Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Industrial Greases Market by Type (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil, Bio-Based), By Application (Automotive, Mining, Construction, Heavy Industries, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Industrial Greases Market by Type (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil, Bio-Based), By Application (Automotive, Mining, Construction, Heavy Industries, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 135623 3300 Chemical & Material 377 243 Pages 4.8 (46)

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.

Global Industrial Greases Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Exxon Mobil
  2. Shell
  3. Castrol
  4. Dow
  5. Chevron
  6. Total
  7. Fuchs
  8. Sinopec Lubricant
  9. AXEL Christiernsson
  10. Whitmore
  11. Texaco
  12. Belray

Global Industrial Greases Market Overview

Highlights of The Industrial Greases Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Mineral Oil
    2. Synthetic Oil
    3. Semi-Synthetic Oil
    4. Bio-Based
  1. By Application:

    1. Automotive
    2. Mining
    3. Construction
    4. Heavy Industries
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Industrial Greases Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. Shell Overview Financials Developments Strategic Outlook
      14.4.3. Castrol Overview Financials Developments Strategic Outlook
      14.4.4. Dow Overview Financials Developments Strategic Outlook
      14.4.5. Chevron Overview Financials Developments Strategic Outlook
      14.4.6. Total Overview Financials Developments Strategic Outlook
      14.4.7. Fuchs Overview Financials Developments Strategic Outlook
      14.4.8. Sinopec Lubricant Overview Financials Developments Strategic Outlook
      14.4.9. AXEL Christiernsson Overview Financials Developments Strategic Outlook
      14.4.10. Whitmore Overview Financials Developments Strategic Outlook
      14.4.11. Texaco Overview Financials Developments Strategic Outlook
      14.4.12. Belray Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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