Canada Greases Market Size & Outlook, 2023-2030

The greases market in Canada is expected to reach a projected revenue of US$ 179.1 million by 2030. A compound annual growth rate of 3.9% is expected of Canada greases market from 2024 to 2030.
Revenue, 2023 (US$M)
$137.2
Forecast, 2030 (US$M)
$179.1
CAGR, 2024 - 2030
3.9%
Report Coverage
Canada

Canada greases market highlights

  • The Canada greases market generated a revenue of USD 137.2 million in 2023 and is expected to reach USD 179.1 million by 2030.
  • The Canada market is expected to grow at a CAGR of 3.9% 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.


Greases market data book summary

Market revenue in 2023USD 137.2 million
Market revenue in 2030USD 179.1 million
Growth rate3.9% (CAGR from 2023 to 2030)
Largest segmentMineral
Fastest growing segmentMineral
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMineral, Synthetic, Bio-based
Key market players worldwideNycon, 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, Canada accounted for 2.3% of the global greases market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. greases market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 746.2 million by 2030.

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Greases Market Companies

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Canada 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 62.17% 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.

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  • Our clientele includes a mix of greases market companies, investment firms, advisory firms & academic institutions.
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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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Canada greases market size, by form, 2018-2030 (US$M)

Canada Greases Market Share, 2023 & 2030 (US$M)

Canada greases market size, by form, 2018-2030 (US$M)

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