The report “Grease Market by Base Oil (Mineral, Synthetic, Bio-based), Thickener Type (Metallic Soap, Non-soap, Inorganic), And End-use Industry (Automotive, General Manufacturing, Construction, Metal, Mining, Agriculture, Power) – Global Forecast to 2027″, size is projected to reach USD 6.9 billion by 2027, at a CAGR of 3.6% from USD 5.8 billion in 2022.
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• 305 Market data Tables
• 76 Figures
• 311 Pages and in-depth TOC on “Grease Market – Global Forecast to 2027”
Some of the prominent key players are:
· Shell plc (Netherlands)
· Exxon Mobil Corporation (US)
· BP p.l.c. (U.K.)
· Chevron Corporation (US)
· TotalEnergies SE (France)
· Sinopec Group (China)
· FUCHS Petrolub SE (Germany)
· Idemitsu Kosan Co. Ltd (Japan)
· Valvoline LLC (US)
· Petronas (Malaysia)
Opportunity: Leveraging E-commerce industry to increase customer reach
E-commerce is an internet platform where manufacturers and sellers can directly sell their grease products without involving any shop, dealer, or distributor. This platform helps the manufacturers of grease to cut down the value chain and improve their margins. Several grease manufacturing companies also started to leverage this revolutionary virtual marketplace to gain a customer base using digital marketing techniques and online campaigns.