UK Greases Market Size & Outlook, 2023-2030
UK greases market, 2018-2030 (US$M)
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UK greases market highlights
- The UK greases market generated a revenue of USD 309.6 million in 2023 and is expected to reach USD 404.9 million by 2030.
- The UK 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.
Greases market data book summary
| Market revenue in 2023 | USD 309.6 million |
| Market revenue in 2030 | USD 404.9 million |
| Growth rate | 3.9% (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, UK accounted for 5.3% 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 |
|---|
UK 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 60.34% in 2023. Horizon Databook has segmented the UK greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the automotive industry in the country with the presence of large manufacturers, including Jaguar, Land Rover, MINI, Aston Martin, Bentley, Rolls Royce, and Lotus Cars, is anticipated to fuel the demand for grease in the UK during the forecast period.
Additionally, according to the Department of Business & Trade of Great Britain and Northern Ireland, the food and drink industry of the UK stands is the largest manufacturing sector in the country in terms of turnover, reaching USD 112.52 billion in 2023 and surpassing the combined value of the automotive and aerospace industries in the UK.
The country offers numerous opportunities for exporters, investors, and international buyers, with significant capabilities throughout the food & drink supply chain that span from initial manufacturing to the final product development stages. Grease plays a crucial role in the food processing industry wherein maintaining hygiene, preventing contamination, and ensuring equipment longevity are paramount.
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Our clientele includes a mix of greases market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the UK greases market, including forecasts for subscribers. This country databook contains high-level insights into UK greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK greases market size, by form, 2018-2030 (US$M)
UK Greases Market Share, 2023 & 2030 (US$M)
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