Global Grease Market Outlook to 2027
Grease is applied to mechanisms that can be lubricated only infrequently and where a lubricating oil would not stay in position. They also act as sealants to prevent the ingress of water and incompressible materials. According to BlueQuark Research & Consulting, the global grease market is expected to witness a moderate growth rate during the forecast period. Factors such as growing demand from the automotive industry on account of increase in the production & sales of passenger & commercial vehicles from the major economies like China, United States, etc., and increasing demand for metallic soap thickeners from the industrial activities along with theincreasing use of grease in the production of ships and growing repair and maintenance activities are expected to increase the demand for grease and during the forecasted period. However, the development of self-lubricating equipment replacing grease is likely to restrain the market growth during the forecast period.
Asia-Pacific is expected to be the major market for grease consumption, followed by North America and Europe. Asia-Pacific has registered robust growth in automotive production and sales, with countries such as China, India, Indonesia, and Malaysia exhibiting constant growth rates in the recent past. Moreover, other end-user industries, such as construction and manufacturing, are growing, with increasing investments in Asia-Pacific countries, which is contributing to the growth of the lubricant consumption as a whole and grease, in the region. Thus, Asia-Pacific is likely to propel the demand for the studied market during the forecast.
The automotive sector is likely to dominate the market during the forecast period. In the automotive segment, grease is utilized in different vehicle parts, for example, wheel direction, widespread joints, suspensions, apparatuses, switches, and connectors, in light of their properties (which incorporate mechanical security, temperature resilience, water obstruction, and enemies of oxidants). The requirement for superior grease is expanding, with the production of machines and hardware for end-client enterprises. Henceforth, with the expanding two and four wheelers and deals combined with minimal developments in aviation, marine, and railroad areas, the interest in grease from automotive and other transportation sections is extended to increment during the conjecture time frame.
In the year 2019, the global grease market was found to be fragmented during the forecast period. Some of the key players of the market are ExxonMobil Corporation, Royal Dutch Shell PLC, Total SA, Chevron Corporation, BP PLC, and Valvoline LLC.
In June 2019, Schaeffler India had announced the launch of its new high-performance, multipurpose premium grease, XTRA3. This grease is specially developed and designed to increase the service life of bearings operating in harsh and demanding work environments.
GlobalGrease Marketreport provides deep insight into the current and future state of the grease market across various regions. The study comprehensively analyzes the Grease market by segmenting based on geography, by thickener type (Metallic-Soap Thickener and Others), by end-use industry (Construction , Manufacturing, Mining & Steel, Automotive, and Others). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies including their market shares and projects.
Asia-Pacific is expected to be the major market for grease consumption, followed by North America and Europe. Asia-Pacific has registered robust growth in automotive production and sales, with countries such as China, India, Indonesia, and Malaysia exhibiting constant growth rates in the recent past. Moreover, other end-user industries, such as construction and manufacturing, are growing, with increasing investments in Asia-Pacific countries, which is contributing to the growth of the lubricant consumption as a whole and grease, in the region. Thus, Asia-Pacific is likely to propel the demand for the studied market during the forecast.
The automotive sector is likely to dominate the market during the forecast period. In the automotive segment, grease is utilized in different vehicle parts, for example, wheel direction, widespread joints, suspensions, apparatuses, switches, and connectors, in light of their properties (which incorporate mechanical security, temperature resilience, water obstruction, and enemies of oxidants). The requirement for superior grease is expanding, with the production of machines and hardware for end-client enterprises. Henceforth, with the expanding two and four wheelers and deals combined with minimal developments in aviation, marine, and railroad areas, the interest in grease from automotive and other transportation sections is extended to increment during the conjecture time frame.
In the year 2019, the global grease market was found to be fragmented during the forecast period. Some of the key players of the market are ExxonMobil Corporation, Royal Dutch Shell PLC, Total SA, Chevron Corporation, BP PLC, and Valvoline LLC.
In June 2019, Schaeffler India had announced the launch of its new high-performance, multipurpose premium grease, XTRA3. This grease is specially developed and designed to increase the service life of bearings operating in harsh and demanding work environments.
GlobalGrease Marketreport provides deep insight into the current and future state of the grease market across various regions. The study comprehensively analyzes the Grease market by segmenting based on geography, by thickener type (Metallic-Soap Thickener and Others), by end-use industry (Construction , Manufacturing, Mining & Steel, Automotive, and Others). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Regulatory Policies
3.6 Feedstock Analysis
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1.By Thickener Type
5.1.1.Metallic-Soap Thickener
5.1.2.Others
5.2.By End-Use Industry
5.2.1.Construction
5.2.2.Power Generation
5.2.3.Heavy Equipment
5.2.4.Automotive
5.2.5 Metallurgy and Metalworking
5.2.6.Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 United Kingdom
6.2.2 Germany
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1. ExxonMobil Corporation
7.2. Royal Dutch Shell PLC
7.3. Total SA
7.4. Chevron Corporation
7.5. BP PLC
7.6. Valvoline LLC
7.7. China National Petroleum
Corporation
7.8. Gazprom Neft PJSC
7.9. Gulf Oil Corporation Limited
7.10. Repsol
7.11. Lukoil Automotive
Lubricants Company
7.12. Fuchs
Petrolub SE
7.13. Petronas
7.14. JXTG
Nippon Oil & Energy Corporation
7.15. Argean Automotive Petroleum Inc
*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Regulatory Policies
3.6 Feedstock Analysis
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1.By Thickener Type
5.1.1.Metallic-Soap Thickener
5.1.2.Others
5.2.By End-Use Industry
5.2.1.Construction
5.2.2.Power Generation
5.2.3.Heavy Equipment
5.2.4.Automotive
5.2.5 Metallurgy and Metalworking
5.2.6.Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 United Kingdom
6.2.2 Germany
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1. ExxonMobil Corporation
7.2. Royal Dutch Shell PLC
7.3. Total SA
7.4. Chevron Corporation
7.5. BP PLC
7.6. Valvoline LLC
7.7. China National Petroleum
Corporation
7.8. Gazprom Neft PJSC
7.9. Gulf Oil Corporation Limited
7.10. Repsol
7.11. Lukoil Automotive
Lubricants Company
7.12. Fuchs
Petrolub SE
7.13. Petronas
7.14. JXTG
Nippon Oil & Energy Corporation
7.15. Argean Automotive Petroleum Inc
*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Grease Market, in Kilo tons, 2016-2025
Metallic-Soap Thickener - Global Grease Market, in Kilo tons, 2016-2025
Construction - Global Grease Market, in Kilo tons, 2016-2025
Power Generation - Global Grease Market, in Kilo tons, 2016-2025
Heavy Equipment - Global Grease Market, in Kilo tons, 2016-2025
Automotive - Global Grease Market, in Kilo tons, 2016-2025
Metallurgy and Metalworking - Global Grease Market, in Kilo tons, 2016-2025
North America - Grease Market, in Kilo tons, 2016-2025
Europe – Grease Market, in Kilo tons, 2016-2025
Asia-Pacific - Grease Market, in Kilo tons, 2016-2025
South America - Grease Market, in Kilo tons, 2016-2025
Middle East & Africa - Grease Market, in Kilo tons, 2016-2025
Grease - Market Share of Key Companies in 2019
Other Supporting Charts
Automotive Growth Data, 2013-2019
Construction Industry Growth Data, 2013-2019
Global Grease Market, in Kilo tons, 2016-2025
Metallic-Soap Thickener - Global Grease Market, in Kilo tons, 2016-2025
Construction - Global Grease Market, in Kilo tons, 2016-2025
Power Generation - Global Grease Market, in Kilo tons, 2016-2025
Heavy Equipment - Global Grease Market, in Kilo tons, 2016-2025
Automotive - Global Grease Market, in Kilo tons, 2016-2025
Metallurgy and Metalworking - Global Grease Market, in Kilo tons, 2016-2025
North America - Grease Market, in Kilo tons, 2016-2025
Europe – Grease Market, in Kilo tons, 2016-2025
Asia-Pacific - Grease Market, in Kilo tons, 2016-2025
South America - Grease Market, in Kilo tons, 2016-2025
Middle East & Africa - Grease Market, in Kilo tons, 2016-2025
Grease - Market Share of Key Companies in 2019
Other Supporting Charts
Automotive Growth Data, 2013-2019
Construction Industry Growth Data, 2013-2019
