North America Lubricants Market Size

North America Lubricants Market Analysis

The North America Lubricants Market size is estimated at 8.96 Billion Liters in 2024, and is expected to reach 9.24 Billion Liters by 2026, growing at a CAGR of 1.55% during the forecast period (2024-2026).

• Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment of lubricants, owing to the higher proportion of engine and gear oils used in motor vehicles than in industrial applications.
• Fastest Segment by End-user Industry - Automotive : Automotive is likely to be the fastest-growing end user in the region, owing to expanding car and pickup-truck ownership in countries, like Mexico and the United States.
• Largest Country Market - United States : The United States is the largest lubricant market in North America, with a higher number of active vehicles and industrial machinery than any other country in the region.
• Fastest Growing Country Market - Mexico : Due to its rising manufacturing capabilities and vehicle ownership at a higher pace than Canada and the United States, Mexico is projected to witness the fastest growth.