Europe Grease Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Grease Market Analysis
The European grease market is expected to registering a CAGR of over 1% during the forecast period. The major factor driving the growth of the market studied is the environmental and health concerns regarding brominated and other flame retardants.
- On the flipside, the non-suitability of hydroxides to high-temperature applications is expected to hinder the growth of the market studied.
- Increasing prominence for polyurea greases is projected to offer opportunities for the manufacturers in the near future.
Europe Grease Market Trends
This section covers the major market trends shaping the Europe Grease Market according to our research experts:
Metal Soaps to Dominate the Market
- Metal soap is the majorly used thickener for grease production, as it determines the grease properties. These include simple and complex metallic soaps (simple soaps include single fatty acids, whereas complex soaps have multiple fatty acids as complexing agents).
- Thickener acts as an agent that sets the grease apart from fluid lubricants. These are molecules, particles, or polymers that are partially soluble in lubricating fluid and impart a semi-solid consistency to the grease.
- Metallic soap thickener is used in various industries, such as automotive, construction and off-highways, general manufacturing, steel, mining, and other industries, due to its high mechanical stability and temperature tolerance characteristics.
- Lithium, aluminum, sodium, and calcium are the majorly used metals in these thickeners. Organic acids are being added as complexing agents to conventional metal soaps, in order to attain better load-carrying properties and achieve higher dropping points.
- Complex type thickeners have been witnessing the highest demand growth in the recent years, owing to their enhanced properties compared to simple thickeners. Complex thickeners provide improved temperature resistance, and they may not loose their structure as the temperatures approach 300ºC. Lithium complex is consumed mostly in this category, with growing demand for high performance greases. Other majorly used complex type thickeners include aluminum complex, sodium complex, and calcium complex.
- Additionally, with the lithium prices being volatile, the manufacturers have been actively involved in search of other raw materials. Innovations are being made in the lithium complex used where diacid is being replaced with borates as a raw material. This, in turn, is reducing the production time and cost to the manufacturer.
- Owing to the above-mentioned factors, the market for grease is expected to grow in the region during the forecast period.
Europe Grease Industry Overview
The market studied is highly consolidated among the top five players. The top companies have been utilizing competitive strategies and investments to retain and expand their shares. The top five players, namely FUCHS, Royal Dutch Shell, Lukoil, Lubrita, and Axel Christiernsson International AB, account for about 67% of the market studied.
Europe Grease Market Leaders
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FUCHS
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Royal Dutch Shell
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Lukoil
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Lubrita
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Axel Christiernsson International AB
*Disclaimer: Major Players sorted in no particular order
Europe Grease Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Adoption of Higher Performance Greases in Wind Power and Electric Vehicle Industries
- 4.1.2 Increasing Adoption of Higher Performance Greases in Wind Power and Electric Vehicle Industries
- 4.1.3 Booming Wood Pellet Production
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4.2 Restraints
- 4.2.1 Impact of COVID-19 Outbreak
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Thickener
- 5.1.1 Metal Soaps
- 5.1.2 Other Thickeners
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5.2 End-user Industry
- 5.2.1 Power Generation
- 5.2.2 Automotive and Other Transportation
- 5.2.3 Heavy Equipment
- 5.2.4 Food and Beverage
- 5.2.5 Metallurgy and Metalworking
- 5.2.6 Chemical Manufacturing
- 5.2.7 Other End-user Industries
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5.3 Geography
- 5.3.1 Germany
- 5.3.2 United Kingdom
- 5.3.3 Italy
- 5.3.4 France
- 5.3.5 Russia
- 5.3.6 Turkey
- 5.3.7 Spain
- 5.3.8 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Axel Christiernsson International AB
- 6.4.2 Brugarolas SA
- 6.4.3 Calumet branded products, LLC
- 6.4.4 Carl Bechem GmbH
- 6.4.5 Castrol
- 6.4.6 Chevron Corporation
- 6.4.7 CONDAT Group
- 6.4.8 ExxonMobil Corporation
- 6.4.9 FUCHS
- 6.4.10 Gazpromneft - Lubricants Ltd
- 6.4.11 JXTG Nippon Oil & Energy Europe Limited (ENEOS)
- 6.4.12 Klüber Lubrication
- 6.4.13 Lubrita
- 6.4.14 Lukoil
- 6.4.15 Petrol Ofisi
- 6.4.16 PETRONAS Lubricants International
- 6.4.17 Royal Dutch Shell
- 6.4.18 Total
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Prominence for Polyurea Greases
- 7.2 Other Opportunities
Europe Grease Industry Segmentation
The European grease market report includes:
| Thickener | Metal Soaps |
| Other Thickeners | |
| End-user Industry | Power Generation |
| Automotive and Other Transportation | |
| Heavy Equipment | |
| Food and Beverage | |
| Metallurgy and Metalworking | |
| Chemical Manufacturing | |
| Other End-user Industries | |
| Geography | Germany |
| United Kingdom | |
| Italy | |
| France | |
| Russia | |
| Turkey | |
| Spain | |
| Rest of Europe |
Europe Grease Market Research FAQs
What is the current Europe Grease Market size?
The Europe Grease Market is projected to register a CAGR of greater than 1% during the forecast period (2024-2029)
Who are the key players in Europe Grease Market?
FUCHS, Royal Dutch Shell, Lukoil, Lubrita and Axel Christiernsson International AB are the major companies operating in the Europe Grease Market.
What years does this Europe Grease Market cover?
The report covers the Europe Grease Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Grease Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Grease Industry Report
Statistics for the 2024 Europe Grease market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Grease analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
