US Lubricants Market Size
| Study Period | 2018 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Market Volume (2024) | 7.08 Billion Liters |
| Market Volume (2026) | 7.30 Billion Liters |
| CAGR (2024 - 2026) | 1.54 % |
| Market Concentration | High |
US Lubricants Market Analysis
The United States Lubricants Market size is estimated at 7.08 Billion Liters in 2024, and is expected to reach 7.30 Billion Liters by 2026, growing at a CAGR of 1.54% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Among all end-user segments, automotive was the largest end user, owing to the high proportion of engine and transmission oil usage in motor vehicles than in any application.
- Fastest Segment by End-user Industry - Automotive : Automotive is expected to be the fastest-growing lubricant end user in the country, owing to expanding passenger and commercial vehicle ownership and recovering travel rates.
- Largest Segment by Product Type - Engine Oils : Engine oil is the most consumed product type, owing to the high volume of engine oil with high replacement frequencies required to lubricate car and truck engines.
- Fastest Segment by Product Type - Engine Oils : Engine oil consumption in the US is likely to grow at a faster rate than other product types due to the rising vehicle activity rates and surge in construction activity.
US Lubricants Market Trends
This section covers the major market trends shaping the US Lubricants Market according to our research experts:
Largest Segment By End User : Automotive
- In 2020, the automotive industry dominated the US lubricant market, accounting for around 46.32% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry declined by around 0.04%.
- In 2020, COVID-19-related restrictions led to a decrease in the maintenance requirments from several industries. The major impact was observed in the automotive industry, which recorded a dip of 18.05% during the year, followed by heavy equipment (13.75%).
- Automotive will likely be the fastest-growing end-user industry in the US lubricants market during 2021-2026, with a CAGR of 2.89%, followed by metallurgy and metalworking. Recovery in the average mileage of vehicles and production outputs is likely to drive the consumption of the automotive industry during the next few years.
US Lubricants Industry Overview
The United States Lubricants Market is moderately consolidated, with the top five companies occupying around 46%. The major players in this market are BP Plc (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and Valvoline Inc. (sorted alphabetically).
US Lubricants Market Leaders
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BP Plc (Castrol)
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Chevron Corporation
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ExxonMobil Corporation
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Royal Dutch Shell Plc
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Valvoline Inc.
*Disclaimer: Major Players sorted in no particular order
US 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.
US Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3. Key Industry Trends
3.1 Automotive Industry Trends
3.2 Manufacturing Industry Trends
3.3 Power Generation Industry Trends
3.4 Regulatory Framework
3.5 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By End User
4.1.1 Automotive
4.1.2 Heavy Equipment
4.1.3 Metallurgy & Metalworking
4.1.4 Power Generation
4.1.5 Other End-user Industries
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Metalworking Fluids
4.2.5 Transmission & Gear Oils
4.2.6 Other Product Types
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP Plc (Castrol)
5.3.2 Chevron Corporation
5.3.3 ExxonMobil Corporation
5.3.4 FUCHS
5.3.5 HollyFrontier (PetroCanada Lubricants)
5.3.6 Phillips 66 Lubricants
5.3.7 Quaker Houghton
5.3.8 Royal Dutch Shell Plc
5.3.9 TotalEnergies
5.3.10 Valvoline Inc.
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
US 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 |
US Lubricants Market Research FAQs
How big is the United States Lubricants Market?
The United States Lubricants Market size is expected to reach 7.08 billion Liters in 2024 and grow at a CAGR of 1.54% to reach 7.30 billion Liters by 2026.
What is the current United States Lubricants Market size?
In 2024, the United States Lubricants Market size is expected to reach 7.08 billion Liters.
Who are the key players in United States Lubricants Market?
BP Plc (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and Valvoline Inc. are the major companies operating in the United States Lubricants Market.
Which segment has the biggest share in the United States Lubricants Market?
In the United States Lubricants Market, the Automotive segment accounts for the largest share by end user.
Which is the fastest growing segment in the United States Lubricants Market?
In 2024, the Automotive segment accounts for the fastest growing by end user in the United States Lubricants Market.
What years does this United States Lubricants Market cover, and what was the market size in 2023?
In 2023, the United States Lubricants Market size was estimated at 6.98 billion Liters. The report covers the United States Lubricants Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Lubricants Market size for years: 2024, 2025 and 2026.
United States Lubricants Industry Report
Statistics for the 2024 United States Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
United States Lubricants Report Snapshots
