The global grease market is estimated to grow from USD 6.67 billion in 2026 to USD 7.96 billion by 2031, representing a compound annual growth rate (CAGR) of 3.60%, according to MarketsandMarkets. The forecast covers 2023 through 2031 and is presented in a report containing 280 market data tables, 37 figures and 240 pages. Demand is being supported by industrial and automotive expansion, the need for reliable equipment lubrication, and development of synthetic, bio-based, high-temperature and long-life products. Asia Pacific held the largest regional share in 2025 at 44.5% by value. Synthetic oil is projected to be the fastest-growing product segment, with a 3.89% CAGR, while agriculture is forecast to be the fastest-growing end-use industry, at 4.46% between 2026 and 2031. Metallic soap was the leading thickener type in 2025, while inorganic thickener ranked third and construction held the second-largest end-use share. Europe was the second-largest regional market in 2025. Shell plc, Exxon Mobil Corporation and Idemitsu Kosan Co., Ltd. were identified as key players, alongside a broader group of global and regional manufacturers. The report also describes investment in capacity, formulation technology, sustainability and regional production, as well as a shift from conventional greases toward higher-value products.