Automotive Grease Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Automotive Grease Market Size

The global Automotive Grease revenue was US$ 1089 million in 2022 and is forecast to a readjusted size of US$ 1244.3 million by 2029 with a CAGR of 1.9% during the forecast period (2023-2029).

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Grease is a liquid lubricant with a solid or semi-fluid thickener, such as soap or PTFE. Grease fulfills the same requirements as other lubricants - to reduce friction and wear, protect against corrosions, and to dissipate heat. Automotive Grease is used in bearings, joints, hinges and other components. Automotive grease avoids sticking and squeaking thus preventing components wearing out prematurely, whilst shielding against moisture and corrosion. Automotive grease consists of oil or other fluid lubricant that is mixed with a thickener, typically a soap, to form a solid or semisolid.

In India, the Automotive Grease revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).

The major players in global Automotive Grease market include Shell, ExxonMobil, Sinopec, etc. The top 3 players occupy about 30% shares of the global market. China and Europe are main markets, they occupy about 50% of the global market. Mineral Oil Grease is the main type, with a share about 80%. Passenger Vehicle is the main application, which holds a share about 75%.

This report focuses on global and India Automotive Grease market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Automotive Grease will continue to grow rapidly in the future.

Global Automotive Grease Scope and Market Size

Automotive Grease market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global Automotive Grease market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.

For India market, this report focuses on the Automotive Grease market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.

By Type
• Mineral Oil Grease
• Synthetic Oil Grease

By Application
• Commercial Vehicle
• Passenger Vehicle

Key Companies
Shell, ExxonMobil, Sinopec, Axel Christiernsson, Castrol, CNPC, Chevron, Total, DuPont, Freudenberg, Fuchs, BP, SKF, Haihua, Southwestern Petroleum, Shu Guang, Changming, Timken, Zinol

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This release was published on openPR.