Lubricating Grease Market Report 2025 (Global Edition)

Global Lubricating Grease Market Report 2025 Market Size Split by Type (Calcium-Based Grease, Lithium-Based Grease, Barium Complex Grease, Aluminum Complex Grease, Others), by Base Oil (Mineral Oils, ...

Lubricating Grease Market Report Description

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Lubricating Grease Market Insights Video

Competitive Landscape of the Lubricating Grease Market

The competitive landscape of the lubricating grease market is characterized by the presence of several key players, including multinational corporations like ExxonMobil, Shell, and BP, alongside regional manufacturers. These companies focus on innovation, expanding their product portfolios to include high-performance and eco-friendly greases. Strategic partnerships, mergers, and acquisitions are common as firms aim to enhance market reach and operational efficiency. Additionally, increasing investment in research and development is driving advancements in formulations, catering to the evolving needs of diverse industries.

In March 2021, ENSO Oils & Lubricants has teamed up with Gazpromneft-Lubricants, a subsidiary of Gazprom Neft PJSC, to enhance the distribution of lubricant products in South Asia. As part of this partnership, ENSO will import and distribute Gazpromneft-Lubricants' diverse range of oils and lubricants to cater to the requirements of various industries in India. (Source: https://www.ensogroup.com/gazpromneft-lubricants-and-enso-global-trading-partner-to-expand-lubricant-supplies-to-india/) In March 2022, ExxonMobil Corporation has named Jay Hooley as the lead managing director of the company. (Source: https://corporate.exxonmobil.com/news/news-releases/2022/0322_exxonmobil-lead-director-ken-frazier-to-retire-and-jay-hooley-to-become-lead-director#:~:text=Joseph%20(Jay)%20L.,effective%20after%20the%20annual%20meeting.) In January 2022, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions. (Source: https://corporate.exxonmobil.com/who-we-are/our-global-organization/business-divisions)

Top Companies Market Share in Lubricating Grease Industry: (In no particular order of Rank)

• ExxonMobil Corporation
• Royal Dutch Shell plc
• BP plc
• Chevron Corporation
• TotalEnergies SE
• Fuchs Petrolub SE
• Castrol Limited (part of BP)
• SABIC (Saudi Basic Industries Corporation)
• Klüber Lubrication (part of Freudenberg Group)
• Chevron U.S.A. Inc.
• Lukoil Lubricants Company
• Petro-Canada Lubricants Inc.
• Amsoil Inc.
• Valvoline Inc.
• Idemitsu Kosan Co.
• Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Lubricating Grease Market

Which Region Dominates the Lubricating Grease Market in 2024?

According to Cognitive Market Research, North America currently dominates the Lubricating Grease market, and the region is expected to have significant growth during the projected period. This is due to the region's robust automotive and industrial sectors, which drive high demand for effective lubrication solutions. The region is home to major manufacturing hubs and a well-established automotive industry, leading to significant consumption of lubricating greases. Additionally, stringent regulations regarding equipment maintenance and performance standards further propel the demand for high-quality lubricants. The presence of key industry players and ongoing technological advancements also contribute to North America's dominant position in the market.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is growing at the fastest CAGR in the lubricating grease market due to rapid industrialization and urbanization, particularly in countries like China and India. Increased automotive production and rising disposable incomes are driving demand for automotive lubricants. The expansion of manufacturing and construction sectors further fuels the need for high-quality lubricating greases. Additionally, government initiatives promoting infrastructure development and the growth of the electric vehicle market are contributing to the region's dynamic growth in this sector.

The current report Scope analyzes Lubricating Grease Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Lubricating Grease Market Analysis

According to Cognitive Market Research, the global Lubricating Grease market size was estimated at USD 125262.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 50105.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Lubricating Grease market with a market size of USD 39532.88 million in 2024 and is projected to grow at a CAGR of 1.5% during the forecast period. The U.S. market's increased demand across various industries, including automotive, construction, and manufacturing is driving the Lubricating Grease market.
• The Canada Lubricating Grease market had a market share of USD 6012.60 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. Canada’s strong manufacturing base and investments is driving the Lubricating Grease market.
• The Mexico Lubricating Grease market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 4559.56 million in 2024.

Europe Lubricating Grease Market Analysis

According to Cognitive Market Research, the global Lubricating Grease market size was estimated at USD 125262.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 37578.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.0% from 2024 to 2031.

• The United Kingdom Lubricating Grease market had a market share of USD 6313.24 million in 2024 and is projected to grow at a CAGR of 2.8% during the forecast period. In the UK, Lubricating Grease sales witness an upswing due to strong industrial base, particularly in automotive, aerospace, and machinery sectors.
• The France Lubricating Grease market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 3457.25 million in 2024.
• According to Cognitive Market Research, the German Lubricating Grease market size was valued at USD 7440.60 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period. In Germany, Lubricating Grease surged due to presence of major market players.
• The Italy Lubricating Grease market is projected to witness growth at a CAGR of 1.4% during the forecast period, with a market size of USD 3231.78 million in 2024.
• The Russia Lubricating Grease market is projected to witness growth at a CAGR of 1.0% during the forecast period, with a market size of USD 5824.71 million in 2024.
• The Spain Lubricating Grease market is projected to witness growth at a CAGR of 1.1% during the forecast period with a market size of USD 3081.46 million in 2024
• The Luxembourg Lubricating Grease market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 1164.94 million in 2024.
• The Portugal Lubricating Grease market is projected to witness growth at a CAGR of 1.8% during the forecast period, with a market size of USD 789.15 million in 2024.
• The Greece Lubricating Grease market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 450.95 million in 2024.
• The Rest of Europe's Lubricating Grease market is projected to witness growth at a CAGR of 0.7% during the forecast period, with a market size of USD 5824.71 million in 2024.

Asia Pacific Lubricating Grease Market Analysis

According to Cognitive Market Research, the global Lubricating Grease market size was estimated at USD 125262.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 28810.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Lubricating Grease market size was valued at USD 12964.68 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Lubricating Grease surged in China due to rapid industrialization, urbanization, and the expansion of key sectors like automotive, manufacturing, and construction.
• The Japan Lubricating Grease market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 3975.83 million in 2024.
• The India Lubricating Grease market had a market share of USD 3457.25 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. India's growing investments in energy and power sectors is driving the Lubricating Grease market.
• The South Korean Lubricating Grease market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 2881.04 million in 2024.
• The Australian Lubricating Grease market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 1498.14 million in 2024.
• The South East Asia Lubricating Grease market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 1987.92 million in 2024.
• The Rest of Asia Pacific Lubricating Grease market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 2045.54 million in 2024.

South America Lubricating Grease Market Analysis

According to Cognitive Market Research, the global Lubricating Grease market size was estimated at USD 125262.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 6263.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Lubricating Grease market size was valued at USD 2680.62 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. Lubricating Grease flourished in Brazil due to increasing industrialization and infrastructure development across sectors like mining, oil & gas, and construction.
• Argentina's Lubricating Grease market had a market share of USD 1052.21 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. Argentina's expanding vehicle ownership and manufacturing is driving the Lubricating Grease market.
• Colombia Lubricating Grease market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 557.42 million in 2024.
• Peru Lubricating Grease market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 513.58 million in 2024.
• Chile Lubricating Grease market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 450.95 million in 2024.
• The Rest of Latin America's Lubricating Grease market is projected to witness growth at a CAGR of 2.0% during the forecast period, with a market size of USD 1008.36 million in 2024.

Middle East Lubricating Grease Market Analysis

According to Cognitive Market Research, the global Lubricating Grease market size was estimated at USD 125262.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 2505.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031..

• The GCC Countries Lubricating Grease market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 1072.25 million in 2024. Lubricating Grease sales flourish due to the presence of major market players.
• The Egypt Lubricating Grease market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 263.05 million in 2024.
• The South Africa Lubricating Grease market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 395.83 million in 2024. Lubricating Grease sales flourished in South Africa due to expansion of key industries such as oil & gas, mining, and construction, which require high-performance lubricants for machinery and equipment.
• The Turkey Lubricating Grease market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 215.45 million in 2024.
• The Nigeria Lubricating Grease market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 263.05 million in 2024.
• The Rest of the MEA Lubricating Grease market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 295.62 million in 2024.

Lubricating Grease Market Analysis

Lubricating Grease Market Type Segment Analysis

According to Cognitive Market Research, Calcium-Based Grease are likely to dominate the Lubricating Grease Market over the forecast period. Calcium-based grease types captured the largest market share in the lubricating grease market due to their excellent water resistance, adhesion properties, and ability to operate effectively across a wide temperature range. They are particularly favored in various applications, including automotive and industrial machinery, where moisture exposure is common. Additionally, calcium greases are cost-effective and provide good stability, making them suitable for diverse environments. Their widespread use and reliability in various applications contribute significantly to their dominant market position.

Lithium-based grease types are growing at the highest CAGR in the lubricating grease market due to their superior performance characteristics, including excellent thermal stability, water resistance, and oxidation resistance. They are widely used in automotive and industrial applications, where high load-carrying capacity and extended service life are essential. Additionally, the increasing adoption of lithium greases in electric vehicles and high-speed machinery further drives demand. Their versatility and compatibility with various applications make them a preferred choice for manufacturers, fueling rapid market growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Lubricating Grease Industry. Request a Free Sample PDF!

Lubricating Grease Market Base Oil Segment Analysis

According to Cognitive Market Research, the Mineral Oils segment holds the largest share of the market. Mineral oils base oil captured the largest market share in the lubricating grease market due to their widespread availability, cost-effectiveness, and well-established performance characteristics. They provide excellent lubrication, thermal stability, and compatibility with various additives, making them suitable for diverse applications, including automotive and industrial machinery. The long history of mineral oils in lubrication technology has led to extensive industry knowledge and infrastructure for their production and use. Additionally, their versatility and reliability contribute significantly to their dominant position in the market.

Synthetic oils base oil is growing at the highest CAGR in the lubricating grease market due to their superior performance characteristics, including enhanced thermal stability, oxidation resistance, and lower volatility compared to conventional oils. These properties make synthetic oils ideal for high-performance applications, particularly in extreme temperatures and conditions. Additionally, the increasing demand for eco-friendly and energy-efficient lubricants drives the adoption of synthetic oils, especially in automotive and industrial sectors. Their ability to extend service intervals further boosts their popularity, contributing to rapid market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Lubricating Grease End-Use Industry Segment Analysis

Lubricating Grease Market End-Use Industry Segment Analysis

According to Cognitive Market Research, The Conventional Vehicles segment holds the largest market share. The conventional vehicles end-use industry captured the largest market share in the lubricating grease market due to the high demand for effective lubrication solutions in automotive applications. Conventional vehicles, comprising a significant portion of the global automotive fleet, require reliable lubricants for optimal performance and maintenance. The extensive use of lubricating grease in engines, transmissions, and chassis components ensures their smooth operation and longevity. Additionally, the established infrastructure for conventional vehicles and the continuous need for maintenance further solidify their dominant position in the market.

The electric vehicles (EVs) end-use industry is growing at the highest CAGR in the lubricating grease market due to the rapid expansion of the EV market and the increasing adoption of electric mobility. As more manufacturers develop EVs, the demand for specialized lubricants, including greases for electric motors and battery systems, is rising. Additionally, advancements in lubrication technology for EV components and the focus on enhancing vehicle efficiency and performance drive the need for high-quality lubricating greases, further fueling market growth.

• Conventional Vehicles
• Electric Vehicles
• Building & Construction
• Mining
• Marine
• Food
• Energy & Power
• Others

Lubricating Grease Sales Channel Segment Analysis

Lubricating Grease Market Sales Channel Segment Analysis

According to Cognitive Market Research, the Offline segment dominates the market. The offline sales channel captured the largest market share in the lubricating grease market due to its established distribution network and accessibility for customers. Physical retail outlets and automotive supply stores provide customers with the opportunity to examine products and receive expert advice, fostering trust and confidence in their purchases. Additionally, bulk purchasing options and immediate availability enhance customer convenience. The strong presence of established brands and the traditional buying habits of consumers further contribute to the dominance of offline sales in this market.

The online sales channel is growing at the highest CAGR in the lubricating grease market due to the increasing preference for e-commerce and digital shopping among consumers. The convenience of browsing a wide range of products, comparing prices, and accessing detailed information online enhances the purchasing experience. Additionally, online platforms offer competitive pricing and often include customer reviews, fostering informed decision-making. The growth of home delivery services and the expansion of online retailers further contribute to the rising popularity of online sales channels in this market.

• Online
• Offline

Author's Detail

Ashwini Moharir

Research Analyst at Cognitive Market Research

LinkedIn

Profile

Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.

Author's Conclusion