Spain Greases Market Size & Outlook, 2023-2030
Spain greases market, 2018-2030 (US$M)
Related Markets
Spain greases market highlights
- The Spain greases market generated a revenue of USD 71.6 million in 2023 and is expected to reach USD 90.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 3.4% 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 71.6 million |
| Market revenue in 2030 | USD 90.5 million |
| Growth rate | 3.4% (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, Spain accounted for 1.2% 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 |
|---|
Spain 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 60.06% in 2023. Horizon Databook has segmented the Spain greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand for grease from various industries such as construction, automotive, and metal and mining in Spain is expected to have a positive impact on the growth of the market in the coming years. Public and private investments in infrastructure and residential construction activities being carried out in Spain are expected to benefit the demand for grease in the country in the coming years.
According to investor research by CaxiaBank S.A., the number of new construction permits in Spain remained almost unchanged between January and December 2023. This implies that 109,000 homes were built in the country in 2023, signifying consistent demand for grease in Spain.
This growth is anticipated to remain constant over the forecast period. The increasing construction activities in the country are expected to drive the demand for grease in Spain. As the number of construction projects increases in the country, there is a surged requirement for heavy machinery and equipment in Spain that rely heavily on grease for lubrication, protection, and performance optimization.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain greases market, including forecasts for subscribers. This country databook contains high-level insights into Spain greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain greases market size, by form, 2018-2030 (US$M)
Spain Greases Market Share, 2023 & 2030 (US$M)
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