Grease Market by Type, Base Oil, Group, End-Use

List of Tables

[180 Pages Report] The Grease Market size was estimated at USD 6.40 billion in 2023 and expected to reach USD 6.70 billion in 2024, at a CAGR 4.72% to reach USD 8.85 billion by 2030.

Global Grease Market

KEY MARKET STATISTICS
Base Year [2023]	USD 6.40 billion
Estimated Year [2024]	USD 6.70 billion
Forecast Year [2030]	USD 8.85 billion
CAGR (%)	4.72%

Grease is a semisolid lubricant typically composed of base oil, thickening agents, and various additives. It reduces friction and lubricates mechanical systems, particularly where a liquid fat might not stay in place or would be difficult to apply. The thickening agents give grease its semisolid consistency, allowing it to adhere to surfaces and stay in place under various operating conditions. The grease market comprises different products used for lubrication purposes in various applications across multiple end-use sectors. The scope of the grease market is broad, with demand driven by industrial growth, vehicular usage, and maintenance requirements globally. Factors such as industrial automation, investment in infrastructure, and technological advancements in vehicles influence the demand and scope of the grease market. Increased manufacturing activities and machinery usage bolster the need for grease products. Advances in formulations extending grease life and performance contribute to market growth. However, high costs associated with the raw material, the complexity of applications, and meeting the regulatory standards can be challenging due to the constant evolution of policies. Developing bio-degradable and non-toxic grease properties and incorporating nanomaterials to enhance greases' thermal and wear resistance create a lucrative market opportunity.

Regional Insights

The Americas represents a major market for grease, with a high demand stemming from the automotive, industrial, and aerospace sectors. Customer purchasing behavior in regional countries is heavily influenced by product performance characteristics such as longevity, temperature resistance, and environmental impact. The region increasingly emphasizes bio-based greases due to increasing environmental awareness and stringent regulations. Due to the EU's strict environmental standards, European Union countries exhibit a robust demand for high-quality, high-performance grease products, significantly leaning towards environmentally friendly options. The market is characterized by a preference for sustainable and longer-lasting products, with innovative grease recycling and reconditioning services gaining traction. The heavy machinery and construction industries considerably influence the Middle Eastern and African markets. The consumer needs in these regions revolve around high-temperature and heavy-load-bearing greases, especially for use in the mining and construction sectors. The Asia Pacific region is at its forefront and is a rapidly growing market for grease products driven by high consumption due to its massive industrial and manufacturing sectors. The automotive industry and infrastructure projects fuel the market expansion in the region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Grease Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Grease Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Grease Market, highlighting leading vendors and their innovative profiles. These include Axel Christiernsson International AB, BECHEM Lubrication Technology LLC, Bel-Ray by Calumet Branded Products, LLC, BP PLC, Calumet Speciality Products Partners LP, Chemtool Incorporated by The Lubrizol Corporation, Chevron Corporation, China Petrochemical & Chemical Corporation (Sinopec), CITGO Petroleum Corporation, ENEOS Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, Gazpromneft - Lubricants Ltd, Harrison Manufacturing Co Pty Ltd, Hexol Lubricants, Idemitsu Kosan Co.,Ltd., Indian Oil Corporation Limited, Kluber Lubrication Munchen SE & Co. KG, Lubri-Lab Inc, Marathon Petroleum Corporation, Penrite Oil Company, Petroliam Nasional Berhad (PETRONAS), Petromin Corporation, Phillips 66 Company, PKN Orlen, Shell PLC, The PJSC Lukoil Oil Company, Totalenergies Lubrifiants SA, and Valvoline Inc..

Market Segmentation & Coverage

This research report categorizes the Grease Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Aluminum Complex Grease
- Barium Complex Grease
- Bentone Grease
- Calcium Grease
- Lithium Grease
- Polyurea Grease
- Sodium Grease
Base Oil
- Mineral
- Synthetic
- Vegetable
Group
- Group I
- Group II
- Group III
- Group IV
- Group V
End-Use
- Agriculture
- Automotive & Logistics
- Building & Construction
- Manufacturing
- Marine
- Mining
- Power Generation
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Grease Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Grease Market?

3. What are the technology trends and regulatory frameworks in the Grease Market?

4. What is the market share of the leading vendors in the Grease Market?

5. Which modes and strategic moves are suitable for entering the Grease Market?

Product Code: MRR-961BA04A2E2B

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Grease Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rapid growth in industrial activities with adoption of various autonomous machinery
  - 5.1.1.2. Growing demand from the commercial transportation and logistics sector
  - 5.1.1.3. Rising adoption of high-performance grease by automotive industry
- 5.1.2. Restraints
  - 5.1.2.1. Changing costs of raw materials
- 5.1.3. Opportunities
  - 5.1.3.1. Potential demand for bio-based greases from the end-user industries
  - 5.1.3.2. Ongoing product development for multi-purpose premium grease products
- 5.1.4. Challenges
  - 5.1.4.1. Issues associated with limited cooling ability and physical properties of grease
5.2. Market Segmentation Analysis
- 5.2.1. Type: Preference for lithium grease to offer multi-purpose applications
- 5.2.2. Base Oil: Adoption of vegetable-based greases due to the lower toxicity
- 5.2.3. Group: Adoption of Group III base oils due to its higher levels of refinement
- 5.2.4. End-Use: Significant usage of grease in automotive and logistics sector
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Grease Market, by Type

6.1. Introduction
6.2. Aluminum Complex Grease
6.3. Barium Complex Grease
6.4. Bentone Grease
6.5. Calcium Grease
6.6. Lithium Grease
6.7. Polyurea Grease
6.8. Sodium Grease

7. Grease Market, by Base Oil

7.1. Introduction
7.2. Mineral
7.3. Synthetic
7.4. Vegetable

8. Grease Market, by Group

8.1. Introduction
8.2. Group I
8.3. Group II
8.4. Group III
8.5. Group IV
8.6. Group V

9. Grease Market, by End-Use

9.1. Introduction
9.2. Agriculture
9.3. Automotive & Logistics
9.4. Building & Construction
9.5. Manufacturing
9.6. Marine
9.7. Mining
9.8. Power Generation

10. Americas Grease Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Grease Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Grease Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. New Product Launch & Enhancement
  - 13.3.1.1. FUCHS Lubricants Launches Calcium Sulfonate Complex Grease
- 13.3.2. Award, Recognition, & Expansion
  - 13.3.2.1. Sintec Expands Grease Plant
  - 13.3.2.2. PSC Group Partners with ExxonMobil Olathe Grease Plant

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. Axel Christiernsson International AB
- 14.1.2. BECHEM Lubrication Technology LLC
- 14.1.3. Bel-Ray by Calumet Branded Products, LLC
- 14.1.4. BP PLC
- 14.1.5. Calumet Speciality Products Partners LP
- 14.1.6. Chemtool Incorporated by The Lubrizol Corporation
- 14.1.7. Chevron Corporation
- 14.1.8. China Petrochemical & Chemical Corporation (Sinopec)
- 14.1.9. CITGO Petroleum Corporation
- 14.1.10. ENEOS Corporation
- 14.1.11. Exxon Mobil Corporation
- 14.1.12. Fuchs Petrolub SE
- 14.1.13. Gazpromneft - Lubricants Ltd
- 14.1.14. Harrison Manufacturing Co Pty Ltd
- 14.1.15. Hexol Lubricants
- 14.1.16. Idemitsu Kosan Co.,Ltd.
- 14.1.17. Indian Oil Corporation Limited
- 14.1.18. Kluber Lubrication Munchen SE & Co. KG
- 14.1.19. Lubri-Lab Inc
- 14.1.20. Marathon Petroleum Corporation
- 14.1.21. Penrite Oil Company
- 14.1.22. Petroliam Nasional Berhad (PETRONAS)
- 14.1.23. Petromin Corporation
- 14.1.24. Phillips 66 Company
- 14.1.25. PKN Orlen
- 14.1.26. Shell PLC
- 14.1.27. The PJSC Lukoil Oil Company
- 14.1.28. Totalenergies Lubrifiants SA
- 14.1.29. Valvoline Inc.
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing