Grease is a semi-solid lubricant that protects machines, vehicles, vessels, and their components from corrosion, wear and tear. According to BlueQuark Research & Consulting, the global grease market is expected to witness a moderate growth rate during the forecasted period. Factors such as growing demand from the automotive industry on account of an increase in the manufacture and sales of passenger and commercial vehicles from major economies like China, the United States, etc., are expected to increase the demand for the grease market during the forecasted period. Further, rising demand for metallic soap thickeners from industrial activities, along with the increasing use of grease in the production of ships and growing repair and maintenance activities, are expected to increase the demand for the grease market during the forecasted period. However, the volatility in the exchange rates, availability of alternative products, and the imposition of stringent environmental regulations are some factors restricting the Global Grease market growth in the forecasted period. 

Grease is used across a wide range of industries, including automotive, manufacturing, mining, construction, steel, marine, and farming industry, among others. 

The automotive sector is likely to dominate the market during the forecasted period. In the automotive segment, grease is utilized in different vehicle parts, for example, wheel direction, widespread joints, suspensions, apparatuses, switches, and connectors, in light of their properties (which incorporate mechanical security, temperature resilience, water obstruction, and enemies of oxidants). The requirement for superior grease is expanding with the production of machines and hardware for end-client enterprises. Henceforth, with the expanding two and four-wheelers and deals combined with minimal developments in aviation, marine, and railroad areas, the interest in grease from automotive and other transportation sections is extended to increment during the conjecture time frame. Manufacturing, construction, and mining industries use heavy-load equipment that requires regular lubrication. Owing to increasing competition and growing challenges in manual operations, highly updated technology is vital for the growth of all these industries. The increasing cost of workforce and safety requirements also augment the demand for process automation. The use of automation helps with increased production rates, reduced labor costs, and improved worker safety. Hence, most companies are automating their operating systems, which, in turn, is driving grease consumption. Grease is extensively used to lubricate ball joints, suspension, chassis, control arm-shafts, tie-rod ends, and U-joints. The surging demand for high-performance vehicles favors market growth. In addition, grease protects various auto parts, such as connectors, switches, wheel bearings and gears, from wear and tear owing to its stability and temperature tolerance properties. Grease is extensively used for suspension, chassis, lubricate ball joints, tie-rod ends, and control arm-shafts and U-joints. Therefore, the growing demand for high-performance vehicles favors the growth of the grease market. The various product innovations, such as the development of bio-based and environment-friendly grease manufactured using renewable, non-toxic materials with low sulfur levels, significantly boost the market growth. Additionally, the widespread adoption of high-performance oil in wind power plants to remove residue and ensure cleaner operations positively impacts the market growth. Apart from this, implementing various government initiatives to encourage the utilization of bio-based grease and increasing product demand in the manufacturing sector are predicted to drive the global market toward growth.

Asia-Pacific is expected to be the significant market for grease consumption, followed by North America and Europe. Asia-Pacific has registered robust growth in automotive production and sales, with countries such as China, India, Indonesia, and Malaysia exhibiting constant growth rates in the recent past. Moreover, other end use industry, such as construction and manufacturing, are growing, with increasing investments in Asia-Pacific countries, contributing to the growth of lubricant consumption and grease in the region. Thus, Asia-Pacific is likely to propel the demand for the studied market during the forecast. The factors boosting the growth of the industrial grease market include their wide use in various types of industrial application and the technological advancements that surge to more efficient refined products. The main factor that accelerates the revenue growth of the industrial grease market is the higher emphasis on quality. The higher quality industrial greases are attractive and gain much traction in the market. Also, such high-quality industrial greases are highly durable, last longer and are more effective in functioning. Grease also plays a critical role in chemical manufacturing, and growth in the global chemical industry directly impacts the grease market. Grease also has a significant consumption quota in the construction industry, especially metalworking. Various upcoming projects in the Asia Pacific region are predicted to boost the grease market in this region. Metallic soap type thickener is presently the most utilized thickener in the world. Metallic soap-based grease is categorized into three types straight, mixed, and complex. These are further sub-categorized based on the metals used. The metals used as thickeners are aluminum, calcium, lithium, and sodium. The straight metallic soap thickener has different characteristics based on metals such as aluminum, calcium, lithium, and sodium. Lithium soap is dominant and cheaper among metallic thickeners and consists of excellent resistance to the high melting point, water and breakdown, and good lubricity. Mixed greases combine two or more metallic soaps to produce a grease that contains some of the desired properties of both metal soaps. Complex soaps are created by the reaction of the alkali with a blend of a monobasic acid and a dibasic acid. 

The global grease market segment during the forecast period. Some of the market's key players are ExxonMobil Corporation, Royal Dutch Shell PLC, Total SA, Chevron Corporation, BP PLC, and Valvoline LLC.

In June 2019, Schaeffler India announced its new high-performance, multipurpose premium grease, XTRA3. This grease is specially developed and designed to increase the service life of bearings operating in harsh and demanding work environments.

The global Grease Market report provides deep insight into the current and future state of the grease market across various regions. The study comprehensively analyzes the Grease market by segmenting based on geography, thickener type (Metallic-Soap Thickener and Others), and end-use industry (Construction, Manufacturing, Mining & Steel, Automotive, and Others). The report examines the market drivers and restraints influencing the growth in detail. The study covers & includes emerging market size, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market shares and projects.