WhatsApp: +86 15266060622         Email:  juntai720@163.com

China lubricating grease enterprises registered increased

Issuing time:2021-06-17 12:11Author:YIRUNDE GREASE

2020 is a special year, a lot of things have happened, so that many lubricating grease enterprises change the sales model and the product formula.

At the same time by the impact of international crude oil prices continued to rise, from the end of December last year to now, lubricating grease manufacturer and high-end bearing grease factory Price increase notice has been issued, March this year once again ushered in the rising tide.

Data show that at present, China has a total of 1.12 million lubricating oil related enterprises, Shandong ranks first with 1348 thousand enterprises, Jiangsu and Guangdong rank second and third respectively, Shanghai, Beijing and Jinan are the top three cities.

In 2020, 184,100 new businesses were registered, up 12.9 percent year on year.

lubricating grease _ bearing grease _ china lubricating grease manufacture  news.jpg

Shandong, Jiangsu and Guangdong ranked among the top three provincial regions, while Shanghai, Beijing and Jinan ranked among the top three municipal regions

lubricating grease _ bearing grease _ china lubricating grease manufacture  news002.jpg



1. From the provincial regional distribution table below, the enterprise survey data shows that Shandong ranks first with 134,800 enterprises, followed by Jiangsu and Guangdong with 98,400 and 83,900 enterprises respectively.

In addition, provincial-level regions such as Henan, Shaanxi, Zhejiang, Xinjiang and Liaoning also made the top 10.


lubricating grease _ bearing grease _ china lubricating grease manufacture  news003.jpg


2. In terms of distribution at the municipal level, the data showed that Shanghai topped the list with 46,800 lube-related enterprises, and Beijing ranked second with 31,300.

Jinan, Suzhou, Chongqing, Qingdao and Guangzhou also made the top 10.

In 2020, 184,100 newly registered enterprises were registered, up 12.9 percent year on year


lubricating grease _ bearing grease _ china lubricating grease manufacture  news004.jpg



3. From the perspective of industry changes in the past decade, data show that the registrations of lubricant-related enterprises have been increasing year by year. In 2017, the registrations of lubricant-related enterprises exceeded 100,000 for the first time, reaching 117,500. In 2020, the annual registrations reached 184,100, with a year-on-year growth of 12.9%.


lubricating grease _ bearing grease _ china lubricating grease manufacture  news005.jpg


4. In terms of registered capital, data show that 32% of enterprises have registered capital of less than 1 million yuan, and those between 1 million and 5 million yuan account for 35%.

In addition, enterprises with a registered capital of more than 30 million yuan account for 5 percent.

In the international market, influenced by the dual factors of economic recovery, demand growth and slow recovery of upstream production capacity, the international crude oil futures price has been soaring all the way, once breaking through the mark of 70 US dollars, which also indicates that the turning point of lubricating oil market is probably difficult to arrive in the short term. Let us hope that the future market will recover as soon as possible, so that grease manufacturers can create better products.






WhatsApp:+86 15266060622                                                      E-Mail: juntai720@163.com                            ADD:Guangrao County, Dongying City, Shandong Province