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United States Lubricants Market - Size, Share, COVID-19 Impact & Forecasts Up To 2026

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  • September 2022
  • Region: United States
  • Mordor Intelligence
  • ID: 5656675
UP TO OFF until Dec 31st 2023
The United States Lubricants Market stood at 6.45 billion liters in 2021 and is projected to register a CAGR of 2.51% to reach 7.30 billion liters in 2026.

Key Highlights

  • Largest Segment by End-user Industry - Automotive: Among all end-user segments, automotive was the largest end user, owing to the high proportion of engine and transmission oil usage in motor vehicles than in any application.
  • Fastest Segment by End-user Industry - Automotive: Automotive is expected to be the fastest-growing lubricant end user in the country, owing to expanding passenger and commercial vehicle ownership and recovering travel rates.
  • Largest Segment by Product Type - Engine Oils: Engine oil is the most consumed product type, owing to the high volume of engine oil with high replacement frequencies required to lubricate car and truck engines.
  • Fastest Segment by Product Type - Engine Oils: Engine oil consumption in the US is likely to grow at a faster rate than other product types due to the rising vehicle activity rates and surge in construction activity.

Key Market Trends

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.

Competitive Landscape

The United States Lubricants Market is moderately consolidated, with the top five companies occupying 51.58%. The major players in this market are BP Plc (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc and Valvoline Inc. (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 Executive Summary & Key Findings
2 Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study?
2.3 Research Methodology
3 Key Industry Trends
3.1 Automotive Industry Trends
3.2 Manufacturing Industry Trends
3.3 Power Generation Industry Trends
3.4 Regulatory Framework
3.5 Value Chain & Distribution Channel Analysis
4 Market Segmentation
4.1 By End User
4.1.1 Automotive
4.1.2 Heavy Equipment
4.1.3 Metallurgy & Metalworking
4.1.4 Power Generation
4.1.5 Other End-user Industries
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Metalworking Fluids
4.2.5 Transmission & Gear Oils
4.2.6 Other Product Types
5 Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP Plc (Castrol)
5.3.2 Chevron Corporation
5.3.3 ExxonMobil Corporation
5.3.4 FUCHS
5.3.5 HollyFrontier (Petro-Canada Lubricants)
5.3.6 Phillips 66 Lubricants
5.3.7 Quaker Houghton
5.3.8 Royal Dutch Shell Plc
5.3.9 TotalEnergies
5.3.10 Valvoline Inc.
6 Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7 Key Strategic Questions for Lubricants CEOs

Companies Mentioned

A selection of companies mentioned in this report includes:

  • BP Plc (Castrol)
  • Chevron Corporation
  • ExxonMobil Corporation
  • HollyFrontier (Petro‑Canada Lubricants)
  • Phillips 66 Lubricants
  • Quaker Houghton
  • Royal Dutch Shell Plc
  • TotalEnergies
  • Valvoline Inc.