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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

United States Automotive Engine Oils Market Trends

Statistics for the 2023 & 2024 United States Automotive Engine Oils market trends, created by Mordor Intelligence™ Industry Reports. United States Automotive Engine Oils trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of United States Automotive Engine Oils Industry

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.