PUBLISHER: IMARC | PRODUCT CODE: 1520459
PUBLISHER: IMARC | PRODUCT CODE: 1520459
Grease Market Report by Thickener Type, Base Oil, End User, and Region 2024-2032
The global grease market size reached US$ 3.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032.
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:
IMARC Group 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, Kluber 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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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 Kluber 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
- 14.3.1 AXEL Christiernsson AB
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
