North America Greases Market Size & Outlook, 2023-2030
North America greases market, 2018-2030 (US$M)
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North America greases market highlights
- The North America greases market generated a revenue of USD 792.2 million in 2023.
- The 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 792.2 million |
| Market revenue in 2030 | USD 1,034.3 million |
| Growth rate | 3.9% (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, North America region accounted for 13.6% 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 |
|---|
North America 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 62.21% in 2023. Horizon Databook has segmented the North America greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Grease plays a crucial role in the construction industry, as it provides lubrication and protection to various mechanical components and equipment used in construction. Greases are extensively used in the maintenance of construction equipment, such as excavators, cranes, bulldozers, and loaders.
The construction industry in North America is expected to witness significant growth over the coming years, owing to the high demand for non-residential construction projects, such as hospitals, commercial buildings, and colleges.
The "Affordable Healthcare Act" in 2023 is expected to stimulate the construction of a greater number of healthcare units and hospitals, which, in turn, is expected to boost the demand for grease in the region over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America greases market, including forecasts for subscribers. This continent databook contains high-level insights into North America greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America greases market size, by country, 2018-2030 (US$M)
North America Greases Market Share, 2023 & 2030 (US$M)
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