The North America oil and gas lubricants market size reached USD 33.20 Billion in 2024. The market is expected to grow at a CAGR of 1.80% between 2025 and 2034, reaching almost USD 39.68 Billion by 2034.
North America's demand for lubricants is expected to surge, primarily driven by the automotive and industrial sectors, which collectively hold a substantial 90% market share. However, growth in the automotive sector may face constraints due to evolving emission regulations and the rise of electric vehicles. Nevertheless, aerospace and marine applications present lucrative opportunities, attracting leading manufacturers and presenting growth opportunities for the oil and gas lubricants market in North America.
Intense competition has spurred strategic asset divestments and investments in upstream operations. Premium lubricants are forecasted to steer market expansion, with companies forging alliances and investing in product innovation to bolster their market presence. High-value engine oils and synthetic formulations are anticipated to witness increased demand owing to evolving standards and regulations. Aviation and marine segments, though smaller, are expected to grow robustly due to their high-profit margins.
The lubricant industry is experiencing a shift towards bio-based products, driven by environmental regulations and consumer awareness, particularly in North America. The rise of electric vehicles may impact aftermarket lubricant sales, prompting manufacturers to explore OEM components and services for new growth avenues. Consumer emphasis on vehicle performance and the introduction of premium products are fuelling lubricant consumption.
The North America oil and gas lubricants market is expected to witness revival, buoyed by growing interest in unconventional reserves and technological advancements enhancing well production rates. However, volatile crude oil prices pose a challenge, albeit offset by opportunities in offshore exploration and the shale revolution in North America, which has transformed the region's energy landscape through technological innovations in drilling and fracking.
North America's demand for lubricants is expected to surge, primarily driven by the automotive and industrial sectors, which collectively hold a substantial 90% market share. However, growth in the automotive sector may face constraints due to evolving emission regulations and the rise of electric vehicles. Nevertheless, aerospace and marine applications present lucrative opportunities, attracting leading manufacturers and presenting growth opportunities for the oil and gas lubricants market in North America.
Intense competition has spurred strategic asset divestments and investments in upstream operations. Premium lubricants are forecasted to steer market expansion, with companies forging alliances and investing in product innovation to bolster their market presence. High-value engine oils and synthetic formulations are anticipated to witness increased demand owing to evolving standards and regulations. Aviation and marine segments, though smaller, are expected to grow robustly due to their high-profit margins.
The lubricant industry is experiencing a shift towards bio-based products, driven by environmental regulations and consumer awareness, particularly in North America. The rise of electric vehicles may impact aftermarket lubricant sales, prompting manufacturers to explore OEM components and services for new growth avenues. Consumer emphasis on vehicle performance and the introduction of premium products are fuelling lubricant consumption.
The North America oil and gas lubricants market is expected to witness revival, buoyed by growing interest in unconventional reserves and technological advancements enhancing well production rates. However, volatile crude oil prices pose a challenge, albeit offset by opportunities in offshore exploration and the shale revolution in North America, which has transformed the region's energy landscape through technological innovations in drilling and fracking.
Market Segmentation
North America Oil and Gas Lubricants Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Product Type:
- Coolant/Anti-Freezer
- Engine Oils
- Grease
- Hydraulic Fluids
- Others
Market Breakup by Location:
- Onshore
- Offshore
Market Breakup by Sector:
- Upstream
- Midstream
- Downstream
Market Breakup by Region:
- United States of America
- Canada
Competitive Landscape
The automotive, industrial, aerospace, and marine sectors are expected to continue expanding, which will lead to more competition in the upcoming years.- HF Sinclair Corp. (Petro‐Canada Lubricants LLC)
- Kluber Lubrication Munchen GmbH & Co. KG
- Lubrication Engineers, Inc.
- Exxon Mobil Corporation
- Schlumberger N.V.
- TotalEnergies SE
- BP Plc (Castrol)
- Valvoline Inc.
- Shell Plc
- 3M Co
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Oil and Gas Lubricants Market Overview
6 North America Oil and Gas Lubricants Market Overview
7 North America Oil and Gas Lubricants Market by Product Type
8 North America Oil and Gas Lubricants Market by Location
9 North America Oil and Gas Lubricants Market by Sector
10 North America Oil and Gas Lubricants Market by Country
11 Market Dynamics
13 Competitive Landscape
Companies Mentioned
- BP Plc (Castrol)
- Shell Plc
- TotalEnergies SE
- Exxon Mobil Corporation
- 3M Co.
- Lubrication Engineers, Inc.
- Kluber Lubrication Munchen GmbH & Co. KG
- HF Sinclair Corp. (Petro?Canada Lubricants LLC)
- Schlumberger N.V.
- Valvoline Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 116 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 33.2 Billion |
| Forecasted Market Value ( USD | $ 39.68 Billion |
| Compound Annual Growth Rate | 1.8% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
