How Big is the Grease Market | Growth, Size & Insights 2025

Q: How big is the Grease Market?

The Grease Market was estimated at USD 6.1 billion in 2024 and is expected to reach USD 8.9 billion by 2031.

Q: What is the growth rate of the Grease Market?

The Grease Market is expected to grow at a CAGR of 15.60% during 2025–2031.

Q: What challenges affect the growth of the Grease Market?

Challenges include environmental concerns related to petroleum-based greases, volatility in raw material prices, and the growing shift towards dry lubrication alternatives.

Q: Who are the top players in the Grease Market?

Top players of the market include ExxonMobil, Shell, Chevron, PETRONAS, and FUCHS Petrolub.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA7034

Publication Date: Aug 2025

What is the size of Grease Market?

According to 6Wresearch internal database and industry insights, the Global Grease Market was estimated at USD 6.1 billion in 2024 and is expected to reach USD 8.9 billion by 2031, growing at a CAGR of 15.60% during the forecast period 2025â€“2031.

Grease market is poised for growth due to increasing demand across automotive, manufacturing, construction, and mining industries. Factors which include the machinery maintenance, rapid industrialization in emerging economies, and technological advancements in grease formulations are supporting the market expansion.

View Main Report

Schedule Analyst Call

Key Growth Drivers of the Grease Market

Increasing automotive production and aftermarket servicing demand
Rising industrialization and infrastructure development in Asia-Pacific and Middle East regions
Growing need for high-performance lubricants in heavy machinery and equipment
Advancements in synthetic and bio-based grease formulations
Environmental regulations pushing demand for eco-friendly and biodegradable greases

Grease Market Trends

Grease market is experiencing growth with notable trends such as rising a shift toward the use of synthetic and semi-synthetic greases that provides superior thermal stability, oxidation resistance, and extended service intervals. Also, the preference for eco-friendly and biodegradable greases is increasing due to stringent environmental regulations. Further, the integration of nano-additives into grease formulations is gaining popularity for enhancing performance, reducing wear, and extending equipment life.

Emerging Developments in the Grease Market

Grease market is seeing new developments with continuous innovation in electric vehicle-compatible lubricants, especially for motor bearings and high-speed components. The adoption is increased by the manufacturers owing its automation in grease production for consistent quality and efficiency. Real-time monitoring systems for grease performance and predictive maintenance solutions are being introduced in industrial applications. Also, the investment is increasing in the development of multifunctional greases with improved water resistance, thermal stability, and corrosion protection to meet evolving customer demands across diverse sectors.