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Lithium Grease Market - Global Outlook and Forecast 2022-2027

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  • 256 Pages
  • July 2022
  • Region: Global
  • Arizton
  • ID: 5625032
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Lithium grease is used for lubrication in mechanical systems. The primary purpose of lithium-based lubricants is to reduce friction between moving parts resulting in increased efficiency and output of the system. Grease also minimizes the wear of machine parts, increasing the life of components. Lithium grease accounts for more than 70% of the global grease market.

Advantages: -
  • Lithium grease provides long-lasting protection against oxidation, extreme temperature, and wear & tear.
  • These lubricants are suitable for various applications ranging from general-purpose to heavy-duty.
  • The other advantage of lithium-based lubricants is that it minimizes leakage and avoid contaminants.
  • The lubricants are used in machines that cannot be frequently lubricated.
Glance through the report of more than 232 pages comprising 154 tables and more than 210 exhibits to develop a deep understanding of the market.

Increase in Demand for Automotive in Emerging Economies To Create Lucrative Opportunities.

The automotive industry is one of the significant consumers of lithium grease. Lithium grease is used in various parts, joints of automobiles, and even in chassis & wheel bearing applications. In emerging markets like China, India, Brazil, and Mexico, the demand for automotive increases due to increased population, increased purchasing power, and rising per capita income. In 2021, according to OICA, more than 71 million vehicles were manufactured across the globe, which is a 5 million rise compared to the previous year.

Rise of Automation in Industries is Driving the Growth of Lithium Greases Market.

Automation is the use of equipment and technology to automate production systems or processes to boost efficiency by decreasing manual labor. Automation has two main advantages: boosting production activities and reducing human errors. This keeps operations lean, efficient, and productive. There is an increase in the adoption of automation across different industries to increase production and reduce error and production costs. As automation increases, mechanical parts are constantly under motion and load, which mandates a high lubrication requirement for the system to work efficiently without any breakdown. This increases the demand for lithium grease for lubrication purposes.

Volatility in Price of Raw Material May Impact the Industry

As raw material prices fluctuate, manufacturers find it challenging to maintain the constant cost of lithium grease. In recent years, there has been a shortage in lithium availability due to high demand from the EV industry. There is a sudden increase in demand for lithium, and hence the prices are rising at a high rate. In addition, there is a constant fluctuation in crude oil prices, which impacts the cost of base oil used in production.


Around 256 Kilotons of lithium complex grease were sold in 2021.

Simple thickeners constitute the largest portion of the global lithium grease market share due to their low cost. The simple thickeners claimed the market quickly due to their better water resistance and high-temperature application than other soaps like sodium and calcium. The lithium complex grease comprises two molecules, the co-crystallization of lithium soap molecules and the dibasic salt molecule. Lithium complex grease has many advantages over simple thickeners; hence, it replaces the simple lithium grease. The complex thickener type witnessed almost 256 kilotons of sales in 2021 and is expected to witness maximum sales in the APAC region by 2027. The complex thickeners consist of complexing agents. The oil has a higher dropping point.

Heavy Duty lithium grease would remain dominant over the forecast period.

General-purpose grease is suitable for all regular applications, whereas heavy-duty lithium grease is used in applications where the parts are in contact with high load and temperature. Heavy-duty grease is projected to witness significant growth due to the increased use of heavy machinery in construction, mining, and industrial manufacturing.

The Automotive & transportation industry is the largest and fastest-growing end-user

Lithium grease is majorly used in automotive & transportation, industrial, building & construction, and mining. It is suitable for lubrication of a wide range of parts & joints of vehicles; hence as the production of vehicles is increased, the demand for lithium grease is expanding. It is used in the lubrication of electric and hybrid vehicles. Increasing demand for automotive and other vehicles in Asia-Pacific, South America, and Middle East regions are expected to drive the industry.

Thickener Type

  • Simple
  • Complex


  • General Purpose
  • Heavy Duty


  • Automotive & Transportation
  • Industrial
  • Building
  • Mining
  • Others
China is witnessing a surge in demand for Lithium Grease.

APAC was the most prominent and fastest-growing market. The region was led by China and is witnessing a surge in demand from the automotive & transportation sector, increasing mining activities, and manufacturing & machinery sector. Countries such as India, and Japan, South Korea, are also expected to increase their manufacturing & construction activities which would further propel the demand.


  • North America
  • US
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • APAC
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • Iran
  • South Africa
  • UAE
  • Rest of MEA


The competitive scenario in the global lithium grease market is currently intensifying. The constantly changing prices of raw materials are adversely affecting the vendors. Players find it difficult to secure the lithium used in manufacturing the lubricant. The key players are Shell plc (UK), Phillips 66 (US), Sinopec(China Petrochemical Corporation) (China), Exxon Mobil Corporation (US) & Total Energies (France). The key vendors focus on innovation, product diversification & entering new markets. However, new players can enter the market quickly as lithium grease caters to a high market share of oil worldwide.

The report provides a holistic approach to the Lithium Grease industry to enable customers to analyze the market efficiently.


  • Shell PLC
  • Philips 666
  • Sinopec
  • ExxonMobil
  • Total Energies


  • Chevron Corporation
  • Petronas Lubricant
  • PT Pertamania Lubricants
  • Rosneft Lubricant
  • Eneos Corporation
  • ENI
  • HP Lubricant Inc
  • Eurol
  • Fuchs Lubricants
  • Paras Lubricant
  • Valvoline
  • Lucas Oil Products
  • Gulf Oil Lubricants
  • CJ Chemicals
  • Adolf7 Automotive Industries
  • Tide Water Oil Co.
  • BP Plc
  • Joseph Fazzio Inc
  • Idemitsu Kosan Co.
  • Bharat Petroleum



Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Premium Insights
7.1 Lithium Grease Market
7.2 Market Synopsis
7.3 Segment Review
8 Introduction
8.1 Overview
8.2 Value Chain
9 Market Opportunities & Trends
9.1 Demand for Automobiles in Emerging Economies
9.2 Innovations in Lithium Grease
10 Market Growth Enablers
10.1 Rise of Automation in Industries
10.2 Demand for Electric Vehicles
10.3 Growth of Construction & Infrastructure Industry
11 Market Restraints
11.1 Raw Material Price Volatility
11.2 Availability of Low-Cost Substitutes
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis
13 Thickener
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Simple Lithium
13.4 Lithium Complex
14 Application
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 General Purpose
14.4 Heavy Duty
15 End-Use
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Automotive & Transportation
15.4 General Manufacturing
15.5 Building & Construction
15.6 Mining
15.7 Others
16 Geography
16.1 Market Snapshot & Growth Engine
16.2 Geographic Overview
17 North America
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Thickener Type
17.4 Application
17.5 End-Use Industry
17.6 Key Countries
17.7 US
17.8 Canada
18 Europe
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Thickener
18.4 Application
18.5 End-Use Industry
18.6 Key Countries
18.7 Germany
18.8 UK
18.9 France
18.10 Italy
18.11 Spain
18.12 Russia
18.13 Rest of Europe
19 Apac
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Thickener
19.4 Application
19.5 End-Use Industry
19.6 Key Countries
19.7 China
19.8 India
19.9 Japan
19.10 Australia
19.11 South Korea
19.12 Rest of Apac
20 Latin America
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Thickener
20.4 Application
20.5 End-Use
20.6 Key Countries
20.7 Brazil
20.8 Mexico
20.9 Rest of Latin America
21 Middle East & Africa
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Thickener
21.4 Application
21.5 End-Use
21.6 Key Countries
21.7 Iran
21.8 South Africa
21.9 Uae
21.10 Rest of Middle East & Africa
22 Competitive Landscape
22.1 Competition Overview
23 Key Company Profiles
23.1 Shell plc
23.2 Phillips 66 Company
23.3 Sinopec Corporation
23.4 Exxon Mobil Corporation
23.5 Totalenergies
24 Other Prominent Vendors
24.1 Chevron Corporation
24.2 Petronas Lubricants International
24.3 Pt Pertamina Lubricants
24.4 Rosneft Lubricants
24.5 Eneos Corporation
24.6 Eni
24.7 Hp Lubricants
24.8 Eurol
24.9 Fuchs Lubricants (India) Pvt. Ltd.
24.10 Paras Lubricants Limited
24.11 Valvoline
24.12 Lucas Oil Products, Inc.
24.13 Gulf Oil Lubricants India Ltd
24.14 Cj Chemicals
24.15 Adolf7 Automotive Industries Pvt. Ltd.
24.16 Tide Water Oil Co. (India) Ltd.
24.17 Bp plc
24.18 Joseph Fazzio Inc.
24.19 Idemitsu Kosan Co. Ltd.
24.20 Bharat Petroleum Corporation Limited
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Quantitative Summary
26.1 Thickener
26.2 Application
26.3 End-Use
27 Appendix
27.1 Abbreviations

Companies Mentioned

  • Shell PLC
  • Philips 666
  • Sinopec
  • ExxonMobil
  • Total Energies
  • Chevron Corporation
  • Petronas Lubricant
  • PT Pertamania Lubricants
  • Rosneft Lubricant
  • Eneos Corporation
  • ENI
  • HP Lubricant Inc
  • Eurol
  • Fuchs Lubricants
  • Paras Lubricant
  • Valvoline
  • Lucas Oil Products
  • Gulf Oil Lubricants
  • CJ Chemicals
  • Adolf7 Automotive Industries
  • Tide Water Oil Co.
  • BP Plc
  • Joseph Fazzio Inc
  • Idemitsu Kosan Co.
  • Bharat Petroleum


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.