Industrial Grease Market
Industrial Grease Market Analysis by Mineral Oil, Synthetic Oil, Semi-synthetic Oil, and Bio-based for On-road Vehicles, Mining & Metallurgy, Off-highway & Construction, and Others from 2023 to 2033
Analysis of Industrial Grease Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Industrial Grease Market Outlook (2023 to 2033)
Based on the latest industry analysis by Fact.MR, the global industrial grease market size is pegged at US$ 2.12 billion in 2023 and is forecasted to expand at a CAGR of 5.5% to reach US$ 3.62 billion by the end of 2033.
Lubricants made for use in industrial machinery and equipment are known as industrial greases. They are solid or semi-solid substances made up of different additives, thickeners, and base oils. The thickener, usually a metallic soap, serves as a framework to hold the base oil in place while the base oil lubricates moving parts to reduce friction.
There are several applications of industrial greases, including mining, construction, automotive, manufacturing, power generation, and transportation. They are utilized in machinery that has bearings, gears, slides, chains, and other parts that need to be lubricated to limit wear, lower heat, and avoid damage. Demand for industrial greases is being driven by the rapid infrastructure development and the expanding industrial sector in emerging economies.
Rising industrialization in emerging economies has boosted the demand for machinery, thus driving the need for grease in the process. Technological advancements have resulted in specialized greases for harsh conditions. Awareness of equipment maintenance has grown substantially. Eco-friendly and biodegradable greases are preferred for sustainability purposes. The market is also growing due to technological advancements, equipment maintenance awareness, and sustainability concerns.
| Report Attributes | Details |
|---|---|
| Industrial Grease Market Size (2022A) | US$ 2.01 Billion |
| Estimated Market Value (2023E) | US$ 2.12 Billion |
| Forecasted Market Value (2033F) | US$ 3.62 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.5% CAGR |
| North America Market Share (2023) | 32.4% |
| United States Market Growth Rate (2023 to 2033) | 4.9% CAGR |
| Key Companies Profiled | Belray Company LLC; Texaco Inc.; ExxonMobil Corporation; Whitmore Manufacturing Company; Axel Christiernsson International AB; Dow Corning Corporation; Sinopec Lubricant Company; Royal Dutch Shell PLC; Others |
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Industrial Grease Consumption Analysis (2018 to 2022) vs. Market Predictions (2023 to 2033)
The market for industrial grease expanded at 4.7% CAGR between 2018 and 2022 and is forecasted to advance at a higher CAGR of 5.5% from 2023 to 2033, according to Fact.MR, a market research and competitive intelligence provider.
- Short Term (2023 to 2026): As a result of growing concerns about sustainable and eco-friendly lubrication solutions, the worldwide market is anticipated to undergo substantial changes in the near future.
- Medium Term (2026 to 2029): New additives and manufacturing techniques are projected to lead to the growth of the global market in the medium run. High-performance greases that can function in harsh situations, including high temperatures and high loads, are predicted to be introduced as a result of research into this area.
- Long Term (2029 to 2033): The transition to synthetic greases is forecasted to contribute to industrial grease market growth. As they function better than other greases, synthetic greases made with synthetic base oils are becoming more and more popular. Over time, these modifications are predicted to further fuel demand for industrial greases.
Why is Demand for Industrial Grease Rising Steadily Worldwide?
“Rapid Infrastructure Development Driving Need for Efficient Machinery Lubricants”
Need for industrial greases is being driven by ongoing industrialization and infrastructure development initiatives in different countries. The market is expanding as a result of the need for dependable lubrication solutions to maintain effective and seamless operations in the growing manufacturing, construction, mining, and other industrial sectors.
High-performance industrial greases are in high demand due to ongoing technological advancements in machinery and equipment. These greases offer better equipment protection, longer service lives, and increased efficiency since they are made to endure harsh environments, greater temperatures, and larger loads.
Market growth for lubricants for machines is being fueled by a rising consumer preference for synthetic greases, crafted with synthetic base oils. Synthetic variants outshine mineral oil-based counterparts, boasting enhanced oxidation resistance, wider temperature tolerance, superior thermal stability, and extended service intervals.
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What are the Factors Affecting the Stability of the Market?
“Volatility in Raw Material Prices across Regions”
Factors such as the price of crude oil, supply-demand dynamics, and geopolitical uncertainty can cause volatility in the prices of base oils, thickeners, and additives used in industrial greases. The stability of the market may be threatened by such price volatility for raw materials.
The market for industrial greases is very competitive, with many suppliers and manufacturers selling comparable goods. End-user price sensitivity can result in pricing pressure, which can hurt producers' profit margins and hinder the expansion of the market.
While some industries quickly adopt improved lubrication solutions, others may take longer because of factors such as customs, financial constraints, or a lack of awareness about the advantages of high-performance industrial greases. Potential market growth may be constrained by this slower adoption rate.
Country-wise Insights
What’s Attracting Industrial Grease Manufacturers to the United States?
“Increasing Machinery Complexity Necessitating Specialized Lubrication Solutions”
Sales of industrial grease in the United States are estimated at US$ 580.9 million in 2023
Need for industrial greases is largely driven by the manufacturing industry in the United States. Lubrication solutions are increasingly needed as manufacturing operations grow to keep machinery operating smoothly, lower friction, and stop wear and tear. Demand for industrial greases is fueled by the expansion of sectors like electronics, machinery, aircraft, and automotive.
The transportation industry, which includes trucking, railroads, ships, and airplanes, depends on a large number of pieces of equipment. For gears, bearings, and other parts in automobiles and transportation infrastructure to function smoothly, automobile lubricants are necessary. The transportation sector's need for industrial greases keeps growing due to the volume of commodities being moved and the expansion of the automotive industry.
Technological advancements have produced increasingly complex machinery and equipment, necessitating the use of specialist lubricant solutions. To satisfy the lubricating needs of cutting-edge machinery, industrial greases with enhanced performance capabilities such as resistance to high temperatures, protection from intense pressure, and extended service life are in demand.
How Fast is Demand for Industrial Greases Progressing in China?
“High Demand for Industrial Grease Due to Significant Investments in Infrastructure Projects”
The market for industrial lubricants in China is valued at US$ 667.8 million in the year 2023.
Ongoing industrialization in China has resulted in notable growth in manufacturing industries, including electronics, construction, equipment, and automobiles. These industries rely significantly on machinery and equipment, which need to be properly lubricated with industrial greases. The need for industrial lubrication rises in tandem with an increase in industrial activity, propelling market expansion.
China has been making significant investments in the construction of power plants, transportation networks, and other infrastructure. These projects call for machinery and equipment that are lubricated with industrial greases. China's rapid infrastructural development is one factor driving up demand for industrial greases. China is home to a large automotive market. Industrial greases are needed for several purposes in the nation's expanding automotive sector, such as bearings, chassis parts, and engine lubrication. The automobile industry's need for industrial greases is rising significantly as a result of China's growing auto production and sales.
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Category-wise Insights
Why Does Mineral Oil Occupy a Leading Share of the Market?
“Vital Role of Mineral-oil-based Grease in Preventing Micro-welding”
Under base oil type, the mineral oil segment of bearing lubrication has been calculated at a value of US$ 771.8 million for 2023.
Renowned for its excellent lubricating properties, mineral-oil-based grease finds widespread use in lubricating mechanical components like slides, gears, bearings, chains, and threaded connections. With various additives enhancing performance, these greases prevent micro-welding in threaded connections and seamlessly integrate with different grease thickening systems. As a result of their versatility and application diversity, mineral oil-based greases dominate a substantial market share.
What’s Leading to Extensive Use of Industrial Grease in the Manufacturing Sector?
“Heavy Reliance of Manufacturing Sector on Machinery”
Use of industrial grease in the manufacturing sector is estimated at a market value of US$ 992.3 million in 2023.
The manufacturing sector heavily relies on machinery, and effective lubrication is crucial for smooth operation and preventing wear. Industrial lubricants, essential for chains, slides, gears, and bearings, are in high demand due to extensive machinery use.
The continual growth and capacity expansion of the manufacturing sector drive the consumption of industrial greases. As industries increase production capacity, the demand for lubrication solutions, including industrial greases, rises proportionately to ensure optimal machine performance and productivity.
Preventive maintenance, facilitated by industrial greases, is vital for maximizing production efficiency, reducing downtime, and prolonging equipment life. Manufacturers recognize the cost-saving benefits of preventive maintenance, ensuring a perpetual demand for industrial greases.
Competition Landscape
Key industrial grease manufacturers are Belray Company LLC, Texaco Inc., ExxonMobil Corporation, Whitmore Manufacturing Company, Axel Christiernsson International AB, Dow Corning Corporation, Sinopec Lubricant Company, and Royal Dutch Shell PLC.
Various strategies are being adopted by industry players in the global market to sustain their competitive edge and drive growth. Businesses are funding R&D projects in an effort to launch cutting-edge, high-performing industrial greases. They concentrate on creating greases that are resistant to harsh environments, provide improved protection, and satisfy changing industry requirements. This aids companies in the market in differentiating their offerings and drawing in clients searching for cutting-edge lubricating solutions.
Companies in the market are diversifying their offerings to accommodate a wider range of uses and sectors. They create greases specifically designed to meet the lubricating needs of various equipment types, like chains, gears, and bearings. By using this tactic, businesses can reach a larger consumer base and satisfy the various needs of various industries.
Fact.MR has provided detailed information about the price points of key manufacturers of industrial grease positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report
Segmentation of Industrial Grease Market Research
-
By Base Oil :
- Mineral Oil
- Synthetic Oil
- Semi-synthetic Oil
- Bio-based
-
By End Use :
- On-road Vehicles
- Other Transportation Applications
- Mining & Metallurgy
- Off-highway & Construction
- Auto Manufacturing
- Other Manufacturing Applications
-
By Thickener Type :
- Simple Metal Soaps
- Non-soap Thickeners
- Complex Metal Soaps
-
By Region :
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Base Oil
- 7.1. Mineral Oil
- 7.2. Synthetic Oil
- 7.3. Semi-Synthetic Oil
- 7.4. Bio-Based
- 8. Global Market Analysis and Forecast, By End Use
- 8.1. Other Manufacturing
- 8.2. On-Road Vehicles
- 8.3. Other Transportation
- 8.4. Mining and Metallurgy
- 8.5. Off-Highway and Construction
- 8.6. Auto Manufacturing
- 9. Global Market Analysis and Forecast, By Thickener Type
- 9.1. Simple Metal Soaps
- 9.2. Non-Soap Thickener
- 9.3. Complex Metal Soaps
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. East Asia
- 10.4. South Asia & Pacific
- 10.5. Western Europe
- 10.6. Eastern Europe
- 10.7. Middle East & Africa
- 11. North America Market Analysis and Forecast
- 12. Latin America Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Pacific Protective Coatings Market Analysis and Forecast
- 15. Western Europe Protective Coatings Market Analysis and Forecast
- 16. Eastern Europe Protective Coatings Market Analysis and Forecast
- 17. Middle East & Africa Market Analysis and Forecast
- 18. Country-level Market Analysis and Forecast
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. Belray Company LLC
- 20.2. Texaco Inc.
- 20.3. Exxon Mobil Corporation
- 20.4. Whitmore Manufacturing Company
- 20.5. Axel Christiernsson International AB
- 20.6. Dow Corning Corporation
- 20.7. Sinopec Lubricant Company
- 20.8. Royal Dutch Shell plc
- 20.9. Other
- 21. Assumptions & Acronyms Used
- 22. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million), by Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 03. Global Market Volume (Tons), by Region, 2018 to 2022
Table 04. Global Market Volume (Tons) and Forecast by Region, 2023 to 2033
Table 05. Global Market Value (US$ million), By Base Oil , 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Base Oil , 2023 to 2033
Table 07. Global Market Volume (Tons), By Base Oil , 2018 to 2022
Table 08. Global Market Volume (Tons) and Forecast By Base Oil , 2023 to 2033
Table 09. Global Market Value (US$ million), By End Use, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast By End Use, 2023 to 2033
Table 11. Global Market Volume (Tons), By End Use, 2018 to 2022
Table 12. Global Market Volume (Tons) and Forecast By End Use, 2023 to 2033
Table 13. Global Market Value (US$ million), By Thickener Type , 2018 to 2022
Table 14. Global Market Value (US$ million) and Forecast By Thickener Type, 2023 to 2033
Table 15. Global Market Volume (Tons), By Thickener Type, 2018 to 2022
Table 16. Global Market Volume (Tons) and Forecast By Thickener Type, 2023 to 2033
Table 17. North America Market Value (US$ million), by Country, 2018 to 2022
Table 18. North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 19. North America Market Volume (Tons), by Country, 2018 to 2022
Table 20. North America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 21. North America Market Value (US$ million), By Base Oil , 2018 to 2022
Table 22. North America Market Value (US$ million) and Forecast By Base Oil , 2023 to 2033
Table 23. North America Market Volume (Tons), By Base Oil , 2018 to 2022
Table 24. North America Market Volume (Tons) and Forecast By Base Oil , 2023 to 2033
Table 25. North America Market Value (US$ million), By End Use, 2018 to 2022
Table 26. North America Market Value (US$ million) and Forecast By End Use, 2023 to 2033
Table 27. North America Market Volume (Tons), By End Use, 2018 to 2022
Table 28. North America Market Volume (Tons) and Forecast By End Use, 2023 to 2033
Table 29. North America Market Value (US$ million), By Thickener Type, 2018 to 2022
Table 30. North America Market Value (US$ million) and Forecast By Thickener Type, 2023 to 2033
Table 31. North America Market Volume (Tons), By Thickener Type, 2018 to 2022
Table 32. North America Market Volume (Tons) and Forecast By Thickener Type, 2023 to 2033
Table 33. Latin America Market Value (US$ million), by Country, 2018 to 2022
Table 34. Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 35. Latin America Market Volume (Tons), by Country, 2018 to 2022
Table 36. Latin America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 37. Latin America Market Value (US$ million), By Base Oil , 2018 to 2022
Table 38. Latin America Market Value (US$ million) and Forecast By Base Oil , 2023 to 2033
Table 39. Latin America Market Volume (Tons), By Base Oil , 2018 to 2022
Table 40. Latin America Market Volume (Tons) and Forecast By Base Oil , 2023 to 2033
Table 41. Latin America Market Value (US$ million), By End Use, 2018 to 2022
Table 42. Latin America Market Value (US$ million) and Forecast By End Use, 2023 to 2033
Table 43. Latin America Market Volume (Tons), By End Use, 2018 to 2022
Table 44. Latin America Market Volume (Tons) and Forecast By End Use, 2023 to 2033
Table 45. Latin America Market Value (US$ million), By Thickener Type, 2018 to 2022
Table 46. Latin America Market Value (US$ million) and Forecast By Thickener Type, 2023 to 2033
Table 47. Latin America Market Volume (Tons), By Thickener Type, 2018 to 2022
Table 48. Latin America Market Volume (Tons) and Forecast By Thickener Type, 2023 to 2033
Table 49. East Asia Market Value (US$ million), by Country, 2018 to 2022
Table 50. East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 51. East Asia Market Volume (Tons), by Country, 2018 to 2022
Table 52. East Asia Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 53. East Asia Market Value (US$ million), By Base Oil , 2018 to 2022
Table 54. East Asia Market Value (US$ million) and Forecast By Base Oil , 2023 to 2033
Table 55. East Asia Market Volume (Tons), By Base Oil , 2018 to 2022
Table 56. East Asia Market Volume (Tons) and Forecast By Base Oil , 2023 to 2033
Table 57. East Asia Market Value (US$ million), By End Use, 2018 to 2022
Table 58. East Asia Market Value (US$ million) and Forecast By End Use, 2023 to 2033
Table 59. East Asia Market Volume (Tons), By End Use, 2018 to 2022
Table 60. East Asia Market Volume (Tons) and Forecast By End Use, 2023 to 2033
Table 61. South Asia & Pacific Market Value (US$ million), by Country, 2018 to 2022
Table 62. South Asia & Pacific Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 63. South Asia & Pacific Market Volume (Tons), by Country, 2018 to 2022
Table 64. South Asia & Pacific Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 65. South Asia & Pacific Market Value (US$ million), By Base Oil , 2018 to 2022
Table 66. South Asia & Pacific Market Value (US$ million) and Forecast By Base Oil , 2023 to 2033
Table 67. South Asia & Pacific Market Volume (Tons), By Base Oil , 2018 to 2022
Table 68. South Asia & Pacific Market Volume (Tons) and Forecast By Base Oil , 2023 to 2033
Table 69. South Asia & Pacific Market Value (US$ million), By End Use, 2018 to 2022
Table 70. South Asia & Pacific Market Value (US$ million) and Forecast By End Use, 2023 to 2033
Table 71. South Asia & Pacific Market Volume (Tons), By End Use, 2018 to 2022
Table 72. South Asia & Pacific Market Volume (Tons) and Forecast By End Use, 2023 to 2033
Table 73. South Asia & Pacific Market Value (US$ million), By Thickener Type, 2018 to 2022
Table 74. South Asia & Pacific Market Value (US$ million) and Forecast By Thickener Type, 2023 to 2033
Table 75. South Asia & Pacific Market Volume (Tons), By Thickener Type, 2018 to 2022
Table 76. South Asia & Pacific Market Volume (Tons) and Forecast By Thickener Type, 2023 to 2033
Table 77. Western Europe Market Value (US$ million), by Country, 2018 to 2022
Table 78. Western Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 79. Western Europe Market Volume (Tons), by Country, 2018 to 2022
Table 80. Western Europe Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 81. Western Europe Market Value (US$ million), By Base Oil , 2018 to 2022
Table 82. Western Europe Market Value (US$ million) and Forecast By Base Oil , 2023 to 2033
Table 83. Western Europe Market Volume (Tons), By Base Oil , 2018 to 2022
Table 84. Western Europe Market Volume (Tons) and Forecast By Base Oil , 2023 to 2033
Table 85. Western Europe Market Value (US$ million), By End Use, 2018 to 2022
Table 86. Western Europe Market Value (US$ million) and Forecast By End Use, 2023 to 2033
Table 87. Western Europe Market Volume (Tons), By End Use, 2018 to 2022
Table 88. Western Europe Market Volume (Tons) and Forecast By End Use, 2023 to 2033
Table 89. Western Europe Market Value (US$ million), By Thickener Type, 2018 to 2022
Table 90. Western Europe Market Value (US$ million) and Forecast By Thickener Type, 2023 to 2033
Table 91. Western Europe Market Volume (Tons), By Thickener Type, 2018 to 2022
Table 92. Western Europe Market Volume (Tons) and Forecast By Thickener Type, 2023 to 2033
Table 93. Eastern Europe Market Value (US$ million), by Country, 2018 to 2022
Table 94. Eastern Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 95. Eastern Europe Market Volume (Tons), by Country, 2018 to 2022
Table 96. Eastern Europe Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 97. Eastern Europe Market Value (US$ million), By Base Oil , 2018 to 2022
Table 98. Eastern Europe Market Value (US$ million) and Forecast By Base Oil , 2023 to 2033
Table 99. Eastern Europe Market Volume (Tons), By Base Oil , 2018 to 2022
Table 100. Eastern Europe Market Volume (Tons) and Forecast By Base Oil , 2023 to 2033
Table 101. Eastern Europe Market Value (US$ million), By End Use, 2018 to 2022
Table 102. Eastern Europe Market Value (US$ million) and Forecast By End Use, 2023 to 2033
Table 103. Eastern Europe Market Volume (Tons), By End Use, 2018 to 2022
Table 104. Eastern Europe Market Volume (Tons) and Forecast By End Use, 2023 to 2033
Table 105. Eastern Europe Market Value (US$ million), By Thickener Type, 2018 to 2022
Table 106. Eastern Europe Market Value (US$ million) and Forecast By Thickener Type, 2023 to 2033
Table 107. Eastern Europe Market Volume (Tons), By Thickener Type, 2018 to 2022
Table 108. Eastern Europe Market Volume (Tons) and Forecast By Thickener Type, 2023 to 2033
Table 109. MEA Market Value (US$ million), by Country, 2018 to 2022
Table 110. MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 111. MEA Market Volume (Tons), by Country, 2018 to 2022
Table 112. MEA Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 113. MEA Market Value (US$ million), By Base Oil , 2018 to 2022
Table 114. MEA Market Value (US$ million) and Forecast By Base Oil , 2023 to 2033
Table 115. MEA Market Volume (Tons), By Base Oil , 2018 to 2022
Table 116. MEA Market Volume (Tons) and Forecast By Base Oil , 2023 to 2033
Table 117. MEA Market Value (US$ million), By End Use, 2018 to 2022
Table 118. MEA Market Value (US$ million) and Forecast By End Use, 2023 to 2033
Table 119. MEA Market Volume (Tons), By End Use, 2018 to 2022
Table 120. MEA Market Volume (Tons) and Forecast By End Use, 2023 to 2033
Table 121. MEA Market Value (US$ million), By Thickener Type, 2018 to 2022
Table 122. MEA Market Value (US$ million) and Forecast By Thickener Type, 2023 to 2033
Table 123. MEA Market Volume (Tons), By Thickener Type, 2018 to 2022
Table 124. MEA Market Volume (Tons) and Forecast By Thickener Type, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Tons) by Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Tons) By Base Oil , 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Base Oil , 2023 to 2033
Figure 07. Global Market Value (US$ million) and Volume (Tons) By End Use, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By End Use, 2023 to 2033
Figure 09. Global Market Value (US$ million) and Volume (Tons) By Thickener Type , 2023 & 2033
Figure 10. Global Market Y-o-Y Growth Rate By Thickener Type, 2023 to 2033
Figure 11. North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 12. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 13. North America Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Tons) By Base Oil , 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By Base Oil , 2023 to 2033
Figure 17. North America Market Value (US$ million) and Volume (Tons) By End Use, 2023 & 2033
Figure 18. North America Market Y-o-Y Growth Rate By End Use, 2023 to 2033
Figure 19. North America Market Value (US$ million) and Volume (Tons) By Thickener Type , 2023 & 2033
Figure 20. North America Market Y-o-Y Growth Rate By Thickener Type, 2023 to 2033
Figure 21. North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 22. North America Market Attractiveness Analysis By Base Oil , 2023 to 2033
Figure 23. North America Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 24. North America Market Attractiveness Analysis By Thickener Type, 2023 to 2033
Figure 25. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 26. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 27. Latin America Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 28. Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 29. Latin America Market Value (US$ million) and Volume (Tons) By Base Oil , 2023 & 2033
Figure 30. Latin America Market Y-o-Y Growth Rate By Base Oil , 2023 to 2033
Figure 31. Latin America Market Value (US$ million) and Volume (Tons) By End Use, 2023 & 2033
Figure 32. Latin America Market Y-o-Y Growth Rate By End Use, 2023 to 2033
Figure 33. Latin America Market Value (US$ million) and Volume (Tons) By Thickener Type , 2023 & 2033
Figure 34. Latin America Market Y-o-Y Growth Rate By Thickener Type, 2023 to 2033
Figure 35. Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 36. Latin America Market Attractiveness Analysis By Base Oil , 2023 to 2033
Figure 37. Latin America Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 38. Latin America Market Attractiveness Analysis By Thickener Type, 2023 to 2033
Figure 39. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 40. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 41. East Asia Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 42. East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 43. East Asia Market Value (US$ million) and Volume (Tons) By Base Oil , 2023 & 2033
Figure 44. East Asia Market Y-o-Y Growth Rate By Base Oil , 2023 to 2033
Figure 45. East Asia Market Value (US$ million) and Volume (Tons) By End Use, 2023 & 2033
Figure 46. East Asia Market Y-o-Y Growth Rate By End Use, 2023 to 2033
Figure 47. East Asia Market Value (US$ million) and Volume (Tons) By Thickener Type , 2023 & 2033
Figure 48. East Asia Market Y-o-Y Growth Rate By Thickener Type, 2023 to 2033
Figure 49. East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 50. East Asia Market Attractiveness Analysis By Base Oil , 2023 to 2033
Figure 51. East Asia Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 52. East Asia Market Attractiveness Analysis By Thickener Type, 2023 to 2033
Figure 53. South Asia & Pacific Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 54. South Asia & Pacific Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55. South Asia & Pacific Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 56. South Asia & Pacific Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 57. South Asia & Pacific Market Value (US$ million) and Volume (Tons) By Base Oil , 2023 & 2033
Figure 58. South Asia & Pacific Market Y-o-Y Growth Rate By Base Oil , 2023 to 2033
Figure 59. South Asia & Pacific Market Value (US$ million) and Volume (Tons) By End Use, 2023 & 2033
Figure 60. South Asia & Pacific Market Y-o-Y Growth Rate By End Use, 2023 to 2033
Figure 61. South Asia & Pacific Market Value (US$ million) and Volume (Tons) By Thickener Type, 2023 & 2033
Figure 62. South Asia & Pacific Market Y-o-Y Growth Rate By Thickener Type, 2023 to 2033
Figure 63. South Asia & Pacific Market Attractiveness Analysis by Country, 2023 to 2033
Figure 64. South Asia & Pacific Market Attractiveness Analysis By Base Oil , 2023 to 2033
Figure 65. South Asia & Pacific Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 66. South Asia & Pacific Market Attractiveness Analysis By Thickener Type, 2023 to 2033
Figure 67. Western Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 68. Western Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 69. Western Europe Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 70. Western Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 71. Western Europe Market Value (US$ million) and Volume (Tons) By Base Oil , 2023 & 2033
Figure 72. Western Europe Market Y-o-Y Growth Rate By Base Oil, 2023 to 2033
Figure 73. Western Europe Market Value (US$ million) and Volume (Tons) By End Use, 2023 & 2033
Figure 74. Western Europe Market Y-o-Y Growth Rate By End Use, 2023 to 2033
Figure 75. Western Europe Market Value (US$ million) and Volume (Tons) By Thickener Type, 2023 & 2033
Figure 76. Western Europe Market Y-o-Y Growth Rate By Thickener Type, 2023 to 2033
Figure 77. Western Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 78. Western Europe Market Attractiveness Analysis By Base Oil , 2023 to 2033
Figure 79. Western Europe Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 80. Western Europe Market Attractiveness Analysis By Thickener Type, 2023 to 2033
Figure 81. Eastern Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 82. Eastern Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 83. Eastern Europe Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 84. Eastern Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 85. Eastern Europe Market Value (US$ million) and Volume (Tons) By Base Oil , 2023 & 2033
Figure 86. Eastern Europe Market Y-o-Y Growth Rate By Base Oil, 2023 to 2033
Figure 87. Eastern Europe Market Value (US$ million) and Volume (Tons) By End Use, 2023 & 2033
Figure 88. Eastern Europe Market Y-o-Y Growth Rate By End Use, 2023 to 2033
Figure 89. Eastern Europe Market Value (US$ million) and Volume (Tons) By Thickener Type, 2023 & 2033
Figure 90. Eastern Europe Market Y-o-Y Growth Rate By Thickener Type, 2023 to 2033
Figure 91. Eastern Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 92. Eastern Europe Market Attractiveness Analysis By Base Oil , 2023 to 2033
Figure 93. Eastern Europe Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 94. Eastern Europe Market Attractiveness Analysis By Thickener Type, 2023 to 2033
Figure 95. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 96. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 97. MEA Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 98. MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 99. MEA Market Value (US$ million) and Volume (Tons) By Base Oil , 2023 & 2033
Figure 100. MEA Market Y-o-Y Growth Rate By Base Oil , 2023 to 2033
Figure 101. MEA Market Value (US$ million) and Volume (Tons) By End Use, 2023 & 2033
Figure 102. MEA Market Y-o-Y Growth Rate By End Use, 2023 to 2033
Figure 103. MEA Market Value (US$ million) and Volume (Tons) By Thickener Type, 2023 & 2033
Figure 104. MEA Market Y-o-Y Growth Rate By Thickener Type, 2023 to 2033
Figure 105. MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 106. MEA Market Attractiveness Analysis By Base Oil , 2023 to 2033
Figure 107. MEA Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 108. MEA Market Attractiveness Analysis By Thickener Type, 2023 to 2033
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- FAQs -
What was the size of the global industrial grease market in 2022?
The global industrial grease market was valued at US$ 2.01 billion in 2022.
At what rate did the demand for industrial grease grow from 2018 to 2022?
Demand for industrial grease advanced at 4.7% CAGR from 2018 to 2022.
Which industries use the most grease?
High volumes of industrial grease are used for transportation, mining & metallurgy, off-highway & construction, and manufacturing purposes.
How big is the industrial grease market in 2023?
The market for industrial lubricants is valued at US$ 2012 billion in 2023.
What is the projected market valuation for 2033?
The market is forecasted to reach US$ 3.62 billion by 2033-end.
What is the demand growth projection for mineral-oil-based greases?
Demand for mineral-oil-based greases is forecasted to increase at 5.8% CAGR through 2033.
What is the predicted valuation of the market in China by 2033-end?
The market in China is predicted to reach US$ 665.7 million by the end of 2033.
Industrial Grease Market