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Grease Market By Base Oil, By Thickener Type, By End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 354 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713067
The global grease market was valued at $4.2 billion in 2021, and is projected to reach $5.7 billion by 2031, growing at a CAGR of 3.2% from 2022 to 2031.

Grease is a semi-solid lubricant, generally composed of soap emulsified with vegetable or mineral oil. It is primarily used to reduce friction and minimize wear between two moving surfaces. It is preferred over oil as it acts as a sealant to prevent lubricant leakage and keep deteriorated seals in such cases where oil would leak out of the application. Grease prevents the ingress of corrosive contaminants and foreign matter. In addition, devices that require grease are simpler in design, occupy less space, and weigh significantly lesser than similar devices, reducing both overall equipment maintenance and maintenance costs. This particular application and benefits of lubricating grease has significantly increased its demand in various end-use industries. A typical grease is generally composed of 75-80% oil, is 10-15% thickener, and has 5-10% lubricant additives. Grease has a relatively longer service life than liquid lubrication before it needs to be replenished, which is a key advantage in hazardous or hard-to-reach areas.

Rise in sales of passenger and commercial vehicles increases the demand for grease in the automotive and transportation industry. In the automotive industry, excellent properties of grease such as heat resistance, mechanical stability, and antioxidant and water resistance make it suitable for various applications in various automotive parts such as universal joints, automotive bearings, switches, gears and suspensions. In addition, grease also plays an important role in chemical manufacturing equipments and the growth of the global chemical industry directly impacts the grease market. Grease also occupies a large consumption share in the construction industry, especially in metalworking, and a number of upcoming projects in the Asia-Pacific region are expected to boost the grease market in the region.

In addition, the increase in preference of lubricating grease over lubricating oil in several end-use industries such as on-highway vehicles, off-highway vehicles, chemical, food, beverage, and other industries is an indication of the increasing popularity of lubricating grease worldwide.

The grease market is segmented on the basis of base oil, thickener type, end-use industry, and region. On the basis of base oil, the market is classified into mineral oil, synthetic oil, and bio-based oil. On the basis of thickener type, the market is categorized into metallic soap, non-soap, and inorganic. On the basis of end-use industry, the market is divided into power generation, automotive, heavy equipment, food & beverage, chemical manufacturing, and others. Region-wise it is analyzed across North America, Europe, Asia-pacific, and LAMEA regions.

The global grease market analysis covers in-depth information about the major industry participants. The major players operating in the industry include Axel Christiernsson, ENEOS Holdings, Inc., Exxon Mobil Corporation, FUCHS, Idemitsu Kosan Co., Ltd., Petroliam Nasional Berhad (PETRONAS), PKN ORLEN, Sinopec Corporation, The Chevron Corporation, TOTAL energies. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares. The report includes the study of the grease market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the grease market analysis from 2021 to 2031 to identify the prevailing grease market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the grease market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global grease market trends, key players, market segments, application areas, and market growth strategies.

Impact of COVID-19 outbreak on the market
  • The government has taken various measures to combat the effect of the pandemic on this market. Accelerated business is expected because of this. Therefore, there is a slight impact of COVID-19 on automotive market.
  • The use of cutting-edge technology is essential to the growth of all these industries as competition increases and manual operation challenges increase. Rise in labor costs and safety requirements are also increasing the demand for process automation. The use of automation contributes to higher production rates, lower labor costs and improved worker safety. As such, most companies are automating their operating systems, which in turn encourages grease consumption.
  • The automotive industry's demand for grease greatly impacts the grease market. During the projection period, the expansion of the OEM and RMO sectors in the automotive sector is anticipated to directly affect the need for greases.
  • The International Organization of Motor Vehicle Manufacturers (OICA) estimates that 80.15 million vehicles were produced in 2021, a 3% increase over 2020. In 2021, the main hub for car manufacturing Asia-Pacific witnessed a general increase of around 6%.
  • In 2021, China produced the most automobiles with 26 million units, an increase of 3% over the previous year. On the other side, the Indian car industry had tremendous growth, with 4.4 million automobiles produced in 2021, a 30% increase from 2020.
  • Production of electric vehicles has increased significantly as a result of the expanding use of batteries in the automotive industry. Norway's fleet had the highest percentage of electric vehicles as of 2021. Therefore, the consumption of grease is projected to increase over the projection period due to all of the aforementioned factors.

Key Market Segments

By Base Oil

  • Mineral Oil
  • Synthetic Oil
  • Bio-based Oil

By Thickener Type

  • Metallic Soap
  • Non-Soap
  • Inorganic

By End-Use Industry

  • Power Generation
  • Automotive
  • Heavy Equipment
  • Food and Beverage
  • Chemical Manufacturing
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest Of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa,
  • Saudi Arabia
  • Rest Of LAMEA

Key Market Players

  • Petronas
  • Idemitsu Kosan Co. Ltd.
  • TOTAL SA
  • Exxon Mobil Corporation
  • BP plc
  • FUCHS
  • Axel Christiernsson
  • Sinopec Corporation
  • The Chevron Corporation
  • ENEOS Holdings Inc
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 $4.2 billion in 2021.

What is the growth rate of the Global Grease Market?

The growth rate of the Global Grease Market is 3.1%, with an estimated value of $5.7 billion by 2031.

What is the forecasted size of the Global Grease Market?

The Global Grease Market is estimated to be worth $5.7 billion by 2031.

Who are the key companies in the Global Grease Market?

Key companies in the Global Grease Market include Petronas, Idemitsu Kosan Co. Ltd., TOTAL SA, Exxon Mobil Corporation, BP plc, FUCHS, Axel Christiernsson, Sinopec Corporation and ENEOS Holdings Inc.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Regulatory Guidelines
3.9. Patent Landscape

CHAPTER 4: GREASE MARKET, BY BASE OIL
4.1 Overview
4.1.1 Market size and forecast
4.2 Mineral Oil
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Synthetic Oil
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Bio-based Oil
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: GREASE MARKET, BY THICKENER TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Metallic Soap
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Non-Soap
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Inorganic
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country

CHAPTER 6: GREASE MARKET, BY END-USE INDUSTRY
6.1 Overview
6.1.1 Market size and forecast
6.2 Power Generation
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Automotive
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Heavy Equipment
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Food and Beverage
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Chemical Manufacturing
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
6.7 Others
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market analysis by country

CHAPTER 7: GREASE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Base Oil
7.2.3 North America Market size and forecast, by Thickener Type
7.2.4 North America Market size and forecast, by End-Use Industry
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Base Oil
7.2.5.1.2 Market size and forecast, by Thickener Type
7.2.5.1.3 Market size and forecast, by End-Use Industry
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Base Oil
7.2.5.2.2 Market size and forecast, by Thickener Type
7.2.5.2.3 Market size and forecast, by End-Use Industry
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Base Oil
7.2.5.3.2 Market size and forecast, by Thickener Type
7.2.5.3.3 Market size and forecast, by End-Use Industry
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Base Oil
7.3.3 Europe Market size and forecast, by Thickener Type
7.3.4 Europe Market size and forecast, by End-Use Industry
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Base Oil
7.3.5.1.2 Market size and forecast, by Thickener Type
7.3.5.1.3 Market size and forecast, by End-Use Industry
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Base Oil
7.3.5.2.2 Market size and forecast, by Thickener Type
7.3.5.2.3 Market size and forecast, by End-Use Industry
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Base Oil
7.3.5.3.2 Market size and forecast, by Thickener Type
7.3.5.3.3 Market size and forecast, by End-Use Industry
7.3.5.4 Spain
7.3.5.4.1 Market size and forecast, by Base Oil
7.3.5.4.2 Market size and forecast, by Thickener Type
7.3.5.4.3 Market size and forecast, by End-Use Industry
7.3.5.5 Italy
7.3.5.5.1 Market size and forecast, by Base Oil
7.3.5.5.2 Market size and forecast, by Thickener Type
7.3.5.5.3 Market size and forecast, by End-Use Industry
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Base Oil
7.3.5.6.2 Market size and forecast, by Thickener Type
7.3.5.6.3 Market size and forecast, by End-Use Industry
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Base Oil
7.4.3 Asia-Pacific Market size and forecast, by Thickener Type
7.4.4 Asia-Pacific Market size and forecast, by End-Use Industry
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Base Oil
7.4.5.1.2 Market size and forecast, by Thickener Type
7.4.5.1.3 Market size and forecast, by End-Use Industry
7.4.5.2 India
7.4.5.2.1 Market size and forecast, by Base Oil
7.4.5.2.2 Market size and forecast, by Thickener Type
7.4.5.2.3 Market size and forecast, by End-Use Industry
7.4.5.3 Japan
7.4.5.3.1 Market size and forecast, by Base Oil
7.4.5.3.2 Market size and forecast, by Thickener Type
7.4.5.3.3 Market size and forecast, by End-Use Industry
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Base Oil
7.4.5.4.2 Market size and forecast, by Thickener Type
7.4.5.4.3 Market size and forecast, by End-Use Industry
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Base Oil
7.4.5.5.2 Market size and forecast, by Thickener Type
7.4.5.5.3 Market size and forecast, by End-Use Industry
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Base Oil
7.4.5.6.2 Market size and forecast, by Thickener Type
7.4.5.6.3 Market size and forecast, by End-Use Industry
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Base Oil
7.5.3 LAMEA Market size and forecast, by Thickener Type
7.5.4 LAMEA Market size and forecast, by End-Use Industry
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Base Oil
7.5.5.1.2 Market size and forecast, by Thickener Type
7.5.5.1.3 Market size and forecast, by End-Use Industry
7.5.5.2 South Africa,
7.5.5.2.1 Market size and forecast, by Base Oil
7.5.5.2.2 Market size and forecast, by Thickener Type
7.5.5.2.3 Market size and forecast, by End-Use Industry
7.5.5.3 Saudi Arabia
7.5.5.3.1 Market size and forecast, by Base Oil
7.5.5.3.2 Market size and forecast, by Thickener Type
7.5.5.3.3 Market size and forecast, by End-Use Industry
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Base Oil
7.5.5.4.2 Market size and forecast, by Thickener Type
7.5.5.4.3 Market size and forecast, by End-Use Industry

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Petronas
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Idemitsu Kosan Co. Ltd.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 TOTAL SA
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Exxon Mobil Corporation
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 BP plc
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 FUCHS
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Axel Christiernsson
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Sinopec Corporation
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 The Chevron Corporation
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 ENEOS Holdings Inc
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

List of Tables
Table 1. Global Grease Market, by Base Oil, 2021-2031 ($Million)
Table 2. Global Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 3. Grease Market, for Mineral Oil, by Region, 2021-2031 ($Million)
Table 4. Grease Market, for Mineral Oil, by Region, 2021-2031 (Kiloton)
Table 5. Grease Market for Mineral Oil, by Country, 2021-2031 ($Million)
Table 6. Grease Market for Mineral Oil, by Country, 2021-2031 (Kiloton)
Table 7. Grease Market, for Synthetic Oil, by Region, 2021-2031 ($Million)
Table 8. Grease Market, for Synthetic Oil, by Region, 2021-2031 (Kiloton)
Table 9. Grease Market for Synthetic Oil, by Country, 2021-2031 ($Million)
Table 10. Grease Market for Synthetic Oil, by Country, 2021-2031 (Kiloton)
Table 11. Grease Market, for Bio-based Oil, by Region, 2021-2031 ($Million)
Table 12. Grease Market, for Bio-based Oil, by Region, 2021-2031 (Kiloton)
Table 13. Grease Market for Bio-based Oil, by Country, 2021-2031 ($Million)
Table 14. Grease Market for Bio-based Oil, by Country, 2021-2031 (Kiloton)
Table 15. Global Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 16. Global Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 17. Grease Market, for Metallic Soap, by Region, 2021-2031 ($Million)
Table 18. Grease Market, for Metallic Soap, by Region, 2021-2031 (Kiloton)
Table 19. Grease Market for Metallic Soap, by Country, 2021-2031 ($Million)
Table 20. Grease Market for Metallic Soap, by Country, 2021-2031 (Kiloton)
Table 21. Grease Market, for Non-Soap, by Region, 2021-2031 ($Million)
Table 22. Grease Market, for Non-Soap, by Region, 2021-2031 (Kiloton)
Table 23. Grease Market for Non-Soap, by Country, 2021-2031 ($Million)
Table 24. Grease Market for Non-Soap, by Country, 2021-2031 (Kiloton)
Table 25. Grease Market, for Inorganic, by Region, 2021-2031 ($Million)
Table 26. Grease Market, for Inorganic, by Region, 2021-2031 (Kiloton)
Table 27. Grease Market for Inorganic, by Country, 2021-2031 ($Million)
Table 28. Grease Market for Inorganic, by Country, 2021-2031 (Kiloton)
Table 29. Global Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 30. Global Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 31. Grease Market, for Power Generation, by Region, 2021-2031 ($Million)
Table 32. Grease Market, for Power Generation, by Region, 2021-2031 (Kiloton)
Table 33. Grease Market for Power Generation, by Country, 2021-2031 ($Million)
Table 34. Grease Market for Power Generation, by Country, 2021-2031 (Kiloton)
Table 35. Grease Market, for Automotive, by Region, 2021-2031 ($Million)
Table 36. Grease Market, for Automotive, by Region, 2021-2031 (Kiloton)
Table 37. Grease Market for Automotive, by Country, 2021-2031 ($Million)
Table 38. Grease Market for Automotive, by Country, 2021-2031 (Kiloton)
Table 39. Grease Market, for Heavy Equipment, by Region, 2021-2031 ($Million)
Table 40. Grease Market, for Heavy Equipment, by Region, 2021-2031 (Kiloton)
Table 41. Grease Market for Heavy Equipment, by Country, 2021-2031 ($Million)
Table 42. Grease Market for Heavy Equipment, by Country, 2021-2031 (Kiloton)
Table 43. Grease Market, for Food and Beverage, by Region, 2021-2031 ($Million)
Table 44. Grease Market, for Food and Beverage, by Region, 2021-2031 (Kiloton)
Table 45. Grease Market for Food and Beverage, by Country, 2021-2031 ($Million)
Table 46. Grease Market for Food and Beverage, by Country, 2021-2031 (Kiloton)
Table 47. Grease Market, for Chemical Manufacturing, by Region, 2021-2031 ($Million)
Table 48. Grease Market, for Chemical Manufacturing, by Region, 2021-2031 (Kiloton)
Table 49. Grease Market for Chemical Manufacturing, by Country, 2021-2031 ($Million)
Table 50. Grease Market for Chemical Manufacturing, by Country, 2021-2031 (Kiloton)
Table 51. Grease Market, for Others, by Region, 2021-2031 ($Million)
Table 52. Grease Market, for Others, by Region, 2021-2031 (Kiloton)
Table 53. Grease Market for Others, by Country, 2021-2031 ($Million)
Table 54. Grease Market for Others, by Country, 2021-2031 (Kiloton)
Table 55. Grease Market, by Region, 2021-2031 ($Million)
Table 56. Grease Market, by Region, 2021-2031 (Kiloton)
Table 57. North America Grease Market, by Base Oil, 2021-2031 ($Million)
Table 58. North America Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 59. North America Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 60. North America Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 61. North America Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 62. North America Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 63. North America Grease Market, by Country, 2021-2031 ($Million)
Table 64. North America Grease Market, by Country, 2021-2031 (Kiloton)
Table 65. U.S. Grease Market, by Base Oil, 2021-2031 ($Million)
Table 66. U.S. Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 67. U.S. Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 68. U.S. Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 69. U.S. Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 70. U.S. Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 71. Canada Grease Market, by Base Oil, 2021-2031 ($Million)
Table 72. Canada Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 73. Canada Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 74. Canada Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 75. Canada Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 76. Canada Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 77. Mexico Grease Market, by Base Oil, 2021-2031 ($Million)
Table 78. Mexico Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 79. Mexico Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 80. Mexico Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 81. Mexico Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 82. Mexico Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 83. Europe Grease Market, by Base Oil, 2021-2031 ($Million)
Table 84. Europe Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 85. Europe Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 86. Europe Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 87. Europe Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 88. Europe Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 89. Europe Grease Market, by Country, 2021-2031 ($Million)
Table 90. Europe Grease Market, by Country, 2021-2031 (Kiloton)
Table 91. Germany Grease Market, by Base Oil, 2021-2031 ($Million)
Table 92. Germany Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 93. Germany Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 94. Germany Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 95. Germany Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 96. Germany Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 97. UK Grease Market, by Base Oil, 2021-2031 ($Million)
Table 98. UK Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 99. UK Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 100. UK Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 101. UK Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 102. UK Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 103. France Grease Market, by Base Oil, 2021-2031 ($Million)
Table 104. France Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 105. France Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 106. France Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 107. France Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 108. France Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 109. Spain Grease Market, by Base Oil, 2021-2031 ($Million)
Table 110. Spain Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 111. Spain Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 112. Spain Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 113. Spain Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 114. Spain Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 115. Italy Grease Market, by Base Oil, 2021-2031 ($Million)
Table 116. Italy Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 117. Italy Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 118. Italy Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 119. Italy Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 120. Italy Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 121. Rest of Europe Grease Market, by Base Oil, 2021-2031 ($Million)
Table 122. Rest of Europe Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 123. Rest of Europe Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 124. Rest of Europe Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 125. Rest of Europe Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 126. Rest of Europe Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 127. Asia-Pacific Grease Market, by Base Oil, 2021-2031 ($Million)
Table 128. Asia-Pacific Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 129. Asia-Pacific Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 130. Asia-Pacific Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 131. Asia-Pacific Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 132. Asia-Pacific Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 133. Asia-Pacific Grease Market, by Country, 2021-2031 ($Million)
Table 134. Asia-Pacific Grease Market, by Country, 2021-2031 (Kiloton)
Table 135. China Grease Market, by Base Oil, 2021-2031 ($Million)
Table 136. China Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 137. China Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 138. China Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 139. China Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 140. China Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 141. India Grease Market, by Base Oil, 2021-2031 ($Million)
Table 142. India Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 143. India Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 144. India Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 145. India Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 146. India Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 147. Japan Grease Market, by Base Oil, 2021-2031 ($Million)
Table 148. Japan Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 149. Japan Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 150. Japan Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 151. Japan Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 152. Japan Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 153. South Korea Grease Market, by Base Oil, 2021-2031 ($Million)
Table 154. South Korea Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 155. South Korea Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 156. South Korea Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 157. South Korea Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 158. South Korea Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 159. Australia Grease Market, by Base Oil, 2021-2031 ($Million)
Table 160. Australia Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 161. Australia Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 162. Australia Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 163. Australia Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 164. Australia Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 165. Rest of Asia-Pacific Grease Market, by Base Oil, 2021-2031 ($Million)
Table 166. Rest of Asia-Pacific Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 167. Rest of Asia-Pacific Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 168. Rest of Asia-Pacific Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 169. Rest of Asia-Pacific Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 170. Rest of Asia-Pacific Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 171. LAMEA Grease Market, by Base Oil, 2021-2031 ($Million)
Table 172. LAMEA Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 173. LAMEA Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 174. LAMEA Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 175. LAMEA Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 176. LAMEA Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 177. LAMEA Grease Market, by Country, 2021-2031 ($Million)
Table 178. LAMEA Grease Market, by Country, 2021-2031 (Kiloton)
Table 179. Brazil Grease Market, by Base Oil, 2021-2031 ($Million)
Table 180. Brazil Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 181. Brazil Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 182. Brazil Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 183. Brazil Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 184. Brazil Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 185. South Africa, Grease Market, by Base Oil, 2021-2031 ($Million)
Table 186. South Africa, Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 187. South Africa, Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 188. South Africa, Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 189. South Africa, Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 190. South Africa, Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 191. Saudi Arabia Grease Market, by Base Oil, 2021-2031 ($Million)
Table 192. Saudi Arabia Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 193. Saudi Arabia Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 194. Saudi Arabia Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 195. Saudi Arabia Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 196. Saudi Arabia Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 197. Rest of LAMEA Grease Market, by Base Oil, 2021-2031 ($Million)
Table 198. Rest of LAMEA Grease Market, by Base Oil, 2021-2031 (Kiloton)
Table 199. Rest of LAMEA Grease Market, by Thickener Type, 2021-2031 ($Million)
Table 200. Rest of LAMEA Grease Market, by Thickener Type, 2021-2031 (Kiloton)
Table 201. Rest of LAMEA Grease Market, by End-use Industry, 2021-2031 ($Million)
Table 202. Rest of LAMEA Grease Market, by End-use Industry, 2021-2031 (Kiloton)
Table 203. Petronas: Company Snapshot
Table 204. Petronas: Operating Segments
Table 205. Petronas: Product Portfolio
Table 206. Petronas: Net Sales
Table 207. Petronas: Key Strategies
Table 208. Idemitsu Kosan Co. Ltd.: Company Snapshot
Table 209. Idemitsu Kosan Co. Ltd.: Operating Segments
Table 210. Idemitsu Kosan Co. Ltd.: Product Portfolio
Table 211. Idemitsu Kosan Co. Ltd.: Net Sales
Table 212. Idemitsu Kosan Co. Ltd.: Key Strategies
Table 213. Total SA: Company Snapshot
Table 214. Total SA: Operating Segments
Table 215. Total SA: Product Portfolio
Table 216. Total SA: Net Sales
Table 217. Total SA: Key Strategies
Table 218. Exxon Mobil Corporation: Company Snapshot
Table 219. Exxon Mobil Corporation: Operating Segments
Table 220. Exxon Mobil Corporation: Product Portfolio
Table 221. Exxon Mobil Corporation: Net Sales
Table 222. Exxon Mobil Corporation: Key Strategies
Table 223. Bp PLC: Company Snapshot
Table 224. Bp PLC: Operating Segments
Table 225. Bp PLC: Product Portfolio
Table 226. Bp PLC: Net Sales
Table 227. Bp PLC: Key Strategies
Table 228. Fuchs: Company Snapshot
Table 229. Fuchs: Operating Segments
Table 230. Fuchs: Product Portfolio
Table 231. Fuchs: Net Sales
Table 232. Fuchs: Key Strategies
Table 233. Axel Christiernsson: Company Snapshot
Table 234. Axel Christiernsson: Operating Segments
Table 235. Axel Christiernsson: Product Portfolio
Table 236. Axel Christiernsson: Net Sales
Table 237. Axel Christiernsson: Key Strategies
Table 238. Sinopec Corporation: Company Snapshot
Table 239. Sinopec Corporation: Operating Segments
Table 240. Sinopec Corporation: Product Portfolio
Table 241. Sinopec Corporation: Net Sales
Table 242. Sinopec Corporation: Key Strategies
Table 243. the Chevron Corporation: Company Snapshot
Table 244. the Chevron Corporation: Operating Segments
Table 245. the Chevron Corporation: Product Portfolio
Table 246. the Chevron Corporation: Net Sales
Table 247. the Chevron Corporation: Key Strategies
Table 248. Eneos Holdings Inc.: Company Snapshot
Table 249. Eneos Holdings Inc.: Operating Segments
Table 250. Eneos Holdings Inc.: Product Portfolio
Table 251. Eneos Holdings Inc.: Net Sales
Table 252. Eneos Holdings Inc.: Key Strategies

List of Figures
Figure 1. Grease Market Segmentation
Figure 2. Grease Market, 2021-2031
Figure 3. Grease Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Grease Mark.:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Regulatory Guidelines
Figure 14. Patent Analysis by Company
Figure 15. Patent Analysis by Country
Figure 16. Grease Market, By Base Oil, 2021(%)
Figure 17. Comparative Share Analysis of Mineral Oil Grease Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Synthetic Oil Grease Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Bio-Based Oil Grease Market, 2021-2031(%)
Figure 20. Grease Market, By Thickener Type, 2021(%)
Figure 21. Comparative Share Analysis of Metallic Soap Grease Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Non-Soap Grease Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Inorganic Grease Market, 2021-2031(%)
Figure 24. Grease Market, By End-Use Industry, 2021(%)
Figure 25. Comparative Share Analysis of Power Generation Grease Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Automotive Grease Market, 2021-2031(%)
Figure 27. Comparative Share Analysis of Heavy Equipment Grease Market, 2021-2031(%)
Figure 28. Comparative Share Analysis of Food and Beverage Grease Market, 2021-2031(%)
Figure 29. Comparative Share Analysis of Chemical Manufacturing Grease Market, 2021-2031(%)
Figure 30. Comparative Share Analysis of Others Grease Market, 2021-2031(%)
Figure 31. Grease Market by Region, 2021
Figure 32. U.S. Grease Market, 2021-2031($Million)
Figure 33. Canada Grease Market, 2021-2031($Million)
Figure 34. Mexico Grease Market, 2021-2031($Million)
Figure 35. Germany Grease Market, 2021-2031($Million)
Figure 36. Uk Grease Market, 2021-2031($Million)
Figure 37. France Grease Market, 2021-2031($Million)
Figure 38. Spain Grease Market, 2021-2031($Million)
Figure 39. Italy Grease Market, 2021-2031($Million)
Figure 40. Rest of Europe Grease Market, 2021-2031($Million)
Figure 41. China Grease Market, 2021-2031($Million)
Figure 42. India Grease Market, 2021-2031($Million)
Figure 43. Japan Grease Market, 2021-2031($Million)
Figure 44. South Korea Grease Market, 2021-2031($Million)
Figure 45. Australia Grease Market, 2021-2031($Million)
Figure 46. Rest of Asia-Pacific Grease Market, 2021-2031($Million)
Figure 47. Brazil Grease Market, 2021-2031($Million)
Figure 48. South Africa, Grease Market, 2021-2031($Million)
Figure 49. Saudi Arabia Grease Market, 2021-2031($Million)
Figure 50. Rest of LAMEA Grease Market, 2021-2031($Million)
Figure 51. Top Winning Strategies, by Year
Figure 52. Top Winning Strategies, by Development
Figure 53. Top Winning Strategies, by Company
Figure 54. Product Mapping of Top 10 Players
Figure 55. Competitive Dashboard
Figure 56. Competitive Heatmap of Top 10 Key Players
Figure 57. Petrona.: Net Sales, ($Million)
Figure 58. Idemitsu Kosan Co. Ltd.: Net Sales, ($Million)
Figure 59. Total S.: Net Sales, ($Million)
Figure 60. Exxon Mobil Corporatio.: Net Sales, ($Million)
Figure 61. Bp pl.: Net Sales, ($Million)
Figure 62. Fuch.: Net Sales, ($Million)
Figure 63. Axel Christiernsso.: Net Sales, ($Million)
Figure 64. Sinopec Corporatio.: Net Sales, ($Million)
Figure 65. The Chevron Corporatio.: Net Sales, ($Million)
Figure 66. Eneos Holdings In.: Net Sales, ($Million)

Executive Summary

According to the report, “Grease Market," the grease market size was valued at $4.2 billion in 2021, and is estimated to reach $5.7 billion by 2031, growing at a CAGR of 3.2% from 2022 to 2031.

Grease is a kind of liquid lubricant made of thickener, additives, and oil. It is the sealant used to turn away the access of water and incompressible materials. Grease offers a number of beneficial qualities, such as lubrication to the surface during movement under gravity, pressure, and centrifugal force. It makes it easier to reduce noise pollution and energy use, avoid contamination and wear and tear loss, and increase efficiency. It is widely used in many different industries, including construction, railways, automotive, oil, gas, and mining.

Grease is used to lubricate a wide variety of machinery to reduce wear over long periods of operation. It is made by combining base oils, thickeners and additives. Grease is used in the manufacturing industry to keep machines running smoothly. The automotive industry, which extensively uses industrial grease in vehicle manufacturing and maintenance, is the largest segment of the grease market. Grease is used in a wide range of applications and is indispensable for machinery due to its water resistance. It has the ability to contact and lubricate moving surfaces without leakage due to gravity, and centrifugal force.

A major factor contributing toward the growth of the grease market is the rapid growth of the automotive and other industrial sectors. In addition, technological developments in grease quality and increase in demand for metal soap thickeners are other factors driving the grease market growth. However, exchange rate volatility, availability of alternative products, and the introduction of stringent environmental regulations are some of the factors limiting the market growth trend. On the basis of base oil, the mineral oil segment accounted 89.1% revenue market share of the global grease market in 2021, and is expected to maintain its dominance during the forecast period.

One of the main advantages of mineral oils is that they are soluble with a wide range of additives which can help improve the overall performance of grease. Mineral oils are compatible with many grease thickener systems. Also, the cost of mineral oil is low compared to synthetic oil. On the basis of thickener type, the metallic soap segment dominated the global grease market in terms of revenue, in 2021, owing to increase in urbanization in emerging countries.

On the basis of end-use industry, the automotive segment dominated the global grease market in terms of revenue, in 2021, owing to increase in urbanization in emerging countries. Passenger and commercial vehicles drive the demand for high-performance grease in the automobile sector. Grease is widely utilized in the automobile sector for a variety of vehicle parts, including wheel bearings, springs, universal joints, axles, cables, and switches, due to its excellent heat sensitivity, structural strength, antioxidants, and water resistance.

On the basis of region, Asia-Pacific accounted for the largest share of the global grease market during the forecast period. Europe is predicted to have a notable market share in grease during the forecast period. This is due to the country’s growing need for grease from the pharmaceutical and nutraceutical industries.The major players operating in the grease industry include Axel Christiernsson, ENEOS Holdings, Inc., Exxon Mobil Corporation, FUCHS, Idemitsu Kosan Co., Ltd., Petroliam Nasional Berhad (PETRONAS), PKN ORLEN, Sinopec Corporation, The Chevron Corporation, TOTAL energies. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their grease market shares.

Key Findings of the Study

  • By base oil, the synthetic oil segment is projected to grow at the highest CAGR of approximately 3.7%, in terms of revenue, during the forecast period.
  • By thickener type, the non-soap segment is expected to dominate the market during the forecast period.
  • By end-use industry, the power generation system segment is projected to grow at the highest CAGR of approximately 4.3%, in terms of revenue, during the forecast period.

Impact of COVID-19 outbreak on the market

The automotive industry's demand for grease greatly impacts the grease market. During the projection period, the expansion of the OEM and RMO sectors in the automotive sector is anticipated to directly affect the need for greases.

The International Organization of Motor Vehicle Manufacturers (OICA) estimates that 80.15 million vehicles were produced in 2021, a 3% increase over 2020. In 2021, the main hub for car manufacturing Asia-Pacific witnessed a general increase of around 6%.

In 2021, China produced the most automobiles with 26 million units, an increase of 3% over the previous year. On the other side, the Indian car industry had tremendous growth, with 4.4 million automobiles produced in 2021, a 30% increase from 2020.

Production of electric vehicles has increased significantly as a result of the expanding use of batteries in the automotive industry. Norway's fleet had the highest percentage of electric vehicles as of 2021. Therefore, the consumption of grease is projected to increase over the projection period due to all of the aforementioned factors.

Companies Mentioned

  • Petronas
  • Idemitsu Kosan Co. Ltd.
  • TOTAL SA
  • Exxon Mobil Corporation
  • BP plc
  • FUCHS
  • Axel Christiernsson
  • Sinopec Corporation
  • The Chevron Corporation
  • ENEOS Holdings Inc

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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