From Bike Collectives Wiki
Getting Grease

To over simplify greases, they are designed for different loads and temperatures. Anything made for automotive applications is usually more than adequate for the low loads and temperatures of bicycles.

Bicycle Specific Grease

There are greases being labeled as bicycle specific:

NOTE: Sheldon Brown recommends you use heat resistant grease for coaster brake hubs.

Environmentally Friendly Grease

See Also