Asia Pacific Grease Additives Market Forecast to 2028

According to the research team’ research, the Asia Pacific Grease Additives Market was valued at US$ 256.43 million in 2022 and is expected to reach US$ 356.72 million by 2028, registering a CAGR of 5.1% from 2022 to 2028. Proliferation of automotive industry strategic initiatives by key market players are the critical factors attributed to the Asia Pacific Grease Additives Market expansion.

The renewable energy industry, a subsegment of the power sector, is emerging as a prominent consumer of industrial greases. Grease is primarily used in turbines and transformers in this industry. In recent years, the increasing demand for renewable energy has led to an upsurge in wind turbine installations worldwide. The IEA states that 830 GW of wind capacity was installed as of 2021, of which 93% were onshore systems while 7% were offshore wind farms. Countries across the world are taking initiatives to increase their renewable energy capacities through wind turbine installations. With several new wind installations, the demand for lubricants such as greases has increased worldwide. Wind turbine lubricants contribute to the reliability of wind farms by ensuring streamlined operations and maintenance. Lubrication is essential at various points in a wind turbine; these include the gearbox, open gear, pitch gear, and pitch bearing. Wind power industry use grease additives such as pressure additives, corrosion inhibitors, and oxidation inhibitors to ensure the enhanced performance. Thus, the rising demand for greases in the wind power industry is likely to favor the growth of the Asia Pacific Grease Additives Market in the coming years.

On the contrary, stringent government policies hampers the Asia Pacific Grease Additives Market.

Based on type, the Asia Pacific Grease Additives Market is segmented into oxidation inhibitors, corrosion inhibitors, anti-wear agents, pressure additives, metal deactivators, and others. The oxidation inhibitors segment held 36.4% share of Asia Pacific Grease Additives Market in 2022, amassing US$ 96.55 million. It is projected to garner US$ 129.40 million by 2028 to expand at 5.0% CAGR during 2022–2028.

Based on application, the Asia Pacific Grease Additives Market is segmented into automotive, aerospace, marine, mining, steel mill, construction machinery, and others. The automotive segment held 62.3% share of Asia Pacific Grease Additives Market in 2022, amassing US$ 165.42 million. It is projected to garner US$ 221.74 million by 2028 to expand at 5.0% CAGR during 2022–2028.

Based on country, the Asia Pacific Grease Additives Market has been categorized into the China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the China captured 60.9% share of Asia Pacific Grease Additives Market in 2022. It was assessed at US$ 161.59million in 2022 and is likely to hit US$ 218.64 million by 2028, exhibiting a CAGR of 5.2% during the forecast period.

Key players dominating the Asia Pacific Grease Additives Market are Afton Chemical Corp; BASF SE; Clariant AG; Croda International plc; Evonik Industries AG; Shamrock Technologies Inc; The Lubrizol Corp; RT Vanderbilt Holding Co Inc; Lanxess AG; and IPAC Inc.

Afton Chemical Corp, a global lubricant and fuel additive manufacturer, completed its phase 3 expansion to add ‘Gasoline Performance Additives (GPA)’ blending capabilities at its Singapore chemical additive manufacturing facility.

1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Grease Additives Market, by Type
1.3.2 Asia Pacific Grease Additives Market, by Application
1.3.3 Asia Pacific Grease Additives Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Grease Additives Market Landscape
4.1 Market Overview
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Competitive Rivalry
4.1.5 Threat of Substitutes
4.2 Ecosystem Analysis
4.2.1 Raw Materials
4.2.2 Manufacturing
4.2.3 Distributors/Suppliers
4.2.4 End-User Industries
4.3 List of Vendors
4.4 List of Grease Manufacturers and Suppliers
4.5 Calcium Sulphonate Grease Technology
4.6 Expert Opinions
5. Asia Pacific Grease Additives Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Proliferation of Automotive Industry
5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraint
5.2.1 Stringent Government Policies
5.3 Market Opportunity
5.3.1 Increase in Wind Turbine Installations
5.4 Future Trend
5.4.1 Burgeoning Demand for Synthetic Grease
5.5 Impact Analysis
6. Grease Additives – Asia Pacific Market Analysis
6.1 Asia Pacific Grease Additives Market Overview
6.2 Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Asia Pacific Grease Additives Market –Volume and Forecast to 2028 (Tons)
7. Asia Pacific Grease Additives Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Grease Additives Market, By Type (2021 and 2028)
7.3 Oxidation Inhibitors
7.3.1 Overview
7.3.2 Oxidation Inhibitors: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.3.3 Oxidation Inhibitors: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Corrosion Inhibitors
7.4.1 Overview
7.4.2 Corrosion Inhibitors: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.4.3 Corrosion Inhibitors: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Antiwear Agents
7.5.1 Overview
7.5.2 Antiwear Agents: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.5.3 Antiwear Agents: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Pressure Additives
7.6.1 Overview
7.6.2 Pressure Additives: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.6.3 Pressure Additives: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Metal Deactivators
7.7.1 Overview
7.7.2 Metal Deactivators: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.7.3 Metal Deactivators: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.8.3 Others: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Grease Additives Market Analysis – By Application
8.1 Overview
8.2 Asia Pacific Grease Additives Market, By Application (2021 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Aerospace
8.4.1 Overview
8.4.2 Aerospace: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Marine
8.5.1 Overview
8.5.2 Marine: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Mining
8.6.1 Overview
8.6.2 Mining: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Steel Mill
8.7.1 Overview
8.7.2 Steel Mill: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Construction Machinery
8.8.1 Overview
8.8.2 Construction Machinery: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Grease Additives Market –Country Analysis
9.1 Overview
9.1.1 Asia Pacific Grease Additives Market, by Key Country
9.1.1.1 Australia: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
9.1.1.2 Australia: Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Australia: Asia Pacific Grease Additives Market, by Type
9.1.1.2.2 Australia: Asia Pacific Grease Additives Market, by Type
9.1.1.2.3 Australia: Asia Pacific Grease Additives Market, by Application
9.1.1.3 China: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
9.1.1.4 China: Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 China: Asia Pacific Grease Additives Market, by Type
9.1.1.4.2 China: Asia Pacific Grease Additives Market, by Type
9.1.1.4.3 China: Asia Pacific Grease Additives Market, by Application
9.1.1.5 India: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
9.1.1.6 India: Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 India: Asia Pacific Grease Additives Market, by Type
9.1.1.6.2 India: Asia Pacific Grease Additives Market, by Type
9.1.1.6.3 India: Asia Pacific Grease Additives Market, by Application
9.1.1.7 Japan: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
9.1.1.8 Japan: Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.8.1 Japan: Asia Pacific Grease Additives Market, by Type
9.1.1.8.2 Japan: Asia Pacific Grease Additives Market, by Type
9.1.1.8.3 Japan: Asia Pacific Grease Additives Market, by Application
9.1.1.9 South Korea: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
9.1.1.10 South Korea: Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.10.1 South Korea: Asia Pacific Grease Additives Market, by Type
9.1.1.10.2 South Korea: Asia Pacific Grease Additives Market, by Type
9.1.1.10.3 South Korea: Asia Pacific Grease Additives Market, by Application
9.1.1.11 Rest of Asia Pacific: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
9.1.1.12 Rest of Asia Pacific: Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.12.1 Rest of Asia Pacific: Asia Pacific Grease Additives Market, by Type
9.1.1.12.2 Rest of Asia Pacific: Asia Pacific Grease Additives Market, by Type
9.1.1.12.3 Rest of Asia Pacific: Asia Pacific Grease Additives Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Expansion
10.3 New Product Development
10.4 Partnerships
11. Company Profiles
11.1 Afton Chemical Corp
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 BASF SE
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Clariant AG
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Croda International plc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Evonik Industries AG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Shamrock Technologies Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 The Lubrizol Corp
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 RT Vanderbilt Holding Co Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Lanxess AG
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About the Insight Partners
12.2 Glossary of Terms

Table 1. Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific Grease Additives Market –Volume and Forecast to 2028 (Tons)
Table 3. Australia: Asia Pacific Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Asia Pacific Grease Additives Market, by Type– Volume and Forecast to 2028 (Tons)
Table 5. Australia: Asia Pacific Grease Additives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Asia Pacific Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Asia Pacific Grease Additives Market, by Type – Volume and Forecast to 2028 (Tons)
Table 8. China: Asia Pacific Grease Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Asia Pacific Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Asia Pacific Grease Additives Market, by Type– Volume and Forecast to 2028 (Tons)
Table 11. India: Asia Pacific Grease Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Asia Pacific Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Asia Pacific Grease Additives Market, by Type – Volume and Forecast to 2028 (Tons)
Table 14. Japan: Asia Pacific Grease Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Asia Pacific Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Asia Pacific Grease Additives Market, by Type – Volume and Forecast to 2028 (Tons)
Table 17. South Korea: Asia Pacific Grease Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Asia Pacific: Asia Pacific Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Asia Pacific: Asia Pacific Grease Additives Market, by Type– Volume and Forecast to 2028 (Tons)
Table 20. Rest of Asia Pacific: Asia Pacific Grease Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. Glossary of Terms, Asia Pacific Grease Additives Market

Figure 1. Asia Pacific Grease Additives Market Segmentation
Figure 2. Asia Pacific Grease Additives Market Segmentation – By Country
Figure 3. Asia Pacific Grease Additives Market Overview
Figure 4. Asia Pacific Grease Additives Market, By Type
Figure 5. Asia Pacific Grease Additives Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Ecosystem Analysis: Asia Pacific Grease Additives Market
Figure 8. Expert Opinions
Figure 9. Asia Pacific Grease Additives Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
Figure 12. Asia Pacific Grease Additives Market Revenue Share, By Type (2021 and 2028)
Figure 13. Oxidation Inhibitors: Asia Pacific Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 14. Oxidation Inhibitors: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Corrosion Inhibitors: Asia Pacific Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 16. Corrosion Inhibitors: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Antiwear Agents: Asia Pacific Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 18. Antiwear Agents: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Pressure Additives: Asia Pacific Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 20. Pressure Additives: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Metal Deactivators: Asia Pacific Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 22. Metal Deactivators: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Others: Asia Pacific Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 24. Others: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Asia Pacific Grease Additives Market Revenue Share, By Application (2021 and 2028)
Figure 26. Automotive: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Aerospace: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Marine: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Mining: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 30. Steel Mill: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 31. Construction Machinery: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 32. Others: Asia Pacific Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 33. Asia Pacific Grease Additives Market, by Key Country – Revenue (2022)
Figure 34. Asia Pacific Grease Additives Market Revenue Share, by Key Country (2021 and 2028)
Figure 35. Australia: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
Figure 36. Australia: Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. China: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
Figure 38. China: Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. India: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
Figure 40. India: Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41. Japan: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
Figure 42. Japan: Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. South Korea: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
Figure 44. South Korea: Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of Asia Pacific: Asia Pacific Grease Additives Market – Volume and Forecast to 2028 (Tons)
Figure 46. Rest of Asia Pacific: Asia Pacific Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)