North America Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 8.96 Billion Liters |
| Market Volume (2026) | 9.24 Billion Liters |
| CAGR (2024 - 2026) | 1.55 % |
| Market Concentration | High |
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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 : <span style="font-family: 'regular_bold';color:#0e7db3;">Automotive</span>
- 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.
Largest Country : <span style="font-family: 'regular_bold';color:#0e7db3;">United States</span>
- 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 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
BP Plc (Castrol)
Chevron Corporation
ExxonMobil Corporation
Royal Dutch Shell Plc
Valvoline Inc.
*Disclaimer: Major Players sorted in no particular order
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. 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
4.3 By Country
4.3.1 Canada
4.3.2 Mexico
4.3.3 United States
4.3.4 Rest of North America
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Bardahl
5.3.2 BP Plc (Castrol)
5.3.3 Chevron Corporation
5.3.4 ExxonMobil Corporation
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
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 |
North America Lubricants Market Research FAQs
How big is the North America Lubricants Market?
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.
What is the current North America Lubricants Market size?
In 2024, the North America Lubricants Market size is expected to reach 8.96 billion Liters.
Who are the key players in North America Lubricants Market?
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.
Which segment has the biggest share in the North America Lubricants Market?
In the North America Lubricants Market, the Automotive segment accounts for the largest share by end user.
Which country has the biggest share in the North America Lubricants Market?
In 2024, United States accounts for the largest share by country in the North America Lubricants Market.
What years does this North America Lubricants Market cover, and what was the market size in 2023?
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.
