North America Lubricants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Oil Type (Mineral, Synthetic, and Bio-Based), by Type (Engine Oils, Gear Oils, Grease, Hydraulic Fluids, Industrial Oils, Metalworking Fluids, and Others), by End-user Industry (Automotive & Transportation, Chemical Industries, Construction, Food & Beverages, Metalworking & Mining, Oil & Gas, Power Generation, and Others), and North America (United States, Canada, Mexico, and Rest of North America)

Market Snapshot

North America Lubricants Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: North America
CAGR: 2 %

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Market Overview

The market for North America lubricants is expected to grow at a CAGR of about 2% during the forecast period. Growing demand form construction and power generation industries along with increasing demand for high-performance lubricants are driving the market. On the flip side, the growing population of electrical & hybrid vehicles, increase in the life-time of lubricants and stringent environmental regulations coupled with unfavorable conditions arising due to the COVID-19 outbreak are hindering the market growth.

  • The North America lubricant market is expected to grow during the forecast period owing to the growing demand from the construction and power generation industry.
  • United States to dominate the market with largest consumption in the North American Region

Scope of the Report

The North America Lubricants Market Report include:

Oil Type
Engine Oils
Gear Oils
Hydraulic Fluids
Industrial Oils (Compressor oils, general industrial oils, etc.,)
Metalworking Fluids
Others (Turbine Lubricants, Transformer Oils, etc.,)
End-user Industries
Automotive & Transportation
Chemical Industries
Food and Beverages
Metalworking and Mining
Oil & Gas
Power Generation
North America
United States

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Key Market Trends

Growing Demand form Construction and Power Generation Industry

  • Power generation is one of the most important sectors among all other industries, as it provides electricity, the basic requirement for any industry to run its operations as planned.
  • The growing industrialization and advancements in technologies resulting in the commencement of new plants, thereby increasing the demand for electricity. Turbines are basic elements in energy generation regardless of sources such as wind, thermal, and hydropower. Other than turbines, lubricants are used in pumps, fans, compressors, etc., in the power generation industry.
  • In construction or power generation, lubricants are used to protect the equipment and movable parts from heat, dust, and moisture. They reduce friction and provide dealing, protection, and cooling. The growing investments in power generation and construction are driving the market.
  • In 2019, a total of 9,177 MW of power generation capacity is added to the Canadian grid. As of January 2020, Canada has an installed power generation capacity of more than 655 TWh (terra watt-hours) and the current production is around 626 TWh with more than 60% coming from hydropower.
  • The capital investment in non-residential construction and machinery & equipment is expected to rise to USD 275.5 billion in 2020, an increase of 2.8% from 2019. With the growing population, the increasing demand for power and infrastructure needs are expected to drive the market for North America lubricants during the forecast period.
North America Lubricants Market Revenue Share

United States Region to Dominate the Market

  • The United States region is expected to dominate the market for lubricants in the North American region during the forecast period due to an increase in demand from the end-use industries such as power generation, construction, and automotive.
  • According to the US Census Bureau in April 2020, the value of construction in the United States was around USD 1,346,166 million. The share from the residential sector was about USD 544,312 million and non-residential was approximately USD 801,854 million. The value of total construction referring to educational institutes in April 2020 is USD 14,913 million, warehouses construction is valued at USD 39,169 million, health care constructions is USD 36,764 million. The growing construction activities in the non-residential and residential sectors are driving the market.
  • The automotive industry is one of the largest consumers of lubricants in the region. The automotive production in the United States is around 108 million vehicles in 2019 which is down by 3.7% from 2018. The decline in production, the growing number of electric vehicles, and stringent environmental regulations in the region have hindered the market.
  • The United States is one of the largest producers of oil& gas in the region with around 12.23 million barrels per day, but due to unprecedented conditions due to the COVID-19 outbreak, the consumption of oil & gas is down by at least 5 million barrels per day due to lockdown in various countries resulting in the complete shutdown of travel, tourism, and e-commerce industries. Due to the decline in demand, the rig count has fallen significantly, to 266 from 967 in June 2019. These factors are likely to affect the consumption in 2020 and are expected to reach normal by early 2021.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for the lubricants market in the United States region during the forecast period.
North America Lubricants Market Revenue Share

Competitive Landscape

The global North America lubricants market is fragmented with players accounting for a marginal share of the market. Few companies include Chevron Corporation, Exxon Mobil Corporation, HollyFrontier Corporation, Valvoline LLC, and Total.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand Form Construction and Power Generation Industries

      2. 4.1.2 Increasing Demand for High Performance Lubricants

    2. 4.2 Restraints

      1. 4.2.1 Growing Population of Electrical & Hybrid Vehicles

      2. 4.2.2 Increase in the Life-Time of Lubricants and Stringent Environmental Regulations

      3. 4.2.3 Unfavourable Conditions Arising Due to the COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Oil Type

      1. 5.1.1 Mineral

      2. 5.1.2 Synthetic

      3. 5.1.3 Bio-Based

    2. 5.2 Type

      1. 5.2.1 Engine Oils

      2. 5.2.2 Gear Oils

      3. 5.2.3 Grease

      4. 5.2.4 Hydraulic Fluids

      5. 5.2.5 Industrial Oils (Compressor oils, general industrial oils, etc.,)

      6. 5.2.6 Metalworking Fluids

      7. 5.2.7 Others (Turbine Lubricants, Transformer Oils, etc.,)

    3. 5.3 End-user Industries

      1. 5.3.1 Automotive & Transportation

      2. 5.3.2 Chemical Industries

      3. 5.3.3 Construction

      4. 5.3.4 Food and Beverages

      5. 5.3.5 Metalworking and Mining

      6. 5.3.6 Oil & Gas

      7. 5.3.7 Power Generation

      8. 5.3.8 Others

    4. 5.4 North America

      1. 5.4.1 United States

      2. 5.4.2 Canada

      3. 5.4.3 Mexico


    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 bp America (B.P p.l.c)

      2. 6.4.2 Cargill, Incorporated

      3. 6.4.3 Chevron Corporation

      4. 6.4.4 Eni

      5. 6.4.5 Exxon Mobil Corporation

      6. 6.4.6 FUCHS

      7. 6.4.7 HollyFrontier Corporation

      8. 6.4.8 Klüber Lubrication (FREUDENBERG)

      9. 6.4.9 Oemeta Inc.

      10. 6.4.10 Royal Dutch Shell PLC

      11. 6.4.11 Schlumberger Limited

      12. 6.4.12 Total

      13. 6.4.13 Valvoline LLC

    5. *List Not Exhaustive

    1. 7.1 Growing Demand for Eco-friendly Lubricants

**Subject to Availability

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Frequently Asked Questions

The North America Lubricants Market market is studied from 2016 - 2026.

The North America Lubricants Market is growing at a CAGR of 2% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Chevron Corporation, Exxon Mobil Corporation , HollyFrontier Corporation , Valvoline LLC, Total are the major companies operating in North America Lubricants Market.

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