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Greases in the US Procurement Price, Data and Insights
This report is intended to help buyers of greases, which are a type of semisolid lubricant consisting of oil and a thickener. Other ingredients can be added to greases to enhance their longevity, including rust inhibitors and oxidation preventives. Because of its thicker consistency, grease has a longer working life than liquid oil lubricants and can perform better under high temperatures. These factors make greases a popular choice for lubricating heavy machinery and other industrial equipment. Silicone greases are also often used to lubricate rubber components due to the corrosive effect oil has on rubber.
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What’s included in this market coverage
IBISWorld's research coverage on the Greases procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Greases market in the United States includes Calcium Greases, Lithium Greases, Aluminum Greases, Polyurea Greases, Silicone Greases, Bentone Greases, General Purpose Greases and High Performance Greases. Standard coding in this coverage includes ISIC-192-Manufacture of refined petroleum products, NACE-19.20-Manufacture Of Refined Petroleum Products, NAICS-324190-Other petroleum and coal product manufacturing and UNSPSC-15121900-Greases.
What companies are included as top suppliers?
The top companies covered in the Greases procurement report as suppliers are Citgo Petroleum Corp, Lucas Oil Products Inc., Fuchs Group, Marathon Petroleum Corp. and Phillips 66 Co.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Greases market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per 120 pound drum, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Greases market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Greases procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Greases market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Greases market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Greases?
The 2026 benchmark market price for Greases is $2110 per 120 pound drum. Prices have increased at a CAGR of 3.82 from 2023-26.
Who are the top vendors in the Greases market?
The top vendors in the Greases market include Citgo Petroleum Corp, Lucas Oil Products Inc., Fuchs Group, Marathon Petroleum Corp. and Phillips 66 Co.
What industries supply the Greases market?
The top industries supplying the Greases market are Petrochemical Manufacturing in the US, Oil Drilling & Gas Extraction in the US, Oil Pipeline Transportation in the US, Inorganic Chemical Manufacturing in the US, Industrial Machinery, Gas and Chemicals in the US, Oilseed Farming in the US and Tractors & Agricultural Machinery Manufacturing in the US.
What is the supply chain risk for Greases?
High market share concentration in greases limits negotiation leverage. The greases market features a high market share concentration, with a few major petrochemical companies dominating the supply base. For buyers, this consolidation restricts negotiating leverage and makes it more challenging to drive competitive pricing or quickly switch vendors amid disruptions. Procurement teams should focus on cultivating strong, long-term supplier relationships and leverage volume commitments to extract value-added services or favorable terms, rather than expecting aggressive price concessions through bidding.
What factors affect the price of Greases?
Various additives, such as antioxidants, rust inhibitors, and extreme-pressure additives, are added to grease to enhance its performance and are a major factor influencing the price of grease. Additives increase production costs for manufacturers, leading to higher prices for buyers.
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