The global grease market size reached USD 3.9 Billion in 2024. Looking forward, the market is projected to reach USD 5.0 Billion by 2033, exhibiting a growth rate (CAGR) of 2.8% during 2025-2033. There are several factors that are driving the market, which include the rising focus on introducing high-quality products, increasing production of two-, three-, and four-wheelers due to rapid urbanization, and integration of advanced technologies for enhanced performance.
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.
2. What is the expected growth rate of the global grease market during 2025-2033?
3. What are the key factors driving the global grease market?
4. What has been the impact of COVID-19 on the global grease market?
5. What is the breakup of the global grease market based on the thickener type?
6. What is the breakup of the global grease market based on the base oil?
7. What is the breakup of the global grease market based on the end user?
8. What are the key regions in the global grease market?
9. Who are the key players/companies in the global grease market?
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.Market Segmentation:
This report provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. The report categorizes 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
1. How big is the global grease market?2. What is the expected growth rate of the global grease market during 2025-2033?
3. What are the key factors driving the global grease market?
4. What has been the impact of COVID-19 on the global grease market?
5. What is the breakup of the global grease market based on the thickener type?
6. What is the breakup of the global grease market based on the base oil?
7. What is the breakup of the global grease market based on the end user?
8. What are the key regions in the global grease market?
9. Who are the key players/companies in the global grease market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Grease Market
6 Market Breakup by Thickener Type
7 Market Breakup by Base Oil
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | May 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 3.9 Billion |
| Forecasted Market Value ( USD | $ 5 Billion |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
