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.

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).

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.

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.

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.

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 Latin America Lubricants Report is Segmented by Product Type (Engine Oils, Transmission and Gear Oils, Hydraulic Fluids, and More), End-User Industry (Automotive, Power Generation, Heavy Equipment, Metallurgy and Metalworking, and Other End-User Industries), and Geography (Brazil, Mexico, Argentina, Colombia, Chile, Peru, and Rest of Latin America). The Market Forecasts are Provided in Terms of Volume (Liters).

The Latin American lubricants market, valued at approximately $X million in 2025, is projected to experience steady growth, driven by the expanding automotive and heavy equipment sectors across Mexico, Brazil, and Argentina. A Compound Annual Growth Rate (CAGR) of 3.13% from 2025 to 2033 indicates a consistent increase in demand for engine oils, transmission fluids, greases, and other specialized lubricants. This growth is fueled by increasing industrialization, infrastructure development, and a growing middle class boosting vehicle ownership. Significant opportunities exist within the power generation and metallurgy sectors, particularly in Brazil and Mexico, which are witnessing substantial investments in renewable energy projects and manufacturing capabilities. However, economic volatility and fluctuating oil prices present challenges to sustained market expansion. Furthermore, the increasing adoption of fuel-efficient technologies and stricter environmental regulations could impact the demand for certain lubricant types, necessitating innovation in sustainable and eco-friendly lubricant formulations. The competitive landscape is dominated by major international players, including BP, Chevron, and Shell, alongside regional and specialized lubricant manufacturers. These companies are focusing on strategic partnerships, technological advancements, and product diversification to maintain market share and capitalize on the growth potential. The market segmentation reveals considerable diversity. Engine oils and greases currently dominate the product type segment, but growth is expected across all segments due to the varied industrial activities within Latin America. Mexico’s robust automotive industry and expanding manufacturing base are key drivers for the country's lubricant market, while Brazil's large agricultural and mining sectors contribute significantly to the demand for specialized lubricants. Argentina's economy, while facing fluctuations, also contributes to lubricant consumption, especially within the heavy equipment and automotive segments. The "Rest of Latin America" segment presents a promising opportunity for expansion given the varying levels of economic development and industrial activity across these diverse nations. Future growth will depend on factors such as government policies promoting industrial growth, the stability of regional economies, and the continued adoption of advanced lubricant technologies. Recent developments include: May 2022: Shell plc completed the sales of the lubricants division in Brazil to Raizen. This disinvestment will decrease Shell plc's market presence in Brazil's lubricants market., June 2021: Chevron acquired Puma Energy's fuels and lubricants businesses in Latin America, which included assets in eight countries. This strategic move expanded Chevron's market presence in the region and strengthened its lubricants portfolio.. Key drivers for this market are: Increasing Demand for High Performance Lubricants, Growing Demand Form Construction and Power Generation Industries; Increasing Usage of Lubricants in Automotive and Transportation. Potential restraints include: Increasing Demand for High Performance Lubricants, Growing Demand Form Construction and Power Generation Industries; Increasing Usage of Lubricants in Automotive and Transportation. Notable trends are: Automotive Segment May Witness Significant Market Growth.

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.

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).

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.

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.

In Latin America Lubricants Market, Fuchs Petrolub entered a technology-sharing agreement with an automotive components supplier to co-develop e-mobility lubricants and thermal fluids.

In North America Lubricants Market, Fuchs Petrolub entered a technology-sharing agreement with an automotive components supplier to co-develop e-mobility lubricants and thermal fluids.

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 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 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).