Lubricating Grease Market Scope And Analysis

Report Code : TIPRE00013643
Category : Chemicals and Materials

Status : Published
No. of Pages : 317

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Lubricating Grease Market Analysis, Size, and Growth (2023-2030)

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Lubricating Grease Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 3.44 Billion
Market Size by 2030	US$ 4.72 Billion
Global CAGR (2022 - 2030)	4.0%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Base Oil Mineral Oil Synthetic Oil Bio-based By Thickener Type Lithium Lithium Complex Polyurea Calcium Sulfonate Anhydrous Calcium Aluminum Complex By End-Use Industry Conventional Vehicles Electric Vehicles Building & Construction Mining Marine Food Energy & Power
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Exxon Mobil Corp Fuchs SE Petroliam Nasional Bhd Shell Plc Kluber Lubrication GmbH Co KG TotalEnergies SE BP Plc Chevron Corp Valvoline Inc

Industry Developments and Future Opportunities:

A few initiatives taken by the key players operating in the lubricating grease market are listed below:

In March 2023, ExxonMobil announced the investment of nearly US$ 110 million (INR 900 crore) to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation's Isambe Industrial Area in Raigad.
In March 2021, The FUCHS Group invested US$ 26 million (EUR 25 million) in its Kaiserslautern site and officially inaugurated a production facility.
In December 2022, Pennzoil-Quaker State Company d/b/a SOPUS Products, a wholly owned subsidiary of Shell USA, Inc. that comprises Shell's US lubricants business, acquired TFH Reliability Group, LLC, the parent company of Allied Reliability Inc.

Competitive Landscape and Key Companies:

Exxon Mobil Corp, Fuchs SE, Petroliam Nasional Bhd, Shell Plc, Kluber Lubrication GmbH & Co KG, TotalEnergies SE, BP Plc, Chevron Corp, Valvoline Inc, and Axel Christiernsson AB are among the key players profiled in the lubricating grease market report. The global market players focus on providing high-quality products to fulfill customer demand.