Grease Market

Grease Market by Base Oil (Mineral, Synthetic, Bio-Based), Thickener Type (Metallic Soap, Non-Soap, Inorganic), End-Use Industry (Automotive, Construction, General Manufacturing, Metal, Mining, Food & Beverage, Power) - Global Forecast to 2025

Report Code: CH 4269 Sep, 2020, by marketsandmarkets.com

[260 Pages Report] The grease market size is projected to reach USD 6.1 billion by 2025 from USD 5.3 billion in 2020, at a CAGR of 2.9%. The growth in the industrial sector coupled with the improved quality of grease are the major factors driving the growth of the grease market. Rise in automation in various industrial is also driving the global grease market. The improvement in the quality of grease acts as a major driver for the market. Consumers prefer improved quality products primarily due to their extended durability and shelf life, which results in enhanced performance of machinery and equipment. The use of high-quality grease is also cost-saving, as it reduces the frequency of replacing grease. There is a rising demand for higher quality grease in Europe and North America.

Grease Market

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Impact of COVID-19 on grease market.

As a result of the pandemic, a negative growth of the grease market is expected for 2020. APAC countries had taken preventive measures, such as social distancing at an early stage, to stop the spread of the virus. As per the reports, the highest reduction in vehicle traffic was seen in South Asia constituting countries, such as India, Bangladesh, and Sri Lanka and Central Asian countries.

According to the IMF, the GDP growth rate of the region will fall to 0% in 2020. China, India, and South Korea will also have slow economic growth. The GDP growth rate in China is expected to drop at 1.2% in 2020.

China was the epicenter of COVID-19 at first. The government quarantined millions of people, thus putting a pause on all supply chains dependent on China. The travel bans and lockdown imposed in most of the major cities in China have reduced the production of oil in the country. It has also affected the workforce community without which many ports, such as Shenzhen and Shanghai, are closed for operations. However, the country is showing signs of recovery after lockdown of three months. Most of the businesses have now reopened, which is expected to generate demand for grease. 

Rise in automation in various industries

Manufacturing, construction, and mining are some of the industries that use various heavy load equipment, which require regular lubrication. Owing to increasing competition and growing challenges in manual operations, the use of highly updated technology is vital for the growth of all these industries. The increasing cost of workforce and safety requirements is also augmenting the demand for process automation. The use of automation helps with increased production rate, reduced labor cost, and improved worker safety. Hence, a majority of companies are automating their operating systems, which, in turn, is driving the consumption of grease.

Lower crude oil prices to benefit grease suppliers after COVID-19

The grease market is significantly influenced by the variation in the crude oil market. Between 2008 and 2014, the crude oil market enjoyed a profitable run as prices hit USD 100 barrier per barrel and beyond. The Brent crude was priced at USD 140 per barrel, and WTI was priced at USD 120 per barrel. In 2015, crude prices dropped to record lows. Such volatile prices affect the margins of manufacturing companies.

The majority of grease products are based on mineral oil, which is sourced from crude oil. Therefore, the prices of grease depend on crude oil prices. Price change has a huge impact on the grease market.

Stringent environmental regulations

The growth of the grease market is restrained by several regulatory guidelines issued by different governing bodies. Environmental Protection Agency (EPA) enforces regulations to ensure that industries pre-treat pollutants in their wastes to protect wastewater treatment plants. The industrial discharges of grease and other pollutants interfere with local sanitary sewers that lead to the discharge of pollutants into local waterways. The Environment Protection Act, 1986 of India mandates the treatment of grease and other pollutants. All these regulations exert pressure on grease manufacturers and require them to invest in developing environment-friendly products.

Manufacturers are viewing bio-based grease as a promising market as there is no need to pre-treat these lubricants before releasing into the environment.

Technological advancements leading to innovation

Technological advancements create an opportunity for the growth of the grease market. Europe and North America are characterized by extensive experience and knowledge in the grease market. The market is experiencing rapid growth in emerging economies. Advanced technologies and latest equipment, coupled with the application of new systems, are driving the demand for improved products in both developed and developing countries. The introduction of high-performance grease will lead to lower replacement needs. Some of the major players investing in R&D are Royal Dutch Shell PLC. (Netherlands), Idemitsu Kosan Co. Ltd. (Japan), and Total SA (France)

Grease Market by Region

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APAC to account for the largest share of the global grease market during the forecast period

Europe is expected to account for the largest market share in grease during the forecast period, in terms of value. This is owing to the increasing demand for grease from pharmaceuticals and nutraceutical segments in the country. Moreover, the high spending power of consumers in the region, as well as the growing demand for natural cosmetics with good quality products, has been driving the growth of grease in Europe.

Grease Market Ecosystem

Key Market Players

The key market players profiled in the report include as Royal Dutch Shell PLC. (Netherlands), The Chevron Corporation (US), Idemitsu Kosan Co., Ltd. (Japan), Sinopec Corporation (China), BP p.l.c. (UK), Total SA (France), and ExxonMobil Corporation (US), among others.

Royal Dutch Shell PLC. is the largest player in the grease market. The company accounted for a 13% share in the grease market in 2019. It is vertically integrated and is active in both upstream and downstream activities in the oil & gas industry. Its well-established distribution network and brand value serve as important factors for its future growth. The company is mainly focused on its downstream business segment as it has a strong revenue-generating segment with high return-on-investment. It is focusing on expansion as the key growth strategy. It has made a large number of expansions to meet the increasing demand from customers and strengthen its position in the global lubricants market.

ExxonMobil Corporation is the second-largest player in the grease market. The company accounted for 11% share in the grease market. ExxonMobil is focusing on enhancing its market reach by foraying into new markets. The company completed the expansion project of its Singapore refinery. The facility will strengthen the supply for Group II EHC base oil used for manufacturing premium-grade lubricants. Moreover, the company has launched new products to strengthen its global presence.

Scope of the Report

Report Metric

Details

Years considered for the study

2016-2025

Base year considered

2019

Forecast period

2020–2025

Units considered

Value (USD Million), Volume (Kiloton)

Segments covered

Thickener Type, Base Oil, End-use Industry, and Region

Regions covered

APAC, North America, Europe, Middle East & Africa, and South America

Companies profiled

Royal Dutch Shell PLC. (Netherlands), The Chevron Corporation (US), Idemitsu Kosan Co., Ltd. (Japan), Sinopec Corporation (China), BP p.l.c. (UK), Total SA (France), and ExxonMobil Corporation (US), among others.

Top 25 major players covered

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

On the basis of thickener type, the grease market has been segmented as follows:

  • Metallic Soap Thickener
    • Lithium
    • Calcium
    • Sodium
    • Aluminum
    • Others
  • Non-soap Thickener
  • Inorganic
    • Clay
    • Silica
  • Others

On the basis of base oil, the grease market has been segmented as follows:

  • Mineral oil
  • Synthetic oil
  • Bio-based oil

On the basis of end-use industry, the grease market has been segmented as follows:           

  • Automotive
  • Construction
  • General Manufacturing
  • Mining
  • Metal production
  • Power generation
  • Food & Beverage
  • Others

On the basis of region, the grease market has been segmented as follows:

  • APAC
  • North America
  • Europe
  • Middle East & Arica
  • South America

Recent Developments:

  • In march 2020, Royal Dutch Shelll PLC, doubled its production capacity in the lubricant plant in Java. This is to capture a bigger part of the domestic market
  • In febriary 2020, PETRONAS, launched a new range of lubricants named PETRONAS Arbor designed for construction and agriculture machinery. PETRONAS Arbor product range covers hydraulic and gear oils, antifreeze, and greases.
  • In December 2019, Idemitsu Kosan, started its business activities to supply lubricants to Japanese automobile manufacturers and related manufacturers in Pakistan

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 35)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 GREASE MARKET, BY BASE OIL: INCLUSIONS & EXCLUSIONS
           1.2.2 GREASE MARKET, BY THICKENER TYPE: INCLUSIONS & EXCLUSIONS
           1.2.3 GREASE MARKET, BY END-USE INDUSTRY: INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 GREASE MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
        FIGURE 1 GREASE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primary interviews
    2.2 DATA TRIANGULATION
        FIGURE 2 GREASE MARKET: DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
           2.3.3 MARKET SIZE CALCULATION STEPS FROM SUPPLY SIDE
                    2.3.3.1 market size calculation from supply side
           2.3.4 MARKET SIZE CALCULATION USING PARENT MARKET
           2.3.5 GREASE MARKET, BY END-USE INDUSTRY
           2.3.6 GREASE MARKET, BY BASE OIL
    2.4 ASSUMPTIONS
    2.5 FACTORS ANALYSIS
           2.5.1 GREASE MARKET: FACTORS IMPACTING MARKET
           2.5.2 KEY INDUSTRY INSIGHTS

3 EXECUTIVE SUMMARY (Page No. - 50)
    3.1 GREASE MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIO
        FIGURE 3 MARKET SIZE IN TERMS OF REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIO
           3.1.1 NON-COVID-19 SCENARIO
           3.1.2 OPTIMISTIC SCENARIO
           3.1.3 PESSIMISTIC SCENARIO
           3.1.4 REALISTIC SCENARIO
                 FIGURE 4 AUTOMOTIVE TO BE THE LARGEST END-USE INDUSTRY OF GREASE
                 FIGURE 5 SYNTHETIC OIL-BASED GREASE TO BE THE FASTEST-GROWING SEGMENT
                 FIGURE 6 METALLIC SOAP TO BE THE LARGEST THICKENER TYPE FOR GREASE
                 FIGURE 7 APAC ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2019

4 PREMIUM INSIGHTS (Page No. - 55)
    4.1 SIGNIFICANT OPPORTUNITIES IN GREASE MARKET
        FIGURE 8 RISING INDUSTRIALIZATION TO DRIVE GREASE MARKET DURING FORECAST PERIOD
    4.2 GREASE MARKET SIZE, BY REGION
        FIGURE 9 APAC TO BE LARGEST GREASE MARKET DURING FORECAST PERIOD
    4.3 APAC: GREASE MARKET, BY END-USE INDUSTRY AND COUNTRY, 2019
        FIGURE 10 CHINA AND AUTOMOTIVE SEGMENT ACCOUNTED FOR LARGEST SHARES
    4.4 GREASE MARKET SIZE, BY THICKENER TYPE
        FIGURE 11 METALLIC SOAP TO BE THE LARGEST SEGMENT
    4.5 GREASE MARKET SIZE, BY BASE OIL
        FIGURE 12 MINERAL OIL TO BE THE LARGEST SEGMENT
    4.6 GREASE MARKET ATTRACTIVENESS
        FIGURE 13 INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 58)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 14 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 Improved quality of grease
                    5.2.1.3 Lower crude oil prices to benefit grease suppliers after COVID-19
                            TABLE 1 CRUDE OIL PRICE FORECAST
           5.2.2 RESTRAINTS
                    5.2.2.1 Stringent environmental regulations
                    5.2.2.2 Unstable economic situation
                    5.2.2.3 Low-quality and cheaper product offerings
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Technological advancements leading to innovation
                    5.2.3.2 Rising trend of polyurea grease over lithium grease
           5.2.4 CHALLENGES
                    5.2.4.1 Bleeding of base oil from grease
    5.3 PORTER’S FIVE FORCES ANALYSIS
        FIGURE 15 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
    5.4 SUPPLY CHAIN ANALYSIS
        FIGURE 16 GREASE MARKET: SUPPLY CHAIN
           5.4.1 RAW MATERIAL
           5.4.2 BLENDING
           5.4.3 DISTRIBUTION
           5.4.4 END USER
    5.5 SHIFT IN REVENUE STREAMS DUE TO MEGATRENDS IN END-USE INDUSTRIES
        FIGURE 17 GREASE MARKET: CHANGING REVENUE MIX
    5.6 CONNECTED MARKET: ECOSYSTEM
        FIGURE 18 GREASE MARKET: ECOSYSTEM
    5.7 CASE STUDIES
        FIGURE 19 ASSESSMENT OF LUBRICANTS INDUSTRY
        FIGURE 20 MARKET SIZE ASSESSMENT OF LUBRICANTS AND SPECIALTIES OF LUBE OIL REFINERY
        FIGURE 21 STRATEGIC ASSESSMENT OF OFF-HIGHWAY LUBRICANT INDUSTRY
    5.8 AVERAGE SELLING PRICE
    5.9 INDUSTRY OUTLOOK
           5.9.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES
                 TABLE 2 TRENDS AND FORECAST OF GDP, BY MAJOR ECONOMY, 2017–2024 (USD BILLION)
           5.9.2 AUTOMOTIVE INDUSTRY
                 TABLE 3 VEHICLE PRODUCTION, BY MAJOR ECONOMY, 2019 (UNITS)
    5.10 IMPACT OF COVID-19: CUSTOMER ANALYSIS
         FIGURE 22 GDP GROWTH RATE, BY KEY COUNTRIES, 2020
           5.10.1 DISRUPTION IN AUTOMOTIVE INDUSTRY
                    5.10.1.1 Impact on customers’ output & strategies to resume/improve production
                             TABLE 4 AUTOMOTIVE COMPANIES’ ANNOUNCEMENTS
                    5.10.1.2 Customers’ most affected regions
                    5.10.1.3 Risk assessment and opportunities
                             TABLE 5 OPPORTUNITY ASSESSMENT – SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS
                    5.10.1.4 MnM viewpoint on growth outlook and new market opportunities
           5.10.2 IMPACT OF COVID-19 ON CONSTRUCTION INDUSTRY
                    5.10.2.1 Impact on customers’ output and strategies to resume/improve production
                             TABLE 6 CONSTRUCTION COMPANIES’ ANNOUNCEMENTS
                    5.10.2.2 Customer’s most affected regions
                    5.10.2.3 MnM viewpoint on growth outlook and new market opportunities
    5.11 RECOVERY ROAD FOR 2020 AND 2021

6 GREASE MARKET, BY BASE OIL (Page No. - 79)
    6.1 INTRODUCTION
        FIGURE 23 MINERAL OIL TO BE THE LARGEST BASE OIL SEGMENT DURING FORECAST PERIOD
        TABLE 7 GREASE MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
        TABLE 8 GREASE MARKET SIZE, BY BASE OIL, 2020–2025 (KILOTON)
        TABLE 9 GREASE MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
        TABLE 10 GREASE MARKET SIZE, BY BASE OIL, 2020–2025 (USD MILLION)
    6.2 MINERAL OIL
           6.2.1 LOW COST AND EASY AVAILABILITY TO DRIVE THE MARKET FOR MINERAL OIL-BASED GREASE
                 FIGURE 24 APAC TO BE THE LARGEST MARKET FOR MINERAL OIL-BASED GREASE
                 TABLE 11 MINERAL OIL-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
                 TABLE 12 MINERAL OIL-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (KILOTON)
                 TABLE 13 MINERAL OIL-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 14 MINERAL OIL-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    6.3 SYNTHETIC OIL
           6.3.1 DEMAND FOR HIGH-PERFORMANCE PRODUCTS TO PROPEL THE MARKET
                 FIGURE 25 EUROPE TO BE THE SECOND-LARGEST GREASE MARKET IN SYNTHETIC OIL SEGMENT
                 TABLE 15 SYNTHETIC OIL-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
                 TABLE 16 SYNTHETIC OIL-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (KILOTON)
                 TABLE 17 SYNTHETIC OIL-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 18 SYNTHETIC OIL-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
           6.3.2 PAO
           6.3.3 PAG
           6.3.4 ESTERS
           6.3.5 GROUP III (HYDROCRACKING)
    6.4 BIO-BASED OIL
           6.4.1 DEMAND FOR ENVIRONMENT-FRIENDLY GREASE TO BOOST THE MARKET
                 FIGURE 26 EUROPE TO BE THE LARGEST BIO-BASED GREASE MARKET
                 TABLE 19 BIO-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
                 TABLE 20 BIO-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (KILOTON)
                 TABLE 21 BIO-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 22 BIO-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION

7 GREASE MARKET, BY THICKENER TYPE (Page No. - 89)
    7.1 INTRODUCTION
        FIGURE 27 METALLIC SOAP THICKENER TO BE THE LARGEST SEGMENT
        TABLE 23 GREASE MARKET SIZE, BY THICKENER TYPE, 2016–2019 (KILOTON)
        TABLE 24 GREASE MARKET SIZE, BY THICKENER TYPE, 2020–2025 (KILOTON)
        TABLE 25 GREASE MARKET SIZE, BY THICKENER TYPE, 2016–2019 (USD MILLION)
        TABLE 26 GREASE MARKET SIZE, BY THICKENER TYPE, 2020–2025 (USD MILLION)
    7.2 METALLIC SOAP THICKENER
           7.2.1 HIGH DEMAND FOR LITHIUM TO DRIVE THE MARKET FOR METALLIC SOAP THICKENERS
                 FIGURE 28 APAC TO BE THE LARGEST MARKET FOR METALLIC SOAP THICKENER- BASED GREASE
                 TABLE 27 METALLIC SOAP THICKENER-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
                 TABLE 28 METALLIC SOAP THICKENER-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (KILOTON)
                 TABLE 29 METALLIC SOAP THICKENER-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 30 METALLIC SOAP THICKENER-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
           7.2.2 LITHIUM
           7.2.3 CALCIUM
           7.2.4 ALUMINUM
           7.2.5 SODIUM
           7.2.6 OTHER METALLIC SOAP THICKENERS
    7.3 NON-SOAP THICKENER
           7.3.1 DEMAND FOR POLYUREA TO FUEL THE MARKET
                 FIGURE 29 NORTH AMERICA TO BE THE SECOND-LARGEST MARKET IN NON-SOAP THICKENER SEGMENT
                 TABLE 31 NON-SOAP THICKENER-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
                 TABLE 32 NON-SOAP THICKENER-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (KILOTON)
                 TABLE 33 NON-SOAP THICKENER-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 34 NON-SOAP THICKENER-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    7.4 INORGANIC THICKENER
           7.4.1 EXCELLENT PROPERTIES, SUCH AS THERMAL STABILITY, WATER RESISTANCE, TO SPUR THE INORGANIC THICKENER-BASED GREASE MARKET GROWTH
                 FIGURE 30 APAC TO BE THE LARGEST MARKET IN INORGANIC THICKENER SEGMENT
                 TABLE 35 INORGANIC THICKENER-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
                 TABLE 36 INORGANIC THICKENER-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (KILOTON)
                 TABLE 37 INORGANIC THICKENER-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 38 INORGANIC THICKENER-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
           7.4.2 CLAY
           7.4.3 SILICA
    7.5 OTHERS
        FIGURE 31 EUROPE TO BE THE SECOND LARGEST MARKET IN OTHER THICKENERS SEGMENT
        TABLE 39 OTHER THICKENERS-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
        TABLE 40 OTHER THICKENERS-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (KILOTON)
        TABLE 41 OTHER THICKENERS-BASED GREASE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
        TABLE 42 OTHER THICKENERS-BASED GREASE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)

8 GREASE MARKET, BY END-USE INDUSTRY (Page No. - 102)
    8.1 INTRODUCTION
        FIGURE 32 AUTOMOTIVE TO BE THE LARGEST END-USE INDUSTRY
        TABLE 43 GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
        TABLE 44 GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
        TABLE 45 GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 46 GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
    8.2 AUTOMOTIVE
           8.2.1 DEMAND FROM APAC TO FUEL THE GREASE MARKET IN THIS SEGMENT
           8.2.2 IMPACT OF COVID-19 ON AUTOMOTIVE INDUSTRY
                 FIGURE 33 APAC TO BE THE LARGEST GREASE MARKET FOR AUTOMOTIVE INDUSTRY
                 TABLE 47 GREASE MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2016–2019 (KILOTON)
                 TABLE 48 GREASE MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2020–2025 (KILOTON)
                 TABLE 49 GREASE MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 50 GREASE MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.3 CONSTRUCTION
           8.3.1 DEMAND FOR HIGH-PERFORMANCE GREASE TO BOOST THE MARKET
           8.3.2 IMPACT OF COVID-19 ON CONSTRUCTION INDUSTRY
                 FIGURE 34 EUROPE TO BE THE THIRD-LARGEST MARKET IN CONSTRUCTION INDUSTRY
                 TABLE 51 GREASE MARKET SIZE IN CONSTRUCTION END-USE INDUSTRY, BY REGION, 2016–2019 (KILOTON)
                 TABLE 52 GREASE MARKET SIZE IN CONSTRUCTION END-USE INDUSTRY, BY REGION, 2020–2025 (KILOTON)
                 TABLE 53 GREASE MARKET SIZE IN CONSTRUCTION END-USE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 54 GREASE MARKET SIZE IN CONSTRUCTION END-USE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.4 GENERAL MANUFACTURING
           8.4.1 GROWTH OF MANUFACTURING SECTOR IN APAC TO PROPEL THE MARKET
           8.4.2 IMPACT OF COVID-19 ON MANUFACTURING INDUSTRY
                 FIGURE 35 NORTH AMERICA TO BE THE SECOND-LARGEST GREASE MARKET IN GENERAL MANUFACTURING INDUSTRY
                 TABLE 55 GREASE MARKET SIZE IN GENERAL MANUFACTURING END-USE INDUSTRY, BY REGION, 2016–2019 (KILOTON)
                 TABLE 56 GREASE MARKET SIZE IN GENERAL MANUFACTURING END-USE INDUSTRY, BY REGION, 2020–2025 (KILOTON)
                 TABLE 57 GREASE MARKET SIZE IN GENERAL MANUFACTURING END-USE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 58 GREASE MARKET SIZE IN GENERAL MANUFACTURING END-USE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.5 METAL PRODUCTION
           8.5.1 DEMAND FOR HIGH LOAD BEARABLE GREASE TO DRIVE THE MARKET
           8.5.2 IMPACT OF COVID-19 ON METAL PRODUCTION INDUSTRY
                 FIGURE 36 APAC TO BE THE LARGEST MARKET IN METAL PRODUCTION INDUSTRY
                 TABLE 59 GREASE MARKET SIZE IN METAL PRODUCTION END-USE INDUSTRY, BY REGION, 2016–2019 (KILOTON)
                 TABLE 60 GREASE MARKET SIZE IN METAL PRODUCTION END-USE INDUSTRY, BY REGION, 2020–2025 (KILOTON)
                 TABLE 61 GREASE MARKET SIZE IN METAL PRODUCTION END-USE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 62 GREASE MARKET SIZE IN METAL PRODUCTION END-USE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.6 MINING
           8.6.1 DEMAND FOR GREASE OPERATING AT EXTREME CONDITIONS IS INCREASING IN MINING INDUSTRY
           8.6.2 IMPACT OF COVID-19 ON MINING INDUSTRY
                 FIGURE 37 EUROPE TO BE THE SECOND LARGEST GREASE MARKET IN MINING INDUSTRY
                 TABLE 63 GREASE MARKET SIZE IN MINING END-USE INDUSTRY, BY REGION, 2016–2019 (KILOTON)
                 TABLE 64 GREASE MARKET SIZE IN MINING END-USE INDUSTRY, BY REGION, 2020–2025 (KILOTON)
                 TABLE 65 GREASE MARKET SIZE IN MINING END-USE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 66 GREASE MARKET SIZE IN MINING END-USE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.7 POWER GENERATION
           8.7.1 ONE OF THE FASTEST GROWING END-USE INDUSTRIES OF GREASE
           8.7.2 IMPACT OF COVID-19 ON POWER GENERATION INDUSTRY
                 FIGURE 38 APAC TO BE THE LARGEST GREASE MARKET IN POWER GENERATION INDUSTRY
                 TABLE 67 GREASE MARKET SIZE IN POWER GENERATION END-USE INDUSTRY, BY REGION, 2016–2019 (KILOTON)
                 TABLE 68 GREASE MARKET SIZE IN POWER GENERATION END-USE INDUSTRY, BY REGION, 2020–2025 (KILOTON)
                 TABLE 69 GREASE MARKET SIZE IN POWER GENERATION END-USE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 70 GREASE MARKET SIZE IN POWER GENERATION END-USE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.8 FOOD & BEVERAGE
           8.8.1 DEMAND FOR PACKAGED FOOD TO DRIVE THE MARKET
           8.8.2 IMPACT OF COVID-19 ON FOOD & BEVERAGE INDUSTRY
                 FIGURE 39 NORTH AMERICA TO BE THE LARGEST GREASE MARKET IN FOOD & BEVERAGE INDUSTRY
                 TABLE 71 GREASE MARKET SIZE IN FOOD & BEVERAGE END-USE INDUSTRY, BY REGION, 2016–2019 (KILOTON)
                 TABLE 72 GREASE MARKET SIZE IN FOOD & BEVERAGE END-USE INDUSTRY, BY REGION, 2020–2025 (KILOTON)
                 TABLE 73 GREASE MARKET SIZE IN FOOD & BEVERAGE END-USE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 74 GREASE MARKET SIZE IN FOOD & BEVERAGE END-USE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.9 OTHERS
        FIGURE 40 NORTH AMERICA TO BE THE SECOND-LARGEST MARKET IN OTHER END-USE INDUSTRIES
        TABLE 75 GREASE MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2016–2019 (KILOTON)
        TABLE 76 GREASE MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2020–2025 (KILOTON)
        TABLE 77 GREASE MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2016–2019 (USD MILLION)
        TABLE 78 GREASE MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2020–2025 (USD MILLION)

9 GREASE MARKET, BY REGION (Page No. - 124)
    9.1 INTRODUCTION
        FIGURE 41 APAC TO BE THE FASTEST-GROWING GREASE MARKET
        TABLE 79 GREASE MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
        TABLE 80 GREASE MARKET SIZE, BY REGION, 2020–2025 (KILOTON)
        TABLE 81 GREASE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
        TABLE 82 GREASE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    9.2 APAC
           9.2.1 IMPACT OF COVID-19 ON APAC GREASE MARKET
                 FIGURE 42 APAC: GREASE MARKET SNAPSHOT
                 TABLE 83 APAC: GREASE MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
                 TABLE 84 APAC: GREASE MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON)
                 TABLE 85 APAC: GREASE MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 86 APAC: GREASE MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                 TABLE 87 APAC: GREASE MARKET SIZE, BY THICKENER TYPE, 2016–2019 (KILOTON)
                 TABLE 88 APAC: GREASE MARKET SIZE, BY THICKENER TYPE, 2020–2025 (KILOTON)
                 TABLE 89 APAC: GREASE MARKET SIZE, BY THICKENER TYPE, 2016–2019 (USD MILLION)
                 TABLE 90 APAC: GREASE MARKET SIZE, BY THICKENER TYPE, 2020–2025 (USD MILLION)
                 TABLE 91 APAC: GREASE MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                 TABLE 92 APAC: GREASE MARKET SIZE, BY BASE OIL, 2020–2025 (KILOTON)
                 TABLE 93 APAC: GREASE MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                 TABLE 94 APAC: GREASE MARKET SIZE, BY BASE OIL, 2020–2025 (USD MILLION)
                 TABLE 95 APAC: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                 TABLE 96 APAC: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                 TABLE 97 APAC: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 98 APAC: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.2.2 CHINA
                    9.2.2.1 Economic growth mainly supporting the growth of grease market
                            TABLE 99 CHINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 100 CHINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 101 CHINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 102 CHINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.2.3 JAPAN
                    9.2.3.1 Demand from automotive sector to drive the market
                            TABLE 103 JAPAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 104 JAPAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 105 JAPAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 106 JAPAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.2.4 INDIA
                    9.2.4.1 Rising industrialization to propel the market
                            TABLE 107 INDIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 108 INDIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 109 INDIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 110 INDIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.2.5 AUSTRALIA
                    9.2.5.1 Growing demand from mining and construction industries to boost the market
                            TABLE 111 AUSTRALIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 112 AUSTRALIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 113 AUSTRALIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 114 AUSTRALIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.2.6 SOUTH KOREA
                    9.2.6.1 Automotive industry propelling the market
                            TABLE 115 SOUTH KOREA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 116 SOUTH KOREA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 117 SOUTH KOREA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 118 SOUTH KOREA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.2.7 THAILAND
                    9.2.7.1 Country’s growth as a goods trading partner to drive the market
                            TABLE 119 THAILAND: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 120 THAILAND: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 121 THAILAND: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 122 THAILAND: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
    9.3 NORTH AMERICA
           9.3.1 IMPACT OF COVID-19 ON NORTH AMERICAN GREASE MARKET
                 FIGURE 43 NORTH AMERICA: GREASE MARKET SNAPSHOT
                 TABLE 123 NORTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
                 TABLE 124 NORTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON)
                 TABLE 125 NORTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 126 NORTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                 TABLE 127 NORTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2016–2019 (KILOTON)
                 TABLE 128 NORTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2020–2025 (KILOTON)
                 TABLE 129 NORTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2016–2019 (USD MILLION)
                 TABLE 130 NORTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2020–2025 (USD MILLION)
                 TABLE 131 NORTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                 TABLE 132 NORTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2020–2025 (KILOTON)
                 TABLE 133 NORTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                 TABLE 134 NORTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2020–2025 (USD MILLION)
                 TABLE 135 NORTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                 TABLE 136 NORTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                 TABLE 137 NORTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 138 NORTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.3.2 US
                    9.3.2.1 Strong industrial infrastructure likely to fuel the grease market
                            TABLE 139 US: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 140 US: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 141 US: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 142 US: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.3.3 CANADA
                    9.3.3.1 Automotive industry to boost the demand for grease
                            TABLE 143 CANADA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 144 CANADA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 145 CANADA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 146 CANADA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.3.4 MEXICO
                    9.3.4.1 Rising industrialization to propel the grease market
                            TABLE 147 MEXICO: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 148 MEXICO: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 149 MEXICO: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 150 MEXICO: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
    9.4 EUROPE
           9.4.1 IMPACT OF COVID-19 ON EUROPEAN GREASE MARKET
                 FIGURE 44 EUROPE: GREASE MARKET SNAPSHOT
                 TABLE 151 EUROPE: GREASE MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
                 TABLE 152 EUROPE: GREASE MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON)
                 TABLE 153 EUROPE: GREASE MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 154 EUROPE: GREASE MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                 TABLE 155 EUROPE: GREASE MARKET SIZE, BY THICKENER TYPE, 2016–2019 (KILOTON)
                 TABLE 156 EUROPE: GREASE MARKET SIZE, BY THICKENER TYPE, 2020–2025 (KILOTON)
                 TABLE 157 EUROPE: GREASE MARKET SIZE, BY THICKENER TYPE, 2016–2019 (USD MILLION)
                 TABLE 158 EUROPE: GREASE MARKET SIZE, BY THICKENER TYPE, 2020–2025 (USD MILLION)
                 TABLE 159 EUROPE: GREASE MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                 TABLE 160 EUROPE: GREASE MARKET SIZE, BY BASE OIL, 2020–2025 (KILOTON)
                 TABLE 161 EUROPE: GREASE MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                 TABLE 162 EUROPE: GREASE MARKET SIZE, BY BASE OIL, 2020–2025 (USD MILLION)
                 TABLE 163 EUROPE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                 TABLE 164 EUROPE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                 TABLE 165 EUROPE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 166 EUROPE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.4.2 GERMANY
                    9.4.2.1 Rising government expenditure on manufacturing sector to be an opportunity for the market
                            TABLE 167 GERMANY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 168 GERMANY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 169 GERMANY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 170 GERMANY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.4.3 UK
                    9.4.3.1 Automotive and construction are the major drivers for the UK market
                            TABLE 171 UK: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 172 UK: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 173 UK: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 174 UK: GREASE MARKET SIZE, BY END-USE INDUSTRY, “2020–2025 (USD MILLION)
           9.4.4 FRANCE
                    9.4.4.1 Increasing spending power due to economic growth leading to demand for synthetic grease
                            TABLE 175 FRANCE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 176 FRANCE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 177 FRANCE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 178 FRANCE: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.4.5 ITALY
                    9.4.5.1 Automotive industry propelling the market
                            TABLE 179 ITALY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 180 ITALY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 181 ITALY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 182 ITALY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.4.6 RUSSIA
                    9.4.6.1 Well-established oil & gas industry to augment the demand for grease
                            TABLE 183 RUSSIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 184 RUSSIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 185 RUSSIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 186 RUSSIA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
    9.5 MIDDLE EAST & AFRICA
           9.5.1 IMPACT OF COVID-19 ON MIDDLE EAST & AFRICAN GREASE MARKET
                 TABLE 187 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
                 TABLE 188 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY COUNTRY, 2020-2025 (KILOTON)
                 TABLE 189 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 190 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
                 TABLE 191 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2016–2019 (KILOTON)
                 TABLE 192 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2020–2025 (KILOTON)
                 TABLE 193 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2016–2019 (USD MILLION)
                 TABLE 194 MIDDLE EAST: GREASE MARKET SIZE, BY THICKENER TYPE, 2020–2025 (USD MILLION)
                 TABLE 195 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                 TABLE 196 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY BASE OIL, 2020–2025 (KILOTON)
                 TABLE 197 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                 TABLE 198 MIDDLE EAST: GREASE MARKET SIZE, BY BASE OIL, 2020–2025 (USD MILLION)
                 TABLE 199 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                 TABLE 200 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                 TABLE 201 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 202 MIDDLE EAST & AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.5.2 IRAN
                    9.5.2.1 Second-largest country in the Middle East & African grease market
                            TABLE 203 IRAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 204 IRAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 205 IRAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 206 IRAN: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.5.3 SOUTH AFRICA
                    9.5.3.1 Demand from transportation industry to spur the market growth
                            TABLE 207 SOUTH AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 208 SOUTH AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 209 SOUTH AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 210 SOUTH AFRICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.5.4 EGYPT
                    9.5.4.1 Third-largest grease market in the Middle East & Africa
                            TABLE 211 EGYPT: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 212 EGYPT: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 213 EGYPT: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 214 EGYPT: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.5.5 TURKEY
                    9.5.5.1 Favorable geographical location to support market growth
                            TABLE 215 TURKEY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 216 TURKEY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 217 TURKEY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 218 TURKEY: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
    9.6 SOUTH AMERICA
           9.6.1 IMPACT OF COVID-19 ON SOUTH AMERICAN GREASE MARKET
                 TABLE 219 SOUTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
                 TABLE 220 SOUTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON)
                 TABLE 221 SOUTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 222 SOUTH AMERICA: GREASE MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                 TABLE 223 SOUTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2016–2019 (KILOTON)
                 TABLE 224 SOUTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2020–2025 (KILOTON)
                 TABLE 225 SOUTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2016–2019 (USD MILLION)
                 TABLE 226 SOUTH AMERICA: GREASE MARKET SIZE, BY THICKENER TYPE, 2020–2025 (USD MILLION)
                 TABLE 227 SOUTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                 TABLE 228 SOUTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2020–2025 (KILOTON)
                 TABLE 229 SOUTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                 TABLE 230 SOUTH AMERICA: GREASE MARKET SIZE, BY BASE OIL, 2020–2025 (USD MILLION)
                 TABLE 231 SOUTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                 TABLE 232 SOUTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                 TABLE 233 SOUTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 234 SOUTH AMERICA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.6.2 BRAZIL
                    9.6.2.1 Largest grease market in South America
                            TABLE 235 BRAZIL: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 236 BRAZIL: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 237 BRAZIL: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 238 BRAZIL: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
           9.6.3 ARGENTINA
                    9.6.3.1 Rising vehicle sales likely to drive the market
                            TABLE 239 ARGENTINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                            TABLE 240 ARGENTINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON)
                            TABLE 241 ARGENTINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 242 ARGENTINA: GREASE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 201)
     10.1 COMPETITIVE LEADERSHIP MAPPING, TIER 1 COMPANIES
             10.1.1 STAR
             10.1.2 EMERGING LEADERS
                    FIGURE 45 GREASE MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
     10.2 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 46 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN GREASE MARKET
     10.3 BUSINESS STRATEGY EXCELLENCE
          FIGURE 47 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN GREASE MARKET
     10.4 COMPETITIVE LEADERSHIP MAPPING, 2019 (SMALL AND MEDIUM-SIZED ENTERPRISES)
             10.4.1 PROGRESSIVE COMPANIES
             10.4.2 RESPONSIVE COMPANIES
             10.4.3 DYNAMIC COMPANIES
             10.4.4 STARTING BLOCKS
                    FIGURE 48 GREASE MARKET (SMALL AND MEDIUM-SIZED ENTERPRISES) COMPETITIVE LEADERSHIP MAPPING, 2019
     10.5 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 49 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN GREASE MARKET
     10.6 BUSINESS STRATEGY EXCELLENCE
          FIGURE 50 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN GREASE MARKET
     10.7 MARKET SHARE ANALYSIS
          FIGURE 51 GREASE MARKET SHARE, BY COMPANY, 2019
     10.8 COMPETITIVE SCENARIO
             10.8.1 NEW PRODUCT LAUNCH
                    TABLE 243 NEW PRODUCT LAUNCH, 2016–2020
             10.8.2 EXPANSION
                    TABLE 244 EXPANSION, 2016–2020
             10.8.3 ACQUISITION
                    TABLE 245 ACQUISITION, 2016–2020
             10.8.4 AGREEMENT
                    TABLE 246 AGREEMENT, 2016–2020

11 COMPANY PROFILES (Page No. - 212)
(Business Overview, Products Offered, Recent Developments, winning imperative, short-term strategies, Current Focus and Strategies, Threat from Competition, Right to Win)*
     11.1 ROYAL DUTCH SHELL PLC
          FIGURE 52 ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT
     11.2 CHEVRON CORPORATION
          FIGURE 53 CHEVRON CORPORATION: COMPANY SNAPSHOT
     11.3 IDEMITSU KOSAN CO., LTD.
          FIGURE 54 IDEMITSU KOSAN CO., LTD: COMPANY SNAPSHOT
     11.4 SINOPEC CORPORATION
          FIGURE 55 SINOPEC CORPORATION: COMPANY SNAPSHOT
     11.5 TOTAL S.A.
          FIGURE 56 TOTAL S.A.: COMPANY SNAPSHOT
     11.6 FUCHS PETROLUB SE
          FIGURE 57 FUCHS PETROLUB SE: COMPANY SNAPSHOT
     11.7 EXXONMOBIL CORPORATION
          FIGURE 58 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT
     11.8 PETROLIAM NASIONAL BERHAD (PETRONAS)
          FIGURE 59 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY SNAPSHOT
     11.9 BP P.L.C.
          FIGURE 60 BP P.L.C.: COMPANY SNAPSHOT
     11.10 THE DOW CHEMICAL COMPANY
           FIGURE 61 THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
     11.11 JX NIPPON OIL & ENERGY CORPORATION
           FIGURE 62 JX NIPPON OIL & ENERGY CORPORATION: COMPANY SNAPSHOT
     11.12 VALVOLINE LLC
           FIGURE 63 VALVOLINE LLC: COMPANY SNAPSHOT
     11.13 OTHER MARKET PLAYERS
             11.13.1 AXEL AMERICAS LLC
             11.13.2 BALMER LAWRIE & CO. LTD.
             11.13.3 BEL-RAY COMPANY, LLC
             11.13.4 CHEMTOOL INC.
             11.13.5 CITGO PETROLEUM CORPORATION
             11.13.6 HARRISON MANUFACTURING CO. PTY LTD.
             11.13.7 HEXOL INTERNATIONAL LTD.
             11.13.8 INDIAN OIL CORPORATION LTD.
             11.13.9 LUBRI-LAB INC.
             11.13.10 LUKEOIL
             11.13.11 MARATHON PETROLEUM CORPORATION
             11.13.12 PENRITE OIL COMPANY
             11.13.13 PHILLIPS 66 LUBRICANTS

*Details on Business Overview, Products Offered, Recent Developments, winning imperative, short-term strategies, Current Focus and Strategies, Threat from Competition, Right to Win might not be captured in case of unlisted companies.

12 ADJACENT & RELATED MARKETS (Page No. - 247)
     12.1 INTRODUCTION
     12.2 LIMITATION
     12.3 BASE OIL MARKET
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
     12.4 BASE OIL MARKET, BY TYPE
          TABLE 247 BASE OIL MARKET SIZE, BY GROUP, 2017–2024 (USD MILLION)
          TABLE 248 BASE OIL MARKET SIZE, BY GROUP, 2017–2024 (KILOTON)
     12.5 BASE OIL MARKET, BY REGION
          TABLE 249 BASE OIL MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
          TABLE 250 BASE OIL MARKET SIZE, BY REGION, 2017–2024 (KILOTON)
     12.6 LUBRICANTS MARKET
             12.6.1 MARKET DEFINITION
             12.6.2 MARKET OVERVIEW
                        12.6.2.1 Expansion of refinery capacities driving the market for Group II and Group III base oil
                        12.6.2.2 Emission and fuel economy norms to drive demand for lubricants in emerging markets after COVID-19
                        12.6.2.3 Growth in demand for hybrid vehicles and increasing battery price parity
     12.7 LUBRICANTS MARKET, BY END-USE INDUSTRY
          TABLE 251 LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
          TABLE 252 LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
     12.8 LUBRICANTS MARKET, BY REGION
          TABLE 253 LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
          TABLE 254 LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)

13 APPENDIX (Page No. - 254)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities in estimating the market size for grease market. 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. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Primary Research

The grease market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the cosmetics, food, and pharmaceuticals industries. 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.

Grease Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the grease market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry were identified through extensive secondary research.

  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

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 in the personal care industry.

Report Objectives

  • To analyze and forecast the size of the grease market in terms of value and volume
  • To provide detailed information regarding key factors, such as drivers, restraints, challenges and opportunities influencing the growth of the market
  • To define, describe, and segment the grease market based on thickener type, base oil and end-use industry
  • To forecast the size of the market segments for regions such as APAC, North America, Europe, South America, and the Middle East & Africa
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To strategically profile key players and comprehensively analyze their core competencies

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 thickener type

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Grease Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Grease Market

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Published ON
Sep, 2020
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