Market Overview:
The global lubricating grease market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lubricating grease in various applications, such as automotive, agriculture/off-highway manufacturing, general manufacturing, steel, mining and others. In terms of type, the mineral oil-based grease segment is expected to dominate the global lubricating grease market during the forecast period. However, synthetic and semisynthetic oil-based greases are projected to witness higher growth rates during the forecast period owing to their superior properties as compared with mineral oil-based greases.
Product Definition:
Lubricating grease is a viscous, thixotropic fluid that is used to lubricate rotating or sliding surfaces. The primary purpose of lubricating grease is to reduce friction and wear between two contacting surfaces.
Mineral Oil-based Grease:
Mineral oil-based grease is a type of lubricating grease that contains mineral oils as the major raw material. It is used in various applications such as industrial engines, automotive, construction equipment and machinery among others. The growth factor for this market has been the increasing demand from end-use industries including automotive & transportation and food processing among others.
The global lubricating greases market was worth USD 7 billion in 2015.
Synthetic and Semisynthetic Oil-based Grease:
Synthetic and Semisynthetic Oil-based Grease (OSO/SSO) is a product that is used as an external lubricant to enhance the operational efficiency of machinery. It has properties such as high viscosity, thermal stability, and anti-corrosive characteristics which make it suitable for use in various applications.
The global Lubricating Grease market size was valued at USD 3.5 billion in 2016.
Application Insights:
The automotive segment accounted for more than 40.0% share of the global revenue in 2017 and is expected to witness significant growth over the forecast period. The lubricating grease, when applied at appropriate levels, helps in reducing friction between moving parts thereby making it possible for vehicles to travel at a higher speed with lesser energy consumption.
Automotive applications include engine oil and transmission fluids among others as they play a vital role in maintaining optimum performance of various components such as engine, drive shafts and gears along with vehicle suspension system. In addition, they are also used on various other components including brake systems; power steering; fuel injection pumps & carburetors; air intake & exhaust manifolds among others which make them perform better while enhancing durability over the long term.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The presence of major automotive manufacturers, coupled with increasing production capacities, has resulted in high product demand across this region. Furthermore, rapid industrialization and growing population have fueled the demand from various end-use industries such as food processing and packaging, textile machinery manufacturing, construction equipment manufacturing among others.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in terms of volume consumed globally in 2017 owing to rising automotive production levels across this region on account of increasing R&D activities related to fuel efficiency along with stringent government regulations aimed at reducing carbon emissions from vehicles.
Growth Factors:
- Increasing demand from the automotive and transportation industry as a result of the growth of the global automotive market.
- Rising demand for lubricating grease in industrial applications, owing to its properties such as high thermal stability and resistance to oxidation.
- Growing awareness about the benefits of using lubricating grease, which is resulting in an increase in its adoption across various industries.
- Technological advancements that are resulting in the development of new and improved formulations of lubricating grease, thereby widening its application scope.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lubricating Grease Market Research Report
By Type
Mineral Oil-based Grease, Synthetic and Semisynthetic Oil-based Grease, Environment-friendly Grease
By Application
Automotive, Agriculture/Off-highway Manufacturing, General Manufacturing, Steel, Mining, Others
By Companies
Shell, Exxon Mobil, BP, Total Lubricants, Axel Christiernsson, Chevron, FUCHS, LUKOIL, SKF, JX Nippon Oil & Energy Corporation, Petro-Canada, Indian Oil Corporation, Quaker Chemical, Southwestern Petroleum Corporation, Klüber, Dow Corning, AP Oil, Sinopec, CNPC, CNOOC, GS
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 Lubricating Grease Market Report Segments:
The global Lubricating Grease market is segmented on the basis of:
Types
Mineral Oil-based Grease, Synthetic and Semisynthetic Oil-based Grease, Environment-friendly Grease
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, Agriculture/Off-highway Manufacturing, General Manufacturing, Steel, Mining, 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:
- Shell
- Exxon Mobil
- BP
- Total Lubricants
- Axel Christiernsson
- Chevron
- FUCHS
- LUKOIL
- SKF
- JX Nippon Oil & Energy Corporation
- Petro-Canada
- Indian Oil Corporation
- Quaker Chemical
- Southwestern Petroleum Corporation
- Klüber
- Dow Corning
- AP Oil
- Sinopec
- CNPC
- CNOOC
- GS
Highlights of The Lubricating Grease 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-based Grease
- Synthetic and Semisynthetic Oil-based Grease
- Environment-friendly Grease
- By Application:
- Automotive
- Agriculture/Off-highway Manufacturing
- General Manufacturing
- Steel
- Mining
- 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 Lubricating Grease 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.
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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?
Lubricating grease is a type of oil that is used to reduce friction and improve the performance of moving parts. It can be used in a variety of applications, including engines, transmissions, and other mechanical systems.
Some of the major players in the lubricating grease market are Shell, Exxon Mobil, BP, Total Lubricants, Axel Christiernsson, Chevron, FUCHS, LUKOIL, SKF, JX Nippon Oil & Energy Corporation, Petro-Canada, Indian Oil Corporation, Quaker Chemical, Southwestern Petroleum Corporation, KlƒÂ¼ber, Dow Corning, AP Oil, Sinopec, CNPC, CNOOC, GS.
The lubricating grease 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. Lubricating Grease 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. Lubricating Grease Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lubricating Grease Market - Supply Chain
4.5. Global Lubricating Grease Market Forecast
4.5.1. Lubricating Grease Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lubricating Grease Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lubricating Grease Market Absolute $ Opportunity
5. Global Lubricating Grease 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. Lubricating Grease Market Size and Volume Forecast by Type
5.3.1. Mineral Oil-based Grease
5.3.2. Synthetic and Semisynthetic Oil-based Grease
5.3.3. Environment-friendly Grease
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lubricating Grease 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. Lubricating Grease Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Agriculture/Off-highway Manufacturing
6.3.3. General Manufacturing
6.3.4. Steel
6.3.5. Mining
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lubricating Grease 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. Lubricating Grease 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 Lubricating Grease 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. Lubricating Grease 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 Lubricating Grease Demand Share Forecast, 2019-2029
9. North America Lubricating Grease 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 Lubricating Grease 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 Lubricating Grease Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Agriculture/Off-highway Manufacturing
9.4.3. General Manufacturing
9.4.4. Steel
9.4.5. Mining
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lubricating Grease Market Size and Volume Forecast by Type
9.7.1. Mineral Oil-based Grease
9.7.2. Synthetic and Semisynthetic Oil-based Grease
9.7.3. Environment-friendly Grease
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 Lubricating Grease Demand Share Forecast, 2019-2029
10. Latin America Lubricating Grease 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 Lubricating Grease 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 Lubricating Grease Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Agriculture/Off-highway Manufacturing
10.4.3. General Manufacturing
10.4.4. Steel
10.4.5. Mining
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lubricating Grease Market Size and Volume Forecast by Type
10.7.1. Mineral Oil-based Grease
10.7.2. Synthetic and Semisynthetic Oil-based Grease
10.7.3. Environment-friendly Grease
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 Lubricating Grease Demand Share Forecast, 2019-2029
11. Europe Lubricating Grease 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 Lubricating Grease 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 Lubricating Grease Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Agriculture/Off-highway Manufacturing
11.4.3. General Manufacturing
11.4.4. Steel
11.4.5. Mining
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lubricating Grease Market Size and Volume Forecast by Type
11.7.1. Mineral Oil-based Grease
11.7.2. Synthetic and Semisynthetic Oil-based Grease
11.7.3. Environment-friendly Grease
11.8. 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 Lubricating Grease Demand Share, 2019-2029
12. Asia Pacific Lubricating Grease 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 Lubricating Grease 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 Lubricating Grease Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Agriculture/Off-highway Manufacturing
12.4.3. General Manufacturing
12.4.4. Steel
12.4.5. Mining
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lubricating Grease Market Size and Volume Forecast by Type
12.7.1. Mineral Oil-based Grease
12.7.2. Synthetic and Semisynthetic Oil-based Grease
12.7.3. Environment-friendly Grease
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 Lubricating Grease Demand Share, 2019-2029
13. Middle East & Africa Lubricating Grease 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 Lubricating Grease 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 Lubricating Grease Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Agriculture/Off-highway Manufacturing
13.4.3. General Manufacturing
13.4.4. Steel
13.4.5. Mining
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lubricating Grease Market Size and Volume Forecast by Type
13.7.1. Mineral Oil-based Grease
13.7.2. Synthetic and Semisynthetic Oil-based Grease
13.7.3. Environment-friendly Grease
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 Lubricating Grease Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Lubricating Grease Market: Market Share Analysis
14.2. Lubricating Grease Distributors and Customers
14.3. Lubricating Grease Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exxon Mobil
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Total Lubricants
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Axel Christiernsson
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chevron
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. LUKOIL
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SKF
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. JX Nippon Oil & Energy Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Petro-Canada
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Indian Oil Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Quaker Chemical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Southwestern Petroleum Corporation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Klüber
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Dow Corning
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. AP Oil
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Sinopec
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CNPC
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. CNOOC
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
