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Grease Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 143 Pages
  • March 2022
  • Region: Global
  • IMARC Group
  • ID: 5562555
The global grease market reached a value of US$ 3.50 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 4.35 Billion by 2027 exhibiting a CAGR of 3.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.



Grease is a semi-solid lubricant used for protecting vessels, machines, vehicles and their components from corrosion, wear and tear. It contains performance-enhancing additives, lubricating fluids and thickeners. It is manufactured using rendered fat of waste animal parts, inedible lard and synthetic oil, or can be petroleum-derived containing a thickening agent. Grease acts as a sealant to minimize leakage of water and protects from contaminants. It assists in maintaining flexibility, protecting bearing surfaces, enhancing stop-start performance and reducing friction. It provides high thermal stability and wear resistance, enhanced rust-proofing performance, high viscosity index and corrosion protection. As a result, grease finds extensive application across various industries, such as automotive, chemical manufacturing, power generation, metallurgy, food and beverage.

Grease Market Trends:


Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Grease is widely used to lubricate ball joints, tie-rod ends, suspension, chassis, control arm-shafts and U-joints. In line with this, the increasing demand for high-performance vehicles is favoring the market growth. In addition, grease protects various auto parts, such as switches, connectors, wheel bearings and gears from wear and tear due to its stability and temperature tolerance properties. Moreover, various product innovations, such as the development of bio-based and environment-friendly grease manufactured using renewable, non-toxic materials with low sulfur levels, are providing a considerable boost to the market growth. Additionally, the widespread adoption of high-performance grease in wind power plants to remove residue and ensure cleaner operations is positively impacting the market growth. Apart from this, the implementation of various government initiatives to encourage the utilization of bio-based grease and the increasing product demand in the manufacturing sector are anticipated to drive the market toward growth.

Key Market Segmentation:


The publisher provides an analysis of the key trends in each sub-segment of the global grease market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on thickener type, base oil and end user.

Breakup by Thickener Type:

  • Metallic-Soap Thickener
  • Non-Soap Thickener
  • Inorganic Thickener
  • Others

Breakup by Base Oil:

  • Mineral Oil
  • Synthetic Oil
  • Bio-based Oil

Breakup by End User:

  • Automotive
  • Construction and Off-Highways
  • General Manufacturing
  • Steel
  • Mining
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:


The competitive landscape of the industry has also been examined along with the profiles of the key players being AXEL Christiernsson AB, Carl Bechem GmbH, Chemtool Incorporated (Lubrizol Corporation), ENEOS Holdings Inc, Exxon Mobil Corporation, Fuchs Petrolub SE, Gazpromneft - Lubricants Ltd. (Gazprom Neft PJSC), Harrison Manufacturing Company, Klüber Lubrication (Freudenberg Chemical Specialities SE & Co. KG), LUKOIL, Petromin Corporation (Al Dabbagh Group Holding Company Limited) and Royal Dutch Shell PLC.

Key Questions Answered in This Report:


  • How has the global grease market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global grease market?
  • What are the key regional markets?
  • What is the breakup of the market based on the thickener type?
  • What is the breakup of the market based on the base oil?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global grease market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Grease Market

What is the estimated value of the Global Grease Market?

The Global Grease Market was estimated to be valued at $3.5 Billion in 2021.

What is the growth rate of the Global Grease Market?

The growth rate of the Global Grease Market is 3.6%, with an estimated value of $4.35 Billion by 2027.

What is the forecasted size of the Global Grease Market?

The Global Grease Market is estimated to be worth $4.35 Billion by 2027.

Who are the key companies in the Global Grease Market?

Key companies in the Global Grease Market include AXEL Christiernsson AB, Carl Bechem GmbH, Chemtool Incorporated (Lubrizol Corporation), ENEOS Holdings Inc, Exxon Mobil Corporation, Fuchs Petrolub SE, Gazpromneft, Lubricants Ltd. (Gazprom Neft PJSC) and Klüber Lubrication (Freudenberg Chemical Specialities SE & Co. KG).

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Grease Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Thickener Type
6.1 Metallic-Soap Thickener
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Non-Soap Thickener
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Inorganic Thickener
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Base Oil
7.1 Mineral Oil
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Synthetic Oil
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Bio-based Oil
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End User
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Construction and Off-Highways
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 General Manufacturing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Steel
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Mining
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AXEL Christiernsson AB
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Carl Bechem GmbH
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Chemtool Incorporated (Lubrizol Corporation)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 ENEOS Holdings Inc
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Exxon Mobil Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Fuchs Petrolub SE
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Gazpromneft - Lubricants Ltd. (Gazprom Neft PJSC)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Harrison Manufacturing Company
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Klüber Lubrication (Freudenberg Chemical Specialities SE & Co. KG)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 LUKOIL
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Petromin Corporation (Al Dabbagh Group Holding Company Limited)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Royal Dutch Shell PLC
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
List of Figures
Figure 1: Global: Grease Market: Major Drivers and Challenges
Figure 2: Global: Grease Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Grease Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Grease Market: Breakup by Thickener Type (in %), 2021
Figure 5: Global: Grease Market: Breakup by Base Oil (in %), 2021
Figure 6: Global: Grease Market: Breakup by End User (in %), 2021
Figure 7: Global: Grease Market: Breakup by Region (in %), 2021
Figure 8: Global: Grease (Metallic-Soap Thickener) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Grease (Metallic-Soap Thickener) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Grease (Non-Soap Thickener) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Grease (Non-Soap Thickener) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Grease (Inorganic Thickener) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Grease (Inorganic Thickener) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Grease (Other Thickener Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Grease (Other Thickener Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Grease (Mineral Oil) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Grease (Mineral Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Grease (Synthetic Oil) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Grease (Synthetic Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Grease (Bio-Based Oil) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Grease (Bio-Based Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Grease (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Grease (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Grease (Construction and Off-Highways) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Grease (Construction and Off-Highways) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Grease (General Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Grease (General Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Grease (Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Grease (Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Grease (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Grease (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Grease (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Grease (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Grease Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Grease Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Grease Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Grease Industry: SWOT Analysis
Figure 84: Global: Grease Industry: Value Chain Analysis
Figure 85: Global: Grease Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Grease Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Grease Market Forecast: Breakup by Thickener Type (in Million US$), 2022-2027
Table 3: Global: Grease Market Forecast: Breakup by Base Oil (in Million US$), 2022-2027
Table 4: Global: Grease Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Grease Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Grease Market: Competitive Structure
Table 7: Global: Grease Market: Key Players

Companies Mentioned

  • AXEL Christiernsson AB
  • Carl Bechem GmbH
  • Chemtool Incorporated (Lubrizol Corporation)
  • ENEOS Holdings Inc
  • Exxon Mobil Corporation
  • Fuchs Petrolub SE
  • Gazpromneft - Lubricants Ltd. (Gazprom Neft PJSC)
  • Harrison Manufacturing Company
  • Klüber Lubrication (Freudenberg Chemical Specialities SE & Co. KG)
  • LUKOIL
  • Petromin Corporation (Al Dabbagh Group Holding Company Limited)
  • Royal Dutch Shell PLC.

Methodology

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