Automotive Grease Market is predicted to reach USD 103.6 billion at a CAGR of 4.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Automotive Grease Market”.

The Market is estimated to register a CAGR of 4.50% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Automotive Grease Market— Shell p/c (U.K.), Exxon Mobil Corporation (U.S.), BP p/c (U.K.), Chevron Corporation (U.S.), TotalEnergies SE (France), China National Petroleum Corporation (China), Idemitsu Kosan (Japan), Sinopec Group (China), Fuchs Petrolub SE (Germany), Valvoline Inc. (U.S.) and ENEOS Corporation (Japan).

Market Highlights

The global Automotive Grease Market is 103.6 billion accounted to register a CAGR of 4.50% during the forecast period and is estimated to reach USD 103.6 billion by 2032.

Rising emphasis on fuel efficiency and pollution control rules by various governments worldwide is another important driver of revenue growth in the automotive grease market. However, fluctuations in raw material prices, the rise of low-cost replacements, and the move towards electric vehicles are important issues that could limit the market's revenue growth. Furthermore, considerable prospects from growing economies, as well as rising demand for environmentally friendly lubricants, are likely to drive expansion in the automotive grease market.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Global Automotive Grease Market

Segmental Analysis

The global Automotive Grease Market has been segmented based on Oil Type and Product Type.

The oil type segments in the market include Synthetic, Semi-synthetic, and Conventional. The conventional segment held the highest market share of automotive grease in 2023. Because of its stability and resistance to temperature changes, it can be used in engine oil to provide superior engine protection and lubrication.

The global Automotive Grease Market is divided into two segments based on Product Type: Engine Oil, Gear Oil, Transmission Fluids, Coolant, And Brake Fluids & Greases. In 2023, the engine oil segment accounted for a considerable share of overall sales. Engine oil is an important lubricant that decreases friction and wear and tear between the engine's many moving parts, hence boosting the engine's overall efficiency and performance.

Regional Analysis

The global Automotive Grease Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Automotive Grease Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Automotive Grease Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Automotive Grease Market comprises of Middle East, Africa, and Latin America.

North America dominated the Automotive Grease Service Market in 2023. The region has a well-established automotive industry, with passenger vehicles and heavy-duty trucks driving the majority of lubricant demand. The region's increasing use of electric vehicles is projected to limit market growth. Nonetheless, the need for high-performance lubricants, which are required for electric vehicles, is expected to create new opportunities for market participants. The region's tough emissions laws are also expected to boost demand for high-performance lubricants.

Moreover, throughout the projected period, the Europe automotive grease market is expected to grow moderately. The region has a robust automotive industry, with passenger cars and heavy-duty vehicles driving the demand for lubricants. The installation of stringent emissions standards, such as Euro 6, is boosting demand for high-performance lubricants. Furthermore, the region's increasing use of electric vehicles is expected to bring up new opportunities for industry participants. However, it is projected that the high cost of electric vehicles and the lack of charging infrastructure in some places may limit market expansion.

Additionally, Asia Pacific is the third-largest market for Automotive Greases, with tremendous development potential. The sector is growing as a result of rising demand for passenger cars, commercial vehicles, and two-wheelers in emerging markets such as India, China, and the ASEAN nations. The market for car lubricants is growing due to the region's increased urbanization, rising disposable income, and expanding population. The region's severe emissions rules are also increasing demand for high-performance lubricants. The region's need for automotive grease is expected to remain high due to the presence of major automakers such as Toyota, Honda, and Hyundai.

The rest of the world Automotive Grease Market is divided into three regions: the Middle East, Africa, and Latin America. These regions' growth is mainly due to rising investments by automakers in the region, as well as expanding consumer desire for personal vehicles which will drive up product demand.

Key Findings of the Study

• The global Automotive Grease Market is expected to reach USD 103.6 billion by 2032, at a CAGR of 4.50% during the forecast period.


• Asia Pacific is the third-largest market for Automotive Greases, with tremendous development potential. The sector is growing as a result of rising demand for passenger cars, commercial vehicles, and two-wheelers in emerging markets such as India, China, and the ASEAN nations.


• The conventional segment held the highest market share of automotive grease in 2023 based on oil type.


• Shell p/c (U.K.), Exxon Mobil Corporation (U.S.), BP p/c (U.K.), Chevron Corporation (U.S.), TotalEnergies SE (France), China National Petroleum Corporation (China), Idemitsu Kosan (Japan), Sinopec Group (China), Fuchs Petrolub SE (Germany), Valvoline Inc. (U.S.) and ENEOS Corporation (Japan) are key market players.