Italy Greases Market Size & Outlook, 2023-2030
Italy greases market, 2018-2030 (US$M)
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Italy greases market highlights
- The Italy greases market generated a revenue of USD 157.2 million in 2023 and is expected to reach USD 203.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 3.8% 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 157.2 million |
| Market revenue in 2030 | USD 203.4 million |
| Growth rate | 3.8% (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, Italy accounted for 2.7% 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 |
|---|
Italy 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 58.46% in 2023. Horizon Databook has segmented the Italy greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The growing manufacturing industry and the increasing focus of the Government of Italy on infrastructure development are driving the growth of the construction industry in the country. This is anticipated to create a lucrative demand for grease in Italy.
In addition, surging consumption of grease in the automotive, energy, and oil & gas industries is anticipated to substantially fuel the growth of the market in the country over the forecast period. Italy is the second-largest manufacturing country in Europe and excels particularly in the production of machinery and automotive parts.
The manufacturing industry in the country grew at an average annual growth rate of 9.1% in 2021 and 2022, thereby showcasing its remarkable post-COVID-19 recovery. Growing manufacturing industry in the country led to increased consumption of greases in Italy.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy greases market, including forecasts for subscribers. This country databook contains high-level insights into Italy greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy greases market size, by form, 2018-2030 (US$M)
Italy Greases Market Share, 2023 & 2030 (US$M)
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