Market revenue in 2023 | USD 137.2 million |
Market revenue in 2030 | USD 179.1 million |
Growth rate | 3.9% (CAGR from 2023 to 2030) |
Largest segment | Mineral |
Fastest growing segment | Mineral |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 |
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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 62.17% in 2023. Horizon Databook has segmented the Canada greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Canada significantly contributes to the demand for greases, owing to its growing construction industry. Factors, such as increasing government investments in public & renewable energy infrastructure, coupled with changing consumer buying behavior, are expected to fuel the growth of the construction industry in the country.
In addition, government initiatives, such as the Made in Canada, New Building Canada Plan (NBCP), and Affordable Housing Initiative (AHI), are expected to propel the product demand in the construction industry over the forecast period.
The OEM automobile production is anticipated to be the prominent end-use segment in Canada's greases market. Rising urbanization and high disposable income are the major factors driving the automobile industry in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada greases market, including forecasts for subscribers. This country databook contains high-level insights into Canada greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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