Key Takeaways
- The global automotive engine oil market size was valued at USD 80.6 billion in 2021 and is expected to reach USD 132.1 billion by 2030 (CAGR 5.6% from 2022–2030)
- The global automotive transmission fluid market size was valued at USD 35.1 billion in 2023 and is expected to reach USD 55.0 billion by 2032 (CAGR 5.2% from 2024–2032)
- The global industrial lubricants market was valued at USD 55.0 billion in 2023 and is projected to reach USD 77.0 billion by 2030 (CAGR 5.1% from 2024–2030)
- In the United States, API Base Oil Categories Group I through V are defined in ASTM D396 by chemical saturation and manufacturing process; Group I has sulfur >0.03% and saturates <90%
- ASTM D396 defines Group II as saturates ≥90% and sulfur ≤0.03%
- ASTM D396 defines Group III as saturates ≥90% and VI ≥120
- Grease waste is a hazardous waste category in some jurisdictions; in the EU, certain waste oils and grease may fall under EWC 130208* (mineral-based machining oils, chlorinated)
- The EU Waste Framework Directive classifies waste and requires waste management planning
- The EU REACH Regulation (EC) No 1907/2006 governs registration, evaluation, authorization and restriction of chemicals used in grease formulations
- The International Energy Agency estimates global oil demand growth; in 2023, global oil demand was about 102.0 million barrels per day
- The IEA states global oil demand increased to about 102.1 mb/d in 2023
- The IEA oil demand forecast for 2024 is about 103.1 mb/d
- Grease oil content and thickness are commonly expressed as NLGI grade; NLGI 2 corresponds to worked penetration 265–295 (0.1 mm)
- NLGI 1 corresponds to worked penetration 310–340 (0.1 mm)
- NLGI 00 corresponds to worked penetration 400–430 (0.1 mm)
Grease demand rises across vehicles, rail, wind, mining, driven by market growth.
Market Size & Growth
Market Size & Growth Interpretation
Standards, Grades & Performance
Standards, Grades & Performance Interpretation
Environmental Impact & Regulation
Environmental Impact & Regulation Interpretation
Production, Trade & Consumption
Production, Trade & Consumption Interpretation
Applications & Usage
Applications & Usage Interpretation
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