Global Automotive Grease Market Insights and Forecast to 2028

Grease is a liquid lubricant with a solid or semi-fluid thickener, such as soap or PTFE. Grease fulfills the same requirements as other lubricants – to reduce friction and wear, protect against corrosions, and to dissipate heat. Automotive Grease is used in bearings, joints, hinges and other components. Automotive grease avoids sticking and squeaking thus preventing components wearing out prematurely, whilst shielding against moisture and corrosion. Automotive grease consists of oil or other fluid lubricant that is mixed with a thickener, typically a soap, to form a solid or semisolid.
Market Analysis and Insights: Global Automotive Grease Market
Due to the COVID-19 pandemic, the global Automotive Grease market size is estimated to be worth US$ 1111.5 million in 2022 and is forecast to a readjusted size of US$ 1244.3 million by 2028 with a CAGR of 1.9% during the review period. Fully considering the economic change by this health crisis, Mineral Oil Grease accounting for % of the Automotive Grease global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Commercial Vehicle segment is altered to an % CAGR throughout this forecast period.
The major players in global Automotive Grease market include Shell, ExxonMobil, Sinopec, etc. The top 3 players occupy about 30% shares of the global market. China and Europe are main markets, they occupy about 50% of the global market. Mineral Oil Grease is the main type, with a share about 80%. Passenger Vehicle is the main application, which holds a share about 75%.
In terms of production side, this report researches the Automotive Grease capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Automotive Grease by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Automotive Grease Scope and Segment
Automotive Grease market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Automotive Grease market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Mineral Oil Grease
Synthetic Oil Grease
Others
Segment by Application
Commercial Vehicle
Passenger Vehicle
By Company
Shell
ExxonMobil
Sinopec
Axel Christiernsson
Castrol
CNPC
Chevron
Total
DuPont
Freudenberg
Fuchs
BP
SKF
Haihua
Southwestern Petroleum
Shu Guang
Changming
Timken
Zinol
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE