Grease Market

Grease Market by Base Oil (Mineral, Synthetic, Bio-based), Thickener Type (Metallic Soap, Non-soap, Inorganic), And End-use Industry (Automotive, General Manufacturing, Construction, Metal, Mining, Agriculture, Power) - Global Forecast to 2027

Report Code: CH 4269 Nov, 2022, by marketsandmarkets.com

[311 Pages Report] The global grease market size is projected to reach USD 6.9 billion by 2027 from USD 5.8 billion in 2022, at a CAGR of 3.6%. Rapid industrialization in Asia Pacific and the Middle East & Africa post COVID-19, coupled with the rise in process automation in most of the industries and the gradual increase in number of vehicles on-road are key factors expected to drive the global grease industry during the forecast period. Furthermore, leveraging E-commerce industry to increase customer reach and rising trend of polyurea grease over lithium grease act as an opportunity for the market growth. However, bleeding of base oil from grease and regreasing intervals not followed in developing countries are the major challenges in the grease market.

Grease Market

e-estimated, p-projected

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Market Dynamics

Driver: Rise in automation in various industries

Automation is the use of equipment and technology to automate production processes or systems to boost the efficiency by reducing manual labor. As automation increases, mechanical parts are constantly under motion and load, which asks for a high lubrication requirement for the equipment to work efficiently and properly without any failures. Manufacturing, mining, and construction are some of the industries that use numerous heavy-load equipment, that require regular grease lubrication. The increasing cost of workforce and safety requirements is also driving the demand for process automation. Hence, most companies are automating their operations which is driving the grease market.

Restraint: Lithium supply shortage

EVs are rapidly gaining a mainstream market globally. Lithium is the key element/ingredient in EV batteries. Hugh lithium demand is generated to manufacture lithium batteries in EVs which impacts the use of lithium in greases. As automotive is the largest end-use industry of grease, the adoption of EVs in the global market will significantly impact the grease market.

Opportunity: Leveraging E-commerce industry to increase customer reach

E-commerce is an internet platform where manufacturers and sellers can directly sell their grease products without involving any shop, dealer, or distributor. This platform helps the manufacturers of grease to cut down the value chain and improve their margins. Several grease manufacturing companies also started to leverage this revolutionary virtual marketplace to gain a customer base using digital market techniques and online campaigns.

“Synthetic oil segment to witness the fastest growth, in terms of value, during the forecast period”

Due to its lower price and widespread availability, mineral oil makes up the largest share of the global grease market. However, the synthetic oil is anticipated to grow at the highest CAGR during the forecast period because of its superior qualities.

“Metallic soap is projected to be the largest thickener type segment, in terms of value, during the forecast period”

Based on thickener type, metallic soap dominated the global grease market, in terms of value and volume, in 2021. High operational temperature range, oxidative stability, and widespread applications are the key factors driving the metallic soap thickener segment of the grease market. In addition, it finds its major application specially in passenger vehicles in automotive industry.

“Automotive is projected to be the largest end-use industry, in terms of value, during the forecast period”

The large market share in the automotive segment is attributed to high grease consumption in passenger vehicles. Durability and smooth running of vehicles entail consistent use of grease. The commercial vehicles and passenger vehicles are responsible for the growing demand for high-performance grease in this industry. The grease market in Europe is at a mature stage; hence, the demand is estimated to grow at a moderate rate.

“Asia Pacific to account for the largest share of the global grease market, in terms of value, during the forecast period”

In terms of volume and value, Asia Pacific is projected to hold the largest share of the global grease market throughout the forecast period. According to projections, the region will be a prime location for the grease business due to its growing population, expanding industrial investment, and the development of its infrastructure in the developing markets of China, India, and Japan.

Grease Market by Region

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Key Market Players

The key market players profiled in the report include Shell plc (Netherlands), Exxon Mobil Corporation  (US), BP p.l.c. (UK), Chevron Corporation (US), TotalEnergies SE (France), Sinopec Group (China), Idemitsu Kosan Co., Ltd. (Japan), FUCHS Petrolub SE (Germany), Valvoline LLC (US), and Petronas (Malaysia).

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Scope of the Report

Report Metric

Details

Years considered for the study

2017-2027

Base Year Considered

2021

Forecast period

2022–2027

Units considered

Value (USD), Volume (Kiloton)

Segments covered

Base oil, Thickener Type, End-Use Industry, and Region

Regions covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies profiled

Shell plc (Netherlands), Exxon Mobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), TotalEnergies SE (France), Idemitsu Kosan Co., Ltd. (Japan), Sinopec Group (China), FUCHS Petrolub SE (Germany), Valvoline (US), Petronas (Malaysia), and others

This report categorizes the global grease market based on base oil, thickener type, end-use industry, and region.

Based on base oil:
  • Mineral Oil
  • Synthetic Oil
  • PAO
  • PAG
  • Esters
  • Group III (Hydrocracking)
  • Bio-based Oil
Based on thickener type:
  • Metallic Soap
    • Lithium
    • Calcium
    • Aluminium
    • Sodium
    • Others
  • Non-soap (Polyurea)
  • Inorganic
    • Clay
    • Silica
  • Others
Based on the End-Use Industry:
  • Automotive
  • Construction
  • General Manufacturing
  • Metal Production
  • Mining
  • Power Generation
  • Agriculture
  • Others
    • Textile
    • Food & Beverage
    • Oil & Gas
    • Marine
    • Packaging
Based on the region:
  • Asia Pacific
  • North America
  • Europe
  • Middle East & Arica
  • South America

Recent Development

  • In October 2022, TotalEnergies SE and Valeo have announced an agreement to develop an innovative method for cooling electric vehicle batteries using a new high-performance dielectric liquid. This innovation not only improves the use of electric vehicles, but also reduces the carbon footprint.
  • In December 2021, TotalEnergies Marketing & Services Australia announced a new partnership with Mitsubishi Motors Australia Limited to launch the latest Mitsubishi Genuine Oil Program. The partnership is based on the common goals and provides integrated solutions with a focus on innovation, advanced technology, sustainability, and customer experience.
  • In October 2021, TotalEnergies Specialties USA partnered with Hyperfuels to market the full range of TotalEnergies automotive lubricants nationwide.
  • In January 2021, Shell plc has announced a joint venture with Whitmore Manufacturing to offer multi-sector expertise, advanced equipment technologies & services, and an integrated product portfolio of all kinds of lubricants that meets the unique needs of companies engaged in North America.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 40)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 GREASE MARKET: INCLUSIONS AND EXCLUSIONS
           1.2.2 GREASE MARKET DEFINITION AND INCLUSIONS, BY BASE OIL
           1.2.3 GREASE MARKET DEFINITION AND INCLUSIONS, BY THICKENER TYPE
           1.2.4 GREASE MARKET DEFINITION AND INCLUSIONS, BY END-USE INDUSTRY
    1.3 MARKET SCOPE
          FIGURE 1 GREASE MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 46)
    2.1 RESEARCH DATA
          FIGURE 2 GREASE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE SHARE OF TOP PLAYERS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM-UP (DEMAND SIDE)
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 4 – TOP-DOWN
                    FIGURE 7 BASE MARKET CALCULATION AND VALIDATION APPROACH USING PARENT MARKET (2021)
    2.3 DATA TRIANGULATION
          FIGURE 8 GREASE MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
           2.4.1 SUPPLY SIDE
                    FIGURE 9 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE
           2.4.2 DEMAND SIDE
                    FIGURE 10 MARKET GROWTH PROJECTIONS FROM DEMAND SIDE: DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS
    2.6 ASSUMPTIONS
    2.7 LIMITATIONS
    2.8 RISK ASSESSMENT
          TABLE 1 GREASE MARKET: RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 56)
    FIGURE 11 MINERAL OIL-BASED GREASE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE
    FIGURE 12 AUTOMOTIVE TO LEAD GREASE MARKET DURING FORECAST PERIOD
    FIGURE 13 METALLIC SOAP THICKENER TO LEAD GREASE MARKET DURING FORECAST PERIOD
    FIGURE 14 ASIA PACIFIC DOMINATES GREASE MARKET

4 PREMIUM INSIGHTS (Page No. - 60)
    4.1 ATTRACTIVE OPPORTUNITIES IN GREASE MARKET
          FIGURE 15 GROWING CONSTRUCTION INDUSTRY TO DRIVE GREASE MARKET DURING FORECAST PERIOD
    4.2 GREASE MARKET SIZE, BY REGION
          FIGURE 16 ASIA PACIFIC TO BE LARGEST MARKET FOR GREASE DURING FORECAST PERIOD
    4.3 ASIA PACIFIC: GREASE MARKET, BY END-USE INDUSTRY AND COUNTRY, 2021
          FIGURE 17 CHINA DOMINATED GREASE MARKET IN ASIA PACIFIC
    4.4 GREASE MARKET SIZE, BY END-USE INDUSTRY
          FIGURE 18 AUTOMOTIVE TO BE LARGEST END USER OF GREASE
    4.5 GREASE MARKET SIZE, BASE OIL VS. REGION
          FIGURE 19 MINERAL OIL LEADING OVERALL MARKET ACROSS REGIONS
    4.6 GREASE MARKET SIZE, BY THICKENER TYPE
          FIGURE 20 METALLIC SOAP THICKENER TO BE LARGEST SEGMENT IN OVERALL MARKET
    4.7 GREASE MARKET, BY KEY COUNTRIES
          FIGURE 21 INDIA TO REGISTER HIGHEST CAGR BETWEEN 2022 AND 2027

5 MARKET OVERVIEW (Page No. - 64)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 22 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN GREASE MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rise in automation in various industries
                    5.2.1.2 Lower crude oil prices to benefit grease suppliers after COVID-19
                                FIGURE 23 GLOBAL CRUDE OIL PRICES (2005–2020)
                    5.2.1.3 Improved quality of grease
           5.2.2 RESTRAINTS
                    5.2.2.1 Lithium supply shortage
                    5.2.2.2 Lack of proper training and product awareness
                    5.2.2.3 Production of electric and hybrid vehicles
                                FIGURE 24 GLOBAL ELECTRIC VEHICLE (EV) SALES (2010–2020)
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Leveraging e-commerce industry to increase customer reach
                    5.2.3.2 Rising trend of polyurea grease over simple lithium grease
           5.2.4 CHALLENGES
                    5.2.4.1 Bleeding of base oil from grease
                    5.2.4.2 Regreasing intervals not followed in emerging economies
    5.3 PORTER’S FIVE FORCES ANALYSIS
          FIGURE 25 GREASE MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 2 GREASE MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 KEY STAKEHOLDERS & BUYING CRITERIA
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 3 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.4.2 BUYING CRITERIA
                    FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 4 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.5 MACROECONOMIC INDICATORS
           5.5.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
                    TABLE 5 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES, 2019–2027 (USD BILLION)
           5.5.2 AUTOMOTIVE INDUSTRY
                    TABLE 6 VEHICLE PRODUCTION, BY MAJOR COUNTRY (UNITS)
           5.5.3 POWER GENERATION
                    TABLE 7 ELECTRICITY GENERATION, BY MAJOR COUNTRY/REGION (TERAWATT-HOURS)
                    FIGURE 28 ELECTRICITY GENERATION FROM COAL, BY REGION
                    FIGURE 29 OFFSHORE & ONSHORE WIND CAPACITY OUTLOOK (2018, 2030, AND 2050)
                    FIGURE 30 ELECTRICITY GENERATION FROM HYDROELECTRIC SOURCE, BY REGION
                    FIGURE 31 ELECTRICITY GENERATION FROM NATURAL GAS, BY REGION
                    TABLE 8 KEY WIND POWER PROJECTS SCHEDULED TO BE COMPLETED IN NEXT 10–20 YEARS AND ANNOUNCEMENTS
           5.5.4 MANUFACTURING INDUSTRY
                    TABLE 9 MANUFACTURING GDP, BY MAJOR ECONOMY (USD BILLION)
           5.5.5 MINING INDUSTRY
                    TABLE 10 MINING PRODUCTION, BY MAJOR ECONOMY (METRIC TONS)
                    TABLE 11 UPCOMING MINING PROJECTS
           5.5.6 AGRICULTURE INDUSTRY
                    FIGURE 32 MECHANIZATION RATE & CONTRIBUTION OF AGRICULTURE TO GDP OF MAJOR ECONOMIES, 2019–2035

6 INDUSTRY TRENDS (Page No. - 82)
    6.1 SUPPLY CHAIN ANALYSIS
          FIGURE 33 GREASE MARKET: SUPPLY CHAIN
           6.1.1 RAW MATERIALS
           6.1.2 MANUFACTURERS
           6.1.3 DISTRIBUTION NETWORK
           6.1.4 END-USE INDUSTRIES
    6.2 GREASE MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          FIGURE 34 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          TABLE 12 GREASE MARKET FORECAST SCENARIO, 2019–2027 (USD MILLION)
           6.2.1 NON-COVID-19 SCENARIO
           6.2.2 OPTIMISTIC SCENARIO
           6.2.3 PESSIMISTIC SCENARIO
           6.2.4 REALISTIC SCENARIO
    6.3 PRICING ANALYSIS
           6.3.1 AVERAGE SELLING PRICES OF KEY PLAYERS, BY APPLICATION
                    FIGURE 35 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP THREE APPLICATIONS
                    TABLE 13 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP THREE APPLICATIONS (USD/KG)
           6.3.2 AVERAGE SELLING PRICE, BY REGION
                    FIGURE 36 AVERAGE SELLING PRICE OF GREASE, BY REGION (USD/KG)
                    TABLE 14 AVERAGE SELLING PRICE OF GREASE, BY REGION (USD/KG)
    6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           6.4.1 REVENUE SHIFTS & REVENUE POCKETS FOR GREASE MARKET
                    FIGURE 37 REVENUE SHIFT FOR GREASE MARKET
    6.5 CONNECTED MARKETS: ECOSYSTEM
          TABLE 15 GREASE MARKET: ECOSYSTEM
          FIGURE 38 GREASE MARKET: ECOSYSTEM
    6.6 CASE STUDY ANALYSIS
           6.6.1 CASE STUDY ON FUCHS PETROLUB SE
                    TABLE 16 BENEFITS OF NYOGEL 760G
           6.6.2 CASE STUDY ON FUCHS PETROLUB SE
    6.7 TRADE DATA STATISTICS
           6.7.1 IMPORT SCENARIO OF GREASE
                    FIGURE 39 IMPORT OF GREASE, BY KEY COUNTRIES (2016–2021)
                    TABLE 17 IMPORT OF GREASE, BY REGION, 2016–2021 (USD MILLION)
           6.7.2 EXPORT SCENARIO OF GREASE
                    FIGURE 40 EXPORT OF GREASE, BY KEY COUNTRIES (2016–2021)
                    TABLE 18 EXPORT OF GREASE, BY REGION, 2016–2021 (USD MILLION)
    6.8 REGULATORY LANDSCAPE
           6.8.1 REGULATIONS RELATED TO GREASE
    6.9 KEY CONFERENCES & EVENTS IN 2022–2023
          TABLE 19 GREASE MARKET: LIST OF CONFERENCES & EVENTS, 2022–2023
    6.10 PATENT ANALYSIS
           6.10.1 APPROACH
           6.10.2 DOCUMENT TYPE
                     TABLE 20 TOTAL NUMBER OF PATENTS IN LAST 11 YEARS (2011–2021)
                     FIGURE 41 PATENTS REGISTERED IN GREASE MARKET, 2011–2021
                     FIGURE 42 PATENT PUBLICATION TRENDS, 2011–2021
                     FIGURE 43 LEGAL STATUS OF PATENTS FILED IN GREASE MARKET
           6.10.3 JURISDICTION ANALYSIS
                     FIGURE 44 MAXIMUM PATENTS FILED IN JURISDICTION OF CHINA
           6.10.4 TOP APPLICANTS
                     FIGURE 45 TOP 10 PATENT APPLICANTS
                     TABLE 21 PATENTS BY MONSANTO TECHNOLOGY LLC
                     TABLE 22 LIST OF PATENTS BY PROCTER & GAMBLE
                     TABLE 23 TOP 10 PATENT OWNERS IN US, 2011–2021
           6.10.5 GREASE PRODUCT TRENDS
                    6.10.5.1 High performance grease
                               6.10.5.1.1 Lithium complex grease
                               6.10.5.1.2 Calcium sulfonate greases
                               6.10.5.1.3 Polyurea greases
                               6.10.5.1.4 Mixed soap thickener grease
           6.10.6 BASE OIL INFLUENCES
                    6.10.6.1 Mineral oil
                    6.10.6.2 Synthetic oil
                    6.10.6.3 Semi-synthetic oil
           6.10.7 THICKENER INFLUENCES
                    6.10.7.1 Metallic soap thickener
                    6.10.7.2 Non-soap thickener
                    6.10.7.3 Inorganic thickener
           6.10.8 IMPACT OF COVID-19
                    6.10.8.1 Cost & supply fluctuations
           6.10.9 IMPACT ON GREASE MARKET WITH END-USE INDUSTRY SPECIFICATION
                    6.10.9.1 Automotive
                    6.10.9.2 Off-highway vehicles
                    6.10.9.3 Industrial equipment
                    6.10.9.4 Food & beverage
                    6.10.9.5 Impact on grease market OEM specifications
                    6.10.10 PRICE POSITIONING
                    6.10.11 TECHNOLOGICAL TRENDS
                               6.10.11.1 Low-sulfur grease
                               6.10.11.2 Biodegradable grease

7 GREASE MARKET, BY BASE OIL (Page No. - 110)
    7.1 INTRODUCTION
          FIGURE 46 MINERAL OIL SEGMENT TO LEAD GREASE MARKET DURING FORECAST PERIOD
          TABLE 24 GREASE MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
          TABLE 25 GREASE MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
          TABLE 26 GREASE MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
          TABLE 27 GREASE MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
    7.2 MINERAL OIL
           7.2.1 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR MINERAL OIL-BASED GREASE
                    TABLE 28 MINERAL OIL-BASED GREASE MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 29 MINERAL OIL-BASED GREASE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 30 MINERAL OIL-BASED GREASE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 31 MINERAL OIL-BASED GREASE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    7.3 SYNTHETIC OIL
           7.3.1 RISING AWARENESS REGARDING HIGH PERFORMANCE OF SYNTHETIC OIL GREASE TO DRIVE MARKET
                    TABLE 32 SYNTHETIC OIL-BASED GREASE MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 33 SYNTHETIC OIL-BASED GREASE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 34 SYNTHETIC OIL-BASED GREASE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 35 SYNTHETIC OIL-BASED GREASE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
           7.3.2 POLYALPHAOLEFINS (PAO)
           7.3.3 POLYALKYLENE GLYCOL (PAG)
           7.3.4 ESTERS
           7.3.5 GROUP III (HYDROCRACKING)
    7.4 BIO-BASED OIL
          TABLE 36 BIO-BASED OIL GREASE MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
          TABLE 37 BIO-BASED OIL GREASE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
          TABLE 38 BIO-BASED OIL GREASE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 39 BIO-BASED OIL GREASE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)

8 GREASE MARKET, BY THICKENER TYPE (Page No. - 119)
    8.1 INTRODUCTION
          FIGURE 47 METALLIC SOAP THICKENER SEGMENT TO DOMINATE OVERALL MARKET DURING FORECAST PERIOD
          TABLE 40 GREASE MARKET SIZE, BY THICKENER TYPE, 2017–2020 (KILOTON)
          TABLE 41 GREASE MARKET SIZE, BY THICKENER TYPE, 2021–2027 (KILOTON)
          TABLE 42 GREASE MARKET SIZE, BY THICKENER TYPE, 2017–2020 (USD MILLION)
          TABLE 43 GREASE MARKET SIZE, BY THICKENER TYPE, 2021–2027 (USD MILLION)
    8.2 METALLIC SOAP THICKENER GREASE
           8.2.1 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR METALLIC SOAP THICKENER GREASE
           8.2.2 LITHIUM
           8.2.3 CALCIUM
           8.2.4 ALUMINUM
           8.2.5 SODIUM
           8.2.6 OTHER METALLIC SOAP THICKENERS
                    TABLE 44 METALLIC SOAP THICKENER GREASE MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 45 METALLIC SOAP THICKENER GREASE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 46 METALLIC SOAP THICKENER GREASE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 47 METALLIC SOAP THICKENER GREASE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    8.3 NON-SOAP THICKENER GREASE
           8.3.1 DEMAND FOR POLYUREA TO DRIVE NON-SOAP THICKENER GREASE MARKET
                    TABLE 48 NON-SOAP THICKENER GREASE MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 49 NON-SOAP THICKENER GREASE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 50 NON-SOAP THICKENER GREASE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 51 NON-SOAP THICKENER GREASE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    8.4 INORGANIC THICKENER GREASE
           8.4.1 CLAY AND SILICA ARE MAJOR INORGANIC THICKENERS
           8.4.2 CLAY
           8.4.3 SILICA
                    TABLE 52 INORGANIC THICKENER GREASE MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 53 INORGANIC THICKENER GREASE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 54 INORGANIC THICKENER GREASE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 55 INORGANIC THICKENER GREASE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    8.5 OTHERS
          TABLE 56 OTHERS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
          TABLE 57 OTHERS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
          TABLE 58 OTHERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 59 OTHERS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)

9 GREASE MARKET, BY END-USE INDUSTRY (Page No. - 131)
    9.1 INTRODUCTION
          FIGURE 48 AUTOMOTIVE INDUSTRY TO LEAD GREASE MARKET DURING FORECAST PERIOD
          TABLE 60 GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 61 GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
          TABLE 62 GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 63 GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
    9.2 AUTOMOTIVE
           9.2.1 GROWING AUTOMOTIVE PRODUCTION TO DRIVE DEMAND FOR GREASE
                    FIGURE 49 ASIA PACIFIC TO BE LARGEST MARKET FOR GREASE IN AUTOMOTIVE SECTOR
                    TABLE 64 GREASE MARKET SIZE IN AUTOMOTIVE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 65 GREASE MARKET SIZE IN AUTOMOTIVE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 66 GREASE MARKET SIZE IN AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 67 GREASE MARKET SIZE IN AUTOMOTIVE, BY REGION, 2021–2027 (USD MILLION)
    9.3 CONSTRUCTION
           9.3.1 DEMAND FOR HIGH-PERFORMANCE GREASE TO DRIVE MARKET IN CONSTRUCTION
                    FIGURE 50 ASIA PACIFIC TO BE FASTEST-GROWING GREASE MARKET IN CONSTRUCTION SECTOR
                    TABLE 68 GREASE MARKET SIZE IN CONSTRUCTION, BY REGION, 2017–2020 (KILOTON)
                    TABLE 69 GREASE MARKET SIZE IN CONSTRUCTION, BY REGION, 2021–2027 (KILOTON)
                    TABLE 70 GREASE MARKET SIZE IN CONSTRUCTION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 71 GREASE MARKET SIZE IN CONSTRUCTION, BY REGION, 2021–2027 (USD MILLION)
    9.4 GENERAL MANUFACTURING
           9.4.1 GROWING DEMAND FROM ASIA PACIFIC TO DRIVE MARKET
                    FIGURE 51 SOUTH AMERICA TO BE SECOND-FASTEST GREASE MARKET IN GENERAL MANUFACTURING
                    TABLE 72 GREASE MARKET SIZE IN GENERAL MANUFACTURING, BY REGION, 2017–2020 (KILOTON)
                    TABLE 73 GREASE MARKET SIZE IN GENERAL MANUFACTURING, BY REGION, 2021–2027 (KILOTON)
                    TABLE 74 GREASE MARKET SIZE IN GENERAL MANUFACTURING, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 75 GREASE MARKET SIZE IN GENERAL MANUFACTURING, BY REGION, 2021–2027 (USD MILLION)
    9.5 METAL PRODUCTION
           9.5.1 GROWING METAL PRODUCTION IN CHINA, JAPAN, AND US INFLUENCING GREASE MARKET
                    FIGURE 52 EUROPE TO BE SECOND-LARGEST GREASE MARKET IN METAL PRODUCTION
                    TABLE 76 GREASE MARKET SIZE IN METAL PRODUCTION, BY REGION, 2017–2020 (KILOTON)
                    TABLE 77 GREASE MARKET SIZE IN METAL PRODUCTION, BY REGION, 2021–2027 (KILOTON)
                    TABLE 78 GREASE MARKET SIZE IN METAL PRODUCTION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 79 GREASE MARKET SIZE IN METAL PRODUCTION, BY REGION, 2021–2027 (USD MILLION)
    9.6 MINING
           9.6.1 GROWING DEMAND FOR GREASE IN HEAVY LOAD MINING EQUIPMENT TO DRIVE MARKET
                    FIGURE 53 SOUTH AMERICA TO REGISTER HIGHEST CAGR IN MINING INDUSTRY
                    TABLE 80 GREASE MARKET SIZE IN MINING, BY REGION, 2017–2020 (KILOTON)
                    TABLE 81 GREASE MARKET SIZE IN MINING, BY REGION, 2021–2027 (KILOTON)
                    TABLE 82 GREASE MARKET SIZE IN MINING, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 83 GREASE MARKET SIZE IN MINING, BY REGION, 2021–2027 (USD MILLION)
    9.7 POWER GENERATION
           9.7.1 GROWING DEMAND FOR WATER & CORROSION RESISTANT GREASE TO DRIVE MARKET
                    FIGURE 54 NORTH AMERICA TO BE SECOND-LARGEST GREASE MARKET IN POWER GENERATION
                    TABLE 84 GREASE MARKET SIZE IN POWER GENERATION, BY REGION, 2017–2020 (KILOTON)
                    TABLE 85 GREASE MARKET SIZE IN POWER GENERATION, BY REGION, 2021–2027 (KILOTON)
                    TABLE 86 GREASE MARKET SIZE IN POWER GENERATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 87 GREASE MARKET SIZE IN POWER GENERATION, BY REGION, 2021–2027 (USD MILLION)
    9.8 AGRICULTURE
           9.8.1 GROWING DEMAND FOR FARM TRACTORS TO BOOST DEMAND
                    FIGURE 55 NORTH AMERICA TO BE DOMINANT MARKET IN AGRICULTURE SECTOR
                    TABLE 88 GREASE MARKET SIZE IN AGRICULTURE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 89 GREASE MARKET SIZE IN AGRICULTURE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 90 GREASE MARKET SIZE IN AGRICULTURE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 91 GREASE MARKET SIZE IN AGRICULTURE, BY REGION, 2021–2027 (USD MILLION)
    9.9 OTHERS
          TABLE 92 GREASE MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2020 (KILOTON)
          TABLE 93 GREASE MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2021–2027 (KILOTON)
          TABLE 94 GREASE MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2020 (USD MILLION)
          TABLE 95 GREASE MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2021–2027 (USD MILLION)

10 GREASE MARKET, BY REGION (Page No. - 152)
     10.1 INTRODUCTION
             FIGURE 56 ASIA PACIFIC TO BE FASTEST-GROWING GREASE MARKET BETWEEN 2022 AND 2027
             TABLE 96 GREASE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
             TABLE 97 GREASE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
             TABLE 98 GREASE MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
             TABLE 99 GREASE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
     10.2 NORTH AMERICA
             FIGURE 57 NORTH AMERICA: GREASE MARKET SNAPSHOT
             10.2.1 NORTH AMERICA GREASE MARKET, BY BASE OIL
                        TABLE 100 NORTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 101 NORTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 102 NORTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 103 NORTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
             10.2.2 NORTH AMERICA GREASE MARKET, BY THICKENER TYPE
                        TABLE 104 NORTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2017–2020 (KILOTON)
                        TABLE 105 NORTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2021–2027 (KILOTON)
                        TABLE 106 NORTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2017–2020 (USD MILLION)
                        TABLE 107 NORTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2021–2027 (USD MILLION)
             10.2.3 NORTH AMERICA GREASE MARKET, BY END-USE INDUSTRY
                        TABLE 108 NORTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                        TABLE 109 NORTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                        TABLE 110 NORTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                        TABLE 111 NORTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
             10.2.4 NORTH AMERICA GREASE MARKET, BY COUNTRY
                        TABLE 112 NORTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 113 NORTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 114 NORTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 115 NORTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.2.4.1 US
                                     10.2.4.1.1 Strong industrial infrastructure to drive grease market
                                                     TABLE 116 US: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                     TABLE 117 US: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                     TABLE 118 US: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                     TABLE 119 US: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.2.4.2 Canada
                                     10.2.4.2.1 Automotive industry to drive demand for grease
                                                     TABLE 120 CANADA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                     TABLE 121 CANADA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                     TABLE 122 CANADA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                     TABLE 123 CANADA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.2.4.3 Mexico
                                     10.2.4.3.1 Rising industrialization to drive market in Mexico
                                                     TABLE 124 MEXICO: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                     TABLE 125 MEXICO: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                     TABLE 126 MEXICO: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                     TABLE 127 MEXICO: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
     10.3 ASIA PACIFIC
             FIGURE 58 ASIA PACIFIC: GREASE MARKET SNAPSHOT
             10.3.1 ASIA PACIFIC GREASE MARKET, BY BASE OIL
                        TABLE 128 ASIA PACIFIC: GREASE MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 129 ASIA PACIFIC: GREASE MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 130 ASIA PACIFIC: GREASE MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 131 ASIA PACIFIC: GREASE MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
             10.3.2 ASIA PACIFIC GREASE MARKET, BY THICKENER TYPE
                        TABLE 132 ASIA PACIFIC: GREASE MARKET SIZE, BY THICKENER TYPE, 2017–2020 (KILOTON)
                        TABLE 133 ASIA PACIFIC: GREASE MARKET SIZE, BY THICKENER TYPE, 2021–2027 (KILOTON)
                        TABLE 134 ASIA PACIFIC: GREASE MARKET SIZE, BY THICKENER TYPE, 2017–2020 (USD MILLION)
                        TABLE 135 ASIA PACIFIC: GREASE MARKET SIZE, BY THICKENER TYPE, 2021–2027 (USD MILLION)
             10.3.3 ASIA PACIFIC GREASE MARKET, BY END-USE INDUSTRY
                        TABLE 136 ASIA PACIFIC: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                        TABLE 137 ASIA PACIFIC: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                        TABLE 138 ASIA PACIFIC: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                        TABLE 139 ASIA PACIFIC: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
             10.3.4 ASIA PACIFIC GREASE MARKET, BY COUNTRY
                        TABLE 140 ASIA PACIFIC: GREASE MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 141 ASIA PACIFIC: GREASE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 142 ASIA PACIFIC: GREASE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 143 ASIA PACIFIC: GREASE MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.3.4.1 China
                                     10.3.4.1.1 Rapid industrialization to drive demand for grease
                                                     TABLE 144 CHINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                     TABLE 145 CHINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                     TABLE 146 CHINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                     TABLE 147 CHINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.3.4.2 Japan
                                     10.3.4.2.1 Demand from automotive industry driving grease market
                                                     TABLE 148 JAPAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                     TABLE 149 JAPAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                     TABLE 150 JAPAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                     TABLE 151 JAPAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.3.4.3 India
                                     10.3.4.3.1 Growing industrialization positively influencing market growth
                                                     TABLE 152 INDIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                     TABLE 153 INDIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                     TABLE 154 INDIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                     TABLE 155 INDIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.3.4.4 Australia
                                     10.3.4.4.1 Mining and construction to drive demand for grease
                                                     TABLE 156 AUSTRALIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                     TABLE 157 AUSTRALIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                     TABLE 158 AUSTRALIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                     TABLE 159 AUSTRALIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.3.4.5 South Korea
                                     10.3.4.5.1 Automobile manufacturing to drive demand for grease
                                                     TABLE 160 SOUTH KOREA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                     TABLE 161 SOUTH KOREA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                     TABLE 162 SOUTH KOREA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                     TABLE 163 SOUTH KOREA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.3.4.6 Thailand
                                     10.3.4.6.1 Rise in industrialization to drive demand for grease
                                                     TABLE 164 THAILAND: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                     TABLE 165 THAILAND: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                     TABLE 166 THAILAND: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                     TABLE 167 THAILAND: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
     10.4 EUROPE
             FIGURE 59 EUROPE: GREASE MARKET SNAPSHOT
             10.4.1 EUROPE GREASE MARKET, BY BASE OIL
                        TABLE 168 EUROPE: GREASE MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 169 EUROPE: GREASE MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 170 EUROPE: GREASE MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 171 EUROPE: GREASE MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
             10.4.2 EUROPE GREASE MARKET, BY THICKENER TYPE
                        TABLE 172 EUROPE: GREASE MARKET SIZE, BY THICKENER TYPE, 2017–2020 (KILOTON)
                        TABLE 173 EUROPE: GREASE MARKET SIZE, BY THICKENER TYPE, 2021–2027 (KILOTON)
                        TABLE 174 EUROPE: GREASE MARKET SIZE, BY THICKENER TYPE, 2017–2020 (USD MILLION)
                        TABLE 175 EUROPE: GREASE MARKET SIZE, BY THICKENER TYPE, 2021–2027 (USD MILLION)
             10.4.3 EUROPE GREASE MARKET, BY END-USE INDUSTRY
                        TABLE 176 EUROPE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                        TABLE 177 EUROPE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                        TABLE 178 EUROPE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                        TABLE 179 EUROPE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
             10.4.4 EUROPE GREASE MARKET, BY COUNTRY
                        TABLE 180 EUROPE: GREASE MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 181 EUROPE: GREASE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 182 EUROPE: GREASE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 183 EUROPE: GREASE MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.4.4.1 Germany
                                     10.4.4.1.1 Automotive industry to drive demand in Germany
                                                      TABLE 184 GERMANY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 185 GERMANY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 186 GERMANY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 187 GERMANY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.4.4.2 UK
                                     10.4.4.2.1 Automotive and construction to drive market in UK
                                                      TABLE 188 UK: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 189 UK: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 190 UK: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 191 UK: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.4.4.3 France
                                     10.4.4.3.1 Increasing spending power leading to growth in demand for synthetic grease
                                                      TABLE 192 FRANCE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 193 FRANCE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 194 FRANCE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 195 FRANCE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.4.4.4 Russia
                                     10.4.4.4.1 Well-established oil & gas industry to augment demand for grease
                                                      TABLE 196 RUSSIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 197 RUSSIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 198 RUSSIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 199 RUSSIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.4.4.5 Italy
                                     10.4.4.5.1 Automotive sector propelling grease market in Italy
                                                      TABLE 200 ITALY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 201 ITALY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 202 ITALY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 203 ITALY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
     10.5 MIDDLE EAST & AFRICA
             10.5.1 MIDDLE EAST & AFRICA GREASE MARKET, BY BASE OIL
                        TABLE 204 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 205 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 206 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 207 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
             10.5.2 MIDDLE EAST & AFRICA GREASE MARKET, BY THICKENER TYPE
                        TABLE 208 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2017–2020 (KILOTON)
                        TABLE 209 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2021–2027 (KILOTON)
                        TABLE 210 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2017–2020 (USD MILLION)
                        TABLE 211 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2021–2027 (USD MILLION)
             10.5.3 MIDDLE EAST & AFRICA GREASE MARKET, BY END-USE INDUSTRY
                        TABLE 212 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                        TABLE 213 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                        TABLE 214 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                        TABLE 215 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
             10.5.4 MIDDLE EAST & AFRICA GREASE MARKET, BY COUNTRY
                        TABLE 216 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 217 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 218 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 219 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.5.4.1 Iran
                                     10.5.4.1.1 Increasing demand for cars to drive market
                                                      TABLE 220 IRAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 221 IRAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 222 IRAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 223 IRAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.5.4.2 South Africa
                                     10.5.4.2.1 Demand from transportation industry to spur market growth
                                                      TABLE 224 SOUTH AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 225 SOUTH AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 226 SOUTH AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 227 SOUTH AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.5.4.3 Egypt
                                     10.5.4.3.1 Construction sector to be largest market for grease
                                                      TABLE 228 EGYPT: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 229 EGYPT: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 230 EGYPT: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 231 EGYPT: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.5.4.4 Turkey
                                     10.5.4.4.1 Favorable geographic location to support market growth
                                                      TABLE 232 TURKEY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 233 TURKEY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 234 TURKEY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 235 TURKEY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
     10.6 SOUTH AMERICA
             10.6.1 SOUTH AMERICA GREASE MARKET, BY BASE OIL
                        TABLE 236 SOUTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 237 SOUTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 238 SOUTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 239 SOUTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
             10.6.2 SOUTH AMERICA GREASE MARKET, BY THICKENER TYPE
                        TABLE 240 SOUTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2017–2020 (KILOTON)
                        TABLE 241 SOUTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2021–2027 (KILOTON)
                        TABLE 242 SOUTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2017–2020 (USD MILLION)
                        TABLE 243 SOUTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2021–2027 (USD MILLION)
             10.6.3 SOUTH AMERICA GREASE MARKET, BY END-USE INDUSTRY
                        TABLE 244 SOUTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                        TABLE 245 SOUTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                        TABLE 246 SOUTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                        TABLE 247 SOUTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
             10.6.4 SOUTH AMERICA GREASE MARKET, BY COUNTRY
                        TABLE 248 SOUTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 249 SOUTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 250 SOUTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 251 SOUTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.6.4.1 Brazil
                                     10.6.4.1.1 Largest grease market in South America
                                                      TABLE 252 BRAZIL: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 253 BRAZIL: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 254 BRAZIL: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 255 BRAZIL: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.6.4.2 Argentina
                                     10.6.4.2.1 Rising vehicle sales likely to drive market
                                                      TABLE 256 ARGENTINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 257 ARGENTINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 258 ARGENTINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 259 ARGENTINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 230)
     11.1 INTRODUCTION
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS
             TABLE 260 OVERVIEW OF STRATEGIES ADOPTED BY KEY GREASE MANUFACTURERS
     11.3 MARKET SHARE ANALYSIS
             11.3.1 RANKING OF KEY MARKET PLAYERS, 2021
                        FIGURE 60 RANKING OF TOP FIVE PLAYERS IN GREASE MARKET, 2021
             11.3.2 MARKET SHARE OF KEY PLAYERS
                        TABLE 261 GREASE MARKET: DEGREE OF COMPETITION
                        FIGURE 61 SHELL PLC LED GREASE MARKET IN 2021
                        11.3.2.1 Shell plc
                        11.3.2.2 Exxon Mobil Corporation
                        11.3.2.3 BP p.l.c.
                        11.3.2.4 Chevron Corporation
                        11.3.2.5 TotalEnergies SE
             11.3.3 REVENUE ANALYSIS OF TOP 5 PLAYERS
                        FIGURE 62 REVENUE ANALYSIS OF KEY COMPANIES IN LAST FIVE YEARS
     11.4 COMPANY PRODUCT FOOTPRINT ANALYSIS
             FIGURE 63 GREASE MARKET: COMPANY FOOTPRINT
             TABLE 262 GREASE MARKET: BASE OIL FOOTPRINT
             TABLE 263 GREASE MARKET: END-USE INDUSTRY FOOTPRINT
             TABLE 264 GREASE MARKET: COMPANY REGION FOOTPRINT
     11.5 COMPANY EVALUATION QUADRANT (TIER 1)
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PARTICIPANTS
             11.5.4 PERVASIVE PLAYERS
                        FIGURE 64 COMPANY EVALUATION QUADRANT FOR GREASE MARKET (TIER 1)
     11.6 COMPETITIVE BENCHMARKING
             TABLE 265 GREASE MARKET: DETAILED LIST OF KEY START-UPS/SMES
             TABLE 266 GREASE MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     11.7 START-UPS/SMES EVALUATION QUADRANT
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 STARTING BLOCKS
             11.7.4 DYNAMIC COMPANIES
                        FIGURE 65 START-UP/SME EVALUATION QUADRANT FOR GREASE MARKET
     11.8 COMPETITIVE SITUATION & TRENDS
             11.8.1 DEALS
                        TABLE 267 GREASE MARKET: DEALS (2018–2022)
             11.8.2 NEW PRODUCT LAUNCHES
                        TABLE 268 GREASE MARKET: NEW PRODUCT LAUNCHES (2018–2022)
             11.8.3 OTHER DEVELOPMENTS
                        TABLE 269 GREASE MARKET: EXPANSIONS, INVESTMENTS, AND INNOVATIONS (2018–2022)

12 COMPANY PROFILES (Page No. - 249)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     12.1 MAJOR PLAYERS
             12.1.1 EXXON MOBIL CORPORATION
                        FIGURE 66 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
                        TABLE 270 EXXON MOBIL CORPORATION: COMPANY OVERVIEW
             12.1.2 TOTALENERGIES SE
                        FIGURE 67 TOTALENERGIES SE: COMPANY SNAPSHOT
                        TABLE 271 TOTALENERGIES SE: COMPANY OVERVIEW
             12.1.3 SHELL PLC
                        FIGURE 68 SHELL PLC: COMPANY SNAPSHOT
                        TABLE 272 SHELL PLC: COMPANY OVERVIEW
             12.1.4 CHEVRON CORPORATION
                        FIGURE 69 CHEVRON CORPORATION: COMPANY SNAPSHOT
                        TABLE 273 CHEVRON CORPORATION: COMPANY OVERVIEW
                        12.1.4.2 Products offered
             12.1.5 BP P.L.C.
                        FIGURE 70 BP P.L.C.: COMPANY SNAPSHOT
                        TABLE 274 BP P.L.C.: COMPANY OVERVIEW
             12.1.6 FUCHS PETROLUB SE
                        FIGURE 71 FUCHS PETROLUB SE: COMPANY SNAPSHOT
                        TABLE 275 FUCHS PETROLUB SE: COMPANY OVERVIEW
             12.1.7 VALVOLINE
                        FIGURE 72 VALVOLINE: COMPANY SNAPSHOT
                        TABLE 276 VALVOLINE: COMPANY OVERVIEW
             12.1.8 SINOPEC GROUP
                        FIGURE 73 SINOPEC GROUP: COMPANY SNAPSHOT
                        TABLE 277 SINOPEC GROUP: COMPANY OVERVIEW
             12.1.9 ENEOS HOLDINGS, INC.
                        FIGURE 74 ENEOS HOLDINGS, INC.: COMPANY SNAPSHOT
                        TABLE 278 ENEOS HOLDINGS, INC.: COMPANY OVERVIEW
             12.1.10 IDEMITSU KOSAN CO., LTD.
                        FIGURE 75 IDEMITSU KOSAN CO., LTD.: COMPANY SNAPSHOT
                        TABLE 279 IDEMITSU KOSAN CO., LTD.: COMPANY OVERVIEW
             12.1.11 PETRONAS
                        FIGURE 76 PETRONAS: COMPANY SNAPSHOT
                        TABLE 280 PETRONAS: COMPANY OVERVIEW
     12.2 OTHER KEY MARKET PLAYERS
             12.2.1 AXEL AMERICAS LLC
                        TABLE 281 AXEL AMERICAS LLC: COMPANY OVERVIEW
             12.2.2 BALMER LAWRIE & CO. LTD.
                        TABLE 282 BALMER LAWRIE & CO. LTD.: COMPANY OVERVIEW
             12.2.3 LUKOIL
                        TABLE 283 LUKOIL: COMPANY OVERVIEW
             12.2.4 MARATHON PETROLEUM CORPORATION
                        TABLE 284 MARATHON PETROLEUM CORPORATION: COMPANY OVERVIEW
             12.2.5 BEL-RAY COMPANY, L.L.C.
                        TABLE 285 BEL-RAY COMPANY, L.L.C.: COMPANY OVERVIEW
             12.2.6 CHEMTOOL INC.
                        TABLE 286 CHEMTOOL INC.: COMPANY OVERVIEW
             12.2.7 CITGO PETROLEUM CORPORATION
                        TABLE 287 CITGO PETROLEUM CORPORATION: COMPANY OVERVIEW
             12.2.8 HARRISON MANUFACTURING CO PTY LTD.
                        TABLE 288 HARRISON MANUFACTURING CO PTY LTD.: COMPANY OVERVIEW
             12.2.9 PHILLIPS 66
                        TABLE 289 PHILLIPS 66: COMPANY OVERVIEW
             12.2.10 INDIAN OIL CORPORATION LIMITED (IOCL)
                        TABLE 290 INDIAN OIL CORPORATION LIMITED (IOCL): COMPANY OVERVIEW
             12.2.11 HEXOL INTERNATIONAL LTD.
                        TABLE 291 HEXOL INTERNATIONAL LTD.: COMPANY OVERVIEW
             12.2.12 LUBRI-LAB INC.
                        TABLE 292 LUBRI-LAB INC.: COMPANY OVERVIEW
             12.2.13 PENRITE OIL COMPANY
                        TABLE 293 PENRITE OIL COMPANY: COMPANY OVERVIEW

*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

13 ADJACENT & RELATED MARKETS (Page No. - 298)
     13.1 INTRODUCTION
     13.2 LIMITATIONS
     13.3 MARINE LUBRICANTS MARKET
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
             13.3.3 MARINE LUBRICANTS MARKET, BY REGION
                        TABLE 294 MARINE LUBRICANTS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
                        TABLE 295 MARINE LUBRICANTS MARKET SIZE, BY REGION, 2020–2026 (KILOTON)
                        13.3.3.1 North America
                                      TABLE 296 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                                      TABLE 297 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2026 (KILOTON)
                        13.3.3.2 Europe
                                      TABLE 298 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                                      TABLE 299 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2026 (KILOTON)
                        13.3.3.3 Asia Pacific
                                      TABLE 300 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                                      TABLE 301 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2026 (KILOTON)
                        13.3.3.4 Middle East & Africa
                                      TABLE 302 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                                      TABLE 303 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2026 (KILOTON)
                        13.3.3.5 South America
                                      TABLE 304 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                                      TABLE 305 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2026 (KILOTON)

14 APPENDIX (Page No. - 305)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 CUSTOMIZATION OPTIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the market size for grease. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The grease market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. End-use industries characterize the demand side of this market. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Breakdown of Primary Participants

Grease Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2021 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the size of the grease market.

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.

Grease Market: Bottum-Up Approach 1

Grease Market Size, and Share

Source: MarketsandMarkets Analysis

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides of grease.

Report Objectives

  • To define, segment, and project the size of the global grease market based on base oil, thickener type, end-use industry, and region
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To project the size of the market in terms of value and volume, with respect to five main regions (along with key country-level data), namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America
  • To strategically profile key players and comprehensively analyze their core competencies2
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments, in the grease market

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Regional Analysis
    • Further breakdown of a region with respect to a particular country or additional source type
  • Company Information
    • Detailed analysis and profiles of additional market players (up to five)
Report Code
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Published ON
Nov, 2022
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