Global Grease Production Overview:
Global grease production has remained relatively stable over the past decade, averaging just over 1.14 billion kg.
The COVID-19 pandemic caused a significant decline in production in 2020, but there was a recovery in 2021 to 1.14 billion kg.
However, the reporting for 2022 experienced a decrease due to poorer participation.
North America accounts for 15.3% of global grease production. While it experienced a slight increase, the real growth was offset by a drop in participants. The region has witnessed a declining trend in production, with a compound annual growth rate (CAGR) of -1.3% over the past 11 years.
Europe represents 18.7% of global grease production. The region showed a recovery from the impact of the pandemic in 2020. However, it lost participants in 2022, affecting the reporting. Europe's production has been increasing steadily, with a CAGR of +1.8%.
Latin America experienced a notable 13% increase in grease production, primarily attributed to changes in participants. The region accounts for 3.8% of global production.
Africa and the Middle East reported a 25% lower production due to decreased participation, contributing 3.5% to global grease production.
India's share in global grease production was 6.1%. Unfortunately, the reporting for 2022 dropped by 27M kg (30%) due to a lack of participation. This decline was partially offset by real growth.
Japan's contribution to global grease production stood at 7%, with production levels relatively unchanged.
The Pacific and Southeast Asia region accounted for 7.6% of global grease production and experienced a 5% increase due to real growth.
China continued to dominate global grease production, representing 38.1% of total production. Its production remained greater than the combined production of Europe and North America. Notably, China witnessed a 2.7% decrease in production.
Grease Production by Thickener Type:
Lithium-based greases, including simple lithium and lithium complex, remain the dominant thickener types, comprising 43.09% and 18.97% of total production, respectively.
The survey revealed a continuing trend of decreasing production in both simple lithium and lithium complex greases.
Calcium sulfonate greases demonstrated a compound annual growth rate (CAGR) of 11.1% and accounted for 4.84% of global grease production. Anhydrous calcium soap greases saw a resurgence, increasing by nearly 2.5% from 2021.
Aluminum complex thickeners and polyurea thickeners showed slight growth in their respective market shares.
Polyurea grease production accounted for nearly 7.5% of all thickeners in 2022, with a compound annual growth rate (CAGR) of +3% over the 12-year period.
The overall trend suggests a shift towards lithium complex thickeners and calcium sulfonate greases, while simple lithium grease production has been declining.
Grease Production by Base Oil Type:
Mineral oil continues to dominate as the most commonly used base oil, representing 87.23% of global grease production.
Synthetic base oils account for 7.97% of production, while semi-synthetic and bio-based oils make up smaller percentages.
Non-conventional base oil types have been steadily increasing in production over the past 12 years, with full synthetic oils leading the way.
The use of bio-based oils is also on the rise, surpassing 1% globally.