What is driving the growth of the grease market?

The blog highlights two key drivers: rising demand for aftermarket automotive parts and services, and increasing industrial activity in Asia Pacific.

What are the environmental concerns surrounding grease?

Improper use and disposal of grease can be harmful to the environment. Regulations are tightening, pushing manufacturers towards bio-based alternatives like aluminum complex grease.

Where is the largest grease market?

The Asia Pacific region, led by China, currently consumes the most grease globally. Factors like growing industrial activity and government support for new energy vehicles are driving demand.

Who are the major players in the grease market?

Global giants like Exxon Mobil, Shell, and BP compete alongside regional players like TAURUS PETROLEUMS. Product launches, acquisitions, and collaborations are key growth strategies in this moderately competitive landscape.