Product Code: CMI3852
The global industrial greases market is estimated to be valued at USD 4.73 Bn in 2024 and is expected to reach USD 5.89 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
4.73 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
3.20% |
2031 Value Projection: |
5.89 Bn |
Figure. Industrial Greases Market Share (%), By Region, 2024
Industrial greases play a crucial role in various industries such as automotive, construction, energy, and manufacturing, among others by reducing friction between surfaces and carrying away heat and debris.
Market Dynamics
The key drivers fueling the global industrial greases market include rapid growth of end-use industries such as construction, mining, automotive, and others. Rapid urbanization and infrastructure development projects worldwide have boosted demand from the construction industry. Moreover, increasing mechanization in agriculture as well as the mining industry has also contributed to the market growth. Development of bio-based and environment-friendly greases providing better protection and performance is opening new opportunities. However, availability of substitutes such as solid lubricants and advent of electric vehicles are likely to restrain the market growth to a certain extent. Stringent regulations regarding the usage of certain chemical additives are a major challenge. They help in improving the efficiency of machines as well as increasing their lifespan. Factors such as rapid industrialization and urbanization across developing regions of the world have been driving the demand for industrial greases substantially.
Key Features of the Study
This report provides in-depth analysis of the global industrial greases market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global industrial greases market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Shell plc, ExxonMobil Corporation (Mobil), Chevron Corporation, BP plc (Castrol), TotalEnergies SE, Fuchs Petrolub SE, Petro-Canada Lubricants Inc. (HollyFrontier), Kluber Lubrication (Freudenberg Group), Sinopec Limited, Idemitsu Kosan Co., Ltd., Indian Oil Corporation Ltd. (Servo), and Phillips 66 Lubricants
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global industrial greases market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial greases market
Market Segmentation
- Type of Base Oil Insights (Revenue, USD Bn, 2019 - 2031)
- Mineral Oil-Based Greases
- Synthetic Oil-Based Greases
- Bio-Based Greases
- Others
- Thickener Type Insights (Revenue, USD Bn, 2019 - 2031)
- Lithium-Based Greases
- Calcium-Based Greases
- Polyurea Greases
- Complex Soap Greases
- Others
- End-use Industry Insights (Revenue, USD Bn, 2019 - 2031)
- Automotive & Transportation
- Construction and Mining Equipment
- Steel and Metal Processing
- Food and Beverage Industry
- Marine and Aerospace
- Others
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Shell plc
- ExxonMobil Corporation (Mobil)
- Chevron Corporation
- BP plc (Castrol)
- TotalEnergies SE
- Fuchs Petrolub SE
- Petro-Canada Lubricants Inc. (HollyFrontier)
- Kluber Lubrication (Freudenberg Group)
- Sinopec Limited
- Idemitsu Kosan Co., Ltd.
- Indian Oil Corporation Ltd. (Servo)
- Phillips 66 Lubricants
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type of Base Oil
- Market Snippet, By Thickener Type
- Market Snippet, By End-use Industry
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Industrial Greases Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Industrial Greases Market - COVID-19
- Impact Analysis
5. Global Industrial Greases Market, By Type of Base Oil, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Mineral Oil-Based Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Synthetic Oil-Based Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Bio-Based Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
6. Global Industrial Greases Market, By Thickener Type, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Lithium-Based Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Calcium-Based Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Polyurea Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Complex Soap Greases
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
7. Global Industrial Greases Market, By End-use Industry, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Automotive & Transportation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Construction and Mining Equipment
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Steel and Metal Processing
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Food and Beverage Industry
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Marine and Aerospace
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
8. Global Industrial Greases Market, By Region, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type of Base Oil, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Thickener Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type of Base Oil, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Thickener Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type of Base Oil, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Thickener Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type of Base Oil, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Thickener Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type of Base Oil, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Thickener Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type of Base Oil, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Thickener Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By , 2019- 2031, (USD Bn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Shell plc
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- ExxonMobil Corporation (Mobil)
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Chevron Corporation
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- BP plc (Castrol)
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- TotalEnergies SE
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Fuchs Petrolub SE
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Petro-Canada Lubricants Inc. (HollyFrontier)
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Kluber Lubrication (Freudenberg Group)
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Sinopec Limited
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Idemitsu Kosan Co., Ltd.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Indian Oil Corporation Ltd. (Servo)
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Phillips 66 Lubricants
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
10. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. Section
- References
- Research Methodology
- About Us and Sales Contact