Germany Greases Market Size & Outlook, 2023-2030
Germany greases market, 2018-2030 (US$M)
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Germany greases market highlights
- The Germany greases market generated a revenue of USD 568.6 million in 2023 and is expected to reach USD 758.4 million by 2030.
- The Germany 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.
Greases market data book summary
| Market revenue in 2023 | USD 568.6 million |
| Market revenue in 2030 | USD 758.4 million |
| Growth rate | 4.2% (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, Germany accounted for 9.7% of the global greases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany greases market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 497.7 million by 2030.
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Greases Market Scope
Greases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 57.7% in 2023. Horizon Databook has segmented the Germany greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The German automotive industry is one of the largest in the world. According to the KBA federal transport authority, new car sales in Germany was accounted for a 7.3% share in 2023 and reached a total of 2.8 million vehicles.
Germany sold over 524,000 full-electric cars in 2023. According to trading economics, car production in Germany increased to 312,100 units in January from 258,254 units in December 2023. Thus, the rising automotive production, import, and export of vehicles positively impact the automotive manufacturing industry in Germany, in turn, propelling the demand for greases and related products.
This is expected to be a significant contributor to the demand for greases in the country over the forecast period. Germany dominated automotive market in Europe in 2023 with 41 engine production plants. It accounted for one-third of the overall automobile production in Europe in the same year.
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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 Germany greases market, including forecasts for subscribers. This country databook contains high-level insights into Germany greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany greases market size, by form, 2018-2030 (US$M)
Germany Greases Market Share, 2023 & 2030 (US$M)
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