
Study Period | 2019 - 2030 |
Market Volume (2025) | 2.69 Billion liters |
Market Volume (2030) | 3.17 Billion liters |
CAGR | 3.38 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Grease Market Analysis
The Grease Market size is estimated at 2.69 billion liters in 2025, and is expected to reach 3.17 billion liters by 2030, at a CAGR of 3.38% during the forecast period (2025-2030).
The grease market continues to be significantly influenced by developments across major end-user industries, particularly manufacturing, metallurgy, and heavy equipment sectors. The global steel industry, a major consumer of industrial lubricants, produced approximately 1.88 billion tonnes in 2022, demonstrating the massive scale of industrial operations requiring specialized lubricating grease solutions. This extensive industrial base, coupled with increasing automation and sophisticated machinery deployment across manufacturing facilities, has created sustained demand for high-performance machinery grease that can withstand extreme operating conditions while ensuring equipment longevity.
The automotive manufacturing sector remains a crucial demand driver, with global automotive production reaching 85.01 million vehicles in 2022, representing a growth rate of 5.99% compared to the previous year. The industry's evolution towards more advanced manufacturing processes and increasing automation has led to a greater emphasis on specialized greases that can meet precise specifications for modern production equipment. Additionally, the growing focus on predictive maintenance and equipment reliability has spurred innovations in grease formulations that offer enhanced performance monitoring capabilities.
The chemical processing industry has emerged as another significant consumer of industrial greases, with the global chemical industry recording a growth rate of 2.0% in 2023, according to BASF reports. The sector's demanding operating conditions, including exposure to corrosive materials and extreme temperatures, have driven the development of specialized grease formulations that can withstand harsh chemical environments while maintaining their lubricating properties. This has led to increased research and development activities focused on creating chemical-resistant grease variants.
The food and beverage manufacturing sector has witnessed substantial modernization of production facilities, driving demand for food-grade greases that comply with stringent safety regulations. According to industry reports, the United States alone exported processed food products worth USD 38 billion in 2022, highlighting the scale of food processing operations. This growth has been accompanied by increasing adoption of automated production lines and sophisticated packaging equipment, all requiring specialized food-grade lubricants that meet NSF H1 standards while delivering optimal performance in high-speed operations.
Grease Market Trends
Enhanced Utilization in Growing Wind Power Industry
The application of grease in the wind power industry has become increasingly critical, particularly in turbine components, including main shaft bearings, yaw drive bearings and gears, generator bearings, and blade pitch bearings. These components require specialized bearing grease to handle variable loading associated with constantly changing wind speeds and directions across diverse environmental conditions. The demanding nature of wind turbine operations, especially in harsh environments and scaling up of energy output, has led to increased adoption of high-performance synthetic grease made with NLGI 1-2-synthetic base oil and advanced thickeners like lithium grease complex, calcium sulfonate, and modified lithium.
According to the International Energy Agency, in 2022, of the total 900 GW of wind capacity installed globally, 93% was in onshore systems, while the remaining 7% was in offshore wind farms. The Global Wind Energy Council (GWEC) reported that 77.6 GW of new wind power capacity was connected to power grids in 2022, bringing total installed wind capacity to 906 GW, representing a growth of 9% compared to 2021. Looking ahead, GWEC forecasts anticipate the addition of 680 GW of new capacity between 2023-27, averaging 136 GW per year. Major developments include China's plans for the world's largest wind farm - the 43.3-gigawatt Chaozhou facility in the Taiwan Strait, with construction set to begin before 2025.
Upsurge in Demand from Electric Vehicle Production
The electric vehicle sector presents unique requirements for specialty grease applications, as EV motors create different microenvironments and materials that require specialized lubrication compared to internal combustion engines. High-performance greases are essential for EV manufacturing, particularly for components like transmission and bearings, wheel bearings, steering mechanisms, and front-end accessory drive bearings. These greases must demonstrate longer re-greasing intervals, superior performance in demanding operational conditions, and suitability for use in remote delivery or centralized automated grease delivery systems. Additionally, the greases used in EVs must exhibit characteristics such as longer component life, higher temperature performance, shear stability, oxidation stability, and application-specific requirements including water tolerance, rust prevention, and extreme pressure capabilities.
The automotive industry has witnessed significant transformation with major manufacturers committing to electric vehicle production. For instance, in March 2023, Tesla presented plans to establish a plant in India for manufacturing electric cars for local and international sales. General Motors announced an investment exceeding USD 7 billion in 2022 to boost electric vehicle production in the United States. The global push towards electric mobility is further evidenced by China's target of achieving 40% electric vehicle sales by 2030. This transition is supported by various government initiatives, such as California's Advanced Clean Cars II Regulations mandating all new passenger cars sold to have zero emissions by 2035, and the European Union's similar commitment to phase out internal combustion engines by 2035.
Segment Analysis: By Thickeners
Lithium-based Segment in Grease Market
The lithium-based grease segment continues to dominate the global grease market, holding approximately 66% of the market share in 2024. This significant market position is attributed to lithium grease's exceptional performance characteristics, including excellent mechanical stability, good water resistance, and high-temperature performance capabilities. The segment's dominance is particularly evident in automotive applications, where lithium grease is extensively used in wheel bearings, chassis components, and constant velocity joints. The growing electric vehicle sector has further strengthened the demand for lithium grease, as it provides superior performance in electric motor bearings and other critical EV components. Additionally, the wind power industry's expansion has created substantial demand for these greases, particularly in turbine bearings and other high-stress applications.

Calcium-based Segment in Grease Market
The calcium-based grease segment is emerging as the fastest-growing segment in the grease market, projected to grow at approximately 9% during 2024-2029. This remarkable growth is driven by several factors, including the segment's cost-effectiveness and environmental friendliness compared to other thickener types. Calcium grease is gaining significant traction in mining applications, particularly due to its superior extreme pressure characteristics and exceptional wet performance capabilities. The segment's growth is further supported by industries looking for lithium alternatives due to cost and supply concerns. Calcium sulfonate thickeners, in particular, are witnessing increased adoption in heavy-duty applications where shock load resistance and vibration handling are crucial requirements. The segment's expansion is also bolstered by its excellent water resistance properties and ability to maintain consistency in challenging operating conditions.
Remaining Segments in Thickeners Market
The remaining segments in the thickeners market, including aluminum-based, polyurea, and other thickeners, each serve specific niche applications with unique performance characteristics. Aluminum-based greases are particularly valued in food-grade applications and high-temperature environments, while polyurea greases have gained prominence in electric motor applications and sealed-for-life bearings due to their superior oxidation resistance and long service life. Other thickeners, including mixed soap thickeners and non-soap varieties, continue to play crucial roles in specialized applications where specific performance characteristics are required. These segments collectively contribute to the market's diversity and provide solutions for applications where conventional lithium or calcium-based greases may not be optimal.
Segment Analysis: By End-User Industry
Automotive and Other Transportation Segment in Grease Market
The automotive and other transportation segment dominates the global grease market, holding approximately 37% market share in 2024. This significant share is driven by the extensive use of automotive grease in various automotive applications, including wheel bearings, chassis components, and mechanical linkages. The segment's dominance is further strengthened by the growing automotive production globally, with major manufacturers focusing on both conventional and electric vehicles. The increasing adoption of electric vehicles, particularly in regions like China, which accounts for over half of all new electric vehicles sold worldwide, has created new opportunities for specialized greases designed for EV applications. Additionally, the aerospace industry's continuous expansion, particularly in regions like North America and Europe, has contributed to the segment's market leadership through increased demand for high-performance greases in aircraft maintenance and operations.
Power Generation Segment in Grease Market
The power generation segment is projected to be the fastest-growing segment in the grease market during 2024-2029, with an expected growth rate of approximately 5%. This accelerated growth is primarily driven by the rapid expansion of renewable energy installations, particularly wind power facilities worldwide. The segment's growth is supported by significant investments in new power generation infrastructure, especially in emerging economies. The increasing focus on wind energy projects, with countries like China planning the world's largest wind farm in the Taiwan Strait, and the United States' commitment to deploy 30 GW of offshore wind by 2030, are creating substantial demand for specialized greases. The segment's growth is further bolstered by the rising maintenance requirements of existing power infrastructure and the increasing adoption of advanced lubricating grease solutions for improved efficiency in power generation equipment.
Remaining Segments in End-User Industry
The other significant segments in the grease market include metallurgy and metalworking, heavy equipment, chemical manufacturing, and food and beverage industries. The metallurgy and metalworking grease segment maintains a strong position due to the continuous demand from steel manufacturing and metal processing industries. The heavy equipment segment is driven by construction and mining activities, while the chemical manufacturing segment benefits from the expansion of chemical processing facilities worldwide. The food and beverage segment, though smaller in size, plays a crucial role due to its specific requirements for food-grade greases. These segments collectively contribute to the market's diversity and stability, each serving unique industrial applications with specialized grease formulations and performance requirements.
Grease Market Geography Segment Analysis
Grease Market in Asia-Pacific
The Asia-Pacific region represents the largest and most dynamic grease market globally, with a diverse mix of developed and developing economies driving demand. The region's growth is primarily fueled by rapid industrialization, an expanding automotive sector, and increasing investments in infrastructure development. Key markets include China, India, Japan, South Korea, and emerging economies like Vietnam, Thailand, and Indonesia. The region's manufacturing prowess, particularly in automotive and industrial equipment, combined with the growing adoption of advanced technologies in countries like Japan and South Korea, continues to shape market dynamics.

Grease Market in China
China dominates the Asia-Pacific grease market as the largest consumer and producer, accounting for approximately 50% of the regional market share in 2024. The country's massive industrial base, extensive automotive manufacturing sector, and robust construction industry drive substantial demand for grease products. China's leadership in electric vehicle production, wind power generation, and heavy equipment manufacturing further strengthens its position in the market. The country's strategic initiatives in renewable energy, particularly in wind power projects, and continued investments in infrastructure development create sustained demand for various types of industrial greases.
Grease Market in Vietnam
Vietnam emerges as the fastest-growing market in the Asia-Pacific region, with a projected growth rate of approximately 6% during 2024-2029. The country's rapid industrialization, expanding manufacturing sector, and increasing foreign direct investments in construction and infrastructure projects drive this growth. Vietnam's strategic position in the Southeast Asian manufacturing landscape, coupled with government initiatives to boost industrial development and infrastructure projects, creates significant opportunities for grease manufacturers. The country's growing automotive sector, increasing mechanization in agriculture, and expanding industrial base contribute to the rising demand for various types of greases.
Grease Market in North America
North America represents a mature yet technologically advanced market for grease products, characterized by high-quality standards and sophisticated industrial applications. The region's market is driven by robust manufacturing activities, an extensive automotive sector, and significant investments in renewable energy infrastructure. The United States, Canada, and Mexico form the core markets, each contributing uniquely to the regional demand dynamics. The region's focus on industrial automation, renewable energy development, and sustainable manufacturing practices shapes the evolution of grease products and applications.
Grease Market in United States
The United States maintains its position as the dominant force in the North American grease market, holding approximately 70% of the regional market share in 2024. The country's extensive industrial base, large automotive sector, and significant investments in renewable energy infrastructure drive substantial demand for grease products. The nation's leadership in technological innovation, particularly in wind energy development and electric vehicle manufacturing, creates consistent demand for specialized greases. The robust aerospace industry, extensive mining operations, and large-scale manufacturing activities further reinforce the country's prominent position in the market.
Grease Market in Mexico
Mexico emerges as the fastest-growing market in North America, with an expected growth rate of approximately 3% during 2024-2029. The country's expanding manufacturing sector, particularly in the automotive and aerospace industries, drives increasing demand for industrial greases. Mexico's strategic position as a manufacturing hub, supported by trade agreements and proximity to the United States, attracts significant investments in industrial infrastructure. The country's growing focus on renewable energy projects and expansion of mining activities further contributes to the rising demand for specialized grease products.
Grease Market in Europe
Europe represents a sophisticated market for grease products, characterized by stringent quality standards and environmental regulations. The region's diverse industrial landscape encompasses automotive manufacturing, renewable energy infrastructure, and advanced manufacturing sectors. Germany, the United Kingdom, Italy, Russia, and Spain constitute the major markets, each contributing uniquely to the regional demand patterns. The region's commitment to sustainable industrial practices and technological innovation influences product development and market dynamics.
Grease Market in Russia
Russia maintains its position as the largest grease market in Europe, driven by its extensive industrial base and significant mining operations. The country's large-scale manufacturing activities, particularly in heavy machinery and equipment, create substantial demand for industrial greases. Russia's prominent position in the oil and gas sector, combined with its expanding automotive industry and growing focus on infrastructure development, sustains the strong market demand.
Grease Market in Turkey
Turkey emerges as the fastest-growing market in Europe, driven by its rapidly expanding industrial sector and strategic geographical position. The country's growing automotive manufacturing base, increasing investments in renewable energy projects, and expanding construction activities fuel the rising demand for grease products. Turkey's development as a manufacturing hub, coupled with significant infrastructure projects and modernization initiatives, creates substantial opportunities for market growth.
Grease Market in South America
The South American grease market is characterized by diverse industrial applications and growing manufacturing activities across Brazil, Argentina, Colombia, and Chile. Brazil emerges as both the largest and fastest-growing market in the region, driven by its substantial automotive sector, extensive mining operations, and significant investments in renewable energy infrastructure. The region's focus on industrial modernization, expanding agricultural mechanization, and growing manufacturing activities shapes the market dynamics. The presence of major automotive manufacturers, increasing mining activities, and development of renewable energy projects across these countries continue to drive market growth.
Grease Market in Middle East
The Middle East grease market demonstrates strong growth potential, supported by extensive industrial activities across Saudi Arabia, Iran, Turkey, United Arab Emirates, and Qatar. Turkey leads the region as both the largest and fastest-growing market, supported by its diverse industrial base and strategic location. The region's ongoing investments in infrastructure development, expanding manufacturing capabilities, and significant oil and gas operations drive market growth. The increasing focus on industrial diversification and growing automotive sector across these countries further strengthens market demand.
Grease Market in Africa
The African grease market shows promising growth potential, with diverse industrial applications across Egypt, South Africa, Nigeria, Algeria, and Morocco. Nigeria emerges as the largest market, driven by its substantial oil and gas operations and growing industrial base, while Morocco leads in growth rate, supported by its expanding manufacturing sector. The region's increasing focus on industrial development, growing mining activities, and expanding automotive sector shape market dynamics. The ongoing investments in infrastructure development and industrial modernization across these countries continue to drive demand for various types of greases.
Grease Industry Overview
Top Companies in Grease Market
The global grease market is characterized by continuous innovation and strategic developments from major players like Shell PLC, ExxonMobil Corporation, Axel Christiernsson, BP PLC, and FUCHS. Companies are increasingly focusing on developing bio-based and sustainable grease products to meet evolving environmental regulations and customer preferences. Operational agility is demonstrated through investments in smart manufacturing facilities and the integration of Industry 4.0 technologies in production processes. Strategic moves include backward integration to secure raw material supply and forward integration to strengthen distribution networks. Market leaders are expanding their geographical presence through new manufacturing facilities, particularly in high-growth regions like Asia-Pacific, while simultaneously strengthening their research and development capabilities to develop specialized products for emerging applications in sectors like electric vehicles and renewable energy.
Fragmented Market with Strong Regional Players
The grease market exhibits a fragmented structure with a mix of global conglomerates and specialized regional manufacturers. While multinational companies dominate through their extensive product portfolios and global distribution networks, regional players maintain significant market share in their respective territories through specialized product offerings and strong local customer relationships. The market is witnessing increased consolidation through strategic acquisitions and partnerships, particularly in emerging markets, as companies seek to expand their technological capabilities and geographical reach.
The competitive dynamics are shaped by the presence of vertically integrated oil and gas companies that leverage their raw material advantages, alongside specialized lubricant market manufacturers focusing on niche applications. Merger and acquisition activities are primarily driven by the need to acquire technological expertise, expand product portfolios, and penetrate new geographical markets. Companies are increasingly forming strategic alliances with original equipment manufacturers (OEMs) and end-users to develop customized solutions and secure long-term supply contracts.
Innovation and Sustainability Drive Future Success
For established players, maintaining market leadership requires continuous investment in research and development to develop innovative products that address emerging challenges in various industries. Companies need to focus on developing environmentally sustainable products, expanding their distribution networks, and strengthening relationships with key OEMs. The ability to provide comprehensive solutions, including technical support and after-sales services, while maintaining cost competitiveness through operational efficiency, will be crucial for market success.
New entrants and smaller players can gain market share by focusing on specialized applications and regional markets where they can build strong customer relationships. Success factors include developing innovative solutions for specific industry challenges, establishing strong technical capabilities, and building efficient distribution networks. The increasing focus on environmental regulations and sustainability creates opportunities for companies offering eco-friendly alternatives. Additionally, the growing demand from emerging economies and new application areas provides opportunities for market expansion, though companies must navigate challenges such as raw material price volatility and intense competition from established players. The lubricant industry trends indicate a shift towards more eco-friendly solutions, and the industrial lubricant sector is poised for growth as industries demand more specialized products.
Grease Market Leaders
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Shell Plc
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Exxon Mobil Corporation
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FUCHS
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Axel Christiernsson
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BP p.l.c.
- *Disclaimer: Major Players sorted in no particular order

Grease Market News
- July 2024: AMSOIL acquired Aerospace Lubricants, an Ohio-based firm renowned for its specialized grease design and manufacturing. This acquisition is set to bolster operational capabilities and capacities. With Aerospace's operational prowess and grease specialization, both Aerospace and AMSOIL customers stand to gain substantial added value.
- May 2024: FUCHS Group officially opened its High-Performance Grease Plant (HPGP) in Yingkou, China. The HPGP underscores FUCHS Group's strong dedication to both the Chinese and broader Asia-Pacific markets. It aims to cater to the surging demand for grease products in the region, even in the face of global economic challenges. The plant boasts the capability to produce a comprehensive range of soap-based grease products, catering to diverse sectors such as new energy vehicles, wind power, semiconductors, aerospace, and robotics.
- June 2023: FUCHS Lubricants Co. launched RENOLIT CSX AWE 0, a calcium sulfonate complex grease tailored for truck trailer axle hubs. Formulated with sustainable, lithium-free technology, this grease provides OEMs and fleets with a stable, long-term solution at a consistent price point. In addition, RENOLIT CSX AWE 0 ensures seamless integration, being compatible with legacy axle-bearing greases for straightforward replacement.
- March 2022: Axel Christiernsson International AB launched AXELLENCE 752 EPEF, an environmentally acceptable lubricant that received EU Ecolabel approval for accidental and partial loss applications. This is the first lithium complex grease to attain such certification.
Grease Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Surging Vehicle Population to Drive the Demand for Grease
- 4.1.2 Robust Growth of Investments in the Power Generation Sector
- 4.1.3 Other Drivers
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4.2 Market Restraints
- 4.2.1 Environmental Regulations Concerning Usage of Grease
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 By Thickeners
- 5.1.1 Lithium-based
- 5.1.2 Calcium-based
- 5.1.3 Aluminium-based
- 5.1.4 Polyurea
- 5.1.5 Other Thickeners
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5.2 By End-user Industry
- 5.2.1 Power Generation
- 5.2.2 Automotive and Other Transportation
- 5.2.3 Heavy Equipment
- 5.2.4 Food and Beverage
- 5.2.5 Metallurgy and Metalworking
- 5.2.6 Chemical Manufacturing
- 5.2.7 Other End-user Industries
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5.3 By Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Malaysia
- 5.3.1.6 Thailand
- 5.3.1.7 Indonesia
- 5.3.1.8 Vietnam
- 5.3.1.9 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Spain
- 5.3.3.6 NORDIC Countries
- 5.3.3.7 Turkey
- 5.3.3.8 Russia
- 5.3.3.9 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Colombia
- 5.3.4.4 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 Qatar
- 5.3.5.3 United Arab Emirates
- 5.3.5.4 Nigeria
- 5.3.5.5 Egypt
- 5.3.5.6 South Africa
- 5.3.5.7 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/ Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Axel Christiernsson
- 6.4.2 BECHEM Lubrication Technology LLC
- 6.4.3 BP PLC
- 6.4.4 Carl Bechem Gmbh
- 6.4.5 Chevron Corporation
- 6.4.6 China Petroleum & Chemical Corporation
- 6.4.7 ENEOS Corporation
- 6.4.8 ETS
- 6.4.9 Exxon Mobil Corporation
- 6.4.10 FUCHS
- 6.4.11 Gazprom Neft PJSC
- 6.4.12 Kluber Lubrication
- 6.4.13 Lukoil
- 6.4.14 Orlen Oil Ltd
- 6.4.15 Penrite Oil
- 6.4.16 Petromin
- 6.4.17 PETRONAS Lubricants International
- 6.4.18 Shell PLC
- 6.4.19 TotalEnergies
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Technological Advancements and Product Innovation
- 7.2 Growing Usage of Polyurea Greases
- 7.3 Other Opportunities
Grease Industry Segmentation
Grease is a solid or semisolid lubricant formed by the dispersion of thickening agents in a liquid lubricant. Grease generally consists of a soap emulsified with mineral or vegetable oil.
The grease market is segmented by thickener, end-user industry, and geography. By thickener, the market is segmented into lithium-based, calcium-based, aluminum-based, polyurea, and other thickeners. By end-user industry, the market is segmented into power generation, automotive and other transportation, heavy equipment, food and beverage, metallurgy and metalworking, chemical manufacturing, and other end-user industries. The report also covers the market size and forecasts for the grease market in 27 countries across major regions. For each segment, the market sizing and forecasts are done on the basis of volume (liters).
By Thickeners | Lithium-based | ||
Calcium-based | |||
Aluminium-based | |||
Polyurea | |||
Other Thickeners | |||
By End-user Industry | Power Generation | ||
Automotive and Other Transportation | |||
Heavy Equipment | |||
Food and Beverage | |||
Metallurgy and Metalworking | |||
Chemical Manufacturing | |||
Other End-user Industries | |||
By Geography | Asia-Pacific | China | |
India | |||
Japan | |||
South Korea | |||
Malaysia | |||
Thailand | |||
Indonesia | |||
Vietnam | |||
Rest of Asia-Pacific | |||
North America | United States | ||
Canada | |||
Mexico | |||
Europe | Germany | ||
United Kingdom | |||
France | |||
Italy | |||
Spain | |||
NORDIC Countries | |||
Turkey | |||
Russia | |||
Rest of Europe | |||
South America | Brazil | ||
Argentina | |||
Colombia | |||
Rest of South America | |||
Middle East and Africa | Saudi Arabia | ||
Qatar | |||
United Arab Emirates | |||
Nigeria | |||
Egypt | |||
South Africa | |||
Rest of Middle East and Africa |
Grease Market Research FAQs
How big is the Grease Market?
The Grease Market size is expected to reach 2.69 billion liters in 2025 and grow at a CAGR of 3.38% to reach 3.17 billion liters by 2030.
What is the current Grease Market size?
In 2025, the Grease Market size is expected to reach 2.69 billion liters.
Who are the key players in Grease Market?
Shell Plc, Exxon Mobil Corporation, FUCHS, Axel Christiernsson and BP p.l.c. are the major companies operating in the Grease Market.
Which is the fastest growing region in Grease Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Grease Market?
In 2025, the Asia Pacific accounts for the largest market share in Grease Market.
What years does this Grease Market cover, and what was the market size in 2024?
In 2024, the Grease Market size was estimated at 2.60 billion liters. The report covers the Grease Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Grease Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Grease Market Research
Mordor Intelligence provides a comprehensive analysis of the grease industry through detailed research. This research covers lubricating grease segments and applications. Our expertise spans the entire spectrum of industrial lubricants. We cover everything from lithium grease and calcium grease to synthetic grease and specialized formulations. The report offers in-depth insights into bearing grease applications, machinery grease requirements, and metalworking grease specifications. It also examines crucial developments in the automotive grease and marine grease sectors.
Stakeholders across the industrial lubricant market benefit from our thorough examination of equipment lubrication trends. We also explore emerging opportunities in mining grease and construction grease applications. The analysis encompasses specialty grease developments and lubricant industry trends, providing actionable insights for decision-makers. Our report, available as an easy-to-download PDF, includes detailed assessments of the marine grease market and regional market dynamics. This is supported by comprehensive data on supply chains and technological innovations in the lubricant market.