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North American Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers North American lubricants Companies and the market is segmented by end-user (automotive, heavy equipment, metallurgy & metalworking, power generation), by product type (engine oils, greases, hydraulic fluids, metalworking fluids, transmission & gear oils), and by country (Canada, Mexico, United States).

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North America Lubricants Market Size

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North America Lubricants Market
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svg icon Study Period 2015 - 2026
svg icon Market Volume (2024) 8.96 Billion Liters
svg icon Market Volume (2026) 9.24 Billion Liters
svg icon Largest Share by End User Automotive
svg icon CAGR (2024 - 2026) 1.55 %
svg icon Largest Share by Country United States
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

Compare market size and growth of North America Lubricants Market with other markets in Chemicals & Materials Industry

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North America Lubricants Market Analysis

The North America Lubricants Market size is estimated at 8.96 Billion Liters in 2024, and is expected to reach 9.24 Billion Liters by 2026, growing at a CAGR of 1.55% during the forecast period (2024-2026).

  • Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment of lubricants, owing to the higher proportion of engine and gear oils used in motor vehicles than in industrial applications.
  • Fastest Segment by End-user Industry - Automotive : Automotive is likely to be the fastest-growing end user in the region, owing to expanding car and pickup-truck ownership in countries, like Mexico and the United States.
  • Largest Country Market - United States : The United States is the largest lubricant market in North America, with a higher number of active vehicles and industrial machinery than any other country in the region.
  • Fastest Growing Country Market - Mexico : Due to its rising manufacturing capabilities and vehicle ownership at a higher pace than Canada and the United States, Mexico is projected to witness the fastest growth.

North America Lubricants Market Trends

This section covers the major market trends shaping the North America Lubricants Market according to our research experts:

Largest Segment By End User : Automotive

  • In 2020, the automotive industry dominated the North American lubricants market, accounting for around 47.6% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry increased at a CAGR of 0.22%.
  • In 2020, COVID-19-related restrictions led to a decline in the maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 17.3% during the year, followed by heavy equipment (13.56%).
  • Automotive is likely to be the fastest-growing end-user industry of the North American lubricants market during 2021-2026, with a CAGR of 2.84%, followed by metallurgy and metalworking. A recovery in the average mileage of vehicles and new vehicle sales is likely to drive lubricant consumption in the automotive industry during the forecast period.
North America Lubricants Market

Largest Country : United States

  • In 2020, the United States was the leading consumer of lubricants in the North American region, accounting for around 79.2% of the total lubricant consumption. During 2015-2019, lubricant consumption in the United States increased by a CAGR of 0.67%.
  • In 2020, the COVID-19 outbreak restrained the operations of several industries, thereby restraining lubricant consumption across the North American region. The United States was the most affected, with a 13.7% drop in its lubricant consumption, followed by Mexico with a 13.1% drop.
  • Mexico is likely to be the fastest-growing lubricant market during the forecast period, registering a CAGR of 3.5%, followed by the United States (2.5%). The expected recovery in automotive production and sales in Mexico is likely to drive lubricant consumption.
North America Lubricants Market

North America Lubricants Industry Overview

The North America Lubricants Market is moderately consolidated, with the top five companies occupying 49.28%. The major players in this market are BP Plc (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and Valvoline Inc. (sorted alphabetically).

North America Lubricants Market Leaders

  1. BP Plc (Castrol)

  2. Chevron Corporation

  3. ExxonMobil Corporation

  4. Royal Dutch Shell Plc

  5. Valvoline Inc.

*Disclaimer: Major Players sorted in no particular order

North America Lubricants Market
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North America Lubricants Market News

  • May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.
  • March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.
  • January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.

North America Lubricants Market Report - Table of Contents

  1. 1. Executive Summary & Key Findings

  2. 2. Introduction

    1. 2.1. Study Assumptions & Market Definition

    2. 2.2. Scope of the Study

    3. 2.3. Research Methodology

  3. 3. Key Industry Trends

    1. 3.1. Automotive Industry Trends

    2. 3.2. Manufacturing Industry Trends

    3. 3.3. Power Generation Industry Trends

    4. 3.4. Regulatory Framework

    5. 3.5. Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1. By End User

      1. 4.1.1. Automotive

      2. 4.1.2. Heavy Equipment

      3. 4.1.3. Metallurgy & Metalworking

      4. 4.1.4. Power Generation

      5. 4.1.5. Other End-user Industries

    2. 4.2. By Product Type

      1. 4.2.1. Engine Oils

      2. 4.2.2. Greases

      3. 4.2.3. Hydraulic Fluids

      4. 4.2.4. Metalworking Fluids

      5. 4.2.5. Transmission & Gear Oils

      6. 4.2.6. Other Product Types

    3. 4.3. By Country

      1. 4.3.1. Canada

      2. 4.3.2. Mexico

      3. 4.3.3. United States

      4. 4.3.4. Rest of North America

  5. 5. Competitive Landscape

    1. 5.1. Key Strategic Moves

    2. 5.2. Market Share Analysis

    3. 5.3. Company Profiles

      1. 5.3.1. Bardahl

      2. 5.3.2. BP Plc (Castrol)

      3. 5.3.3. Chevron Corporation

      4. 5.3.4. ExxonMobil Corporation

      5. 5.3.5. HollyFrontier (PetroCanada lubricants)

      6. 5.3.6. Phillips 66 Lubricants

      7. 5.3.7. Quaker Houghton

      8. 5.3.8. Royal Dutch Shell Plc

      9. 5.3.9. TotalEnergies

      10. 5.3.10. Valvoline Inc.

  6. 6. Appendix

    1. 6.1. Appendix-1 References

    2. 6.2. Appendix-2 List of Tables & Figures

  7. 7. Key Strategic Questions for Lubricants CEOs

List of Tables & Figures

  1. Figure 1:  
  2. VEHICLE POPULATION, NUMBER OF UNITS, NORTH AMERICA, 2015 - 2026
  1. Figure 2:  
  2. COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, NORTH AMERICA, 2015 - 2026
  1. Figure 3:  
  2. MOTORCYCLES POPULATION, NUMBER OF UNITS, NORTH AMERICA, 2015 - 2026
  1. Figure 4:  
  2. PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, NORTH AMERICA, 2015 - 2026
  1. Figure 5:  
  2. MANUFACTURING VALUE ADDED, USD BILLION (CURRENT VALUE), NORTH AMERICA, 2015 - 2020
  1. Figure 6:  
  2. POWER GENERATION CAPACITY, GIGAWATT (GW), NORTH AMERICA, 2015 - 2020
  1. Figure 7:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, BY END USER, 2015-2026
  1. Figure 8:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 9:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, AUTOMOTIVE, 2015-2026
  1. Figure 10:  
  2. NORTH AMERICA LUBRICANTS MARKET, AUTOMOTIVE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 11:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, HEAVY EQUIPMENT, 2015-2026
  1. Figure 12:  
  2. NORTH AMERICA LUBRICANTS MARKET, HEAVY EQUIPMENT, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 13:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, METALLURGY & METALWORKING, 2015-2026
  1. Figure 14:  
  2. NORTH AMERICA LUBRICANTS MARKET, METALLURGY & METALWORKING, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 15:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, POWER GENERATION, 2015-2026
  1. Figure 16:  
  2. NORTH AMERICA LUBRICANTS MARKET, POWER GENERATION, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 17:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, OTHER END-USER INDUSTRIES, 2015-2026
  1. Figure 18:  
  2. NORTH AMERICA LUBRICANTS MARKET, OTHER END-USER INDUSTRIES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 19:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026
  1. Figure 20:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 21:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026
  1. Figure 22:  
  2. NORTH AMERICA LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 23:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026
  1. Figure 24:  
  2. NORTH AMERICA LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 25:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026
  1. Figure 26:  
  2. NORTH AMERICA LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 27:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, METALWORKING FLUIDS, 2015-2026
  1. Figure 28:  
  2. NORTH AMERICA LUBRICANTS MARKET, METALWORKING FLUIDS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 29:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION & GEAR OILS, 2015-2026
  1. Figure 30:  
  2. NORTH AMERICA LUBRICANTS MARKET, TRANSMISSION & GEAR OILS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 31:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, OTHER PRODUCT TYPES, 2015-2026
  1. Figure 32:  
  2. NORTH AMERICA LUBRICANTS MARKET, OTHER PRODUCT TYPES, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 33:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, BY COUNTRY, 2015-2026
  1. Figure 34:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME SHARE (%), BY COUNTRY, 2020
  1. Figure 35:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, CANADA, 2015-2026
  1. Figure 36:  
  2. NORTH AMERICA LUBRICANTS MARKET, CANADA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 37:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, MEXICO, 2015-2026
  1. Figure 38:  
  2. NORTH AMERICA LUBRICANTS MARKET, MEXICO, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 39:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, UNITED STATES, 2015-2026
  1. Figure 40:  
  2. NORTH AMERICA LUBRICANTS MARKET, UNITED STATES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 41:  
  2. NORTH AMERICA LUBRICANTS MARKET, VOLUME IN LITERS, REST OF NORTH AMERICA, 2015-2026
  1. Figure 42:  
  2. NORTH AMERICA LUBRICANTS MARKET, REST OF NORTH AMERICA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 43:  
  2. NORTH AMERICA LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 44:  
  2. NORTH AMERICA LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 45:  
  2. NORTH AMERICA LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2020

North America Lubricants Industry Segmentation

By End User
Automotive
Heavy Equipment
Metallurgy & Metalworking
Power Generation
Other End-user Industries
By Product Type
Engine Oils
Greases
Hydraulic Fluids
Metalworking Fluids
Transmission & Gear Oils
Other Product Types
By Country
Canada
Mexico
United States
Rest of North America
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Market Definition

  • Vehicle Types and Industrial Equipment - Automotive (Passenger Vehicles, Commercial Vehicles and Motorcycles), Power Generation, Heavy Equipment, Metallurgy & Metalworking and Other End-user Industries (Marine, Aviation etc.) are considered under the lubricants market.​
  • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission & gear oils, hydraulic fluids, metalworking fluids, and greases are taken into consideration.​
  • Service Refill - Service/maintenance refill is considered while accounting the lubricant consumption for each of the vehicle and equipment, under the study.​
  • Factory Fill - First lubricant fill-ups for newly produced vehicles and industrial equipment are considered under the study.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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North America Lubricants Market Research FAQs

The North America Lubricants Market size is expected to reach 8.96 billion Liters in 2024 and grow at a CAGR of 1.55% to reach 9.24 billion Liters by 2026.

In 2024, the North America Lubricants Market size is expected to reach 8.96 billion Liters.

BP Plc (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and Valvoline Inc. are the major companies operating in the North America Lubricants Market.

In the North America Lubricants Market, the Automotive segment accounts for the largest share by end user.

In 2024, United States accounts for the largest share by country in the North America Lubricants Market.

In 2023, the North America Lubricants Market size was estimated at 8.82 billion Liters. The report covers the North America Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Lubricants Market size for years: 2024, 2025 and 2026.

North American Lubricants Industry Report

Statistics for the 2023 North American Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North American Lubricants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

North American Lubricants Market Report Snapshots

North American Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)