Europe Lubricating Grease Market Forecast to 2030 - Regional Analysis - by Base Oil, Thickener Type, and End-Use Industry

List of Tables

The Europe lubricating grease market was valued at US$ 711.44 million in 2022 and is expected to reach US$ 932.76 million by 2030; it is estimated to register a CAGR of 3.4% from 2022 to 2030.

Rapid Industrialization Drives Europe Lubricating Grease Market

Lubricating grease is one of the key components used in the industrial sector, which helps the equipment to run efficiently and offer maximum reliability. It is used in various industries, such as automotive, oil & gas, textile, glass, power generation, paper & pulp, chemicals, petrochemicals, agriculture, marine, industrial manufacturing, food & beverages, and pharmaceuticals. As economies undergo significant transformation, with burgeoning manufacturing, construction, and industrial sectors, the reliance on lubrication solutions becomes paramount. In the wake of this rapid industrialization, lubricating grease is experiencing heightened demand to ensure the optimal performance and longevity of industrial equipment. Lubricating grease caters to the seamless operation of manufacturing machinery and sustains industrial production momentum. In parallel, the construction industry, a cornerstone of industrialization, significantly influences the demand for lubricating grease.

Increasing investment in the industrial sector is significantly increasing the demand for lubricating greases. With a surge in production activities, the machinery utilized in manufacturing processes requires efficient lubrication to mitigate friction, reduce wear and tear, and extend operational lifespan. Lubricating grease caters to these specific needs, contributing to the seamless operation of manufacturing machinery and sustaining industrial production momentum.

The renewable energy industry, a subsegment of the power sector, is also emerging as a prominent consumer of lubricating grease. Grease is primarily used in turbines and transformers in this industry. In recent years, the increasing demand for renewable energy has led to an upsurge in wind turbine installations worldwide. Countries across the world are taking initiatives to increase their renewable energy capacities through wind turbine installations.

For instance, in February 2023, Paris-based renewables independent power producer (IPP) Total Eren announced its plans to build a 112-megawatt wind farm in San Marcos de Colon in the Choluteca Department, Honduras. Thus, the rapid industrialization in developing economies is driving the demand for lubricating grease across diverse sectors.

Europe Lubricating Grease Market Overview

The lubricating grease market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Growing installation of onshore and offshore wind energy plants and increasing scale of automotive manufacturing contribute to the Europe lubricating grease market growth. The growing installation of wind turbines in Sweden, Finland, Germany, and France, coupled with the rising demand for renewable energy, contributes to the growth of the Europe lubricating grease market in Europe. According to the WindEurope VZW/ASBL, Europe recorded 19.1 GW of new wind installations in 2022, including ~16.7 GW onshore and 2.5 GW offshore projects. Grease is used to enhance the performance of wind turbines as it aids in resistance to corrosion, heat, weather, and flames.

The automotive industry contributes notably to the GDPs of several European countries, including Germany, the UK, and Italy. According to a report by the European Commission, the automotive industry's turnover accounts for 7% of the region's total GDP. The region has several prominent automotive players, including Volkswagen AG, Stellantis NV, Mercedes-Benz Group AG, Bayerische Motoren Werke AG, and Renault SA. In the automotive industry, lubricating grease is used to enhance the performance of vehicle engines and safeguard components from corrosion, oxidation, and extreme pressure conditions.

In 2021, the National Lubricating Grease Institute reported that grease production in the region increased by 5%. In 2021, 49 grease plants in Europe reported an output of 216.7 million kilograms of grease, compared to the 205.3 million kilograms of production recorded in 2020. Furthermore, according to the European Commission, the building & construction sector in the European Union (EU) provides 18 million direct jobs, contributing to ~9% of the EU's GDP. Europe's construction sector has consistently expanded, fueled by a rising population. Also, rapid shifts in the remodeling business trends, such as remodeling for accessibility, style mashing-up, customizations, and technological integrations, are likely to increase business expansion. The growth of the Europe lubricating grease market has also been supported by increased government spending on infrastructure building.

Thus, the growing use of lubricating grease in the automotive, energy, building & construction industries, among others, and an upsurge in grease production propels the growth of the Europe lubricating grease market.

Europe Lubricating Grease Market Revenue and Forecast to 2030 (US$ Million)

Europe Lubricating Grease Market Segmentation

The Europe lubricating grease market is categorized into base oil, thickener type, end-use industry, and country.

Based on base oil, the Europe lubricating grease market is segmented mineral oil, synthetic oil, and bio-based. The mineral oil segment held the largest market share in 2022. The synthetic oil segment is further sub segmented into polyalkylene glycol, polyalphaolefin, and esters.

In terms of thickener type, the Europe lubricating grease market is categorized into lithium, lithium complex, polyurea, calcium sulfonate, anhydrous calcium, aluminum complex, and others. The lithium segment held the largest market share in 2022.

By end-use industry, the Europe lubricating grease market is segmented into conventional vehicles, electric vehicles, building & construction, mining, marine, food, energy & power, and others. The conventional vehicles segment held the largest market share in 2022.

By country, the Europe lubricating grease market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe lubricating grease market share in 2022.

Exxon Mobil Corp, Fuchs SE, Petroliam Nasional Bhd, Shell Plc, Kluber Lubrication GmbH & Co KG, TotalEnergies SE, BP Plc, Chevron Corp, Valvoline Inc, and Axel Christiernsson AB are some of the leading companies operating in the Europe lubricating grease market.

Product Code: BMIRE00030897

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.3 Limitations and Assumptions

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe Lubricating Grease Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants
- 4.2.2 Threat of Substitutes
- 4.2.3 Bargaining Power of Buyers
- 4.2.4 Bargaining Power of Suppliers
- 4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors or Suppliers
- 4.3.4 End-use Industry
- 4.3.5 List of Vendors in the Value Chain

5. Europe Lubricating Grease Market - Key Market Dynamics

5.1 Drivers
- 5.1.1 Soaring Demand for Lubricating Grease from the Automotive Industry
- 5.1.2 Rapid Industrialization
5.2 Market Restraints
- 5.2.1 Stringent Government Policies
5.3 Market Opportunities
- 5.3.1 Rising Adoption of Bio-based Greases
5.4 Future Trends
- 5.4.1 Advancements in Grease Development
5.5 Impact of Drivers and Restraints:

6. Lubricating Grease Market - Europe Analysis

6.1 Europe Lubricating Grease Market Revenue (US$ Million), 2020-2030
6.2 Europe Lubricating Grease Market Forecast Analysis

7. Europe Lubricating Grease Market Analysis - Base Oil

7.1 Mineral Oil
- 7.1.1 Overview
- 7.1.2 Mineral Oil Market Revenue and Forecast to 2030 (US$ Million)
- 7.1.3 Mineral Oil Market Volume and Forecast to 2030 (Kilo Tons)
7.2 Synthetic Oil
- 7.2.1 Overview
- 7.2.2 Synthetic Oil Market Revenue and Forecast to 2030 (US$ Million)
- 7.2.3 Synthetic Oil Market Volume and Forecast to 2030 (Kilo Tons)
- 7.2.4 Polyalkylene Glycol (PAG)
- 7.2.5 Polyalphaolefin (PAO)
- 7.2.6 Esters
7.3 Bio-based
- 7.3.1 Overview
- 7.3.2 Bio-based Market Revenue and Forecast to 2030 (US$ Million)
- 7.3.3 Bio-based Market Volume and Forecast to 2030 (Kilo Tons)

8. Europe Lubricating Grease Market Analysis - Thickener Type

8.1 Lithium
- 8.1.1 Overview
- 8.1.2 Lithium Market Revenue and Forecast to 2030 (US$ Million)
- 8.1.3 Lithium Market Volume and Forecast to 2030 (Kilo Tons)
8.2 Lithium Complex
- 8.2.1 Overview
- 8.2.2 Lithium Complex Market Revenue and Forecast to 2030 (US$ Million)
- 8.2.3 Lithium Complex Market Volume and Forecast to 2030 (Kilo Tons)
8.3 Polyurea
- 8.3.1 Overview
- 8.3.2 Polyurea Market Revenue and Forecast to 2030 (US$ Million)
- 8.3.3 Polyurea Market Volume and Forecast to 2030 (Kilo Tons)
8.4 Calcium Sulfonate
- 8.4.1 Overview
- 8.4.2 Calcium Sulfonate Market Revenue and Forecast to 2030 (US$ Million)
- 8.4.3 Calcium Sulfonate Market Volume and Forecast to 2030 (Kilo Tons)
8.5 Anhydrous Calcium
- 8.5.1 Overview
- 8.5.2 Anhydrous Calcium Market Revenue and Forecast to 2030 (US$ Million)
- 8.5.3 Anhydrous Calcium Market Volume and Forecast to 2030 (Kilo Tons)
8.6 Aluminum Complex
- 8.6.1 Overview
- 8.6.2 Aluminum Complex Market Revenue and Forecast to 2030 (US$ Million)
- 8.6.3 Aluminum Complex Market Volume and Forecast to 2030 (Kilo Tons)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)
- 8.7.3 Others Market Volume and Forecast to 2030 (Kilo Tons)

9. Europe Lubricating Grease Market Analysis - End Use Industry

9.1 Conventional Vehicles
- 9.1.1 Overview
- 9.1.2 Conventional Vehicles Market Revenue and Forecast to 2030 (US$ Million)
- 9.1.3 Conventional Vehicles Market Volume and Forecast to 2030 (Kilo Tons)
9.2 Electric Vehicles
- 9.2.1 Overview
- 9.2.1 Electric Vehicles Market Revenue and Forecast to 2030 (US$ Million)
- 9.2.2 Electric Vehicles Market Volume and Forecast to 2030 (Kilo Tons)
9.3 Building & Construction
- 9.3.1 Overview
- 9.3.1 Building & Construction Market Revenue and Forecast to 2030 (US$ Million)
- 9.3.2 Building & Construction Market Volume and Forecast to 2030 (Kilo Tons)
9.4 Mining
- 9.4.1 Overview
- 9.4.2 Mining Market Revenue and Forecast to 2030 (US$ Million)
- 9.4.3 Mining Market Volume and Forecast to 2030 (Kilo Tons)
9.5 Marine
- 9.5.1 Overview
- 9.5.2 Marine Market Revenue and Forecast to 2030 (US$ Million)
- 9.5.3 Marine Market Volume and Forecast to 2030 (Kilo Tons)
9.6 Food
- 9.6.1 Overview
- 9.6.1 Food Market Revenue and Forecast to 2030 (US$ Million)
- 9.6.2 Food Market Volume and Forecast to 2030 (Kilo Tons)
9.7 Energy & Power
- 9.7.1 Overview
- 9.7.2 Energy & Power Market Revenue and Forecast to 2030 (US$ Million)
- 9.7.3 Energy & Power Market Volume and Forecast to 2030 (Kilo Tons)
9.8 Others
- 9.8.1 Overview
- 9.8.2 Others Market Revenue and Forecast to 2030 (US$ Million)
- 9.8.3 Others Market Volume and Forecast to 2030 (Kilo Tons)

10. Europe Lubricating Grease Market - Country Analysis

10.1 Europe

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Expansion
12.3 New Product Development
12.4 Merger and Acquisition
12.5 Partnerships
12.6 Other Business Strategies

13. Company Profiles

13.1 Exxon Mobil Corp
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Fuchs SE
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Petroliam Nasional Bhd
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Shell Plc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Kluber Lubrication GmbH & Co KG
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 TotalEnergies SE
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 BP Plc
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Chevron Corp
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Valvoline Inc
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Axel Christiernsson AB
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners