Grease Market by Type (Metallic Soap Thickener, Non-Soap Thickener, Inorganic Thickener, and Others), and by End-use Industry (automotive, construction & off-highways, general manufacturing, steel, mining, and other) - Global Forecasts to 2021

  • ID: 3704648
  • Report
  • Region: Global
  • 172 Pages
  • Markets and Markets
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The Market Size of Grease Is Estimated to Have Been USD 2.04 Billion in 2015, and Is Projected to Reach USD 2.28 Billion by 2021

FEATURED COMPANIES

  • Axel Americas LLC
  • BP PLC
  • Exxonmobil Corporation
  • Idemitsu Kosan Co., Ltd.
  • Lukeoil
  • Royal Dutch Shell PLC
  • MORE
“Need for automotive equipment drives the grease market”
The market size of grease is estimated to have been USD 2.04 billion in 2015 and is projected to reach USD 2.28 billion by 2021, registering a CAGR of 2.0% between 2016 and 2021. The market is largely driven by the increased demand from end-use industries. In addition, the rising demand for the high performance grease for machines drives the market for grease, globally.
“Metallic soap thickener to be the largest thickener type in the grease market”
The demand for metallic soap thickener is driven by the increased demand from various sectors such as automotive, construction & off-highways, general manufacturing, steel, mining, and other due to its high mechanical stability and temperature tolerance characteristics. Moreover, the lithium soap is the largest and fastest-growing sub-thickener type of grease due to heavy consumption in automotive chassis, wheel bearings, wind turbines, hydraulics, agriculture equipment, and other applications.
“Automotive industry to capture the largest share of the grease market”
In the automotive industry, grease is heavily used in automotive equipment for smooth running of vehicles. It provides mechanical stability, temperature tolerance, water resistance, and anti-oxidant properties. The need for high performance grease is rising for the increasing manufacturing of machines and equipment in end-use industries.
Asia-Pacific projected to be the largest and the fastest-growing market during the forecast period”
Asia-Pacific is projected to be the largest and the fastest-growing market for grease across the globe. The increasing disposable income of people and industrial growth in the Asia-Pacific region led to the increasing demand of automobiles. As a result, there has been a consistent rise in number of vehicles in the region over the past decade, which is ultimately fueling the demand for grease in the region. Additionally, the presence of the key market players in the region drives the grease market in Asia-Pacific.

In the process of determining and verifying the market size for the several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted as follows:
- By Company Type: Tier 1 (37%), Tier 2 (50%), and Tier 3 (13%).
- By Designation: C-level (50%), Director Level (31%), and others (19%)
- By Region: North America (28%), Europe (33%), Asia-Pacific (22%), Latin America (11%), and Middle East & Africa (6%)

Various key players profiled in the report include Royal Dutch Shell plc (Netherlands), Sinopec Corporation (Shina), Fuchs Petrolub SE (Germany), BP Plc (U.K.), Petronas (Malaysia), Idemitsu Kosan Co., Ltd. (Japan), Chevron Corporation (U.K.), Total SA (France), Exxon Mobil Corporation (U.S.), The Dow Chemical (U.S.), JX Nippon Oil & Energy Corporation (Japan), and others.
The report will help the leading players/new entrants in this market in the following ways:
1. This report segments the grease market comprehensively and provides the closest approximations of the revenue for the overall market and the subsegments across different verticals and regions.
2. The report helps stakeholders to understand the trend of the market and provides them information on key market drivers, restraints, and opportunities.
3. This report will help stakeholders to better understand the competitor and gain more insights to improve their position in the business. The competitive landscape includes expansions, collaboration, agreements, new product developments, and acquisitions.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Axel Americas LLC
  • BP PLC
  • Exxonmobil Corporation
  • Idemitsu Kosan Co., Ltd.
  • Lukeoil
  • Royal Dutch Shell PLC
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities for Grease Market (2016-2021)
4.2 Grease Market Growth, By Region (2016-2021)
4.3 Grease Market Share in Asia-Pacific
4.4 Grease Market Attractiveness
4.5 Grease Market Size, By End Use Industries, 2015
4.6 Grease Market Size: Developed vs Developing Nations
4.7 Lifecycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rapidly Developing Industrial Sector in Emerging Economies
5.3.1.2 Growing Automotive Industry
5.3.1.3 Improved Quality of Industrial Grease
5.3.2 Restraints
5.3.2.1 Stringent Environmental Regulations
5.3.2.2 Unstable Economic Situation
5.3.2.3 Low-Quality and Cheaper Product Offerings
5.3.3 Opportunities
5.3.3.1 Technological Advancements Leading to Introduction of Efficient Grease
5.3.3.2 Increasing Applications of Grease
5.3.3.3 Rising Trend Towards the Usage of Bio-Based Grease
5.4 Revenue Pocket Matrix
5.4.1 Revenue Pocket Matrix for Thickener Types
5.4.2 Revenue Pocket Matrix for End-Use Industries

6 Industry Trends
6.1 Value Chain Analysis
6.1.1 Raw Material
6.1.2 Blending
6.1.3 Distribution
6.1.4 End User
6.2 Porter’s Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Threat of Substitutes
6.2.3 Bargaining Power of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.5 Intensity of Competitive Rivalry
6.3 Economic Indicators
6.3.1 Industry Outlook
6.3.1.1 Automotive
6.3.1.2 Construction
6.3.1.3 Manufacturing
6.3.1.4 Mining
6.3.2 Country Outlook
6.3.2.1 Australia
6.3.2.2 Brazil
6.3.2.3 Canada
6.3.2.4 Chile
6.3.2.5 China
6.3.2.6 France
6.3.2.7 Germany
6.3.2.8 India
6.3.2.9 Iran
6.3.2.10 Italy
6.3.2.11 Japan
6.3.2.12 Mexico
6.3.2.13 New Zealand
6.3.2.14 Russia
6.3.2.15 Saudi Arabia
6.3.2.16 South Africa
6.3.2.17 South Korea
6.3.2.18 Thailand
6.3.2.19 U.K.
6.3.2.20 U.S.

7 Grease Market, By Thickener Type
7.1 Introduction
7.2 Market Size and Projection
7.3 Types of Thickener
7.3.1 Metallic Soap Thickener
7.3.1.1 Lithium
7.3.1.2 Calcium
7.3.1.3 Aluminum
7.3.1.4 Sodium
7.3.1.5 Other Metallic Soap
7.3.2 Non-Soap Thickener
7.3.2.1 Polyurea
7.3.3 Inorganic Thickener
7.3.3.1 Clay
7.3.3.2 Silica
7.3.4 Others

8 Grease Market, By End-Use Industry
8.1 Introduction
8.2 Automotive
8.3 Construction & Off-Highways
8.4 General Manufacturing
8.5 Steel
8.6 Mining
8.7 Others

9 Grease Market, By Region
9.1 Introduction
9.2 Asia-Pacific
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 South Korea
9.2.5 Australia & New Zealand
9.2.6 Thailand
9.2.7 Rest of Asia-Pacific
9.3 North America
9.3.1 U.S.
9.3.2 Canada
9.3.3 Mexico
9.4 Europe
9.4.1 Russia
9.4.2 Germany
9.4.3 U.K.
9.4.4 France
9.4.5 Rest of Europe
9.5 Middle East & Africa
9.5.1 Iran
9.5.2 Saudi Arabia
9.5.3 Egypt
9.5.4 Rest of Middle East & Africa
9.6 Latin America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Chile
9.6.4 Rest of Latin America

10 Competitive Landscape
10.1 Overview
10.2 Competitive Benchmarking
10.3 Market Share Analysis
10.4 Competitive Situations and Trends
10.4.1 Expansions
10.4.2 Collaborations
10.4.3 Acquisitions
10.4.4 Agreements
10.4.5 New Product Launches

11 Company Profiles
11.1 Regional Revenue Mix of Major Market Players
11.2 Royal Dutch Shell PLC
11.3 Chevron Corporation
11.4 Idemitsu Kosan Co., Ltd.
11.5 Sinopec Corporation
11.6 Total S.A.
11.7 Fuchs Petrolub SE
11.8 Exxonmobil Corporation
11.9 Petroliam Nasional Berhad (Petronas)
11.10 BP PLC
11.11 The DOW Chemical Company
11.12 JX Nippon Oil & Energy Corporation
11.13 Other Market Players
11.13.1 Axel Americas LLC
11.13.2 Balmer Lawrie & Co. Ltd.
11.13.3 Bel-Ray Company, LLC
11.13.4 Chemtool Incorporated
11.13.5 Citgo Petroleum Corporation
11.13.6 Harrison Manufacturing Co. PTY Ltd.
11.13.7 Hexol International Ltd.
11.13.8 Indian Oil Corporation Ltd.
11.13.9 Lubri-Lab Inc.
11.13.10 Lubrita.Com
11.13.11 Lukeoil
11.13.12 Marathon Petroleum Corporation
11.13.13 Penrite Oil Company
11.13.14 Phillips 66 Lubricants

12 Appendix
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Introducing RT: Real Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports

List of Tables

Table 1 Vehicles in Use, By Region and Country, 2010-2014
Table 2 Australia: Economic Outlook
Table 3 Brazil: Economic Outlook
Table 4 Canada: Economic Outlook
Table 5 Chile: Economic Outlook
Table 6 China: Economic Outlook
Table 7 France: Economic Outlook
Table 8 Germany: Economic Outlook
Table 9 India: Economic Outlook
Table 10 Iran: Economic Outlook
Table 11 Italy: Economic Outlook
Table 12 Japan: Economic Outlook
Table 13 Mexico: Economic Outlook
Table 14 New Zealand: Economic Outlook
Table 15 Russia: Economic Outlook
Table 16 Saudi Arabia: Economic Outlook
Table 17 South Africa: Economic Outlook
Table 18 South Korea: Economic Outlook
Table 19 Thailand: Economic Outlook
Table 20 U.K.: Economic Outlook
Table 21 U.S.: Economic Outlook
Table 22 Grease Market Size, By Thickener Type, 2014-2021 (Kiloton)
Table 23 Grease Market Size, By Thickener Type, 2014-2021 (USD Million)
Table 24 Grease Market: Breakdown of End-Use Industry
Table 25 Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 26 Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 27 Grease Market Size, By Region, 2014-2021 (Kiloton)
Table 28 Grease Market Size, By Region, 2014-2021 (USD Million)
Table 29 Asia-Pacific: Grease Market Size, By Country, 2014-2021 (Kiloton)
Table 30 Asia-Pacific: Grease Market Size, By Country, 2014-2021 (USD Million)
Table 31 Asia-Pacific: Grease Market Size, By Type, 2014-2021 (Kiloton)
Table 32 Asia-Pacific: Grease Market Size, By Type, 2014-2021 (USD Million)
Table 33 Asia-Pacific: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 34 Asia-Pacific: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 35 China: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 36 China: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 37 Japan: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 38 Japan: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 39 India: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 40 India: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 41 South Korea: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 42 South Korea: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 43 Australia & New Zealand: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 44 Australia & New Zealand: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 45 Thailand: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 46 Thailand: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 47 Rest of Asia-Pacific: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 48 Rest of Asia-Pacific: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 49 North America: Grease Market Size, By Country, 2014-2021 (Kiloton)
Table 50 North America: Grease Market Size, By Country, 2014-2021 (USD Million)
Table 51 North America: Grease Market Size, By Type, 2014-2021 (Kiloton)
Table 52 North America: Grease Market Size, By Type, 2014-2021 (USD Million)
Table 53 North America: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 54 North America: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 55 U.S.: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 56 U.S.: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 57 Canada: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 58 Canada: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 59 Mexico: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 60 Mexico: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 61 Europe: Grease Market Size, By Country, 2014-2021 (Kiloton)
Table 62 Europe: Grease Market Size, By Country, 2014-2021 (USD Million)
Table 63 Europe: Grease Market Size, By Type, 2014-2021 (Kiloton)
Table 64 Europe: Grease Market Size, By Type, 2014-2021 (USD Million)
Table 65 Europe: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 66 Europe: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 67 Russia: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 68 Russia: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 69 Germany: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 70 Germany: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 71 U.K.: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 72 U.K.: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 73 France: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 74 France: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 75 Rest of Europe: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 76 Rest of Europe: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 77 Middle East & Africa: Grease Market Size, By Country, 2014-2021 (Kiloton)
Table 78 Middle East & Africa: Grease Market Size, By Country, 2014-2021 (USD Million)
Table 79 Middle East & Africa: Grease Market Size, By Type, 2014-2021 (Kiloton)
Table 80 Middle East & Africa: Grease Market Size, By Type, 2014-2021 (USD Million)
Table 81 Middle East & Africa: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 82 Middle East & Africa: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 83 Iran: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 84 Iran: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 85 Saudi Arabia: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 86 Saudi Arabia: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 87 Egypt: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 88 Egypt: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 89 Rest of Middle East & Africa: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 90 Rest of Middle East & Africa: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 91 Latin America: Grease Market Size, By Country, 2014-2021 (Kiloton)
Table 92 Latin America: Grease Market Size, By Country, 2014-2021 (USD Million)
Table 93 Latin America: Grease Market Size, By Type, 2014-2021 (Kiloton)
Table 94 Latin America: Grease Market Size, By Type, 2014-2021 (USD Million)
Table 95 Latin America: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 96 Latin America: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 97 Brazil: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 98 Brazil: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 99 Argentina: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 100 Argentina: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 101 Chile: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 102 Chile: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 103 Rest of Latin America: Grease Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 104 Rest of Latin America: Grease Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 105 Brand Influence on the Grease Market
Table 106 Expansions, 2011-2016
Table 107 Collaborations, 2011-2016
Table 108 Acquisitions, 2011-2016
Table 109 Agreements, 2011-2016
Table 110 New Product Launches, 2011-2016

List of Figures

Figure 1 Grease Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Grease Market: Data Triangulation
Figure 5 Metallic Soap Thickener to Dominate the Grease Market Between 2016 and 2021
Figure 6 Automotive Segment to Register Highest CAGR Between 2016 and 2021
Figure 7 Asia-Pacific to Witness Fastest-Growth Rate During Projected Period
Figure 8 Asia-Pacific Estimated to Be Largest Market Between 2016 and 2021
Figure 9 Grease Market to Witness Moderate Growth Between 2016 and 2021
Figure 10 Asia-Pacific to Grow at Highest Rate Between 2016 and 2021
Figure 11 China Accounted for Largest Grease Market Share in Asia-Pacific, 2015
Figure 12 Asia-Pacific to Be Fastest-Growing Market for Grease Between 2016 and 2021
Figure 13 Automotive Accounted for Largest Market Share, in 2015
Figure 14 China and India to Emerge as Lucrative Markets Between 2016 and 2021
Figure 15 Asia-Pacific Grease Market Projected to Register High Growth During Forecast Period
Figure 16 Grease Market, By Region
Figure 17 Overview of the Forces Governing the Grease Market
Figure 18 Revenue Pocket Matrix: Thickener Type
Figure 19 Revenue Pocket Matrix: End-Use Industry
Figure 20 Raw Materials Account for Major Value Addition
Figure 21 Porter’s Five Forces Analysis
Figure 22 Vehicles in Use, By Region, 2014
Figure 23 Construction Industry Growth Rate, 2014
Figure 24 Manufacturing Industry Growth Rate, 2015
Figure 25 Metallic Soap Thickener Segment to Witness Significant Growth Rate
Figure 26 Lithium to Dominate the Metallic Soap Thickener Market Till 2021
Figure 27 Properties of Metallic Soap Thickeners
Figure 28 Asia-Pacific to Register the Highest Growth Rate for Metallic Soap Thickeners Between 2016 and 2021
Figure 29 Automotive Segment to Witness Highest Growth During the Projected Period
Figure 30 Regional Snapshot (2016-2021): China, India, Thailand, and Brazil are Emerging as Strategic Locations
Figure 31 India to Be the Fastest-Growing Grease Market Between 2016 and 2021
Figure 32 Asia-Pacific Market Snapshot: Automotive Industry to Dominate the Grease Market
Figure 33 North American Market Snapshot: U.S. to Register High Growth During Forecast Period
Figure 34 Grease Market in Europe Snapshot: Russia to Dominate the Market During Forecast Period
Figure 35 Grease Market in Middle East & Africa Snapshot: Saudi Arabia to Register High Growth During Forecast Period
Figure 36 Brazil to Dominate the Grease Market in Latin America Between 2016 and 2021
Figure 37 Companies Adopted Expansions as the Key Growth Strategy Between 2011 and 2016
Figure 38 Grease Market Share, By Company, 2015
Figure 39 Royal Dutch Shell PLC: Company Snapshot
Figure 40 Chevron Corporation: Company Snapshot
Figure 41 Idemitsu Kosan Co., Ltd: Company Snapshot
Figure 42 Sinopec Corporation: Company Snapshot
Figure 43 Total S.A.: Company Snapshot
Figure 44 Fuchs Petrolub SE : Company Snapshot
Figure 45 Exxonmobil Corporation: Company Snapshot
Figure 46 Petroliam Nasional Berhad (Petronas): Company Snapshot
Figure 47 BP PLC: Company Snapshot
Figure 48 The DOW Chemical Company: Company Snapshot
Figure 49 JX Nippon Oil & Energy Corporation: Company Snapshot
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FEATURED COMPANIES

  • Axel Americas LLC
  • BP PLC
  • Exxonmobil Corporation
  • Idemitsu Kosan Co., Ltd.
  • Lukeoil
  • Royal Dutch Shell PLC
  • MORE
The global grease market is projected to reach USD 2.28 Billion by 2021, registering a CAGR of 2.0% between 2016 and 2021. The growth of the market is primarily driven by the automotive industry. Automobile uses grease in various parts, such as wheel bearings, ball and steering joints, universal joints, chassis, suspensions, gears, switches, and connectors.

The automotive industry dominated the grease market in 2015; however, it is projected to register the highest growth rate in the overall market between 2016 and 2021. The increased need for high-quality grease for processing automotive equipment and the use of advanced technologies boost the market.

The grease market is classified on the basis of type as metallic soap thickener, non-soap thickener, inorganic thickener, and others. The market is dominated by metallic soap thickener owing to global demand for multifunctional grease. Some of the related thickener soaps of metallic soap thickener are lithium, calcium, sodium, and aluminum. Metallic soap thickener is estimated to register high growth during the forecast period.

The industry is highly fragmented in terms of segments to which the products are offered, which increases the market competition for small players. Moreover, the players are focusing on developing innovative products to meet the growing demand from end-use industries.

Currently, Asia-Pacific is the largest and fastest-growing market for the grease market. The growing automotive and the manufacturing industry in the region are expected to drive the increasing demand for grease. On the other hand, Middle East & Africa is projected to be the second fastest-growing region between 2016 and 2021. This high growth is attributed to the growing industrial sector in the region

The major factor restraining growth of the grease market is unstable economic situation. The 2008 global economic turmoil has virtually hit almost all the sectors in developed nations of North America and Western Europe. There have been no significant investments in the key end-user sectors such as manufacturing, energy, and automotive. However, Asian countries such as, China and Japan have increased the production and utilization of grease.

Some of the major players of Asia-Pacific grease market are Sinopec Corporation (China), Petronas (Malaysia), Idemitsu Kosan co ltd (Japan), and JX Nippon Oil & Energy Corporation (Japan). The players in this market need to compete with each other with respect to prices and offering wide product range to meet the market requirements. These companies are expected to develop new strategies and innovative technologies for the grease production.

Exteneded Description

The global grease market has been segmented on the basis of type, end-use industry, and region. Metallic soap thickener is projected to play a key role in fueling the growth of the overall grease market owing to its unique properties, making it suitable for use in various automotive, construction & off-highways, general manufacturing, steel, mining, and other end-use industries.

Metallic soap thickener is the most extensively used grease owing to global demand for high performance and mechanical stable grease for mechanical tools and equipment. Some of the major applications include wheel bearing, auto gears, wind turbine, electric motors, battery terminals, and hydraulic machines.

In this report, market sizes have been derived using both bottom-up and top-down approaches. First, the market size for each type (metallic soap thickener, non-soap thickener, inorganic thickener, and others) for various regions (Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America) and countries have been identified using secondary and primary research. The overall grease market size for various regions and countries has been calculated by adding these individual markets.

Regional-level grease market sizes have been further derived on the basis of end-use industry using percentage split gathered during the research. For future growth (CAGR), trends of the grease market and end-use industries – automotive, construction & off-highways, general manufacturing, steel, mining, and other – have been analyzed. Findings of this study have been verified through primary research by conducting extensive interviews of key officials such as CEOs, VPs, directors, and executives.

As the grease industry is vertically integrated, the raw material suppliers themselves are the manufacturers. The major grease manufacturers include Royal Dutch Shell plc (Netherlands), Exxon Mobil Corporation (U.S.), Sinopec Limited (China), Total S.A. (France), Chevron Corporation (U.S.), Fuchs Petrolub AG (Germany), and others.

The target audiences for the grease market report are as follows:

- Grease manufacturers
- Grease suppliers
- Grease formulators
- Raw material suppliers
- Service providers
- End users, such as automotive, construction & off-highways, general manufacturing, steel, mining, and others

Scope of the Report:

This report categorizes the global grease market on the basis of type, end-use industry, and region.

Market Segmentation, by Type:

The grease market has been segmented on the basis of metallic soap thickener, non-soap thickener, inorganic thickener, and others.

Market Segmentation, by End-Use Industry:

The grease market has been segmented on the basis of end-use industry as automotive, construction & off-highways, general manufacturing, steel, mining, and other.

Market Segmentation, by Region:

The regional analysis covers Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America.
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- Axel Americas LLC
- BP PLC
- Balmer Lawrie & Co. Ltd.
- Bel-Ray Company, LLC
- Chemtool Incorporated
- Chevron Corporation
- Citgo Petroleum Corporation
- Exxonmobil Corporation
- Fuchs Petrolub SE
- Harrison Manufacturing Co. PTY Ltd.
- Hexol International Ltd.
- Idemitsu Kosan Co., Ltd.
- Indian Oil Corporation Ltd.
- JX Nippon Oil & Energy Corporation
- Lubri-Lab Inc.
- Lubrita.Com
- Lukeoil
- Marathon Petroleum Corporation
- Penrite Oil Company
- Petroliam Nasional Berhad (Petronas)
- Phillips 66 Lubricants
- Regional Revenue Mix of Major Market Players
- Royal Dutch Shell PLC
- Sinopec Corporation
- The DOW Chemical Company
- Total S.A.
Note: Product cover images may vary from those shown
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