PUBLISHER: The Business Research Company | PRODUCT CODE: 1710990
PUBLISHER: The Business Research Company | PRODUCT CODE: 1710990
Lithium grease is a versatile lubricant made from mineral or synthetic oil thickened with lithium soap, typically lithium 12-hydroxy stearate. It reduces friction and wear in high-load, high-temperature environments and offers excellent rust and corrosion resistance, making it ideal for use in harsh, moisture-prone conditions.
The main types of lithium grease include general-purpose, automobile-type, and extreme-pressure variants. General-purpose lithium grease is suitable for a wide range of applications, providing effective lubrication and protection for various equipment and machinery under standard operating conditions. The sources of lithium grease can be simple or complex, catering to diverse applications such as building and construction, household use, automotive and transportation, industrial machinery, and more.
The lithium grease market research report is one of a series of new reports from The Business Research Company that provides lithium grease market statistics, including the lithium grease industry global market size, regional shares, competitors with the lithium grease market share, detailed Lithium grease market segments, market trends, and opportunities, and any further data you may need to thrive in the lithium grease industry. These lithium grease market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The lithium grease market size has grown strongly in recent years. It will grow from $3.21 $ billion in 2024 to $3.39 $ billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to the expanding automotive industry, growth in industrial machinery and equipment usage, the energy sector's expansion, increasing awareness of the benefits of using high-quality lubricants, and expansion of the transportation sector.
The lithium grease market size is expected to see strong growth in the next few years. It will grow to $4.17 $ billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to the agricultural sector's growth, mining industry expansion, the aerospace sector's demand for specialized lubricants, increasing production of consumer electronics, and growth in construction activities worldwide. Major trends in the forecast period include innovations in lubricant formulations, development in eco-friendly formulations, advancements in additive technology, the growing trend towards synthetic lithium greases, and the incorporation of nanotechnology in lithium grease formulations.
The growth of the automotive industry is anticipated to drive the expansion of the lithium grease market. This industry involves designing, developing, manufacturing, marketing, and selling automobiles and is currently experiencing growth due to factors such as urbanization, economic development, and infrastructure improvements. Lithium grease plays a crucial role in automotive maintenance by lubricating components, reducing friction and wear, and extending their lifespan. It also offers temperature stability and water resistance, protecting parts from harsh conditions, rust, and corrosion. For instance, Statistics Canada reported in June 2024 that the total number of road motor vehicles registered in Canada in 2022 reached 26.3 million, marking a 0.3% increase from 2021. Hence, the expansion of the automotive industry is contributing to the growth of the lithium grease market.
Leading companies in the lithium grease market are focusing on creating advanced products such as lithium soap-thickened greases to enhance protection under extreme conditions and meet diverse industry needs. Lithium soap-thickened grease is a popular lubricant known for its high-temperature stability, water resistance, and mechanical stability. For example, in May 2024, FUCHS, a lubricant manufacturer based in Germany, introduced the RHEOLUBE 460P series. This series features PAO greases thickened with lithium soap and is free from PFAS, offering a sustainable alternative to traditional fluorinated lubricants. It includes next-generation additives that enhance lubricity, improve efficiency by reducing friction, and perform well in cold environments while maintaining stability and long-term lubrication, particularly for automotive uses.
In July 2024, AMSOIL INC., a US-based fuel industry company, acquired Aerospace Lubricants Inc. for an undisclosed sum. This acquisition aims to expand AMSOIL's grease product range, which is important for various industrial applications. The investment is intended to boost AMSOIL's operational capabilities and production capacity while enhancing the quality and performance of Aerospace Lubricants' products. Aerospace Lubricants Inc. specializes in lithium soap-thickened synthetic grease.
Major companies operating in the lithium grease market are Exxon Mobil Corporation, China Petroleum & Chemical Corporation, TotalEnergies SE, Chevron Corporation, Phillips 66 Company, Idemitsu Kosan Co. Ltd., Illinois Tool Works Inc., Quaker Chemical Corporation, Valvoline Inc., Petro-Canada Lubricants Inc., Castrol Limited, WD-40 Company, Lucas Oil Products Inc., Gulf Oil International Ltd., CRC Industries Inc., AMSOIL INC., Penrite Oil Co Pty Ltd., Lubriplate Lubricants Company, Putoline Oil B.V., Sudheimer Car Technik-Vertriebs GmbH, B'laster LLC, Motul India Pvt. Ltd
Asia-Pacific was the largest region in the lithium grease market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lithium grease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the lithium grease market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The lithium grease market consists of sales of base oil, thickener, additives, and performance enhancers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Lithium Grease Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on lithium grease market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for lithium grease ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The lithium grease market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.