mentioned

  • AXEL Christiernsson AB
  • Carl Bechem GmbH
  • Chemtool Incorporated (Lubrizol Corporation)
  • ENEOS Holdings Inc
  • Exxon Mobil Corporation
  • Fuchs Petrolub SE
  • Gazpromneft - Lubricants Ltd. (Gazprom Neft PJSC)
  • Harrison Manufacturing Company
  • Klüber Lubrication (Freudenberg Chemical Specialities SE & Co. KG)
  • LUKOIL
  • Petromin Corporation (Al Dabbagh Group Holding Company Limited)
  • Royal Dutch Shell PLC.

Methodology

Loading
LOADING...

Table Information