The Global Grease Market was valued at USD 3.73 Billion in 2022 and is projected to reach USD 4.73 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period. This growth is being driven by increasing industrial automation, expanding automotive production in emerging economies, and the accelerating adoption of high-performance synthetic and bio-based greases across manufacturing, mining, and transportation sectors.

As industries worldwide transform toward efficient, reliable, and sustainable operations, the spotlight is on the key lubricant suppliers who are driving innovation, performance, and environmental responsibility. In this blog, we profile the Top 10 Companies in the Grease Industry—a mix of oil majors, specialty chemical manufacturers, and sustainability pioneers shaping the future of industrial lubrication.

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🔟 1. Royal Dutch Shell PLC

Headquarters: The Hague, Netherlands
Key Offering: Shell Gadus Greases, High-Performance Synthetic Greases, and Bio-based Lubricants

Shell is a global leader in lubricants and greases, offering a comprehensive portfolio for automotive, industrial, and marine applications. Their grease division serves heavy machinery, wind turbines, and automotive assembly lines with advanced formulations that extend equipment life and reduce maintenance costs.

Sustainability Initiatives:

• Development of advanced bio-based grease formulations
• Commitment to achieve net-zero emissions by 2050
• Water-resistant and extreme-pressure greases for harsh environments

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Grease Market – View in Detailed Research Report

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9️⃣ 2. Exxon Mobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: Mobilgrease Series, High-Performance Synthetic Greases, and Specialty Lubricants

ExxonMobil’s grease business provides high-performance lubricants for industrial equipment, automotive applications, and aerospace components. The company invests heavily in R&D for next-generation greases that meet stringent industry standards.

Sustainability Initiatives:

• Advanced synthetic grease technology for energy efficiency
• Global supply chain optimization for consistent product quality

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8️⃣ 3. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offering: Chevron Ultra-Duty Greases, Polyurea Greases, and Lithium Complex Greases

Chevron’s grease portfolio includes specialized formulations for mining equipment, steel plants, and food processing machinery.

Sustainability Initiatives:

• Focus on extended lubrication intervals to reduce waste
• Development of environmentally acceptable lubricants for sensitive applications

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7️⃣ 4. Sinopec Corporation

Headquarters: Beijing, China
Key Offering: Sinopec Grease Series, Lithium-Based Greases, and Calcium Sulfonate Greases

Sinopec is China’s largest grease producer, serving domestic and international markets with cost-effective and high-performance lubricants.

Sustainability Initiatives:

• Investment in biodegradable grease technology
• Energy-efficient formulations for electric vehicle components

Download FREE Sample Report:
Grease Market – View in Detailed Research Report

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6️⃣ 5. TotalEnergies SE

Headquarters: Paris, France
Key Offering: Total Greases, Multipurpose Greases, and High-Temperature Greases

TotalEnergies offers a wide range of greases for industrial maintenance, construction equipment, and agricultural machinery across global markets.

Sustainability Initiatives:

• Development of renewable-based grease formulations
• Focus on circular economy principles in lubricant manufacturing

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5️⃣ 6. Fuchs Petrolub SE

Headquarters: Mannheim, Germany
Key Offering: Fuchs Greases, Specialty Lubricants, and Food-Grade Greases

Fuchs Petrolub is a global specialty lubricant manufacturer with a strong focus on grease technology for demanding industrial applications.

Sustainability Initiatives:

• Water-saving technologies in grease production
• Bio-based grease formulations for environmentally sensitive sectors

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4️⃣ 7. BP PLC

Headquarters: London, United Kingdom
Key Offering: BP Energrease Series, Industrial Greases, and Automotive Lubricants

BP’s grease business provides lubrication solutions for energy generation, manufacturing, and transportation sectors worldwide.

Sustainability Initiatives:

• Development of low-carbon footprint greases
• Advanced synthetic base oil technologies for superior performance

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3️⃣ 8. PetroChina Company Limited

Headquarters: Beijing, China
Key Offering: Kunlun Greases, High-Temperature Greases, and Multi-Purpose Lubricants

PetroChina is one of Asia’s leading grease manufacturers, serving automotive, industrial, and marine sectors with reliable and cost-effective lubricant solutions.

Sustainability Initiatives:

• Focus on local production to reduce transportation emissions
• Investment in R&D for next-generation grease formulations

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2️⃣ 9. Idemitsu Kosan Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Idemitsu Grease Series, Lithium Complex Greases, and Polyurea Greases

Idemitsu Kosan provides high-quality greases for automotive manufacturing, industrial machinery, and electrical components.

Sustainability Initiatives:

• Development of long-life greases to reduce consumption
• Water-resistant formulations for marine and offshore applications

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1️⃣ 10. Klüber Lubrication

Headquarters: Munich, Germany
Key Offering: High-Performance Specialty Greases, Synthetic Lubricants, and Food-Grade Greases

Klüber Lubrication specializes in high-performance synthetic greases for extreme conditions, serving wind energy, steel production, and automotive sectors with innovative lubrication solutions.

Sustainability Initiatives:

• Focus on energy-efficient lubricant formulations
• Customized grease solutions for specific industrial requirements

Get Full Report Here: Grease Market – View in Detailed Research Report

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🌍 Outlook: The Future of Grease Is Smarter and More Sustainable

The industrial grease market is undergoing a significant transformation. While conventional lithium-based greases still dominate in volume, the industry is investing significantly in synthetic alternatives, bio-based formulations, and smart lubrication technologies that predict maintenance needs.

📈 Key Trends Shaping the Market:

• Rapid adoption of synthetic and bio-based greases in European and North American markets
• Increasing demand for high-temperature and extreme-pressure greases in heavy industries
• Development of smart greases with embedded sensors for condition monitoring

Get Full Report Here:
Grease Market – View in Detailed Research Report

The companies listed above are not only lubricating global industry—they’re spearheading the efficiency revolution in manufacturing and transportation.