The total market value of lubricants in the United States amounted to nearly 20 billion U.S. dollars in 2021. That was an increase of more than 1.5 billion U.S. dollars compared to seven years previously in 2014.

United States lubricants market size reached USD 32.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 41.9 Million by 2033, exhibiting a growth rate (CAGR) of 2.9% during ​2025-2033​. The escalating advances in lubricant technology, including the development of high-performance synthetic lubricants, which contribute to increased efficiency and extended equipment life, are driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 32.6 Million
Market Forecast in 2033	USD 41.9 Million
Market Growth Rate 2025-2033	2.9%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2025-2033​. Our report has categorized the market based on product type, base oil, and end use industry.

The report covers top lubricant companies in USA and the market is segmented by vehicle type (commercial vehicles, motorcycles, passenger vehicles) and by product type (engine oils, greases, hydraulic fluids, transmission & gear oils).

This statistic shows the estimated market value of industrial lubricants in the United States from 2014 to 2016, with forecasted figures for 2017 to 2025. It is forecasted that the U.S. market value of industrial lubricants will amount to nearly nine billion U.S. dollars in 2025.

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).

US Lubricant Market size was valued at USD 36.1 billion in 2021 and is poised to grow from USD 37.1 billion in 2022 to USD 45.8 billion by 2030, growing at a CAGR of 3% in the forecast period (2023-2030).

The fluids and lubricants market in North America was worth some 26.7 billion U.S. dollars in 2023. In 2024, the market value for such products is expected to amount to more than 27 billion U.S. dollars.More information on the fluids and lubricants market can be found here.

The size of the U.S. Lubricants Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of XXX % during the forecast period. The U.S. market for lubricants is witnessing stable growth, mainly due to the growing requirement for high-performance lubricants in industries such as automotive, industrial, and aerospace. Lubricants are required in machinery, vehicles, and equipment to reduce friction, wear, and heat, improving efficiency and increasing the longevity of components. The auto industry is experiencing a new trend in the market towards electric vehicles (EVs) and a higher requirement for fuel-efficient, high-performance lubricants. Industrial also pushes for demand in lubricants as a critical component of manufacturing, machinery, and construction where consistent lubrication is important to high performance. There has been a recent development in the synthesis of lubricants, which performs well in extreme temperatures with a longer lifespan and provides an environmental friendly advantage. Strong emphasis by regulations on environmentally and green-friendly products also influence demand towards biodegradable and low emission lubricant-based products. Growing demands for developed lubricating solutions among various types of industries drive the increasing U.S. lubricant market in future years.

The U.S. industrial lubricants market is projected to grow at a CAGR of 3.11% from 2022 to 2027 and is expected to reach USD 14.1 billion by 2027 from USD 11.7 billion in 2021.

Lubricant oil manufacturers have faced significant volatility in recent years because of fluctuating crude oil prices and shifting economic conditions. During the pandemic, demand for lubricant oil plummeted as industrial activity and automobile usage dropped, causing revenue to plunge. As the economy reopened and oil prices surged, revenue rebounded sharply in 2021 and 2022. However, recessionary fears resulting from the Federal Reserve’s interest rate hikes, along with a drop in oil prices post-pandemic, pressured revenue again in 2023 and kept it flat in 2024. Tariffs and new economic uncertainties have reignited concerns about future demand, with forecasts indicating a potential revenue decline in 2025. The industry has also consolidated as larger companies with broader resources weathered volatility better than smaller firms. Specialization in niche and high-performance products, such as synthetic and recycled oils, has driven customer loyalty and helped sustain providers’ revenue and also boosted consolidation. The rise of electric vehicles (EVs) poses a long-term threat, though their impact is currently softened by the ongoing demand for traditional vehicles. Overall, revenue for lubricant oil manufacturers has expanded at a CAGR of 4.1% over the past five years, reaching $25.7 billion in 2025, including a 1.1% drop in revenue in that year. Lubricant oil manufacturers face several challenges and opportunities moving forward. Tariffs imposed by the Trump administration are expected to strengthen consumer prices and production costs, squeezing household spending and risking a mild economic downturn. Despite these headwinds, signs point toward recovery through higher productivity and increasing vehicle registrations, which will drive demand for lubricant oils. Regardless, falling oil prices may limit potential revenue gains. The growing emphasis on sustainability, with consumers favoring recycled and synthetic oils, offers new revenue streams. Larger companies may initially dominate this market due to economies of scale, although smaller firms could compete by investing in sustainable products. Increased automation and technological advancements are likely to cut costs and improve efficiency, slightly reducing wage expenses while supporting long-term profit growth. Overall, revenue for lubricant oil producers is forecast to creep upward at a CAGR of 1.4% over the next five years, reaching $27.5 billion in 2030.

The U.S. Industrial Lubricants Market is valued at $8.05 billion and is projected to reach $10.8 billion by 2033, growing at a CAGR of 3.2% over the forecast period (2023-2033). This growth can be attributed to the increasing demand for industrial lubricants from various industries such as metalworking, textiles, energy, and chemical manufacturing. The growing need for efficient and reliable machinery in these industries is driving the demand for industrial lubricants that can reduce friction and wear, thereby increasing productivity and reducing maintenance costs. Additionally, the adoption of advanced manufacturing technologies and the increasing use of automated equipment are further driving the market growth. Key market trends include the growing popularity of synthetic lubricants, which offer superior performance and longer life compared to conventional lubricants. The development of biodegradable and environmentally friendly lubricants is also gaining traction, as industries strive to reduce their environmental impact. The increasing adoption of predictive maintenance and condition monitoring systems is providing valuable insights into equipment health and lubrication needs, leading to more efficient and targeted lubrication practices. Lastly, the consolidation of the industrial lubricants market is expected to intensify, as major players look to expand their market share through acquisitions and strategic alliances. Recent developments include: In June 2024, Lucas Oil announced the expansion of its grease manufacturing operations at its production plant in Indiana. The expanded facility is expected to cater to the growing demand for industrial and commercial lubrication solutions that would ensure equipment efficiency and longevity, thus optimizing operations and reducing downtime of the company’s customers. , In December 2023, FUCHS announced that three of its recently launched lubricants, ECOCOOL 7085, ECOCOOL 7978, and ECOCOOL 7990, had received DMG MORI approval for the North American region. These solutions have been designed for lubrication during grinding, cutting, milling, drilling, and sawing operations. This development comes after FUCHS LUBRICANTS announced a technology partnership with DMG MORI in 2022 to introduce high-performance lubricants for machine tool applications. .

The report covers North America Automotive Lubricants Manufacturers and the market is segmented by Vehicle Type (Commercial Vehicles, Motorcycles, Passenger Vehicles), by Product Type (Engine Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils) and by Country (Canada, Mexico, US).

This statistic shows the estimated market value of automotive lubricants in the United States from 2014 to 2016, with forecasted figures for 2017 to 2025. It is forecasted that the U.S. market value of automotive lubricants will amount to nearly 13 billion U.S. dollars in 2025.

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Lubricants Market Size 2025-2029

The lubricants market size is forecast to increase by USD 26.7 billion at a CAGR of 3.5% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand from various end-user industries, including automotive, manufacturing, and power generation. This trend is driven by the rising production levels and the need for efficient machinery operations. Another key driver in the market is the emergence of bio-based lubricants, which offer environmental benefits and are gaining popularity due to growing concerns over sustainability and reducing carbon footprints. However, the market is not without challenges. Fluctuations in crude oil prices pose a significant threat to the market, as lubricants are derived from crude oil and price volatility can impact the cost structure of lubricant manufacturers.
Additionally, the market faces regulatory challenges, particularly in relation to emissions standards and the phasing out of certain lubricant types due to environmental concerns. Companies in the market must stay abreast of these trends and challenges to effectively capitalize on opportunities and navigate obstacles. Adapting to the shifting market dynamics through innovation, sustainability, and regulatory compliance will be crucial for success.

What will be the Size of the Lubricants Market during the forecast period?

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The market continues to evolve, driven by advancements in technology and shifting market dynamics. Performance testing and enhancers play a crucial role in ensuring optimal equipment functionality, while corrosion protection and wear resistance are essential for extending asset life. The shift towards renewable resources and sustainable lubricants, such as bio-based and synthetic options, is gaining momentum. Surface science and additive chemistry are key areas of focus, as they enhance lubricant properties, including temperature stability and oxidation resistance. Fuel economy and emission reduction are critical factors in the transportation sector, leading to the development of green lubricants. Metalworking fluids, hydraulic fluids, and gear oils are increasingly being formulated with advanced additives for improved performance and regulatory compliance.
Lubrication management and oil analysis are essential for maintaining equipment efficiency and ensuring safety. Safety data sheets are a vital component of this process, providing essential information on handling and disposal. Life cycle analysis and supply chain management are also crucial aspects of the lubricants industry, as they help minimize environmental impact and optimize costs. Regulatory compliance and environmental regulations continue to shape the market, driving innovation in areas such as emission reduction and base oil selection. Friction reduction and quality control are also essential considerations for various industries, from heavy duty to automotive applications.

How is this Lubricants Industry segmented?

The lubricants industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Automotive oils
  Industrial oils
  Process oils
  Metalworking fluids
  Greases


Product

  Mineral oil-based lubricants
  Synthetic lubricants
  Bio-based lubricants


Grade Type

  Group I
  Group II
  Group III
  Group IV
  Group V


End-user

  Transportation
  Manufacturing
  Construction
  Mining
  Agriculture
  Others


Distribution Channel

  Direct Sales
  Distributors/Wholesalers
  Retail
  Online


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The automotive oils segment is estimated to witness significant growth during the forecast period.

The automotive industry's expansion, fueled by rising production and increasing demand, particularly in developing countries like China, India, Brazil, and Indonesia, drives the demand for lubricants. Automotive lubricants, essential components in oils such as engine oils, hydraulic oils, and shock absorber fluids, play a crucial role in reducing friction and wear, enhancing fuel economy, and extending the life of automotive components. These benefits are increasingly important as the automotive industry faces stringent environmental regulations, necessitating the use of bio-based and synthetic lubricants, as well as additives for oxidation stability, temperature stability, and wear resistance. The lubricant industry also focuses on improving performance through condition monitor

The U.S. automotive lubricants market, while exhibiting a relatively modest CAGR of 0.99%, demonstrates significant potential for growth driven by several key factors. The increasing number of vehicles on the road, particularly passenger vehicles and commercial trucks, fuels demand for regular oil changes and lubricant replenishment. Furthermore, advancements in engine technology, including the adoption of higher-performance engines in both passenger cars and commercial vehicles, necessitate the use of specialized, higher-quality lubricants, thereby impacting market value. The shift towards synthetic lubricants, offering superior performance and extended drain intervals, represents a key trend driving premiumization within the market. This trend is further amplified by increased consumer awareness regarding the importance of regular maintenance and the long-term benefits of high-quality lubricants in maintaining vehicle performance and extending engine lifespan. However, fluctuating crude oil prices pose a significant restraint, impacting production costs and potentially influencing market pricing. Competition among established players like ExxonMobil, Chevron, and Castrol, along with the emergence of specialized lubricant manufacturers, necessitates a focus on innovation and brand differentiation to maintain market share. The segmentation within the market, encompassing diverse lubricant types such as engine oils, greases, and transmission fluids, caters to various vehicle types and specific lubrication requirements, further adding complexity to market dynamics. Focusing specifically on the US market, we can estimate the market size in 2025 based on global trends and regional market shares. Considering North America’s substantial automotive industry and relatively high vehicle ownership rates, it’s reasonable to assume a significant portion of the global market resides within the U.S. Assuming a conservative market share of 25% for the U.S. within the overall market represented by the given CAGR, we can extrapolate a substantial market value for the U.S. automotive lubricants market. The continued growth in the commercial vehicle segment, driven by e-commerce and logistics expansion, will provide sustained demand. Similarly, the passenger vehicle sector will contribute significantly due to increased vehicle sales and a growing consumer preference for higher-quality lubricants. While fluctuating oil prices remain a concern, the demand for specialized lubricants and synthetic blends is expected to mitigate some of the price-related impacts. Recent developments include: 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.. Notable trends are: Largest Segment By Vehicle Type : Passenger Vehicles.

The lubricant market is valued at US$ 174.94 billion in 2024 and is projected to reach US$ 271.68 billion by 2034, exhibiting a modest CAGR of 4.50% over the forecast period.

Attributes	Key Statistics
Lubricant Market Value (2024)	US$ 174.94 billion
Anticipated Market Value (2034)	US$ 271.68 billion
Estimated Growth (2024 to 2034)	4.50% CAGR

Category-wise Insights

Attributes	Details
Leading Base Oil Type	Synthetic
Market Share in 2024	39.43%

Attributes	Details
Top Product Type	Automotive Oil
Market Share	36.54%

Country-wise Insights

Countries	CAGR through 2034
Australia	6.8%
India	6.8%
China	5.70%
The United States	3.70%
Germany	2.80%

This statistic shows the market share of the lubricants industry in the United States as of 2017, by area of application. At that time, a 30 percent share of the U.S. lubricants market was attributable to consumer automotive applications.

The United States lubricants market was valued at USD 40.33 Billion in 2024. The industry is expected to grow at a CAGR of 3.00% during the forecast period of 2025-2034 to attain a valuation of USD 54.20 Billion by 2034.

This statistic shows the market volume of automotive lubricants in the United States from 2014 to 2016, with forecasted figures for 2017 to 2025, by product. It is forecasted that in 2025, the U.S. market volume of engine oil will be some 2.7 million tons.

The United States is the largest lubricants market in the world. In 2020, the U.S. market volume was an estimated **** million metric tons, just ahead of China, at **** million metric tons. By comparison, China has a per capita lubricants demand of some *** kilograms per year.