Cover Image
Market Research Report
Product code 
998452

Global Grease Market - 2020-2027

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

Price

Back to Top
Global Grease Market - 2020-2027
Published: April 3, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
  • ALL
  • Description
  • Table of Contents
Description

Market Overview

The global grease market size was worth USD XX billion in 2019 and is estimated to reach USD XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).

As per the American Society for Testing and Materials (ASTM), the lubricating grease is solid to a semi-fluid product of dispersion of a thickening agent in liquid lubricant. There are three components; oil, thickener and additives that form lubricating grease. Because of its consistency, grease functions as a sealant to prevent lubricant leakage and the entrance of corrosive contaminants and foreign materials. Also, it acts to keep deteriorated seals effective.

In comparison to its other substitutes, such as oil-based lubricants, grease is easier to contain. Moreover, oil lubrication requires an expensive circulating equipment system and complex retention devices, whereas grease is easily confined with simplified, less costly retention devices.

Grease is extensively used across various industries such as automobile, railway, construction, pharmaceutical, food & beverage, mining and numerous others. Hence, the increasing automotive sector and industrial developments worldwide are expected to increase the grease market over the forecast period.

Market Dynamics

The rising demand for aftermarkets parts and services in automotive sector is expected to drive the grease market

Consumers keep their vehicles longer and are more aware of the importance of preventive maintenance and service to increase the lifetime value of their cars. This rising demand for aftermarket parts and services is spurring new growth for a wide range of businesses operating in the automotive aftermarket industry. For instance, according to a 2015 article by USA Today, the number of vehicles on the road that are at least 25 years old is about 14 million. As per the Automotiveaftermarket.org report, the US automotive aftermarket is a $281 billion industry in 2020, with a compound annual growth rate of about 3% projected through 2023.

Hence, an ageing vehicle fleet, significantly in developed regions, is a factor driving the demand for aftermarket service and maintenance, raising the need for grease over the forecast period.

Environmental regulations over the use of grease are expected to hinder its market

The growth of the grease market is hindered by regulatory guidelines issued by different governing bodies. Lubricants such as grease can be quite harmful to the environment due to improper usage, incorrect disposal and simple spillage. As per the National Oceanic and Atmospheric Administration (NOAA) estimation, more than 2653,000 KL of petroleum products enter the environment each year, more than half of them through irresponsible and illegal disposal.

Environmental Protection Agency enforces regulations to ensure that industries pre-treat pollutants in their wastes to protect wastewater treatment plants. The Environment Protection Act, 1986 of India mandates the treatment of grease and other contaminants. All these regulations exert pressure on grease producers and

However, manufacturers are viewing bio-based grease as a promising market to decrease pollutions.

Segment Analysis

Based on type, grease market is segmented into aluminum complex grease, lithium grease, bentone (clay), calcium grease, polyurea grease and sodium grease.

Aluminum complex grease is expected to dominate the segment over the forecast period

According to the NLGI survey, aluminum complex grease accounted for 3 percent of total global grease production in 2017. Aluminum complex grease is considered one of the best oil-based lubricants available in the market because of its outstanding water-resisting properties, oxidation stability, rust protection, load-carrying capacity and high-temperature resistance. Hence, it is used as high-performance grease designed to withstand unfavorable working conditions, high loads, and extreme temperatures. It is a multipurpose grease designed to be used off-road and across various industries, such as construction, agricultural, marine, and mining industries.

Moreover, the potential shortage, higher lithium prices and the increased dependence on a single type of grease could create a vulnerable supply scenario. Hence, aluminum complex grease is one such alternative, as it could bring application benefits and offer new business opportunities.

Geographical Analysis

Asia-Pacific is to dominate the grease market owing to the most grease consumption

As per Independent Commodity Intelligence Services (ICIS) estimates, Asia-Pacific accounts for about half of global base oil demand, approximately 37 million t/y. Also, base oil demand in Asia-Pacific rose more than 5 million metric tons per year in the past decade. In contrast, combined demand in North America and Europe decreased by more than 6 million t/y.

Moreover, the manufacturing activities in different sectors and the growth in the industrial and automotive sectors have helped the country to stand among the major consumers and grease producers in the global landscape. As per the China Association of Automobile Manufacturers (CAAM), China has 4.6 million new energy vehicles on the road and has extended subsidies for new energy vehicles until 2022, which will remain exempt from purchase taxes for another two years. Hence, favourable policy support and a revival in demand by consumers are expected to maintain the country's growth in the automobile, thus contributing to the increasing demand for grease consumption in the region.

Competitive Landscape

The grease market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Exxon Mobil Corporation, FUCHS, BP plc, Royal Dutch Shell Plc, CHS Inc, Kluber Lubrication, TAURUS PETROLEUMS PVT. LTD., Motul, Sinopec Corporation, The Chevron Corporation among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the grease market globally.

Exxon Mobil Corporation

Overview: ExxonMobil is a publicly traded energy providers and chemical manufacturers, headquartered in Texas, US. ExxonMobil markets its fuels and lubricants under four brands, which are Esso, Exxon, Mobil and ExxonMobil Chemical. The company serves grease lubricant under 'Mobil'.

Product Portfolio: The company serves the products, services and projects within Upstream, Downstream and Chemical businesses.

Key Developments: ExxonMobil has launched new synthetic electric motor grease, called Mobil SHC Polyrex™ 102 EM. It is scientifically proven to save energy and help increase electric motor efficiency.

Why Purchase the Report?

  • Visualize the composition of the grease market segmentation by type, product type, base oil, thickener type, end-user and region highlighting the key commercial assets and players.
  • Identify commercial opportunities in grease market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of grease market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global grease market report would provide an access to an approx. 77 market data table, 80 figures and 240 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
Table of Contents

Table of Contents

1. Global Grease Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Grease Market - Market Definition and Overview

3. Global Grease Market - Executive Summary

  • 3.1. Market Snippet by Type
  • 3.2. Market snippet by Product Type
  • 3.3. Market Snippet by Base Oil
  • 3.4. Market Snippet by Thickener Type
  • 3.5. Market Snippet by End-User
  • 3.6. Market Snippet by Region

4. Global Grease Market - Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. The rising demand for aftermarkets parts and services
    • 4.1.2. Restraints:
      • 4.1.2.1. Environmental concern over the use of grease
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Global Grease Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis
  • 5.5. Patent Analysis

6. Global Grease Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Grease Market - By Type

  • 7.1. Introduction
  • 7.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
  • 7.3. Market Attractiveness Index, By Type
    • 7.3.1. Aluminum Complex Grease*
      • 7.3.1.1. Introduction
      • 7.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 7.3.2. Bentone (Clay)
    • 7.3.3. Calcium Grease
    • 7.3.4. Lithium Grease
      • 7.3.4.1. Lithium (12-Hydroxy Stearate) Grease
      • 7.3.4.2. Lithium Complex Grease
    • 7.3.5. Polyurea Grease
    • 7.3.6. Sodium Grease (Soda Soap)

8. Global Grease Market - By Product Type

  • 8.1. Introduction
  • 8.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
  • 8.3. Market Attractiveness Index, By Product Type
    • 8.3.1. White Grease*
      • 8.3.1.1. Introduction
      • 8.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 8.3.2. Yellow Grease
    • 8.3.3. Brown Grease
    • 8.3.4. Fleshing Grease
    • 8.3.5. Others

9. Global Grease Market - By Base Oil

  • 9.1. Introduction
  • 9.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Base Oil
  • 9.3. Market Attractiveness Index, By Base Oil
    • 9.3.1. Mineral Oil
      • 9.3.1.1. Introduction
      • 9.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 9.3.2. Synthetic Oil
    • 9.3.3. Bio-Based Oil

10. Global Grease Market - By Thickener Type

  • 10.1. Introduction
  • 10.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Thickener Type
  • 10.3. Market Attractiveness Index, By Thickener Type
    • 10.3.1. Metallic Soap Thickener*
      • 10.3.1.1. Introduction
      • 10.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 10.3.2. Non-Soap Thickener
    • 10.3.3. Inorganic Thickener
    • 10.3.4. Others

11. Global Grease Market - By End-User

  • 11.1. Introduction
  • 11.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
  • 11.3. Market Attractiveness Index, By End-User
    • 11.3.1. Automotive*
      • 11.3.1.1. Introduction
      • 11.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 11.3.2. Construction & Off-Highways
    • 11.3.3. Food & Beverages
    • 11.3.4. Oil & Gas
    • 11.3.5. Chemical
    • 11.3.6. Metallurgy
    • 11.3.7. Mining
    • 11.3.8. Others

12. Global Grease Market - By Region

  • 12.1. Introduction
  • 12.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
  • 12.3. Market Attractiveness Index, By Region
  • 12.4. North America
    • 12.4.1. Introduction
    • 12.4.2. Key Region-Specific Dynamics
    • 12.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 12.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 12.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Base Oil
    • 12.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Thickener Type
    • 12.4.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 12.4.8. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 12.4.8.1. U.S.
      • 12.4.8.2. Canada
      • 12.4.8.3. Mexico
  • 12.5. Europe
    • 12.5.1. Introduction
    • 12.5.2. Key Region-Specific Dynamics
    • 12.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 12.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 12.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Base Oil
    • 12.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Thickener Type
    • 12.5.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 12.5.8. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 12.5.8.1. Germany
      • 12.5.8.2. U.K.
      • 12.5.8.3. France
      • 12.5.8.4. Italy
      • 12.5.8.5. Spain
      • 12.5.8.6. Rest of Europe
  • 12.6. South America
    • 12.6.1. Introduction
    • 12.6.2. Key Region-Specific Dynamics
    • 12.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 12.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 12.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Base Oil
    • 12.6.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Thickener Type
    • 12.6.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 12.6.8. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 12.6.8.1. Brazil
      • 12.6.8.2. Argentina
      • 12.6.8.3. Rest of South America
  • 12.7. Asia Pacific
    • 12.7.1. Introduction
    • 12.7.2. Key Region-Specific Dynamics
    • 12.7.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 12.7.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 12.7.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Base Oil
    • 12.7.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Thickener Type
    • 12.7.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 12.7.8. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 12.7.8.1. China
      • 12.7.8.2. India
      • 12.7.8.3. Japan
      • 12.7.8.4. Australia
      • 12.7.8.5. Rest of Asia Pacific
  • 12.8. Middle East and Africa
    • 12.8.1. Introduction
    • 12.8.2. Key Region-Specific Dynamics
    • 12.8.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 12.8.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 12.8.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Base Oil
    • 12.8.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Thickener Type
    • 12.8.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User

13. Global Grease Market - Competitive Landscape

  • 13.1. Competitive Scenario
  • 13.2. Market Positioning/Share Analysis
  • 13.3. Mergers and Acquisitions Analysis

14. Global Grease Market- Company Profiles

  • 14.1. Exxon Mobil Corporation*
    • 14.1.1. Company Overview
    • 14.1.2. Product Portfolio and Description
    • 14.1.3. Key Highlights
    • 14.1.4. Financial Overview
  • 14.2. FUCHS
  • 14.3. BP plc
  • 14.4. Royal Dutch Shell Plc
  • 14.5. CHS Inc
  • 14.6. Kluber Lubrication
  • 14.7. TAURUS PETROLEUMS PVT. LTD.
  • 14.8. Motul
  • 14.9. Sinopec Corporation
  • 14.10. The Chevron Corporation

LIST NOT EXHAUSTIVE

15. Global Grease Market - Premium Insights

16. Global Grease Market - DataM

  • 16.1. Appendix
  • 16.2. About Us and Services
  • 16.3. Contact Us