US Automotive Engine Oil Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 2.92 Billion Liters |
| Market Volume (2026) | 2.97 Billion Liters |
| CAGR (2024 - 2026) | 0.85 % |
| Market Concentration | High |
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US Automotive Engine Oil Market Analysis
The United States Automotive Engine Oils Market size is estimated at 2.92 Billion Liters in 2024, and is expected to reach 2.97 Billion Liters by 2026, growing at a CAGR of 0.85% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The highest proportion of passenger vehicle population in the United States is attributed to the highest engine oil consumption in the passenger vehicles segment.
- Fastest Segment by Vehicle Type - Passenger Vehicles : As the social distancing measures are being slowly eased in the country, the usage of passenger vehicles is likely to increase, thereby boosting their engine oil consumption.
US Automotive Engine Oil Market Trends
This section covers the major market trends shaping the US Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>
- During 2015-2020, the engine oil consumption in the country witnessed a fluctuating trend and recorded a negative CAGR of 3.95%.
- Most of the engine oils used in the United States meet the latest standards set by the International Lubricant Specification Advisory Committee (ILSAC) and the American Petroleum Institute (API). Although these synthetic grades have higher profit margins per gallon, they also support higher drain intervals. Hence, higher penetration of synthetic engine oils significantly restrained the growth of this product type, in terms of volume, during 2015-2020.
- Post the COVID-19 outbreak, the engine oil change requirements of vehicles further declined. The usage of the existing automotive fleet is gradually boosting the engine oil volume consumption, which is likely to recover at a CAGR of 2.99% during the forecast period.
US Automotive Engine Oil Industry Overview
The United States Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 74.66%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, Phillips 66 Lubricants, Royal Dutch Shell Plc and Valvoline Inc. (sorted alphabetically).
US Automotive Engine Oil Market Leaders
BP PLC (Castrol)
ExxonMobil Corporation
Phillips 66 Lubricants
Royal Dutch Shell Plc
Valvoline Inc.
*Disclaimer: Major Players sorted in no particular order
US Automotive Engine Oil Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- July 2021: Mighty Distributing System (Mighty Auto Parts), a pioneer in automotive aftermarket goods and services, announced a new relationship with Total Specialties USA. It would target the Quartz Ineo and Quartz 9000 sub-ranges, geared for light automobiles and meet European OEMs' most stringent criteria.
US Automotive Engine Oil 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 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Grade
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 CITGO
5.3.4 ExxonMobil Corporation
5.3.5 MOTOREX
5.3.6 Motul
5.3.7 Phillips 66 Lubricants
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 Automotive Engine Oil Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
US Automotive Engine Oil Market Research FAQs
How big is the United States Automotive Engine Oils Market?
The United States Automotive Engine Oils Market size is expected to reach 2.92 billion Liters in 2024 and grow at a CAGR of 0.85% to reach 2.97 billion Liters by 2026.
What is the current United States Automotive Engine Oils Market size?
In 2024, the United States Automotive Engine Oils Market size is expected to reach 2.92 billion Liters.
Who are the key players in United States Automotive Engine Oils Market?
BP PLC (Castrol), ExxonMobil Corporation, Phillips 66 Lubricants, Royal Dutch Shell Plc and Valvoline Inc. are the major companies operating in the United States Automotive Engine Oils Market.
Which segment has the biggest share in the United States Automotive Engine Oils Market?
In the United States Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the United States Automotive Engine Oils Market?
In 2024, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the United States Automotive Engine Oils Market.
What years does this United States Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the United States Automotive Engine Oils Market size was estimated at 2.91 billion Liters. The report covers the United States Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
US Automotive Engine Oil Industry Report
Statistics for the 2024 US Automotive Engine Oil market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Automotive Engine Oil analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
