Global Grease Markets, Analysis & Forecasts 2017-2021 & 2022-2027
The Global Grease Market is expected to record a CAGR of ~5% during the forecast period (2022-2028).
- The Global Grease Market is expected to record a CAGR of ~5% during the forecast period (2022-2028).
- Increased automation in multiple industries and rising demand from the automotive sector is a driving factor for the grease market.
- Automotive is the largest end-user of grease, increasing demand for vehicles will directly help the grease market to rise.
- The Global Grease Market witnessed significant growth during the period 2017-2021, primarily driven by growing demand from the automotive industry, and rising end-user industries.