How big is the United States Lubricants Market?

The United States Lubricants Market size is expected to reach 7.08 billion Liters in 2024 and grow at a CAGR of 1.54% to reach 7.30 billion Liters by 2026. Read More

What is the current United States Lubricants Market size?

In 2024, the United States Lubricants Market size is expected to reach 7.08 billion Liters. Read More

Who are the key players in United States Lubricants Market?

BP Plc (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and Valvoline Inc. are the major companies operating in the United States Lubricants Market. Read More

Which segment has the biggest share in the United States Lubricants Market?

In the United States Lubricants Market, the Automotive segment accounts for the largest share by end user. Read More

Which is the fastest growing segment in the United States Lubricants Market?

In 2024, the Automotive segment accounts for the fastest growing by end user in the United States Lubricants Market. Read More

What years does this United States Lubricants Market cover, and what was the market size in 2023?

In 2023, the United States Lubricants Market size was estimated at 6.98 billion Liters. The report covers the United States Lubricants Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Lubricants Market size for years: 2024, 2025 and 2026. Read More

United States Lubricants Market Trends

Statistics for the 2023 & 2024 United States Lubricants market trends, created by Mordor Intelligence™ Industry Reports. United States Lubricants 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 lubricants Industry

This section covers the major market trends shaping the US Lubricants Market according to our research experts:

Largest Segment By End User : Automotive

In 2020, the automotive industry dominated the US lubricant market, accounting for around 46.32% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry declined by around 0.04%.
In 2020, COVID-19-related restrictions led to a decrease in the maintenance requirments from several industries. The major impact was observed in the automotive industry, which recorded a dip of 18.05% during the year, followed by heavy equipment (13.75%).
Automotive will likely be the fastest-growing end-user industry in the US lubricants market during 2021-2026, with a CAGR of 2.89%, followed by metallurgy and metalworking. Recovery in the average mileage of vehicles and production outputs is likely to drive the consumption of the automotive industry during the next few years.