Global Lithium Grease Market 2022-2028

Global Lithium Grease Market 2022-2028

Lithium grease is the most commonly used lubricating grease around the globe - accounting for 75% of lubricating applications across all industries. It demonstrates excellent water resistance and high temperature resistance. This dual capability means it has largely displaced traditional sodium and calcium based greases. Gen Consulting Company predicts global lithium grease market will grow from USD 2,471 million in 2021 to USD 3,431 million by 2028, achieving a CAGR of 4.8 percent, according to the latest edition of the Global Lithium Grease Market Report.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global lithium grease market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the lithium grease industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, thickener, end user, and region. The global market for lithium grease can be segmented by product: general purpose greases, heavy duty greases. Lithium grease market is further segmented by thickener: lithium complex greases, simple lithium greases. In 2021, the simple lithium greases segment made up the largest share of revenue generated by the lithium grease market. Based on end user, the lithium grease market is segmented into: automotive and transportation, building and construction, general manufacturing, mining, others. Among these, the automotive and transportation segment was accounted for the highest revenue generator in 2021. On the basis of region, the lithium grease market also can be divided into: North America, Asia Pacific, Europe, Rest of the World (ROW).

By product:

• general purpose greases
• heavy duty greases

By thickener:

• lithium complex greases
• simple lithium greases

By end user:

• automotive and transportation
• building and construction
• general manufacturing
• mining
• others

By region:

• North America
• Asia Pacific
• Europe
• Rest of the World (ROW)

The report also provides analysis of the key companies of the industry and their detailed company profiles including Chevron Corporation, China Petroleum & Chemical Corporation (Sinopec), ENEOS Holdings, Inc., Eni S.p.A., ExxonMobil Corporation, Fuchs Petrolub SE, Petroliam Nasional Berhad, PJSC Rosneft Oil Company, PT Pertamina, Shell plc, The Phillips 66 Company, TotalEnergies SE, Valvoline Inc., among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global lithium grease market.
• To classify and forecast the global lithium grease market based on product, thickener, end user, region.
• To identify drivers and challenges for the global lithium grease market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global lithium grease market.
• To identify and analyze the profile of leading players operating in the global lithium grease market.

Why Choose This Report

• Gain a reliable outlook of the global lithium grease market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.