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Grease Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

Grease Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Grease Market: By Base Oil Type (Mineral, Synthetic, Bio-Based, Others), By Thickener Type (Metallic Soap, Non-Soap, Inorganic, Others), By End Use Industry (Automotive, Construction, General Manufacturing, Metal, Mining, Food & Beverage, Power, Others) and Geography

 

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Report

Description

Grease Market size was valued at USD 3,629.4 million in 2021 and is expected to grow at a CAGR of 4.5% during the forecast period  2022 to 2028. The global market report provides a thorough overview of the Grease Market, which can be segmented by Base Oil Type, Thickener Type, End-Use Industry, and Geography. Based on the base oil type, the Grease Market is segmented into Mineral, Synthetic, Bio-Based, and Others. In 2021 and the anticipated period, the synthetic oil segment can be estimated to grow the most in the forecast period owing to the advanced technology used in oil manufacturing and the advanced functionality these types of oil provide. Moreover, the mineral oil segment is also about to experience a considerable amount of growth due to its widespread application range and availability of more variants. Based on thickener type, the segment has been segregated into simple soap, complex soap, non-soap, inorganic soap, and others. Complex soap is the most used in the forecast period owing to the exceptional stability and functionality the complex soap provides in the grease product. The non-soap materials provide oxidative stability to the grease materials. These are increasing demands and are estimated to follow the complex soap market expansion. Based on the End User, the grease market is segmented into Automotive, Construction, General Manufacturing, Metal, Mining, Food & Beverage, Power, and Others. The automotive segment is leading in 2021 and can be expected to lead in the future, also. Still, the transition of the automotive industry from IC engines to electric motors will hamper the market growth in the forecast period. General manufacturing, metal, mining, and power sector are to witness a constant year-over-year growth of grease demand and sell as these industries are expected to grow in the forecast period.

Grease Market

MARKET SUMMARY
-
4.5% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.5%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Asia Pacific

Grease Market

  • Global Grease Market report gives a comprehensive outlook on glycol ethers across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
  • The report on the global grease market gives historical, current, and future market sizes (US$ Mn) on the basis of product, application, end-user, and region.
Key Players
  • Royal Dutch Shell Plc
  • Chevron Corporation
  • Idemitsu Kosan Co., Ltd.
  • Sinopec Corporation
  • Total S.A.
  • Fuchs Petrolub SE
  • Exxonmobil Corporation
Grease Market Dynamics

Drivers: High-performance grease is widely used in wind power plants to remove residue and ensure cleaner operations, which is helping the market expand. In addition, the expansion of the grease market is predicted to be fueled by the adoption of several government programs to promote the use of bio-based grease and the rise in product demand in the manufacturing industry.

Asia-Pacific Got Significant Share

Grease Market

By region, in 2021, the grease market was dominated by the Asia-Pacific region in terms of revenue due to the rapid urbanization of developing nations. Currently, China is the country that consumes the most grease. Due to its extensive manufacturing activity across various industries and its fast-paced development in the industrial and automotive sectors, the nation now ranks among the world's top consumers and producers of grease.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share and forecast from 2022-2028
  • The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
Grease Market Segmentation

segmentation-block-image

By Base Oil Type

    • Mineral
    • Synthetic
    • Bio-Based
    • Others
segmentation-block-image

By Thickener Type

    • Metallic Soap
    • Non-Soap
    • Inorganic
    • Others
segmentation-block-image

By End Use Industry

    •  Automotive
    • Construction
    • General Manufacturing
    • Metal, Mining
    • Food & Beverage
    • Power
    • Others
Location

GEOGRAPHY

Frequently Asked Questions

The enormous growth of the global vehicle sector is creating a favorable picture for the market. Grease is widely used to lubricate U-joints, control arm shafts, ball joints, tie-rod ends, suspension, and chassis. As a result, increased demand for high-performance automobiles is encouraging market growth. Due to its stability and temperature tolerance, grease also helps to reduce wear and tear on a variety of auto parts, including switches, connectors, wheel bearings, and gears. Thus the automotive section to grow the most in the forecast period.

 

Royal Dutch Shell Plc, Chevron Corporation, Idemitsu Kosan Co., Ltd., Sinopec Corporation, Total S.A., Fuchs Petrolub SE, ExxonMobil Corporation, Petroliam Nasional Berhad (Petronas), BP P.L.C., The Dow Chemical Company.

Apart from growth opportunities in the automotive sector, Grease is essential in the production of chemicals; hence, the expansion of the global chemical sector directly affects the grease market. Additionally, a sizeable portion of grease is consumed in the building sector, particularly in the metalworking sector. Several new projects in the Asia Pacific area are anticipated to increase the grease market in this region. Grease is becoming a more popular lubricant than oil in various end-use industries, including chemical, food, and beverage, on- and off-road autos, and other end-use industries.

The grease market’s most important end-use sector is automotive. Grease demand in the automotive and transportation sectors is being driven by rising sales of passenger and commercial vehicles. Due to the excellent properties of grease, including its tolerance to temperature changes, mechanical stability, anti-oxidant properties, and water resistance, it is used in the automotive industry for a variety of applications in various auto parts, including universal joints, automotive bearings, switches, gear, and suspension.

Report

Table Of Content

1. Executive Summary
2. Global Grease Market Introduction
2.1. Global Grease Market – Taxonomy
2.2. Global Grease Market –Definitions
2.2.1. By Base Oil Type
2.2.2. By Thickener Type
2.2.3. By End Use Industry
2.2.4. By Region
3. Global Grease Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Grease Market Dynamic Factors – Impact Analysis
3.6. Global Grease Market – Competition Landscape
4. Global Grease Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Grease Market, By Base Oil Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn ) 
5.1. Mineral
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Synthetic
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Bio-Based
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Others
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Grease Market, By Thickener Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
6.1. Metallic Soap
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Non-Soap
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Inorganic
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Grease Market, By End-Use Industry, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
7.1. Automotive
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Construction
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. General Manufacturing
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Metal
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Mining
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Food and Beverage
7.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Power
7.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
8. Global Grease Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn ) 
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Latin America
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Europe
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Asia-Pacific
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Grease Market – Opportunity Analysis Index, By Base Oil Type, By Thickener Type, By End User Industry, and Region, 2022 – 2028
9. North America Global Grease Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn ) 
9.1. Base Oil Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Mineral
9.1.2. Synthetic
9.1.3. Bio-Based
9.1.4. Others
9.2. By Thickener Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Metallic Soap
9.2.2. Non-Soap
9.2.3. Inorganic
9.2.4. Others
9.3. By End User Industry Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.3.1. Automotive
9.3.2. Construction
9.3.3. General Manufacturing
9.3.4. Metal
9.3.5. Mining
9.3.6. Food & Beverage
9.3.7. Power
9.3.8. Others
9.4. By Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.4.1. United States
9.4.2. Canada
9.5. North America Global Grease Market – Opportunity Analysis Index, By Base Oil Type, By Thickener Type, By End User and By Country 2022 – 2028
9.6. North America Global Grease Market Dynamics – Trends
10. Europe Global Grease Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn ) 
10.1. Base Oil Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Mineral
10.1.2. Synthetic
10.1.3. Bio-Based
10.1.4. Others
10.2. By Thickener Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Metallic Soap
10.2.2. Non-Soap
10.2.3. Inorganic
10.2.4. Others
10.3. By End User Industry Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Automotive
10.3.2. Construction
10.3.3. General Manufacturing
10.3.4. Metal
10.3.5. Mining
10.3.6. Food & Beverage
10.3.7. Power
10.3.8. Others
10.4. By Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.4.1. Germany
10.4.2. United Kingdom
10.4.3. Spain
10.4.4. Italy
10.4.5. France
10.4.6. Russia
10.4.7. Norway
10.4.8. Rest of Europe
10.5. Europe Global Grease Market – Opportunity Analysis Index, By Base Oil Type, By Thickener Type, By End User and By Country 2022 – 2028
10.6. Europe Global Grease Market Dynamics – Trends
11. Asia-Pacific Global Grease Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Base Oil Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Mineral
11.1.2. Synthetic
11.1.3. Bio-Based
11.1.4. Others
11.2. By Thickener Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Metallic Soap
11.2.2. Non-Soap
11.2.3. Inorganic
11.2.4. Others
11.3. By End User Industry Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Automotive
11.3.2. Construction
11.3.3. General Manufacturing
11.3.4. Metal
11.3.5. Mining
11.3.6. Food & Beverage
11.3.7. Power
11.3.8. Others
11.4. By Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. South Korea
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Global Grease Market – Opportunity Analysis Index, By Base Oil Type, By Thickener Type, By End User and By Country 2022 – 2028
11.6. Asia-Pacific Global Grease Market Dynamics – Trends
12. Latin America Global Grease Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Base Oil Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Mineral
12.1.2. Synthetic
12.1.3. Bio-Based
12.1.4. Others
12.2. By Thickener Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Metallic Soap
12.2.2. Non-Soap
12.2.3. Inorganic
12.2.4. Others
12.3. By End User Industry Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Automotive
12.3.2. Construction
12.3.3. General Manufacturing
12.3.4. Metal
12.3.5. Mining
12.3.6. Food & Beverage
12.3.7. Power
12.3.8. Others
12.4. By Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Global Grease Market – Opportunity Analysis Index, By Base Oil Type, By Thickener Type, By End User and By Country 2022 – 2028
12.6. Latin America Global Grease Market Dynamics – Trends
13. Middle East and Africa Global Grease Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Base Oil Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Mineral
13.1.2. Synthetic
13.1.3. Bio-Based
13.1.4. Others
13.2. By Thickener Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Metallic Soap
13.2.2. Non-Soap
13.2.3. Inorganic
13.2.4. Others
13.3. By End User Industry Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Automotive
13.3.2. Construction
13.3.3. General Manufacturing
13.3.4. Metal
13.3.5. Mining
13.3.6. Food & Beverage
13.3.7. Power
13.3.8. Others
13.4. By Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.4.1. Middle East
13.4.2. South Africa
13.4.3. Israel
13.4.4. Argentina
13.4.5. Rest of Latin America
13.5. Middle East and Africa Grease Market – Opportunity Analysis Index, By Base Oil Type, By Thickener Type, By End User and By Country 2022 – 2028
13.6. Middle East and Africa Grease Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Base Oil & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Royal Dutch Shell Plc
14.2.2. Chevron Corporation
14.2.3. Idemitsu Kosan Co., Ltd.
14.2.4. Sinopec Corporation
14.2.5. Total S.A.
14.2.6. Fuchs Petrolub SE
14.2.7. Exxonmobil Corporation
14.2.8. Petroliam Nasional Berhad (Petronas)
14.2.9. BP P.L.C.
14.2.10. The Dow Chemical Company
14.2.11. JX Nippon Oil & Energy Corporation
14.2.12. Valvoline Llc
14.2.13. Axel Americas Llc
14.2.14. Balmer Lawrie & Co. LTD.
14.2.15. BEL-RAY COMPANY, LLC
14.2.16. Chemtool Inc.
14.2.17. Citgo Petroleum Corporation
14.2.18. Harrison Manufacturing Co. Pty ltd.
14.2.19. Hexol International Ltd.
14.2.20. Indian Oil Corporation Ltd.
14.2.21. Lubri-lab inc.
14.2.22. Lukeoil
14.2.23. Marathon Petroleum Corporation
14.2.24. Penrite Oil Company
14.2.25. Phillips
15. Research Methodology
16. Key Assumptions and Acronyms
Report

Company Profile

  • Royal Dutch Shell Plc
  • Chevron Corporation
  • Idemitsu Kosan Co., Ltd.
  • Sinopec Corporation
  • Total S.A.
  • Fuchs Petrolub SE
  • Exxonmobil Corporation
  • Petroliam Nasional Berhad (Petronas)
  • BP P.L.C.
  • The Dow Chemical Company
  • JX Nippon Oil & Energy Corporation
  • Valvoline Llc
  • Axel Americas Llc
  • Balmer Lawrie & Co. LTD.
  • BEL-RAY COMPANY, LLC
  • Chemtool Inc.
  • Citgo Petroleum Corporation
  • Harrison Manufacturing Co. Pty ltd.
  • Hexol International Ltd.
  • Indian Oil Corporation Ltd.
  • Lubri-lab inc.
  • Lukeoil
  • Marathon Petroleum Corporation
  • Penrite Oil Company
  • Phillips

Description

Grease Market size was valued at USD 3,629.4 million in 2021 and is expected to grow at a CAGR of 4.5% during the forecast period  2022 to 2028. The global market report provides a thorough overview of the Grease Market, which can be segmented by Base Oil Type, Thickener Type, End-Use Industry, and Geography. Based on the base oil type, the Grease Market is segmented into Mineral, Synthetic, Bio-Based, and Others. In 2021 and the anticipated period, the synthetic oil segment can be estimated to grow the most in the forecast period owing to the advanced technology used in oil manufacturing and the advanced functionality these types of oil provide. Moreover, the mineral oil segment is also about to experience a considerable amount of growth due to its widespread application range and availability of more variants. Based on thickener type, the segment has been segregated into simple soap, complex soap, non-soap, inorganic soap, and others. Complex soap is the most used in the forecast period owing to the exceptional stability and functionality the complex soap provides in the grease product. The non-soap materials provide oxidative stability to the grease materials. These are increasing demands and are estimated to follow the complex soap market expansion. Based on the End User, the grease market is segmented into Automotive, Construction, General Manufacturing, Metal, Mining, Food & Beverage, Power, and Others. The automotive segment is leading in 2021 and can be expected to lead in the future, also. Still, the transition of the automotive industry from IC engines to electric motors will hamper the market growth in the forecast period. General manufacturing, metal, mining, and power sector are to witness a constant year-over-year growth of grease demand and sell as these industries are expected to grow in the forecast period.

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