What is the Size of Grease Market | Key Players & Strategic Developments 2025

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Code: MTA11055

Publication Date: Nov 2025

What is the size of Grease Market?

According to 6Wresearch internal database and industry insights, the Global Grease Market was valued at USD 6.1 Billion in 2024 and is expected to reach USD 8.9 Billion by 2031, growing at a compound annual growth rate of 15% during the forecast period (2025-2031).

Demand for grease is expanding as industrial automotive servicing needs rise, and heavy-duty applications require longer lubrication cycles. Increasing manufacturing activity and transportation sector growth strengthen product utilisation. Advancements in high-performance formulations encourage wider adoption across environments requiring stable viscosity and reliable operational endurance.

Growth Factors for Grease Industry

Growing interest in high-performance lubricants suited for heavy machinery and industrial equipment.
Demand rises as automotive maintenance expands with increasing vehicle parc.
Popularity among manufacturing plants due to enhanced load-bearing capacity and oxidation stability.
Broader uptake across mining, construction, and marine sectors with rising equipment deployment.
Innovation in synthetic, bio-based, and long-life grease supports recurring industrial procurement.

Grease Market Trends

The trends in the Grease Market suggest that the use of synthetic and semi-synthetic blends are growing due in-part to thermal stability and increased service intervals. Manufacturers are concentrating on relatively low-friction formulations, formulations that have biodegradable options, and that have greater anti-corrosion performance performance to satisfy the expectations of new machinery developers. Strong movement towards automation is having an effect on the need for specialty greases being developed for precision components, robotics, and higher speed machines used in various environments.

Emerging Developments in the Grease Market

The Grease Market developments highlight accelerated interest in bio-derived ingredients, advanced thickeners, and nano-additive technologies improving wear protection. Producers are introducing products compatible with electric motors, high-load bearings, and extreme-temperature operations. Strategic collaborations with equipment manufacturers support customised blends. New packaging innovations, automated dispensing systems, and data-linked lubrication monitoring enhance safety, efficiency, and long-term equipment reliability.