| Product Code: ETC5682271 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for the grease market experienced a notable decline from 2023 to 2024, with a growth rate of -38.46%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at a healthy 19.79%. This negative import momentum could be attributed to shifts in demand dynamics or changes in trade policies impacting market stability.
By 2027, the Grease market in Armenia is anticipated to reach a growth rate of 12.37%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Grease Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Grease Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Grease Market - Industry Life Cycle |
3.4 Armenia Grease Market - Porter's Five Forces |
3.5 Armenia Grease Market Revenues & Volume Share, By Thickener Type, 2021 & 2031F |
3.6 Armenia Grease Market Revenues & Volume Share, By Base Oil, 2021 & 2031F |
3.7 Armenia Grease Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Armenia Grease Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in automotive industry in Armenia |
4.2.2 Increasing demand for industrial machinery and equipment |
4.2.3 Rise in construction activities in the country |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Stringent environmental regulations related to grease production and usage |
5 Armenia Grease Market Trends |
6 Armenia Grease Market Segmentations |
6.1 Armenia Grease Market, By Thickener Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Grease Market Revenues & Volume, By Metallic Soap Thickener, 2021-2031F |
6.1.3 Armenia Grease Market Revenues & Volume, By Non-soap Thickener, 2021-2031F |
6.1.4 Armenia Grease Market Revenues & Volume, By Inorganic, 2021-2031F |
6.1.5 Armenia Grease Market Revenues & Volume, By Others, 2021-2031F |
6.2 Armenia Grease Market, By Base Oil |
6.2.1 Overview and Analysis |
6.2.2 Armenia Grease Market Revenues & Volume, By Mineral oil, 2021-2031F |
6.2.3 Armenia Grease Market Revenues & Volume, By Synthetic oil, 2021-2031F |
6.2.4 Armenia Grease Market Revenues & Volume, By Bio-based oil, 2021-2031F |
6.3 Armenia Grease Market, By End-Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Armenia Grease Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.3 Armenia Grease Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Armenia Grease Market Revenues & Volume, By General Manufacturing, 2021-2031F |
6.3.5 Armenia Grease Market Revenues & Volume, By Mining, 2021-2031F |
6.3.6 Armenia Grease Market Revenues & Volume, By Metal production, 2021-2031F |
6.3.7 Armenia Grease Market Revenues & Volume, By Power generation, 2021-2031F |
6.3.8 Armenia Grease Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Armenia Grease Market Revenues & Volume, By Others, 2021-2031F |
7 Armenia Grease Market Import-Export Trade Statistics |
7.1 Armenia Grease Market Export to Major Countries |
7.2 Armenia Grease Market Imports from Major Countries |
8 Armenia Grease Market Key Performance Indicators |
8.1 Average selling price of grease products in Armenia |
8.2 Number of new product launches in the grease market |
8.3 Investment in research and development for grease formulations in the country |
8.4 Growth rate of the manufacturing sector in Armenia |
8.5 Adoption rate of advanced grease technologies in key industries |
9 Armenia Grease Market - Opportunity Assessment |
9.1 Armenia Grease Market Opportunity Assessment, By Thickener Type, 2021 & 2031F |
9.2 Armenia Grease Market Opportunity Assessment, By Base Oil, 2021 & 2031F |
9.3 Armenia Grease Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Armenia Grease Market - Competitive Landscape |
10.1 Armenia Grease Market Revenue Share, By Companies, 2024 |
10.2 Armenia Grease Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |