Global Greases Market Size & Outlook, 2023-2030
Global greases market, 2018-2030 (US$M)
Related Markets
Global greases market highlights
- The global greases market generated a revenue of USD 5,842.5 million in 2023 and is expected to reach USD 7,678.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4% by 2030.
- In terms of segment, mineral accounted for a revenue of USD 3,641.6 million in 2023.
- Mineral is the most lucrative form segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,842.5 million |
| Market revenue in 2030 | USD 7,678.6 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Mineral |
| Fastest growing segment | Mineral |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral, Synthetic, Bio-based |
Other key industry trends
- In terms of revenue, the North America accounted for 13.6% of the global greases market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 109.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Greases Market Scope
Greases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global greases market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to greases market will help companies and investors design strategic landscapes.
Mineral was the largest segment with a revenue share of 62.33% in 2023. Horizon Databook has segmented the Global greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Greases Form Outlook (Revenue, USD Million, 2018-2030)
- Mineral
- Synthetic
- Bio-based
- Global Greases Application Outlook (Revenue, USD Million, 2018-2030)
- Construction
- Metal & Mining
- Power Generation
- Food Processing
- Agriculture
- Manufacturing
- Others
Reasons to subscribe to Global greases market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global greases market databook
-
Our clientele includes a mix of greases market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global greases market, including forecasts for subscribers. This global databook contains high-level insights into Global greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global greases market size, by regions, 2018-2030 (US$M)
Top 10 countries: Greases market size, 2023 (US$M)
Global greases market share, by form, 2023 & 2030 (%, US$M)
Greases market: Opportunity assessment by country
Global greases market, by region, 2023 (US$M)
| Form | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 590.0 | 595.5 | 615.4 | 685.5 | 797.9 | 792.2 | 818.9 | 848.4 | 880.4 | 915.4 | 952.5 | 992.0 | 1,034.3 | 3.9% |
| Europe | 1,215.6 | 1,219.4 | 1,231.3 | 1,368.0 | 1,607.9 | 1,820.9 | 1,886.5 | 1,958.7 | 2,037.0 | 2,122.6 | 2,213.4 | 2,310.4 | 2,414.1 | 4.1% |
| Asia Pacific | 1,729.8 | 1,780.4 | 1,801.6 | 1,990.5 | 2,372.6 | 2,319.3 | 2,405.5 | 2,500.1 | 2,602.8 | 2,715.0 | 2,834.1 | 2,961.4 | 3,096.9 | 4.2% |
| Latin America | 398.4 | 426.1 | 393.3 | 430.5 | 538.6 | 570.5 | 587.6 | 606.5 | 627.1 | 649.6 | 673.5 | 698.9 | 726.0 | 3.5% |
| MEA | 273.2 | 294.3 | 241.5 | 288.4 | 314.6 | 339.6 | 347.1 | 355.5 | 364.6 | 374.5 | 384.9 | 395.8 | 407.3 | 2.6% |
| Overall | 4,206.9 | 4,315.6 | 4,283.1 | 4,762.8 | 5,631.6 | 5,842.5 | 6,045.6 | 6,269.2 | 6,511.8 | 6,777.0 | 7,058.4 | 7,358.4 | 7,678.6 | 4.0% |
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
