the global Lubricating Grease market size is projected to reach USD 2.28 billion by 2029

Lubricating grease generally consists of a soap emulsified with mineral or vegetable oil. The characteristic feature of lubricating grease is that they possess a high initial viscosity, which upon the application of shear, drops to give the effect of an oil-lubricated bearing of approximately the same viscosity as the base oil used in the grease. This change in viscosity is called thixotropy. Lubricating grease is sometimes used to describe lubricating materials that are simply soft solids or high viscosity liquids, but these materials do not exhibit the shear-thinning (thixotropic) properties characteristic of the classical grease. For example, petroleum jellies such as Vaseline are not generally classified as greases.

According to the new market research report “Global Lubricating Grease Market Report 2023-2029”, published by GlobaIInfoResearch, the global Lubricating Grease market size is projected to reach USD 2.28 billion by 2029, at a CAGR of 1.5% during the forecast period.

• Global Lubricating Grease MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Lubricating Grease Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

• Global Lubricating Grease Top21 Players Rankingand Market Share（Based on data of 2021, Continually updated）

Source: GlobalInfoResearch, “Global Lubricating Grease Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

The global key manufacturers of Lubricating Grease include Shell, Exxon Mobil, BP, Total Lubricants, Axel Christiernsson, Chevron, FUCHS, LUKOIL, SKF, JX Nippon Oil & Energy Corporation, etc. In 2021, the global top five players had a share approximately 26.0% in terms of revenue.

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