Grease Market - Trends Forecast Till 2028

Grease Market by Base Oil (Mineral, Synthetic, Bio-Based), Thickener Type (Metallic Soap, Non-Soap, Inorganic), End-Use Industry (Automotive, Construction, General Manufacturing, Metal, Mining, Food & Beverage, Power), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2022

Base Year Estimate: 2021

Report ID: D-CM-GM-1086

Format:  

Number of Pages: 395

Domain: Chemicals & Materials

Grease Market – Trends Forecast Till 2028

The Grease market size is projected to reach a CAGR of 3% from 2022 to 2028.

Grease is a lubricant which is usually solid or semisolid in nature. It is manufactured by the dispersion of thickening agent into a lubricating fluid. The general composition of Grease is the emulsified soap with mineral oil.

Due to the raised automation of various industries along with the improvised quality of the grease are some of the factors that have supported long-term expansion for Grease Market.

COVID-19 had a negative effect on the market as the manufacturing and the supply of Grease along with its end user industry demand has witnessed a significant decline. As a result, a drop was witnessed in the growth trend of the market during the first half of 2020.

Grease Market Research Report

APAC is the most rapidly growing market and offers a huge opportunity for the industry, and its growth is driven by the increased demand from the pharmaceutical and nutraceutical segments.

Grease Measurement Systems Market is segmented into Thickener Type, Base Oil, End-use Industry and region.

On the basis of Thicker Type

  • Metallic Soap Thickener
    • Lithium
    • Calcium
    • Sodium
    • Aluminum
    • Others
  • Non-soap Thickener
  • Inorganic
    • Clay
    • Silica
  • Others                                                   

On the basis of Industry

  • Mineral oil
  • Synthetic oil
  • Bio-based oil

On the basis of End-User

  • Automotive
  • Construction
  • General Manufacturing
  • Mining
  • Metal production
  • Power generation
  • Food & Beverage
  • Others

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Grease Market Primary Respondent

 

Key Players

  • Belray Company LLC
  • Texaco Inc
  • Exxon Mobil Corporation
  • Whitmore Manufacturing Company
  • Axel Christiernsson International AB
  • Dow Corning Corporation
  • Sinopec Lubricant Company
  • Royal Dutch Shell plc

Recent Developments

  • In March 2020, lubricant plant of Royal Dutch Shelll PLC in Java was made to double it’s capacity of production.
  • In February 2020, Petronas came up with an all new range named as Petronas Arbor which is special designed for machine used for agriculture and construction purposes.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Grease Measurement Systems Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 3% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

Thickener type, base oil, end-use industry and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Royal Dutch Shell PLC, Chevron Corporation, Idemitsu Kosan Co., Ltd., Sinopec Corporation, Total S.A., Fuchs Petrolub SE, Exxonmobil Corporation, Petroliam Nasional Berhad (Petronas), BP PLC, The DOW Chemical Company, JX Nippon Oil & Energy Corporation

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