According to the report published by Allied Market Research, the global grease market garnered $4.2 billion in 2021, and is estimated to generate $5.7 billion by 2031, manifesting a CAGR of 3.2% from 2022 to 2031.  

 

The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, stockholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market. 

 

Access Full Summary Report: https://www.alliedmarketresearch.com/grease-market 

 

Leading market players of the global grease market analyzed in the research include Petronas, Idemitsu Kosan Co. Ltd., TOTAL SA, Exxon Mobil Corporation, BP plc, FUCHS, Axel Christiernsson , Sinopec Corporation, The Chevron Corporation, ENEOS Holdings Inc. 

 

Key findings of the study 

  • By base oil, the synthetic oil segment is projected to grow at the highest CAGR of approximately 3.7%, in terms of revenue, during the forecast period. 

  • By thickener type, the non-soap segment is expected to dominate the market during the forecast period. 

  • By end-use industry, the power generation system segment is projected to grow at the highest CAGR of approximately 4.3%, in terms of revenue, during the forecast period. 

 

The research provides detailed segmentation of the global grease market based on base oil, thickener type, end-use industry, and region. The report segments discusses and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.