The Global Polyalkylene Glycol (PAG)-based Grease Market was valued at USD 1.28 Billion in 2024 and is projected to reach USD 1.86 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2030). This growth is being driven by increasing industrial automation, stringent regulatory requirements for high-performance lubricants, and the accelerating adoption of sustainable and bio-based formulations across automotive, aerospace, and industrial equipment sectors.

As global industries increasingly demand lubricants that offer superior performance under extreme conditions while meeting environmental standards, the spotlight is on the key manufacturers who are driving technological innovation, operational efficiency, and environmental compliance. In this blog, we profile the Top 10 Companies in the Polyalkylene Glycol (PAG)-based Grease Industry—a mix of chemical majors, specialty lubricant producers, and sustainability pioneers shaping the future of industrial lubrication.

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🔟 1. Exxon Mobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: Mobilith SHC Series, Synthetic PAG Greases

ExxonMobil is a global leader in synthetic lubricants and greases, offering high-performance PAG-based formulations for demanding applications across multiple industries. Their product portfolio includes greases specifically engineered for high-temperature operations, food-grade applications, and extreme pressure conditions.

Innovation Initiatives:

• Advanced PAG formulations for electric vehicle components

• Development of biodegradable PAG greases

• Digital monitoring solutions for grease performance tracking

Download FREE Sample Report: Polyalkylene Glycol (PAG)-based Grease Market – View in Detailed Research Report

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9️⃣ 2. Royal Dutch Shell Plc

Headquarters: London, United Kingdom
Key Offering: Gadus S5 V Series, Food-Grade PAG Greases

Shell's industrial lubricants division operates across more than 70 countries, supplying specialized PAG-based greases to automotive manufacturers, industrial plants, and marine operations worldwide.

Innovation Initiatives:

• High-performance PAG greases for wind turbine applications

• Partnerships with OEMs for customized grease formulations

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8️⃣ 3. Fuchs Petrolub SE

Headquarters: Mannheim, Germany
Key Offering: Renolit CH Series, Specialty PAG Greases

Fuchs is a global specialty lubricant manufacturer with extensive expertise in PAG-based grease technology. Their formulations are widely used in automotive manufacturing, food processing, and heavy machinery operations.

Innovation Initiatives:

• Focus on water-soluble PAG greases for specific industrial applications

• Investment in R&D for next-generation PAG formulations

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7️⃣ 4. TotalEnergies

Headquarters: Paris, France
Key Offering: Lubrifiants Spéciaux PAG, Industrial Greases

TotalEnergies offers a comprehensive range of PAG-based greases through its industrial lubricants division, serving sectors ranging from automotive manufacturing to food processing equipment.

Innovation Initiatives:

• Development of PAG greases with extended service intervals

• Focus on reducing environmental impact through improved formulations

Download FREE Sample Report: Polyalkylene Glycol (PAG)-based Grease Market – View in Detailed Research Report

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6️⃣ 5. Idemitsu Kosan Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Idemitsu Grease Series, High-Performance PAG Formulations

Idemitsu Kosan is a leading Japanese chemical company with significant expertise in PAG-based lubricants and greases.

Innovation Initiatives:

• Specialized PAG greases for compressor applications

• Expanding global distribution network for PAG products

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5️⃣ 6. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Plurasafe Series, Advanced PAG Greases

BASF is a global chemical leader with extensive capabilities in PAG chemistry and formulation development. Their PAG-based greases are engineered for applications requiring exceptional thermal stability and load-carrying capacity.

Innovation Initiatives:

• Investment in bio-based PAG raw materials

• Development of multifunctional PAG greases for automotive applications

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4️⃣ 7. Croda International Plc

Headquarters: Snaith, United Kingdom
Key Offering: Syn-Alox Series, Performance PAG Greases

Croda International specializes in high-performance chemicals and lubricants, with particular strength in PAG-based grease technology for specialized industrial applications.

Innovation Initiatives:

• Focus on sustainability through renewable raw material sourcing

• Custom PAG formulations for specific customer requirements

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3️⃣ 8. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offering: Chevron Ultra Grease Series, Industrial PAG Greases

Chevron's lubrication division offers a comprehensive portfolio of PAG-based greases through its global network of distributors and industrial partners.

Innovation Initiatives:

• Development of PAG greases for extreme temperature applications

• Investment in advanced formulation technologies for PAG enhancement

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2️⃣ 9. Phillips 66 Company

Headquarters: Houston, Texas, USA
Key Offering: Phillips Advanced Grease Series, Specialty PAG Formulations

Phillips 66 is a significant player in the PAG-based grease market, leveraging its chemical manufacturing capabilities to develop advanced formulations for demanding industrial applications.

Innovation Initiatives:

• Focus on high-performance PAG greases for industrial automation and robotics applications.

• Expansion of production capacity for high-performance lubricants

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1️⃣ 10. Liqui Moly GmbH

Headquarters: Ulm, Germany
Key Offering: Synthetic PAG Greases, Industrial Lubricants

Liqui Moly specializes in high-quality lubricants and additives, with a growing presence in the PAG-based grease segment, particularly for automotive and industrial maintenance applications.

Innovation Initiatives:

• Development of specialty PAG greases for specific automotive systems

• Focus on developing PAG formulations for electric vehicle components

Get Full Report Here: Polyalkylene Glycol (PAG)-based Grease Market – View in Detailed Research Report

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

The PAG-based grease market is undergoing a significant transformation as industries demand lubricants that offer superior performance while addressing environmental concerns and regulatory compliance requirements.

📈 Key Trends Shaping the Market:

• Increasing demand for high-temperature PAG greases in automotive manufacturing

• Growing adoption of water-soluble PAG formulations in food processing equipment

• Rising investment in bio-based and renewable PAG raw materials

• Regulatory push for environmentally acceptable lubricants in sensitive applications

Get Full Report Here: Polyalkylene Glycol (PAG)-based Grease Market – View in Detailed Research Report

The companies listed above are not only supplying critical lubrication solutions—they're spearheading the technological evolution of industrial maintenance and manufacturing processes.