Global Grease Additives Market Analysis and Forecasts to 2029: Global Grease Additives Market Poised for Steady Growth, Expected to Reach US$614.63 Million by 2029 [Yahoo! Finance]
NewMarket Corp (NEU)
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Source: Yahoo! Finance
Inhibitors, Corrosion Inhibitors, Pressure Additives, Antiwear Agents, Metal Deactivators, and Others), By Application, By Region Size, Trends and Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. The global grease additives market was valued at US$483.93 million in 2023. The market value is expected to reach US$614.63 million by 2029. The market is expected to grow at a CAGR of approx. 4% during the forecasted period of 2024-2029. The major drivers for the grease additives market include growing demand for specialty greases from various industries, including aerospace, marine, and food processing and rising demand for grease additives from the automotive industry. In addition, as manufacturing processes become more precise and sophisticated, the grease additives market is expected to witness increased adoption of specialized formulations, driving revenue growth, and establishing a solid foundation for the industry's expansion in the foreseeable future.
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