Europe Grease Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Thickener (Metal Soaps and Other Thickeners), End-user Industry (Power Generation, Automotive and Other Transportation, Heavy Equipment, Food and Beverage, Metallurgy and Metalworking, Chemical Manufacturing, and Other End-user Industries), and Geography (Germany, United Kingdom, Italy, France, Russia, Turkey, Spain, and Rest of Europe)

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Europe Grease Industry Overview

Europe Grease Market - Market Summary
Study Period: 2018 - 2028
CAGR: > 1 %

Major Players

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*Disclaimer: Major Players sorted in no particular order
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Europe Grease Market Analysis

The European grease market is expected to registering a CAGR of over 1% during the forecast period. The major factor driving the growth of the market studied is the environmental and health concerns regarding brominated and other flame retardants.

  • On the flipside, the non-suitability of hydroxides to high-temperature applications is expected to hinder the growth of the market studied.
  • Increasing prominence for polyurea greases is projected to offer opportunities for the manufacturers in the near future.

Europe Grease Industry Segments

The European grease market report includes:

Thickener
Metal Soaps
Other Thickeners
End-user Industry
Power Generation
Automotive and Other Transportation
Heavy Equipment
Food and Beverage
Metallurgy and Metalworking
Chemical Manufacturing
Other End-user Industries
Geography
Germany
United Kingdom
Italy
France
Russia
Turkey
Spain
Rest of Europe

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Europe Grease Market Trends

This section covers the major market trends shaping the Europe Grease Market according to our research experts:

Metal Soaps to Dominate the Market

  • Metal soap is the majorly used thickener for grease production, as it determines the grease properties. These include simple and complex metallic soaps (simple soaps include single fatty acids, whereas complex soaps have multiple fatty acids as complexing agents).
  • Thickener acts as an agent that sets the grease apart from fluid lubricants. These are molecules, particles, or polymers that are partially soluble in lubricating fluid and impart a semi-solid consistency to the grease.
  • Metallic soap thickener is used in various industries, such as automotive, construction and off-highways, general manufacturing, steel, mining, and other industries, due to its high mechanical stability and temperature tolerance characteristics.
  • Lithium, aluminum, sodium, and calcium are the majorly used metals in these thickeners. Organic acids are being added as complexing agents to conventional metal soaps, in order to attain better load-carrying properties and achieve higher dropping points.
  • Complex type thickeners have been witnessing the highest demand growth in the recent years, owing to their enhanced properties compared to simple thickeners. Complex thickeners provide improved temperature resistance, and they may not loose their structure as the temperatures approach 300ºC. Lithium complex is consumed mostly in this category, with growing demand for high performance greases. Other majorly used complex type thickeners include aluminum complex, sodium complex, and calcium complex.
  • Additionally, with the lithium prices being volatile, the manufacturers have been actively involved in search of other raw materials. Innovations are being made in the lithium complex used where diacid is being replaced with borates as a raw material. This, in turn, is reducing the production time and cost to the manufacturer.
  • Owing to the above-mentioned factors, the market for grease is expected to grow in the region during the forecast period.
Europe Grease Market - Segmentation Trends

Europe Grease Market Competitor Analysis

The market studied is highly consolidated among the top five players. The top companies have been utilizing competitive strategies and investments to retain and expand their shares. The top five players, namely FUCHS, Royal Dutch Shell, Lukoil, Lubrita, and Axel Christiernsson International AB, account for about 67% of the market studied.

Europe Grease Market Top Players

  1. FUCHS

  2. Royal Dutch Shell

  3. Lukoil

  4. Lubrita

  5. Axel Christiernsson International AB

*Disclaimer: Major Players sorted in no particular order

Europe Grease Market - Market Concentration.png

Europe Grease Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Adoption of Higher Performance Greases in Wind Power and Electric Vehicle Industries

      2. 4.1.2 Increasing Adoption of Higher Performance Greases in Wind Power and Electric Vehicle Industries

      3. 4.1.3 Booming Wood Pellet Production

    2. 4.2 Restraints

      1. 4.2.1 Impact of COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter’s Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Thickener

      1. 5.1.1 Metal Soaps

      2. 5.1.2 Other Thickeners

    2. 5.2 End-user Industry

      1. 5.2.1 Power Generation

      2. 5.2.2 Automotive and Other Transportation

      3. 5.2.3 Heavy Equipment

      4. 5.2.4 Food and Beverage

      5. 5.2.5 Metallurgy and Metalworking

      6. 5.2.6 Chemical Manufacturing

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Germany

      2. 5.3.2 United Kingdom

      3. 5.3.3 Italy

      4. 5.3.4 France

      5. 5.3.5 Russia

      6. 5.3.6 Turkey

      7. 5.3.7 Spain

      8. 5.3.8 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Axel Christiernsson International AB

      2. 6.4.2 Brugarolas SA

      3. 6.4.3 Calumet branded products, LLC

      4. 6.4.4 Carl Bechem GmbH

      5. 6.4.5 Castrol

      6. 6.4.6 Chevron Corporation

      7. 6.4.7 CONDAT Group

      8. 6.4.8 ExxonMobil Corporation

      9. 6.4.9 FUCHS

      10. 6.4.10 Gazpromneft - Lubricants Ltd

      11. 6.4.11 JXTG Nippon Oil & Energy Europe Limited (ENEOS)

      12. 6.4.12 Klüber Lubrication

      13. 6.4.13 Lubrita

      14. 6.4.14 Lukoil

      15. 6.4.15 Petrol Ofisi

      16. 6.4.16 PETRONAS Lubricants International

      17. 6.4.17 Royal Dutch Shell

      18. 6.4.18 Total

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Prominence for Polyurea Greases

    2. 7.2 Other Opportunities

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Europe Grease Market Research FAQs

The Europe Grease Market is studied from 2018 - 2028.

The Europe Grease Market is growing at a CAGR of >1% over the next 5 years.

FUCHS, Royal Dutch Shell, Lukoil, Lubrita, Axel Christiernsson International AB are the major companies operating in Europe Grease Market.

Europe Grease Industry Reports

In-depth industry statistics and market share insights of the Europe Grease Market sector for 2020, 2021, and 2022. The Europe Grease Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Europe Grease Market report PDF.

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