Europe Greases Market Size & Outlook, 2023-2030
Europe greases market, 2018-2030 (US$M)
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Europe greases market highlights
- The Europe greases market generated a revenue of USD 1,820.9 million in 2023.
- The market is expected to grow at a CAGR of 4.1% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,820.9 million |
| Market revenue in 2030 | USD 2,414.1 million |
| Growth rate | 4.1% (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, Europe region accounted for 31.2% 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 |
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Europe 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 59.12% in 2023. Horizon Databook has segmented the Europe greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is a major hub for automotive production and therefore, the demand for automotive and consequently, greases is expected to be substantial. As grease is mainly used as a lubricant for machinery used in automotive manufacturing.
Automotive is one of the most crucial industries in Europe, with companies such as DAF Trucks, BMW Group, Ford, Fiat Chrysler Automobiles, and Daimler leading the regional market. According to The European Automobile Manufacturers' Association (ACEA), over nine million cars were produced in Europe in the first three quarters of 2023, a 14% increase from the same period in 2022.
The industry is highly innovative and constantly evolving, generating numerous growth opportunities for various component manufacturers. The automotive sector is expected to witness substantial growth, which is expected to positively impact the demand for greases over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe greases market, including forecasts for subscribers. This continent databook contains high-level insights into Europe greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe greases market size, by country, 2018-2030 (US$M)
Europe Greases Market Share, 2023 & 2030 (US$M)
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