Market Overview:
The global industrial greases market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial greases from various end-use industries, such as automotive, mining, construction, and heavy industries. In addition, the growing awareness about the benefits of using industrial greases is also contributing to the growth of this market. Based on type, the global industrial greases market can be segmented into mineral oil-based grease, synthetic oil-based grease, semi-synthetic oil-based grease and bio-based grease. Of these segments, mineral oil based Grease held a major share in 2017 and is expected to continue its dominance during the forecast period as well.
Product Definition:
A lubricant used to reduce friction and wear between two surfaces. Industrial greases are typically thixotropic, meaning that they are viscous until a shearing force is applied (e.g., when the surfaces move relative to each other), at which point they flow more easily.
Mineral Oil:
Mineral oil is a colorless, tasteless liquid that is widely used in industrial applications. It consists of paraffin, soybean, and polyolefin among other components.
Synthetic Oil:
Synthetic oil is also known as lab created or artificial oil. It is a man-made product that has the same chemical properties as crude oil but with much lower viscosity. Synthetic oils are used in various applications such as diesel engine oils, motor vehicle oils, industrial greases and lubricants among others.
Application Insights:
The automotive segment accounted for more than 35.0% of the global revenue in 2017 and is expected to witness significant growth over the forecast period. The product demand in this application is largely driven by its use in lubrication and greasing applications on a wide range of industrial machinery used in automotive production, such as metal working machines, assembly lines, robotics equipment, etc. Furthermore, increasing penetration of electric vehicles across major economies coupled with rising concerns regarding climate change will drive industry expansion over the coming years.
Automotive was followed by construction as the second-largest segment owing to growing infrastructure spending globally and increasing focus on green buildings coupled with energy conservation efforts being taken up across various regions including North America and Europe Pacific regionally will have a positive impact on industry growth over the next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, which makes it a potential customer base for industrial greases. China, India, Japan and South Korea are some of the largest countries with significant demand from various application industries owing to their large population as well as rising living standards.
The Asia Pacific construction industry is also one of the fastest-growing sectors due to rapid urbanization in emerging economies such as China and India along with increasing infrastructure activities across these countries. This has led to an increased demand for industrial oils in this region over the past few years on account of growing automotive production mainly in China and Indonesia coupled with strong growth prospects for other applications such as machinery manufacturing, metal processing etc., which will fuel market growth during the forecast period.
Growth Factors:
- Increasing demand from the automotive and transportation industry for high-performance industrial greases.
- Growing investments in the construction sector, which is expected to drive the demand for industrial greases in the near future.
- Rising awareness about the benefits of using industrial greases among end users across various industries.
- Technological advancements in manufacturing processes that are resulting in increased use of industrial greases across various industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Greases Market Research Report
By Type
Mineral Oil, Synthetic Oil, Semi-Synthetic Oil, Bio-Based
By Application
Automotive, Mining, Construction, Heavy Industries, Others
By Companies
Exxon Mobil, Shell, Castrol, Dow, Chevron, Total, Fuchs, Sinopec Lubricant, AXEL Christiernsson, Whitmore, Texaco, Belray
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Greases Market Report Segments:
The global Industrial Greases market is segmented on the basis of:
Types
Mineral Oil, Synthetic Oil, Semi-Synthetic Oil, Bio-Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Mining, Construction, Heavy Industries, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Exxon Mobil
- Shell
- Castrol
- Dow
- Chevron
- Total
- Fuchs
- Sinopec Lubricant
- AXEL Christiernsson
- Whitmore
- Texaco
- Belray
Highlights of The Industrial Greases Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mineral Oil
- Synthetic Oil
- Semi-Synthetic Oil
- Bio-Based
- By Application:
- Automotive
- Mining
- Construction
- Heavy Industries
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Greases Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial greases are a type of lubricant that is used in industrial applications. They are made from petroleum or other types of oils and they are used to help machines move more easily.
Some of the major players in the industrial greases market are Exxon Mobil, Shell, Castrol, Dow, Chevron, Total, Fuchs, Sinopec Lubricant, AXEL Christiernsson, Whitmore, Texaco, Belray.
The industrial greases market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Greases Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Greases Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Greases Market - Supply Chain
4.5. Global Industrial Greases Market Forecast
4.5.1. Industrial Greases Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Greases Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Greases Market Absolute $ Opportunity
5. Global Industrial Greases Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Greases Market Size and Volume Forecast by Type
5.3.1. Mineral Oil
5.3.2. Synthetic Oil
5.3.3. Semi-Synthetic Oil
5.3.4. Bio-Based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Greases Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Greases Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Mining
6.3.3. Construction
6.3.4. Heavy Industries
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Greases Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Greases Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Greases Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Greases Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Greases Demand Share Forecast, 2019-2029
9. North America Industrial Greases Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Greases Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Greases Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Mining
9.4.3. Construction
9.4.4. Heavy Industries
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Greases Market Size and Volume Forecast by Type
9.7.1. Mineral Oil
9.7.2. Synthetic Oil
9.7.3. Semi-Synthetic Oil
9.7.4. Bio-Based
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Greases Demand Share Forecast, 2019-2029
10. Latin America Industrial Greases Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Greases Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Greases Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Mining
10.4.3. Construction
10.4.4. Heavy Industries
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Greases Market Size and Volume Forecast by Type
10.7.1. Mineral Oil
10.7.2. Synthetic Oil
10.7.3. Semi-Synthetic Oil
10.7.4. Bio-Based
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Greases Demand Share Forecast, 2019-2029
11. Europe Industrial Greases Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Greases Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Greases Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Mining
11.4.3. Construction
11.4.4. Heavy Industries
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Greases Market Size and Volume Forecast by Type
11.7.1. Mineral Oil
11.7.2. Synthetic Oil
11.7.3. Semi-Synthetic Oil
11.7.4. Bio-Based
1.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Greases Demand Share, 2019-2029
12. Asia Pacific Industrial Greases Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Greases Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Greases Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Mining
12.4.3. Construction
12.4.4. Heavy Industries
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Greases Market Size and Volume Forecast by Type
12.7.1. Mineral Oil
12.7.2. Synthetic Oil
12.7.3. Semi-Synthetic Oil
12.7.4. Bio-Based
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Greases Demand Share, 2019-2029
13. Middle East & Africa Industrial Greases Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Greases Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Greases Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Mining
13.4.3. Construction
13.4.4. Heavy Industries
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Greases Market Size and Volume Forecast by Type
13.7.1. Mineral Oil
13.7.2. Synthetic Oil
13.7.3. Semi-Synthetic Oil
13.7.4. Bio-Based
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Greases Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Industrial Greases Market: Market Share Analysis
14.2. Industrial Greases Distributors and Customers
14.3. Industrial Greases Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Exxon Mobil
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Castrol
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dow
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Chevron
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Total
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fuchs
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sinopec Lubricant
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AXEL Christiernsson
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Whitmore
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Texaco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Belray
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook