Market Leader - Grease Market
In terms of value, the grease market is estimated to grow from USD 6.2 billion in 2024 to USD 7.4 billion by 2029, at a CAGR of 4.2%. Grease market have grown as the demand from end-use industries such as automotive is mounted immensely due to large production of vehicles especially passenger cars worldwide.
The key players profiled in the report include ExxonMobil Corporation (US), TotalEnergies SE (France), Shell Plc. (UK), Chevron Corporation (US), BP p.l.c. (UK) Fuchs Petrolub SE (Germany), Valvoline Inc. (US), China Petroleum & Chemical Corporation (China) among others. The grease market has witnessed insignificant growth in the past few years; rise in automation in various industries to drive the growth of this market. Market players are introducing new technologies, acquisitions, collaborations and features to acquire larger market shares.
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ExxonMobil stands as one of the world's largest and most influential energy corporations, renowned for its extensive global operations and pioneering advancements in the oil and gas industry. With a rich history dating back over a century, ExxonMobil has established itself as one of the global leaders in exploration, production, refining, and distribution of petroleum products, serving diverse markets spanning from transportation and industrial sectors to commercial and consumer applications. Its unwavering commitment to innovation and technological excellence has propelled the company to the forefront of energy development, continually driving efficiency, sustainability, and reliability across its operations.
Chevron Corporation stands as a global energy giant renowned for its extensive presence across the entire spectrum of the oil and gas industry. With a legacy spanning over a century, Chevron has established itself as a key player in exploration, production, refining, and marketing of petroleum products worldwide. Its operations encompass diverse sectors including upstream exploration and production, downstream refining and marketing, and renewable energy initiatives. Chevron's commitment to innovation, safety, and sustainability underscores its leadership in delivering reliable energy solutions to meet the world's growing demand. Chevron's grease solutions help optimize equipment efficiency, reduce maintenance costs, and enhance operational reliability for customers worldwide. With a focus on continuous improvement and customer-centric innovation, Chevron remains at the forefront of lubrication technology, delivering value and performance that customers can trust.
Related Reports:
Grease Market by Base Oil (Mineral, Synthetic, Bio-based), Thickener Type (Metallic Soap, Non-soap, Inorganic), End-Use Industry (Automotive, Construction, General Manufacturing, Agriculture, Mining, Power Generation) - Global Forecast to 2029
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