Global Grease market expected to record a CAGR of ~5% during the forecast period (2017-2028): Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit What Is The Size Of Global Grease Industry? Global Grease market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Grease Market is largely driven by increased automation in multiple industries and rising demand from the automotive sector. Rising demand from the automotive sector is one of the key factors driving the grease market. Grease is used in vehicles for suspension, chassis, arm-shafts, u-joints, and others. As per the International Organization of Motor Vehicle Manufacturers, an organization working in the interest of vehicle manufacturer and assemblers, stated that vehicle production increased by 3% from 2020 to 2021 after declining by 13% from 2019 to 2020. Automotive is the largest end-user of grease, increasing demand for vehicles will directly help the grease market. The grease used in heavy equipment, wind power, aerospace, and food industry is specifically manufactured and graded by companies. As per International Air Transportation Association (IATA), a trade association for the world’s airlines, mentioned in the fact sheet for June 2022, cargo aerospace revenue is US$ 100.08 billion and is estimated to grow by US$191 billion from 2019 to 2022. Furthermore, Environmental concern is one of the major challenges for the grease market as waste material is discharged to the nearby waterbodies. For instance, the Lubricating Oil and Greases Order, 1987 is an act passed in India which overlooks the restrictions imposed on the processing and storing of greases and lubricating oils. For more information, request a free sample Global Grease Market By Thickener The Global Grease market is segmented by Thickener into Metallic Soap, Non-Soap and Inorganic. Metallic soap holds the largest share of the Global Grease market in 2022. Metallic soap thickener greases used in multiple industries such as automotive, manufacturing, steel, marine, construction, and others. Sodium hydroxide, lithium hydroxide, and other materials are mixed with organic fatty acids in the oil and heated to prepare metallic greases. Metallic soap is the most common type of thickener used in the industry. There are multiple varieties of metallic soap greases are available in the market such as lithium, calcium, aluminum, and others. Global Grease Market By Base Oil The Global Grease Market is segmented by Base Oil into Mineral Oil, Synthetic Oil and Bio-Based Oil. Mineral oil segment accounted for the largest market share in 2022, as it used for multiple applications such as bearings, chains, gears, slides, and threaded connections. According to Enerdata, an energy intelligence company, stated in a report that global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020. In 2021, as stated by Enerdata, the US crude oil production (17% of global output) increased by 1.3%. Increased production of crude oil is likely to propel the growth for mineral oil. Global Grease Market By End-User The Global Grease market is segmented by End-User into Automotive, Power Generation, Food & Beverages, Aerospace, Chemical Manufacturing and Mining and Metals. Automation and transportation dominated the end-user segment in 2022, as grease is used in lubrication of suspension, chassis, arm-shafts, u-joints, and others. According to the Organization of Vehicle Manufacturers (OICA), China was the largest producer of motor vehicles with 26 million units in 2021, an increase of 3% from 2020. India was the second largest producer of motor vehicles in the Asia Pacific with 4.4 million units in 2021, with an increase of 30% from 2020. Visit this Link Request for custom report Key Topics Covered in the Report Snapshot of Global Grease Market Industry Value Chain and Ecosystem Analysis Market size and Segmentation of the Global Grease Market Historic Growth of Overall Global Grease Market and Segments Competition Scenario of the Market and Key Developments of Competitors Porter’s 5 Forces Analysis of Global Grease Industry Overview, Product Offerings, and Strength & Weakness of Key Competitors Covid 19 Impact on the Overall Global Grease Market Future Market Forecast and Growth Rates of the Total Global Grease Market and by Segments Market Size of Application / End User Segments with Historical CAGR and Future Forecasts Analysis of Global Grease Market Major Production/Supply and Consumption/Demand Hubs in Each Major Region Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments Overview of Notable Emerging Competitor Companies within Each Major Continent Key Profiled Companies Mentioned in the Report Castrol Royal Dutch Exxon Mobil Eni Chevron Corporation FUCHS PETROLUB SE Sinopec Corporation Total Energy ENEOS Corporation Phillips 66 CITGO Indian Oil Corporation Ltd. Notable Emerging Companies Mentioned in the Report Inzin GreaseBoss Bansal Oil and Lubricants Co. Henan Dongsen Lubrication Technology Co., Ltd. Ganga Sagar Trading Co. Continental Oils & Lubricants FZE Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report Grease Manufacturing Companies Grease Distributors Grease Traders Grease Material Supplier Companies Potential Investors in Grease Companies Lubrication Association Grease Association Oil and Lubrication Sector Lubrication Manufacturing Companies Research & Development Institutes Government Investors Consulting companies in the lubrication sector Grease component providers Non-Soap and Metallic Soap component manufacturers Government and research organizations Investment banks Investors and financial community professionals Investment Funds Time Period Captured in the Report Historical Period: 2017-2021 Forecast Period: 2022-2028F For More Information on the Research Report, refer to below links: – Global Grease Market Tags: Africa Grease Market Outlook, Asia Pacific Grease Market, Bio-Based Oil Grease Market, Castrol India Synthetic Grease Market share, Competition in Grease Market Companies, Consulting companies in the lubrication sector, Emerging Companies in Grease Market, Eni Lithium Complex Grease Market Analysis, Europe Grease Market Analysis, Exxon Mobil Polyrex Series Grease Market, Global Aerospace Grease Market, Global Automotive Grease Market, Global Chemical Grease Market, Global Food Grade Grease Market, Global Grease Industry, Global Grease Manufacturing Companies, Global Grease Market, Global Grease Market Demand, Global Grease Market End Users, Global lubricant Market, Global lubrication Market, Global Power Generation Grease Market, Global Transportation Grease Market, Global Wheel Bearing Grease Market, Government and research organizations, Grease Companies Analysis, Grease component providers, Grease Distributors Companies Globally, Grease Material Supplier Companies, Heavy Equipment Grease Market, Industrial Grease Manufacturers, Inorganic Thickener Grease Market, Investment banks in Grease Companies, Investors in Grease Companies, IOCL Food Grade Grease Market Growth, Key Competitors in Grease Market, LAMEA Grease Market Growth, Latin America Grease Market, Leading Players in Grease Market, Lubrication Manufacturing Companies, Major Companies in Grease Market, Metallic Soap Thickener Grease Market, Middle East Grease Market, Mineral Oil Grease Market, Non-Soap and Metallic Soap component manufacturers, Non-Soap Thickener Grease Market, North America Grease Market, Phillips Polyurea Grease Market, Potential Investors in Grease Companies, Royal Dutch Industrial Greases Market Revenue, Synthetic Oil Grease Market, Top Grease Market Companies, Total Energy Grease Market Revenue