MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Industrial Lubricants - Greases
Overview
Market size
$5.6B
global, USD
CAGR
3.8%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
5
tracked players
Signals
12
7 high severity
Market outlook
2031$6.7B
What changed
Demand by region
Asia Pacific demand45%
North America demand20%
Europe demand20%
Latin America demand7%
Rest of world demand8%
share of global demandtotal 100%
Cost drivers
Mineral Base Oils (Group I, II, III)55%
Performance Additive Packages20%
Manufacturing, Blending, and Packaging15%
Freight and Outbound Logistics10%
share of delivered cost (analyst estimate)