The global market for lubricating grease market was valued at USD 4.04 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2035. The market is expected to continue evolving due to advancements in formulation and rising demand across various industrial sectors. The properties of grease make it an essential component that is propelling the market's growth.

Lubricating grease is a semi-solid lubricant that is used extensively in a variety of industrial and automotive applications to lessen wear, corrosion, and friction between moving parts. It is made of base oil that has been thickened with a substance that resembles soap. It sticks to surfaces and creates a protective layer that preserves the longevity and performance of equipment.

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GROWTH DRIVERS

The requirement for industrial machinery is growing significantly across a number of industries, including mining, construction, and manufacturing. As machinery usage increases, so will the necessity for efficient and seamless operation, where lubricating grease is essential.

The seamless operation of vehicle components thanks to lubricating grease indicates that as the automotive sector expands, so will the need for grease. Road, bridge, railroad, and building construction are examples of infrastructure development projects that call for large, grease-lubricating machinery and equipment.

MARKET SEGMENTATION:

·         By Base Type – Mineral Oil, Synthetic oil, Bio-based and others

·         By Thickener Type – Lithium, Lithium Complex, Polyurea, Calcium Sulfonate, Aluminum Complex and others

·         By End User - Automotive, Construction, Manufacturing, Metal Production, Minning, Power Generation, Agriculture and others

·         By Region - North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Global Key Players:

·         Shell Plc

·         BP

·         Chevron Industries

·         Idemitsu

·         Sinopec

·         Valvoline

·         Total Energies

·         Petronas

·         FUCHS

·         Petromin

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