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Grease Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4515788
  • Report
  • February 2020
  • Region: Global
  • 150 pages
  • Mordor Intelligence
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  • Axel Christiernsson
  • Chevron Corporation
  • Exxon Mobil Corporation
  • Kluber Lubrication
  • Orlen Oil
  • Petromin
  • MORE
The market for grease is expected to register a CAGR of around 2% during the forecast period. Major factors driving the market studied are the growing manufacturing sector in the Asia-Pacific region and the industrial growth in Middle East & Africa. However, high prices of synthetic greases is expected to hinder the growth of the grease market.
  • Automotive and the transportation segment is the dominating end-user industry for grease. Whereas, consumption of grease in chemical manufacturing is expected to register the highest CAGR through the forecast period.
  • Numerous upcoming construction projects in North America and Asia-Pacific regions are likely to act as an opportunity in the future.
  • Asia-Pacific dominated the grease market followed by North America and Europe across the globe with the largest consumption from countries, such as China, India, United States, and Germany, among others.
Key Market Trends

Automotive & Other Transportation to Dominate the Market
  • The demand from the automotive sector contributes significantly to the global grease market. The growing OEM and RMO markets in the automotive industry are expected to have a direct impact on the demand for greases during the forecast period.
  • According to the National Lubricating Grease Institute (NLGI), NLGI 2 grade grease is widely preferred for automotive applications.
  • Automotive greases are used to lubricate the chassis, suspension, and steering. Additionally, automotive greases can be classified on the basis of their GC and LB ratings. GC rating can be employed for lubrication of axle and wheel, whereas LB can be used for lubrication of different type of joints, including U-joints and ball joints, tie-rod ends, and control arm-shafts.
  • The automotive is the largest and fastest-growing end-user industry for grease. Passenger and commercial vehicles are driving the demand for high-performance grease in the automotive industry.
  • In the automotive industry, grease is used in various auto parts, such as wheel bearings, universal joints, suspensions, gears, switches, and connectors, because of their properties (which include mechanical stability, temperature tolerance, water resistance, and anti-oxidants). The need for high-performance grease is increasing, with the manufacture of machines and equipment for end-user industries.
  • Overall, with the increasing automotive production and sales coupled with marginal growths in aerospace, marine, and railway sector, the demand for grease from automotive & other transportation segment is projected to increase during the forecast period.
Asia-Pacific to Dominate the Market
  • Asia-Pacific was found to be the major market for the consumption of grease followed by North America and Europe.
  • China, India, and Indonesia are expected to be leading countries witnessing strong demand for grease consumption during the forecast period.
  • Asia-Pacific has been a potential region for the growth in automotive production and sales, with countries, such as China, India, Indonesia, and Malaysia exhibiting constant growth rates in the recent past. However, there was a decline in automotive production in China and India in 2019. This is expected to recover by second half of 2020.
  • Other end-user industries, such as construction and manufacturing are growing, with increasing investments in ASEAN countries, which is further contributing to the growth of the lubricants consumption as a whole and grease in particular, in the region.
  • The aforementioned factors are contributing to the increasing demand for grease consumption in the region during the forecast period.
Competitive Landscape

The grease market is highly fragmented with the top five players accounting for about 20-30% of the market. The major companies include Royal Dutch Shell Plc, Exxon Mobil Corporation, BP Plc (Castrol), FUCHS, Axel Christiernsson, and China Petrochemical Corporation (Sinopec), among others.

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  • Axel Christiernsson
  • Chevron Corporation
  • Exxon Mobil Corporation
  • Kluber Lubrication
  • Orlen Oil
  • Petromin
  • MORE
1.1 Study Assumptions
1.2 Scope of the Study




4.1 Drivers
4.1.1 Increasing Manufacturing Sector in Asia-Pacific
4.1.2 Growing Usage of High-performance Greases
4.1.3 Industrial Growth in Middle East & Africa
4.2 Restraints
4.2.1 High Prices of Synthetic Greases
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition


5.1 Thickeners
5.1.1 Metal Soaps
5.1.2 Other Thickeners
5.2 End-user Industry
5.2.1 Power Generation
5.2.2 Automotive and Other Transportation
5.2.3 Heavy Equipment
5.2.4 Food and Beverage
5.2.5 Metallurgy and Metal Working
5.2.6 Chemical Manufacturing
5.2.7 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific China India Japan South Korea Philippines Indonesia Malaysia Thailand Vietnam Rest of Asia-Pacific
5.3.2 North America United States Canada Rest of North America
5.3.3 Europe Germany United Kingdom Italy France Russia Turkey Spain Rest of Europe
5.3.4 South America Brazil Argentina Columbia Chile Rest of South America
5.3.5 Middle-East Saudi Arabia Iran Iraq United Arab Emirates Kuwait Rest of Middle-East
5.3.6 Africa Egypt South Africa Nigeria Algeria Morocco Rest of Africa


6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles

6.4.1 Axel Christiernsson

6.4.2 BECHEM Lubrication Technology, LLC
6.4.3 Calumet Branded Products, LLC
6.4.4 BP Plc (Castrol)
6.4.5 Chevron Corporation
6.4.6 ETS
6.4.7 Exxon Mobil Corporation
6.4.8 FUCHS
6.4.9 Gazpromneft - Lubricants, Ltd.
6.4.10 JXTG Nippon Oil & Energy Corporation
6.4.11 Kluber Lubrication
6.4.12 Jiangsu Lopal Tech Co. Ltd
6.4.13 Lukoil
6.4.14 Orlen Oil
6.4.15 Penrite Oil
6.4.16 Petromin
6.4.17 Petroliam Nasional Berhad (PETRONAS)
6.4.18 Suncor Energy Inc (Petro-Canada)
6.4.19 Royal Dutch Shell Plc
6.4.20 China Petrochemical Corporation (Sinopec)
6.4.21 SKF
6.4.22 Total


7.1 Numerous Upcoming Construction Projects in North America and APAC
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  • Axel Christiernsson
  • BECHEM Lubrication Technology, LLC
  • Calumet Branded Products, LLC
  • BP Plc (Castrol)
  • Chevron Corporation
  • ETS
  • Exxon Mobil Corporation
  • Gazpromneft - Lubricants, Ltd.
  • JXTG Nippon Oil & Energy Corporation
  • Kluber Lubrication
  • Jiangsu Lopal Tech Co. Ltd
  • Lukoil
  • Orlen Oil
  • Penrite Oil
  • Petromin
  • Petroliam Nasional Berhad (PETRONAS)
  • Suncor Energy Inc (Petro-Canada)
  • Royal Dutch Shell Plc
  • China Petrochemical Corporation (Sinopec)
  • SKF
  • Total
Note: Product cover images may vary from those shown
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