U.S. Greases Market Size & Outlook, 2023-2030
U.S. greases market, 2018-2030 (US$M)
Related Markets
U.S. greases market highlights
- The U.S. greases market generated a revenue of USD 564.6 million in 2023 and is expected to reach USD 746.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.1% 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 564.6 million |
| Market revenue in 2030 | USD 746.2 million |
| Growth rate | 4.1% (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, U.S. 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 North America, U.S. greases market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 746.2 million by 2030.
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Greases Market Scope
Greases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 62.13% in 2023. Horizon Databook has segmented the U.S. greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The construction industry in the U.S. is growing rapidly, owing to positive market fundamentals for commercial real estate and the country’s strong economy. The government is providing more funding for building schools, hospitals, and other public projects.
Few of the upcoming construction projects in the U.S. include the construction of the South San Francisco Civic Center campus, the Second Avenue Subway Construction Project, the O’Hare Airport Construction Project, and the LaGuardia Airport Construction Project.
This is expected to further propel construction working hours leading to an increase in the operation time of the machinery used in construction activities further leading to increasing consumption of greases in the coming years.
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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 U.S. greases market, including forecasts for subscribers. This country databook contains high-level insights into U.S. greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. greases market size, by form, 2018-2030 (US$M)
U.S. Greases Market Share, 2023 & 2030 (US$M)
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