Industrial Greases Market, By Type of Base Oil, By Thickener Type, By End-use Industry, By Geography

Description

The global industrial greases market is estimated to be valued at USD 4.73 Bn in 2024 and is expected to reach USD 5.89 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	4.73 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	3.20%	2031 Value Projection:	5.89 Bn

Figure. Industrial Greases Market Share (%), By Region, 2024

Industrial greases play a crucial role in various industries such as automotive, construction, energy, and manufacturing, among others by reducing friction between surfaces and carrying away heat and debris.

Market Dynamics

The key drivers fueling the global industrial greases market include rapid growth of end-use industries such as construction, mining, automotive, and others. Rapid urbanization and infrastructure development projects worldwide have boosted demand from the construction industry. Moreover, increasing mechanization in agriculture as well as the mining industry has also contributed to the market growth. Development of bio-based and environment-friendly greases providing better protection and performance is opening new opportunities. However, availability of substitutes such as solid lubricants and advent of electric vehicles are likely to restrain the market growth to a certain extent. Stringent regulations regarding the usage of certain chemical additives are a major challenge. They help in improving the efficiency of machines as well as increasing their lifespan. Factors such as rapid industrialization and urbanization across developing regions of the world have been driving the demand for industrial greases substantially.

Key Features of the Study

This report provides in-depth analysis of the global industrial greases market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global industrial greases market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Shell plc, ExxonMobil Corporation (Mobil), Chevron Corporation, BP plc (Castrol), TotalEnergies SE, Fuchs Petrolub SE, Petro-Canada Lubricants Inc. (HollyFrontier), Kluber Lubrication (Freudenberg Group), Sinopec Limited, Idemitsu Kosan Co., Ltd., Indian Oil Corporation Ltd. (Servo), and Phillips 66 Lubricants

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global industrial greases market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial greases market

Market Segmentation

Type of Base Oil Insights (Revenue, USD Bn, 2019 - 2031)
- Mineral Oil-Based Greases
- Synthetic Oil-Based Greases
- Bio-Based Greases
- Others
Thickener Type Insights (Revenue, USD Bn, 2019 - 2031)
- Lithium-Based Greases
- Calcium-Based Greases
- Polyurea Greases
- Complex Soap Greases
- Others
End-use Industry Insights (Revenue, USD Bn, 2019 - 2031)
- Automotive & Transportation
- Construction and Mining Equipment
- Steel and Metal Processing
- Food and Beverage Industry
- Marine and Aerospace
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Shell plc
- ExxonMobil Corporation (Mobil)
- Chevron Corporation
- BP plc (Castrol)
- TotalEnergies SE
- Fuchs Petrolub SE
- Petro-Canada Lubricants Inc. (HollyFrontier)
- Kluber Lubrication (Freudenberg Group)
- Sinopec Limited
- Idemitsu Kosan Co., Ltd.
- Indian Oil Corporation Ltd. (Servo)
- Phillips 66 Lubricants

Product Code: CMI3852

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type of Base Oil
- Market Snippet, By Thickener Type
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Industrial Greases Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Industrial Greases Market - COVID-19
Impact Analysis

5. Global Industrial Greases Market, By Type of Base Oil, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Mineral Oil-Based Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Synthetic Oil-Based Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Bio-Based Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. Global Industrial Greases Market, By Thickener Type, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Lithium-Based Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Calcium-Based Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Polyurea Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Complex Soap Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Global Industrial Greases Market, By End-use Industry, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Automotive & Transportation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Construction and Mining Equipment
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Steel and Metal Processing
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Food and Beverage Industry
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Marine and Aerospace
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

8. Global Industrial Greases Market, By Region, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type of Base Oil, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Thickener Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type of Base Oil, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Thickener Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type of Base Oil, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Thickener Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type of Base Oil, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Thickener Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type of Base Oil, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Thickener Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type of Base Oil, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Thickener Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By , 2019- 2031, (USD Bn)
South Africa
North Africa
Central Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Shell plc
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- ExxonMobil Corporation (Mobil)
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Chevron Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- BP plc (Castrol)
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- TotalEnergies SE
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Fuchs Petrolub SE
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Petro-Canada Lubricants Inc. (HollyFrontier)
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Kluber Lubrication (Freudenberg Group)
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Sinopec Limited
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Idemitsu Kosan Co., Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Indian Oil Corporation Ltd. (Servo)
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Phillips 66 Lubricants
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact