China Greases Market Size & Outlook, 2023-2030
China greases market, 2018-2030 (US$M)
Related Markets
China greases market highlights
- The China greases market generated a revenue of USD 993.8 million in 2023 and is expected to reach USD 1,330.3 million by 2030.
- The China market is expected to grow at a CAGR of 4.3% 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 2023 | USD 993.8 million |
| Market revenue in 2030 | USD 1,330.3 million |
| Growth rate | 4.3% (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 |
Other key industry trends
- In terms of revenue, China accounted for 17.0% of the global greases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China greases market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 990.5 million by 2030.
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Greases Market Scope
Greases Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 64.63% in 2023. Horizon Databook has segmented the China greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
China is expected to be one of the promising grease markets in the region on account of the government’s support to promote investments in manufacturing sector. Several companies are expanding or setting up new manufacturing facilities owing to low labor costs and ease of raw material procurement in the country.
The growing manufacturing sector is expected to propel the demand for greases in automotive, construction, electrical & electronics, and other industries. As per the International Trade Association, China is the world’s largest construction market.
China’s 14th Five-Year Plan focuses on developing new infrastructural projects in different sectors including transportation, new urbanization, energy, and water systems. According to the International Trade Association, an overall estimate of USD 4.2 trillion investment is expected in new infrastructure between 2021 and 2025.
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Target buyers of China 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 country-level data and insights on the China greases market, including forecasts for subscribers. This country databook contains high-level insights into China greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China greases market size, by form, 2018-2030 (US$M)
China Greases Market Share, 2023 & 2030 (US$M)
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