Grease Market - Global Outlook and Forecast 2022-2027

List of Tables

The grease market is expected to grow at a CAGR of 3.57% during 2022-2027

Grease is a product that provides lubrication for mechanical parts and other components. Grease helps reduce friction, reduces wear of parts, and increases the efficiency and service life of components. Grease works as a sealant to minimize the leakage and keeps contaminants out. It also acts as a lubricating film and protects from rust. Grease is used in a wide range of lubrication operations.

Grease market is changing as the customers are demanding better-performing lubricants that will enhance efficiency and deliver better performance. Currently, metallic soap-based greases have a major market share. However, due to fluctuating raw material prices and stringent government regulations the consumers are shifting toward organic soap greases. Organic thickeners are also known as high-temperature thickeners. They are specially formulated to fulfil extreme lubrication requirements in long service applications.

Glance through the grease report of more than 275 pages comprising 167 tables and 80 exhibits to develop a deep understanding of the market.

MARKET TRENDS

Rising Trend Demand for Polyurea Grease

In 2021, lithium grease will have the largest market share in the global grease market. But due to the rise in the adoption of electric vehicles, there has been an increase in demand for lithium which is causing increasing the prices of raw materials of lithium grease. According to Arizton Advisory and Intelligence, The lithium grease market is expected to grow at a CAGR of 4.9% during 2022-2027 Hence, there is a decline in the lithium grease market share. Polyurea being organic is gaining importance due to several advantages over lithium grease. In addition, polyurea greases have a bright scope for standardization of manufacturing procedures, making them a cost-effective alternative to lithium complex grease. And In addition, polyurea is made from organic components, thus more environmentally friendly than other metallic fat.

MARKET DRIVERS

Growing Industrial Sector in APAC

APAC region is set to become the fastest growing in terms of GDP growth in the world. The APAC region consists of emerging economies such as China, India, Indonesia, Thailand, the Philippines, and Vietnam. The growth will continue in the coming years due to factors such as large and relatively young populations, substantial physical and digital infrastructure investments, low-cost labor, and increased income.

The major automotive, manufacturing, food & beverages, and construction industries are booming in the APAC region. The automotive industry in APAC is one of the largest in the world as the countries like China and India are the significant markets for automotive.

INDUSTRY RESTRAINTS

Stringent Environmental Regulations

In recent years, the rise in global warming due to environmental pollution. Many countries have laid strict regulations for the use of chemical materials. Governing bodies across different countries have laid rules on grease due to its environmental effects. Grease consists of elements like base oil, thickener, and additives. Most of the types available in the market are made from mineral oil. Mineral oil has high eco-toxicity and low biodegradability; hence mineral oil-based greases make up for a considerable threat to the environment, thus creating pollution.

Grease, once used, is not recycled; hence should be managed appropriately. Waste grease on-site should be stored in proper containers, away from drains. This is because grease mixes with water or sewage drain can cause severe pH or foaming problems in streams and other waters. This causes problems such as water pollution, harm to aquatic life, and health hazard for humans.

SEGMENT REVIEW

Metallic is estimated to be the largest segment and the organic grease market is expected to grow at a CAGR of 5.7% during the forecast period

Metallic soap type thickener is currently the most used thickener in the world. Metallic soap-based grease is classified into three types: straight, mixed, and complex. These are further sub-categorized based on metals used. The metals used as thickeners are lithium, aluminum, calcium, and sodium. The straight metallic soap thickener has different properties based on metals such as lithium, aluminum, calcium, and sodium. Lithium soap is dominant and cheaper among the metallic thickeners and consists of properties such as excellent resistance to water and breakdown, high melting point, and good lubricity. Mixed greases are a combination of two or more metallic soaps to produce a grease that contains some of the desired properties of both metal soaps. Complex soaps are made by reaction of the alkali with a blend of a monobasic acid and a dibasic acid.

Organic thickened grease provides superior long-life stability, and corrosion protection and allows for excellent pumpability. Polyurea are the thickeners that are reaction products of di-isocyanate combined with mono and/or diamines. Over the coming years, the demand for organic grease will increase due to its various advantages such as being environmentally friendly, low toxicity, and high-temperature applications.

Mineral Oil-based greases are the largest segment and the bio-based grease market is expected to grow the fastest.

Mineral oil is often a liquid by-product of refining crude oil, which is manufactured from crude petroleum through distillation processes that include different refining steps, such as extraction, crystallization, purification by acid treatment, and hydrogenation. Currently, mineral oil is the most used base oil in grease production due to its excellent lubricating properties. One of the main advantages of mineral oils is that they are soluble with a wide range of additives which can help improve grease's overall performance. Mineral oils also are compatible with many grease thickener systems. Also, the cost of mineral oil is low compared to synthetic oil.

The automotive industry is the largest and fastest-growing end-user segment in the grease market.

Grease is used in Automotive, General Manufacturing, construction, mining, and other industries. High growth in the Automotive industry would drive the global grease market. Grease is used in various automotive parts such as CV joints, gear assembly, and electrically operated mechanisms such as windows, sunroofs & seats. Automotive grease is the lubricant that protects vehicle parts against friction and wears & tear. Grease has greater consistency compared to other automotive lubricants like motor oil. Grease is also used for the lubrication of old automobiles for maintenance. Automotive Greases protect against wear, oxidation, and rust, resulting in a longer lifespan for the mechanisms in the applications. The properties of grease used in vehicles also depend on the application, load, and environmental conditions in which the vehicle is being used.

The Grease Market Size, Share, & Trends Analysis Report by

Type: Metallic, Organic
Base Oil: Mineral, Bio-Based, Synthetic
End-Use: Automotive, General, Construction, Mining, and Others

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2022-2027.

Geography

North America
- US
- Canada
Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
APAC
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- Iran
- South Africa
- UAE
- Rest of MEA

COMPANY AND STRATEGIES

The competitive scenario in the global grease market is currently intensifying. The constantly changing prices of raw materials are adversely affecting the vendors. For instance, vendors are finding it difficult to secure the lithium used in manufacturing the lithium grease.

The grease market consists of major global multinational players such as Shell plc (UK), ExxonMobil Corporation (US), Chevron Corporation (US), Sinopec Corporation (China), and Total Energies (France) in grease market. The major players focus on innovation, product diversification & entering new markets.

The grease market is provided for the forecast years 2022 to 2027 and the base year 2021. The market is segmented as per Type, Base-Oil, End-user, and Geography for the years considered. The report provides a holistic approach to the Grease industry to enable customers to analyze the market in an efficient manner.

Major Vendors

Shell plc
ExxonMobil Corporation
Chevron Corporation
Sinopec Corporation

Other Prominent Vendors

Axel Christiernsson
BEL-RAY
BHARAT PETROLEUM
CASTROL LIMITED
ENEOS Corporation
ENI
FUCHS
GULF OIL INDIA
HP Lubricants
IDEMITSU KOSAN Co.
KLUBER LUBRICATION
LUKOIL
ORLEN OIL
PETRO CANADA
PETRONAS
PHILLIPS 66
PT PERTAMINA
ROSNEFT LUBRICANTS
SKF
Valvoline

KEY QUESTIONS ANSWERED

1. WHAT IS THE PROJECTED MARKET SIZE AND GROWTH RATE OF THE GLOBAL GREASE MARKET BY 2027?
2. WHAT ARE THE KEY DRIVING FACTORS IN THE GLOBAL GREASE MARKET?
3. WHICH TYPE OF GREASE IS GOING TO BE IN DEMAND IN 2027?
4. WHO ARE THE KEY PLAYERS IN THE GLOBAL GREASE MARKET?
5. WHAT IS THE GROWTH RATE OF THE LITHIUM GREASE MARKET?

Product Code: ARZ220619

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCES

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION
- 4.1.1 INCLUSIONS
- 4.1.2 EXCLUSIONS
- 4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
- 4.3.1 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 INTRODUCTION

7.1 OVERVIEW
7.2 VALUE CHAIN

8 ABSTRACT

8.1 GREASE MARKET-GLOBAL FORECAST (2022-2027)
- 8.1.1 MARKET OVERVIEW
8.2 MARKET SYNOPSIS
- 8.2.1 TRENDS
- 8.2.2 DRIVERS
- 8.2.3 RESTRAINTS
8.3 SEGMENT REVIEW
- 8.3.1 COMPANY AND STRATEGIES

9 MARKET GROWTH ENABLERS

9.1 GROWING INDUSTRIAL SECTOR IN APAC
9.2 RISE OF AUTOMATION IN INDUSTRIES
9.3 GROWTH IN ALTERNATE POWERTRAIN VEHICLES

10 MARKET RESTRAINTS

10.1 ISSUES ASSOCIATED WITH BLEEDING OF BASE OIL FROM GREASE
10.2 STRINGENT ENVIRONMENTAL REGULATIONS

11 MARKET OPPORTUNITIES

11.1 INCREASE IN SUSTAINABILITY STANDARDS
11.2 RISING DEMAND FOR POLYUREA GREASE

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
- 12.3.1 THREAT OF NEW ENTRANTS
- 12.3.2 BARGAINING POWER OF SUPPLIERS
- 12.3.3 BARGAINING POWER OF BUYERS
- 12.3.4 THREAT OF SUBSTITUTES
- 12.3.5 COMPETITIVE RIVALRY

13 THICKENER

13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 METALLIC
- 13.3.1 MARKET OVERVIEW
- 13.3.2 MARKET SIZE & FORECAST
- 13.3.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
13.4 ORGANIC
- 13.4.1 MARKET OVERVIEW
- 13.4.2 MARKET SIZE & FORECAST
- 13.4.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)

14 BASE OIL

14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 MINERAL OIL
- 14.3.1 MARKET OVERVIEW
- 14.3.2 MARKET SIZE & FORECAST
- 14.3.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
14.4 SYNTHETIC OIL
- 14.4.1 MARKET OVERVIEW
- 14.4.2 MARKET SIZE & FORECAST
- 14.4.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
14.5 BIO-BASED OIL
- 14.5.1 MARKET OVERVIEW
- 14.5.2 MARKET SIZE & FORECAST
- 14.5.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)

15 END USER

15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 AUTOMOTIVE
- 15.3.1 MARKET OVERVIEW
- 15.3.2 MARKET SIZE & FORECAST
- 15.3.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
15.4 GENERAL MANUFACTURING
- 15.4.1 MARKET OVERVIEW
- 15.4.2 MARKET SIZE & FORECAST
- 15.4.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
15.5 CONSTRUCTION
- 15.5.1 MARKET OVERVIEW
- 15.5.2 MARKET SIZE & FORECAST
- 15.5.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
15.6 MINING
- 15.6.1 MARKET OVERVIEW
- 15.6.2 MARKET OVERVIEW
- 15.6.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
15.7 OTHERS
- 15.7.1 MARKET OVERVIEW
- 15.7.2 MARKET SIZE & FORECAST
- 15.7.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)

16 GEOGRAPHY

16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.2 GEOGRAPHIC OVERVIEW

17 NORTH AMERICA

17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.3 THICKENER TYPE
- 17.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
17.4 BASE OIL
- 17.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
17.5 END USER
- 17.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
17.6 KEY COUNTRIES
17.7 US
- 17.7.1 US: MARKET SIZE & FORECAST
17.8 CANADA
- 17.8.1 CANADA: MARKET SIZE & FORECAST

18 EUROPE

18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 THICKENER TYPE
- 18.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.4 BASE OIL
- 18.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.5 END USER
- 18.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.6 KEY COUNTRIES
18.7 GERMANY
- 18.7.1 GERMANY: MARKET SIZE & FORECAST
18.8 UK
- 18.8.1 UK: MARKET SIZE & FORECAST
18.9 FRANCE
- 18.9.1 FRANCE: MARKET SIZE & FORECAST
18.10 ITALY
- 18.10.1 ITALY: MARKET SIZE & FORECAST
18.11 SPAIN
- 18.11.1 SPAIN: MARKET SIZE & FORECAST
18.12 RUSSIA
- 18.12.1 RUSSIA: MARKET SIZE & FORECAST
18.13 REST OF EUROPE
- 18.13.1 REST OF EUROPE: MARKET SIZE & FORECAST

19 APAC

19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 THICKENER TYPE
- 19.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.4 BASE OIL
- 19.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.5 END USER
- 19.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.6 KEY COUNTRIES
19.7 CHINA
- 19.7.1 CHINA: MARKET SIZE & FORECAST
19.8 INDIA
- 19.8.1 INDIA: MARKET SIZE & FORECAST
19.9 JAPAN
- 19.9.1 JAPAN: MARKET SIZE & FORECAST
19.10 AUSTRALIA
- 19.10.1 AUSTRALIA: MARKET SIZE & FORECAST
19.11 SOUTH KOREA
- 19.11.1 SOUTH KOREA: MARKET SIZE & FORECAST
19.12 REST OF APAC
- 19.12.1 REST OF APAC: MARKET SIZE & FORECAST

20 LATIN AMERICA

20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.3 THICKENER TYPE
- 20.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.4 BASE OIL
- 20.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.5 END USER
- 20.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.6 KEY COUNTRIES
20.8 BRAZIL
- 20.8.1 BRAZIL: MARKET SIZE & FORECAST
20.9 MEXICO
- 20.9.1 MEXICO: MARKET SIZE & FORECAST
20.10 REST OF LATIN AMERICA
- 20.10.1 REST OF LA: MARKET SIZE & FORECAST

21 MIDDLE EAST & AFRICA

21.1 MARKET OVERVIEW
21.2 MARKET SIZE & FORECAST
21.3 THICKENER TYPE
- 21.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
21.4 BASE OIL
- 21.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
21.5 END USER
- 21.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
21.6 KEY COUNTRIES
21.7 SAUDI ARABIA
- 21.7.1 SAUDI ARABIA: MARKET SIZE & FORECAST
21.8 UAE
- 21.8.1 UAE: MARKET SIZE & FORECAST
21.9 SOUTH AFRICA
- 21.9.1 SOUTH AFRICA: MARKET SIZE & FORECAST
21.10 REST OF MIDDLE EAST & AFRICA
- 21.10.1 REST OF MIDDLE EAST & AFRICA: MARKET SIZE & FORECAST

22 COMPETITIVE LANDSCAPE

22.1 COMPETITION OVERVIEW

23 KEY COMPANY PROFILES

23.1 CHEVRON CORPORATION
- 23.1.1 BUSINESS OVERVIEW
- 23.1.2 CHEVRON CORPORATION IN GREASE MARKET
- 23.1.3 PRODUCT OFFERINGS
- 23.1.4 KEY STRATEGIES
- 23.1.5 KEY STRENGTHS
- 23.1.6 KEY OPPORTUNITIES
23.2 EXXONMOBIL CORPORATION
- 23.2.1 BUSINESS OVERVIEW
- 23.2.2 EXXONMOBIL CORPORATION IN GREASE MARKET
- 23.2.3 PRODUCT OFFERINGS
- 23.2.4 KEY STRATEGIES
- 23.2.5 KEY STRENGTHS
- 23.2.6 KEY OPPORTUNITIES
23.3 SHELL PLC
- 23.3.1 BUSINESS OVERVIEW
- 23.3.2 SHELL PLC IN GREASE MARKET
- 23.3.3 PRODUCT OFFERINGS
- 23.3.4 KEY STRATEGIES
- 23.3.5 KEY STRENGTHS
- 23.3.6 KEY OPPORTUNITIES
23.4 SINOPEC CORPORATION
- 23.4.1 BUSINESS OVERVIEW
- 23.4.2 SINOPEC CORPORATION IN GREASE MARKET
- 23.4.3 PRODUCT OFFERINGS
- 23.4.4 KEY STRATEGIES
- 23.4.5 KEY STRENGTHS
- 23.4.6 KEY OPPORTUNITIES
23.5 TOTAL ENERGIES
- 23.5.1 BUSINESS OVERVIEW
- 23.5.2 TOTAL ENERGIES IN GREASE MARKET
- 23.5.3 PRODUCT OFFERINGS
- 23.5.4 KEY STRATEGIES
- 23.5.5 KEY STRENGTHS
- 23.5.6 KEY OPPORTUNITIES

24 OTHER PROMINENT VENDORS

24.1 AXEL CHRISTIERNSSON
- 24.1.1 BUSINESS OVERVIEW
- 24.1.2 PRODUCT OFFERINGS
24.2 BEL-RAY
- 24.2.1 BUSINESS OVERVIEW
- 24.2.2 PRODUCT OFFERINGS
24.3 BHARAT PETROLEUM CORPORATION LIMITED
- 24.3.1 BUSINESS OVERVIEW
- 24.3.2 PRODUCT OFFERINGS
24.4 CASTROL LIMITED
- 24.4.1 BUSINESS OVERVIEW
- 24.4.2 PRODUCT OFFERINGS
24.5 ENEOS CORPORATION
- 24.5.1 BUSINESS OFFERINGS
- 24.5.2 PRODUCT OFFERINGS
24.6 ENI
- 24.6.1 BUSINESS OVERVIEW
- 24.6.2 PRODUCT OFFERINGS
24.7 FUCHS
- 24.7.1 BUSINESS OVERVIEW
- 24.7.2 PRODUCT OFFERINGS
24.8 GULF OIL INDIA LUBRICANTS
- 24.8.1 BUSINESS OVERVIEW
- 24.8.2 PRODUCT OFFERINGS
24.9 HP LUBRICANTS
- 24.9.1 BUSINESS OVERVIEW
- 24.9.2 PRODUCT OFFERINGS
24.10 IDEMITSU KOSAN CO., LTD.
- 24.10.1 BUSINESS OVERVIEW
- 24.10.2 PRODUCT OFFERINGS
24.11 KLUBER LUBRICATION
- 24.11.1 BUSINESS OVERVIEW
- 24.11.2 PRODUCT OFFERINGS
24.12 LUKOIL
- 24.12.1 BUSINESS OVERVIEW
- 24.12.2 PRODUCT OFFERINGS
24.13 ORLEN OIL
- 24.13.1 BUSINESS OVERVIEW
- 24.13.2 PRODUCT OFFERINGS
24.14 PETRO CANADA LUBRICANTS INC.
- 24.14.1 BUSINESS OVERVIEW
- 24.14.2 PRODUCT OFFERINGS
24.15 PETRONAS LUBRICANTS INTERNATIONAL
- 24.15.1 BUSINESS OVERVIEW
- 24.15.2 PRODUCT OFFERINGS
24.16 PHILLIPS 66
- 24.16.1 BUSINESS OVERVIEW
- 24.16.2 PRODUCT OFFERINGS
24.17 PT PERTAMINA LUBRICANTS
- 24.17.1 BUSINESS OVERVIEW
- 24.17.2 PRODUCT OFFERINGS
24.18 RN LUBRICANTS LLC
- 24.18.1 BUSINESS OVERVIEW
- 24.18.2 PRODUCT OFFERINGS
24.19 SKF
- 24.19.1 BUSINESS OVERVIEW
- 24.19.2 PRODUCT OFFERINGS
24.20 VALVOLINE
- 24.20.1 BUSINESS OVERVIEW
- 24.20.2 PRODUCT OFFERINGS

25 REPORT SUMMARY

25.1 KEY TAKEAWAYS
25.2 STRATEGIC RECOMMENDATIONS

26 QUANTITATIVE SUMMARY

26.1 MARKET BY THICKENER TYPE
- 26.1.1 METALLIC (VALUE)
- 26.1.2 METALLIC (VOLUME)
- 26.1.3 ORGANIC (VALUE)
- 26.1.4 ORGANIC (VOLUME)
26.2 MARKET BY BASE OIL
- 26.2.1 MINERAL OIL (VALUE)
- 26.2.2 MINERAL OIL (VOLUME)
- 26.2.3 SYNTHETIC OIL (VALUE)
- 26.2.4 SYNTHETIC OIL (VOLUME)
- 26.2.5 BIO-BASED OIL (VALUE)
- 26.2.6 BIO-BASED OIL (VOLUME)
26.3 MARKET BY END USER
- 26.3.1 AUTOMOTIVE (VALUE)
- 26.3.2 AUTOMOTIVE (VOLUME)
- 26.3.3 GENERAL MANUFACTURING (VALUE)
- 26.3.4 GENERAL MANUFACTURING (VOLUME)
- 26.3.5 CONSTRUCTION (VALUE)
- 26.3.6 CONSTRUCTION (VOLUME)
- 26.3.7 MINING (VALUE)
- 26.3.8 MINING (VOLUME)
- 26.3.9 OTHERS (VALUE)
- 26.3.10 OTHERS (VOLUME)

27 APPENDIX

27.1 ABBREVIATIONS