Europe Grease Additives Market Forecast to 2028-Regional Analysis- by Type, Application

List of Tables

The Europe Grease Additives Market is expected to grow from US$ 97.04 million in 2022 to US$ 127.78 million by 2028. It is estimated to grow at a CAGR of 4.7% from 2022 to 2028.

Increase in wind turbine installations fuel the Europe Grease Additives Market

The renewable energy industry, a subsegment of the power sector, is emerging as a prominent consumer of industrial greases. 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. The IEA states that 830 GW of wind capacity was installed globally as of 2021, of which 93% were onshore systems while 7% were offshore wind farms. Countries across the world are taking initiatives to increase their renewable energy capacities through wind turbine installations. With several new wind installations, the demand for lubricants such as greases has increased worldwide. Wind turbine lubricants contribute to the reliability of wind farms by ensuring streamlined operations and maintenance. Lubrication is essential at various points in a wind turbine; these include the gearbox, open gear, pitch gear, and pitch bearing. Wind power industry use grease additives such as pressure additives, corrosion inhibitors, and oxidation inhibitors to ensure the enhanced performance. Thus, the rising demand for greases in the wind power industry is likely to favor the growth of the Europe Grease Additives Market in the coming years.

Europe Grease Additives Market Overview

Grease additives are used in manufacturing greases to enhance the properties of grease, to suppress some undesirable properties and possibly to impart some new properties in the greases. Corrosion inhibitors, oxidation inhibitors, pressure additives, anti-wear agents and others are some types of grease additives used to enhance the properties of grease in end use industries. The major factors driving the growth of the Europe Grease Additives Market are the strong growth in various end use industries and increasing production of grease globally. Growing automotive industry and rising construction activities in developing economies are expected to surge the growth of Europe Grease Additives Market during the forecast period. in addition, growing demand for renewable energy has created lucrative opportunity for the Europe Grease Additives Market. However, stringent government policies may hamper the growth of market during the forecast period.

Europe Grease Additives Market Revenue and Forecast to 2028 (US$ Million)

Europe Grease Additives Market Segmentation

The Europe Grease Additives Market is segmented into type, application, and country.

Based on type, the Europe Grease Additives Market is segmented into oxidation inhibitors, corrosion inhibitors, anti-wear agents, pressure additives, metal deactivators, and others. The oxidation inhibitors segment held a larger share of the Europe Grease Additives Market in 2022.

Based on application, the Europe Grease Additives Market is segmented into automotive, aerospace, marine, mining, steel mill, construction machinery, and others. The automotive segment held the largest share of the Europe Grease Additives Market in 2022.

Based on country, the Europe Grease Additives Market is segmented int o the Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the share of the Europe Grease Additives Market in 2022.

Afton Chemical Corp; BASF SE; Clariant AG; Croda International plc; Evonik Industries AG; Shamrock Technologies Inc; The Lubrizol Corp; Lanxess AG; and IPAC Inc.

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Product Code: BMIRE00028684

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Europe Grease Additives Market, by Type
- 1.3.2 Europe Grease Additives Market, by Application
- 1.3.3 Europe Grease Additives Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. Europe Grease Additives Market Landscape

4.1 Market Overview
- 4.1.1 Bargaining Power of Suppliers
- 4.1.2 Bargaining Power of Buyers
- 4.1.3 Threat of New Entrants
- 4.1.4 Competitive Rivalry
- 4.1.5 Threat of Substitutes
4.2 Ecosystem Analysis
- 4.2.1 Raw Materials
- 4.2.2 Manufacturing
- 4.2.3 Distributors/Suppliers
- 4.2.4 End-User Industries
4.3 List of Vendors
4.4 List of Grease Manufacturers and Suppliers
4.5 Calcium Sulphonate Grease Technology
4.6 Expert Opinions

5. Europe Grease Additives Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Proliferation of Automotive Industry
- 5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraint
- 5.2.1 Stringent Government Policies
5.3 Market Opportunity
- 5.3.1 Increase in Wind Turbine Installations
5.4 Future Trend
- 5.4.1 Burgeoning Demand for Synthetic Grease
5.5 Impact Analysis

6. Grease Additives - Europe Market Analysis

6.1 Europe Grease Additives Market Overview
6.2 Europe Grease Additives Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Europe Grease Additives Market -Volume and Forecast to 2028 (Tons)

7. Europe Grease Additives Market Analysis - By Type

7.1 Overview
7.2 Europe Grease Additives Market, By Type (2021 and 2028)
7.3 Oxidation Inhibitors
- 7.3.1 Overview
- 7.3.2 Oxidation Inhibitors: Europe Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.3.3 Oxidation Inhibitors: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Corrosion Inhibitors
- 7.4.1 Overview
- 7.4.2 Corrosion Inhibitors: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Antiwear Agents
- 7.5.1 Overview
- 7.5.2 Antiwear Agents: Europe Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.5.3 Antiwear Agents: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Pressure Additives
- 7.6.1 Overview
- 7.6.2 Pressure Additives: Europe Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.6.3 Pressure Additives: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Metal Deactivators
- 7.7.1 Overview
- 7.7.2 Metal Deactivators: Europe Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.7.3 Metal Deactivators: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: Europe Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.8.3 Others: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)

8. Europe Grease Additives Market Analysis - By Application

8.1 Overview
8.2 Europe Grease Additives Market, By Application (2021 and 2028)
8.3 Automotive
- 8.3.1 Overview
- 8.3.2 Automotive: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Aerospace
- 8.4.1 Overview
- 8.4.2 Aerospace: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Marine
- 8.5.1 Overview
- 8.5.2 Marine: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Mining
- 8.6.1 Overview
- 8.6.2 Mining: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Steel Mill
- 8.7.1 Overview
- 8.7.2 Steel Mill: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.8 Construction Machinery
- 8.8.1 Overview
- 8.8.2 Construction Machinery: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.9 Others
- 8.9.1 Overview
- 8.9.2 Others: Europe Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)

9. Europe Grease Additives Market - Country Analysis

9.1 Europe Grease Additives Market
- 9.1.1 Europe Grease Additives Market, by Key Country-Revenue (2022) (US$ Million)
- 9.1.2 Europe Grease Additives Market, by Key Country
  - 9.1.2.1 Germany: Europe Grease Additives Market-Revenue and Forecast to 2028 (US$ Million)
  - 9.1.2.2 Germany: Europe Grease Additives Market-Volume and Forecast to 2028 (Tons)
    - 9.1.2.2.1 Germany: Europe Grease Additives Market, by Type
    - 9.1.2.2.2 Germany: Europe Grease Additives Market, by Type
    - 9.1.2.2.3 Germany: Europe Grease Additives Market, by Application
  - 9.1.2.3 France: Europe Grease Additives Market-Revenue and Forecast to 2028 (US$ Million)
  - 9.1.2.4 France: Europe Grease Additives Market-Volume and Forecast to 2028 (Tons)
    - 9.1.2.4.1 France: Europe Grease Additives Market, by Type
    - 9.1.2.4.2 France: Europe Grease Additives Market, by Type
    - 9.1.2.4.3 France: Europe Grease Additives Market, by Application
  - 9.1.2.5 Italy: Europe Grease Additives Market-Revenue and Forecast to 2028 (US$ Million)
  - 9.1.2.6 Italy: Europe Grease Additives Market-Volume and Forecast to 2028 (Tons)
    - 9.1.2.6.1 Italy: Europe Grease Additives Market, by Type
    - 9.1.2.6.2 Italy: Europe Grease Additives Market, by Type
    - 9.1.2.6.3 Italy: Europe Grease Additives Market, by Application
  - 9.1.2.7 United Kingdom: Europe Grease Additives Market-Revenue and Forecast to 2028 (US$ Million)
  - 9.1.2.8 United Kingdom: Europe Grease Additives Market-Volume and Forecast to 2028 (Tons)
    - 9.1.2.8.1 United Kingdom: Europe Grease Additives Market, by Type
    - 9.1.2.8.2 United Kingdom: Europe Grease Additives Market, by Type
    - 9.1.2.8.3 United Kingdom: Europe Grease Additives Market, by Application
  - 9.1.2.9 Russia: Europe Grease Additives Market-Revenue and Forecast to 2028 (US$ Million)
  - 9.1.2.10 Russia: Europe Grease Additives Market-Volume and Forecast to 2028 (Tons)
    - 9.1.2.10.1 Russia: Europe Grease Additives Market, by Type
    - 9.1.2.10.2 Russia: Europe Grease Additives Market, by Type
    - 9.1.2.10.3 Russia: Europe Grease Additives Market, by Application
  - 9.1.2.11 Rest of Europe: Europe Grease Additives Market -Revenue and Forecast to 2028 (US$ Million)
  - 9.1.2.12 Rest of Europe: Europe Grease Additives Market - Volume and Forecast to 2028 (Tons)
    - 9.1.2.12.1 Rest of Europe: Europe Grease Additives Market, by Type
    - 9.1.2.12.2 Rest of Europe: Europe Grease Additives Market, by Type
    - 9.1.2.12.3 Rest of Europe: Europe Grease Additives Market, by Application

10. Industry Landscape

10.1 Overview
10.2 Expansion
10.3 New Product Development

11. Company Profiles

11.1 Afton Chemical Corp
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 BASF SE
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Clariant AG
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Croda International plc
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Evonik Industries AG
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Shamrock Technologies Inc
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 The Lubrizol Corp
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 Lanxess AG
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
11.9 IPAC Inc
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Glossary of Terms