Press release
Major Force in the Lithium Grease Market 2025: Automotive Industry Growth Boosts The Lithium Grease Market Expansion
The market size for lithium grease has experienced robust growth in the past years. The forecast suggests an increase from $3.21 billion in 2024 to $3.39 billion in 2025, marking a compound annual growth rate (CAGR) of 5.6%. The contributing factors for this growth include the rise in the automobile industry, increased use of industrial machines and equipment, expansion in the energy sector, growing understanding of the advantages of premium lubricants, and the flourishing transportation sector.
Over the next several years, robust growth is anticipated in the lithium grease market, with forecasts predicting its expansion to $4.17 billion by 2029 at a compound annual growth rate (CAGR) of 5.3%. This expected uptick in the forecast period is projected to stem from factors such as the growth of the agricultural sector, the burgeoning mining industry, increased demand for specialized lubricants in the aerospace sector, a surge in consumer electronics production, and a global rise in construction activities. The forecast period also sees key trends emerging like innovative lubricant formulations, optimisation in eco-friendly formulations, advancements in additive technology, a growing inclination towards synthetic lithium greases, and the integration of nanotechnology within lithium grease formulations.
What Key Elements Are Boosting Growth in the Lithium Grease Market?
The expansion of the lithium grease market is projected to be propelled by the escalating growth of the automotive industry. This industry, which encompasses the design, development, production, marketing, and sale of vehicles, is experiencing a surge in growth due to several elements, such as economic growth, infrastructure development, and urbanization. Lithium grease is highly effective in providing lubrication to auto components, which reduces friction and wear, ensuring the components last longer and operate smoothly. In addition, it has the ability to resist temperature instability and water, safeguarding automotive parts from extreme weather conditions, and protecting against rust and corrosion. For instance, Statistics Canada provided data in June 2024 revealing that, in 2022, the total registration of road motor vehicles in Canada was tallied at 26.3 million - showcasing a slight increase of 0.3% from 2021. As a result, the escalating growth of the automotive industry is a key driver in fueling the expansion of the lithium grease market.
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Who Are the Major Industry Players Fueling Lithium Grease Market Expansion?
Major companies operating in the lithium grease market are Exxon Mobil Corporation, China Petroleum & Chemical Corporation, TotalEnergies SE, Chevron Corporation, Phillips 66 Company, Idemitsu Kosan Co. Ltd., Illinois Tool Works Inc., Quaker Chemical Corporation, Valvoline Inc., Petro‐Canada Lubricants Inc., Castrol Limited, WD-40 Company, Lucas Oil Products Inc., Gulf Oil International Ltd., CRC Industries Inc., AMSOIL INC., Penrite Oil Co Pty Ltd., Lubriplate Lubricants Company, Putoline Oil B.V., Sudheimer Car Technik-Vertriebs GmbH, B'laster LLC,Motul India Pvt. Ltd
Which Key Developments Are Influencing the Lithium Grease Market?
Leading corporations in the lithium grease sector are concentrating on producing superior items such as lithium soap-thickened lubricants to enhance protection in severe conditions, catering to the changing demands of diverse industries. Lithium soap-thickened grease is a popular and multifunctional lubricant recognized for its heat tolerance, water-resistance, and mechanical stability. To illustrate, FUCHS, a lubricant manufacturer based in Germany, unveiled the RHEOLUBE 460P series in May 2024. This novel series of PAO lubricants, saturated with lithium soap and free from PFAS, offers an eco-friendly substitute to traditional fluorinated lubricants. It includes innovative additives that amplify lubricity, augment efficiency by minimizing friction, and deliver top-notch performance in low-temperature conditions while preserving stability and constant lubrication, particularly for automotive applications.
How Is the Segmentation of the Lithium Grease Market Defined?
The lithium greasemarket covered in this report is segmented -
1) By Type: General Purpose, Automobile Type, Extreme Pressure Type
2) By Source: Simple, Complex
3) By Application: Building And Construction, Household, Automotive And Transportation, Industrial Machinery, Other Applications
Subsegments:
1) By General Purpose Lithium Grease: Standard Lithium Grease, Multi-Purpose Lithium Grease, Lithium Complex Grease, NLGI Grade 2 Lithium Grease
2) By Automobile Type Lithium Grease: Automotive Wheel Bearing Grease, Automotive Chassis Grease, Grease for Car Engines, Lithium Grease for Steering Systems
3) By Extreme Pressure Type Lithium Grease: EP Lithium Grease for Industrial Applications, Heavy Duty Lithium Grease, EP Lithium Grease for Gear Systems, High-Load Bearing Lithium Grease
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What Is the Leading Region in the Lithium Grease Market?
Asia-Pacific was the largest region in the lithium grease market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lithium grease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Lithium Grease Global Market Report?
- Market Size Analysis: Analyze the Lithium Grease Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Lithium Grease Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Lithium Grease Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Lithium Grease Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Plot no. A-791, 3, MIDC Industrial Area, Navi Mumbai,
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