Lithium grease is an in-organic clay-based grease for plain and rolling bearings operating temperatures higher than those at which conventional soap-based greases can be used. According to BlueQuark Research & Consulting, the global Lithium Grease market is expected to grow significantly during the forecasted period. Factors such as the increasing demand from the automotive sector are expected to drive the need for the global Lithium Grease market in the forecasted period. Further, the rise of Automation in Industries is expected to drive the demand for the worldwide Lithium Grease market in the forecasted period. Furthermore, increasing demand for the building & construction industry is expected to drive the need for the global Lithium Grease market in the forecasted period. However, increase in demand for lithium, and hence the costs are rising at a high rate. In addition, a constant fluctuation in crude oil prices impacts the cost of base oil used in production. Therefore, it is expected to hamper the global Lithium Grease market in the forecasted period.

Lithium grease is used in automotive & transportation, industrial, building & construction, and mining.

The automotive industry is one of the critical consumers of lithium grease. Lithium grease is utilized in various parts and joints of automobiles and even in chassis & wheel bearing applications, and it is used for lubrication in mechanical systems. The prime purpose of lithium-based lubricants is to decrease friction between moving parts resulting in surged efficiency and output of the system. Grease also reduces the wear of machine parts, raising the life of components. In addition, the growing application of lithium batteries in the automotive sector has led to a surge in the production of an electric vehicle. Automation uses equipment and technology to automate production systems or processes to boost efficiency by reducing manual labor. Automation has two main advantages increasing production activities and reducing human errors. This keeps operations lean, efficient, and productive. There is a surge in the adoption of automation across different industries to increase manufacturers and reduce error and production costs. As automation increases, mechanical parts are constantly under motion and load, which mandates a high lubrication requirement for the system to work efficiently without any breakdown. This is raising the demand for lithium grease for lubrication purposes.

Asia Pacific was the most prominent and fastest-growing market. The region was led by China and is witnessing an increase in demand from the automotive & transportation sector, increasing mining activities, and manufacturing & machinery sector. In addition, countries such as India, and Japan, South Korea, are also expected to increase their manufacturing & construction activities which would further propel the demand. Lithium grease protects against oxidation, extreme temperature, and wear & tear. These lithium based lubricant are suitable for various applications ranging from general-purpose to heavy-duty. The other advantage of lithium-based lubricants is that it minimizes leakage and avoid contaminants. The lubricants are used in machines that cannot be frequently lubricated. General-purpose grease is suitable for all regular applications, whereas heavy-duty lithium grease is used when the parts are in contact with high load and temperature. Heavy-duty grease is projected to grow significantly due to the increased use of heavy machinery in construction, mining, and industrial manufacturing. Lithium grease, also known as lithium soap and white lithium, is a lithium derivative soap, and these soaps are primarily used as components of various Lubricants. Most lubricating greases are made of oil and a bar of soap. Grease is made by dispersing soap into the oil to form a stable, dense gel-like substrate called grease. Lithium soap-based grease adheres specifically well to metal. It is non-corrosive and suitable for use under heavy-load applications such as industrial machinery. These greases also exhibit good temperature tolerance. They possess drip temperatures of 190°C to 220°C. Lithium grease also resists moisture. Thus, grease is preferred for household products such as electric garage doors. It can also be used in automotive applications such as CV joints. These greases can be modified by additives such as PTFE and molybdenum disulfide for better performance under high loads and higher temperature resistance. Due to their low cost, simple thickeners constitute the most significant portion of the global lithium grease market share. The simple thickeners claimed the market quickly due to their better water resistance and high-temperature application than other soaps like sodium and calcium. The lithium complex grease comprises two molecules, the co-crystallization of lithium soap molecules and the dibasic salt molecule. Lithium complex grease has many advantages over simple thickeners. Hence, it replaces simple lithium grease.

The market's key players are Shell PLC, Philips 666, Sinopec, ExxonMobil, and Total Energies.

The Global Lithium Grease Market report provides deep insight into the market's current and future state across various regions. The study comprehensively analyses the market by segmenting it based on Thickener Type (Simple, Complex), Application (General Purpose, Heavy-Duty), End-Use Industry ( Automotive & Transportation, Industrial, Building, Mining, and Others), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report examines the market drivers and restraints and the impact of COVID-19 on market growth in detail. The research examines emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched sections on the competitive landscape with prominent companies and profiles, including their market shares and projects.