Asia Pacific Greases Market Size & Outlook, 2023-2030
Asia Pacific greases market, 2018-2030 (US$M)
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Asia Pacific greases market highlights
- The Asia Pacific greases market generated a revenue of USD 2,319.3 million in 2023.
- The market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, mineral was the largest revenue generating form in 2023.
- Mineral is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,319.3 million |
| Market revenue in 2030 | USD 3,096.9 million |
| Growth rate | 4.2% (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 |
| Key market players worldwide | Nycon, Battenfeld-Grease & Oil Corporation of New York, RichardsApex Inc., Lubriplate Lubricants Co., GB Lubricants, Eastern Oil, JAX INC., D-A Lubricant Company, Xaerus Performance Fluids, Moroil Technologies, Industrial Oils Unlimited, LLC, Primrose Oil Company, Cadillac Oil, Condat, COGELSA, Interflon |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.7% of the global greases market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,096.9 million by 2030.
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Greases Market Scope
Greases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 64.94% in 2023. Horizon Databook has segmented the Asia Pacific greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific greases market is expected to witness considerable growth over the forecast period. Rising construction activities and growing demand for grease from automotive sector in emerging countries, such as India, Japan, and South Korea, are expected to drive the market over the forecast period.
According to the data published by the International Organization of Motor Vehicle Manufacturers, Asia Pacific is the largest transportation market in the world, with the presence of numerous automobile manufacturers, thus ensuring a steady growth in automobile production in the region.
Asia Pacific witnessed a growth of 10% in vehicle production in 2023 compared to 2022, and the region’s automotive production reached 55.1 million units in 2023, establishing it as a major driver for the greases market in the region.
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Target buyers of Asia Pacific greases market databook
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Our clientele includes a mix of greases market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific greases market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific greases market size, by country, 2018-2030 (US$M)
Asia Pacific Greases Market Share, 2023 & 2030 (US$M)
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