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Grease Market by Thickener (Metal Soap, Non-soap Thickener, Inorganic Thickener, Other), by End-user (Heavy Equipment, Power Generation, Automotive & Transportation, Food & Beverage, Chemical Manufacturing, Metal Working & Metallurgy, Other) – Growth, Future Prospects, & Competitive Analysis, 2019 – 2027

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Published: | Report ID: 6572 | Report Format : PDF

Key Market Insights

Increase demand from end-users will spur the market revenue growth

The global Grease market accounted for US$ 1.9 Bn in 2018 and is anticipated to grow to US$ 2.3 Bn growing at a CAGR of 2.5% during the forecast period from 2019 to 2027.

Grease is a form of semisolid lubricant typically containing vegetable or mineral oil blended soap. Grease is a by-product from the dispersal of a liquid lubricant thickening agent. Depending upon type of thickener, type of base oil and the additive technology used, the grease properties differs. Grease is used primarily to reduce friction between two moving surfaces and minimize wear and tear levels. For several purposes, grease is preferred to oils such as wax, and acts as a sealant to avert leakage of lubricants and to preserve damaged seals in cases where oil leaks out of application. Grease thwarts corrosive pollutants and foreign material from entering, the grease-demanding equipment is also simple in design, needs less room and weights considerably less than similar equipment, as a result of which the overall cost of the equipment for repair and procurement is reduced. Owing to this application and the benefits offered by grease demand for it is bolstering in the end-use industries.

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Market Synopsis

Thickener Analysis

Metal Soap segment to dominate the market throughout the forecast period

Metal soap thickener segment is estimated to register the fastest-growth throughout the forecast period. This can be associated with its multifunctional properties which makes it suitable for use in various end-use industries including automotive, construction, general manufacturing industries, and chemical manufacturing among others. Metal soap thickener has high ability to maintain exceptional stability at high temperatures coupled with other complimentary properties including shear stability, rust protection, load bearing, and water resistance.

End-user Analysis

Automotive & Transportation segment expected to dominate the market during the forecast period

Automotive is the most popular end-use field on the market for grease. Increasing sales of passenger vehicles and commercial vehicles are boosting the demand for grease in the automotive and transport industries. In the automotive industry, grease has a wide applications in various automotive parts, such as universal joints, wheel bearings, levers, gear, suspension and others, due to its excellent properties including temperature tolerance, mechanical durability, anti-oxidant, and water resistance.

Additionally, grease also plays a major role in the chemical manufacturing segment, and growth in the global chemical industry has a direct impact on the grease market. Grease also has a significant application especially in the metalworking sector, and numerous upcoming projects in the Asia Pacific region are expected to boost the grease demand in this region. The rising adoption of grease over other substitutes in various end-use industry including automobile, and construction among others is propelling the growth of grease market across the globe.

Regional Analysis

Rising urbanization to bolster the growth in Asia Pacific region

Asia pacific region anticipated to lead the global grease market. The rising demand of automobile sector coupled with the infrastructural growth and growth of the manufacturing sector in the developing regions including China, India, and Japan among others are driving the growth in the region. The market is expected to register a CAGR of XX% during the forecast period.

The market for grease will hold significant market share in North America owing to the expansion of automobile as well as chemical industry in the region. On the contrary, the Middle East and Africa region is expected to witness fastest growth during the forecast period. Owing to the rapidly developing industrial sector in the region.

List of Companies Covered:

  • Castrol
  • Exxon Mobil
  • Dow Corning Ltd.
  • Chevron Corporation
  • Lukeoil
  • Royal Dutch Shell PLC
  • Sinopec Corporation
  • Balmer Lawrie & Co. Ltd
  • JX Nippon Oil & Energy Corporation
  • Petronas

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

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Market Segmentation

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall Grease market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

  • What are the current market trends and dynamics in the Grease market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2027
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which application segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Grease market?
  • Which is largest regional market for Grease?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
  • Worldwide market value of the Grease market in 2017 and 2018
  • Which are the key trends driving the global Grease market growth?
  • Who are the leading service providers in the Grease market worldwide?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Thickener
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Grease Market
2.2. Global Grease Market, by Thickener, 2018 (US$ Bn)
2.3. Global Grease Market, by End-user, 2018 (US$ Bn)
2.4. Global Grease Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global Grease Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Grease Market, by Thickener , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Metal Soap
4.3. Non-soap Thickener
4.4. Inorganic Thickener
4.5. Other

5. Global Grease Market, by End-user, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Heavy Equipment
5.3. Power Generation
5.4. Automotive & Transportation
5.5. Food & Beverage
5.6. Chemical Manufacturing
5.7. Metal Working & Metallurgy
5.8. Other

6. North America Grease Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America Grease Market Value and Growth, 2017-2027, (US$ Bn)
6.2. North America Grease Market Value, By Thickener, 2017-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America Grease Market Value, By End-user, 2017-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America Grease Market Value, By Region/Country, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Grease Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe Grease Market Value and Growth, 2017-2027, (US$ Bn)
7.2. Europe Grease Market Value, By Thickener, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe Grease Market Value, By End-user, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe Grease Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Grease Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific Grease Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Asia Pacific Grease Market Value, By Thickener, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific Grease Market Value, By End-user, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific Grease Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Grease Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World Grease Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Rest of the World Grease Market Value, By Thickener, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of the World Grease Market Value, By End-user, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World Grease Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. Castrol
10.2. Exxon Mobil
10.3. Dow Corning Ltd.
10.4. Chevron Corporation
10.5. Lukeoil
10.6. Royal Dutch Shell PLC
10.7. Sinopec Corporation
10.8. Balmer Lawrie & Co. Ltd
10.9. JX Nippon Oil & Energy Corporation
10.10. Petronas

 

List of Figures

FIG. 1 Global Grease Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Grease Market Segmentation
FIG. 4 Global Grease Market, by Thickener, 2018 (US$ Bn)
FIG. 5 Global Grease Market, by End-user, 2018 (US$ Bn)
FIG. 6 Global Grease Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key Grease Market Vendors, 2018
FIG. 9 Global Grease Market, by Thickener, 2017–2027 (US$ Bn)
FIG. 10 Global Grease Market, by Metal Soap, Value, 2017–2027 (US$ Bn)
FIG. 11 Global Grease Market, by Non-soap Thickener, Value, 2017–2027 (US$ Bn)
FIG. 12 Global Grease Market, by Inorganic Thickener, Value, 2017–2027 (US$ Bn)
FIG. 13 Global Grease Market, by Other, Value, 2017–2027 (US$ Bn)
FIG. 14 Global Grease Market, by End-user, 2017–2027 (US$ Bn)
FIG. 15 Global Grease Market, by Heavy Equipment, Value, 2017–2027 (US$ Bn)
FIG. 16 Global Grease Market, by Power Generation, Value, 2017–2027 (US$ Bn)
FIG. 17 Global Grease Market, by Automotive & Transportation, Value, 2017–2027 (US$ Bn)
FIG. 18 Global Grease Market, by Food & Beverage, Value, 2017–2027 (US$ Bn)
FIG. 19 Global Grease Market, by Chemical Manufacturing, Value, 2017–2027 (US$ Bn)
FIG. 20 Global Grease Market, by Metal Working & Metallurgy, Value, 2017–2027 (US$ Bn)
FIG. 21 Global Grease Market, by Other, Value, 2017–2027 (US$ Bn)
FIG. 22 U.S. Grease Market, 2017–2027 (US$ Bn)
FIG. 23 Rest of North America Grease Market, 2017–2027 (US$ Bn)
FIG. 24 U.K. Grease Market, 2017–2027 (US$ Bn)
FIG. 25 Germany Grease Market, 2017–2027 (US$ Bn)
FIG. 26 France Grease Market, 2017–2027 (US$ Bn)
FIG. 27 Italy Grease Market, 2017–2027 (US$ Bn)
FIG. 28 Rest of Europe Grease Market, 2017–2027 (US$ Bn)
FIG. 29 Japan Grease Market, 2017–2027 (US$ Bn)
FIG. 30 China Grease Market, 2017–2027 (US$ Bn)
FIG. 31 India Grease Market, 2017–2027 (US$ Bn)
FIG. 32 Rest of Asia Pacific Grease Market, 2017–2027 (US$ Bn)
FIG. 33 Middle East & Africa Grease Market, 2017–2027 (US$ Bn)
FIG. 34 Latin America Grease Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Grease Market
TABLE 2 Global Grease Market, by Thickener, 2017–2027 (US$ Bn)
TABLE 3 Global Grease Market, by End-user, 2017–2027 (US$ Bn)
TABLE 4 Global Grease Market, by Geography, 2017–2027 (US$ Bn)
TABLE 5 North America Grease Market, by Thickener, 2017–2027 (US$ Bn)
TABLE 6 North America Grease Market, by End-user, 2017–2027 (US$ Bn)
TABLE 7 North America Grease Market, by Country, 2017–2027 (US$ Bn)
TABLE 8 Europe Grease Market, by Thickener, 2017–2027 (US$ Bn)
TABLE 9 Europe Grease Market, by End-user, 2017–2027 (US$ Bn)
TABLE 10 Europe Grease Market, by Country, 2017–2027 (US$ Bn)
TABLE 11 Asia Pacific Grease Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 12 Asia Pacific Grease Market, by Thickener, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific Grease Market, by End-user, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific Grease Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 15 RoW Grease Market, by Thickener, 2017–2027 (US$ Bn)
TABLE 16 RoW Grease Market, by End-user, 2017–2027 (US$ Bn)
TABLE 17 RoW Grease Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 18 Castrol.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 19 Exxon Mobil: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 20 Dow Corning Ltd.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 21 Chevron Corporation.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 22 Lukeoil: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 23 Royal Dutch Shell Plc.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 24 Sinopec Corporation.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 25 Balmer Lawrie & Co. ltd.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 26 JX Nippon Oil & Energy Corporation.: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)
TABLE 27 Petronas..: Company Snapshot (Company Details, Geographical Presence, Thickener Portfolio, Key Developments)

Frequently Asked Questions:

What is the size of Grease Market?

The market for Grease Market is expected to reach US$ 2.3 Bn in 2027.

What is the Grease Market CAGR?

The Grease Market is expected to see significant CAGR growth over the coming years, at 2.5%.

What is the Forecast period considered for Grease Market?

The report is forecasted from 2019-2027.

What is the base year considered for Grease Market?

The base year of this report is 2018.

Who are the major players in this market?

Castrol, Exxon Mobil, Dow Corning Ltd., Chevron Corporation, Lukeoil are some of the major players in the global market.

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