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

The United States Lubricants Market is segmented by End User ( Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation ) and by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils )

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 ** percent share of the U.S. lubricants market was attributable to consumer automotive applications.

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.

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 market value of lubricants and fuel additives in North America reached *** billion U.S. dollars in 2023 and is forecast to climb to more than *** billion U.S. dollars by 2031. More information on the lubricant and fuel additives 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 fluids and lubricants market in North America was worth some **** billion U.S. dollars in 2023. In 2024, the market value for such products is expected to amount to more than ** billion U.S. dollars.More information on the fluids and lubricants market can be found here.

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).

Latin America's market for lubricants and fuel additives is forecast to grow to **** billion U.S. dollars in 2024, up from **** billion U.S. dollars the previous year. By 2027, the market could exceed two billion U.S. dollars in value, making Latin America the world region with the highest compound annual growth rates in this market segment.More information on the lubricant and fuel additives market can be found here.

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 ************ U.S. dollars in 2025.

The Latin America Lubricants Market report segments the industry into Product Type (Engine Oil, Transmission and Gear Oils, Metalworking Fluid, Hydraulic Fluid, Greases, Other Product Types), End-User Industry (Power Generation, Automotive, Heavy Equipment, Metallurgy and Metalworking, Other End-User Industries), and Geography (Mexico, Brazil, Argentina, Rest of Latin America).

US Lubricants Market size was valued at USD 30.5 Billion in 2024 and is projected to reach USD 40 Billion by 2032, growing at a CAGR of 3.5% from 2025 to 2032.

US Lubricants Market: Definition/Overview

In the US, Lubricants are chemicals that are used between two surfaces in relative motion to minimize friction, wear, and heat production. Lubricants are often liquids, although they can also take the form of gels, greases, or solid coatings. They serve an important role in preserving the efficiency and lifetime of mechanical systems by reducing direct contact between surfaces, hence preventing component damage and degradation.

Lubricants are employed in a variety of sectors and daily situations. In the automobile industry, they are essential for the smooth operation of engines, gearboxes, and other moving parts, as well as for enhancing fuel efficiency and engine life.

This statistic shows the market share of the lubricants industry in the United States as of 2017, by the leading product segments. At that time, a ** percent share of the U.S. lubricants market was attributable to passenger car engine oils.

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).

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 South America Lubricants 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 (Argentina, Brazil).

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.

North America Lubricants Market is expected to reach at a CAGR of 2.52% during the forecast period 2024-2031

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.