US Automotive Lubricants Market Size, Trends and Insights By Product Type (Engine Oils, Transmission Fluids, Brake Fluids, Gear Oils, Greases, Others), By Base Oil (Mineral Oil Lubricants, Synthetic Lubricants, Semi-synthetic Lubricants, Others), By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Off-road Vehicles, Others), By Distribution Channel (OEMs (Original Equipment Manufacturers), Aftermarket), By End-use Industry (Automotive, Industrial, Marine, Others), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | USA |
| Largest Market: | USA |
Major Players
- Exxon Mobil Corporation
- Royal Dutch Shell plc
- Chevron Corporation
- BP plc
- TotalEnergies
- Others
Reports Description
As per the current market research conducted by the CMI Team, the US Automotive Lubricants Market is expected to record a CAGR of 2.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 25,887.2 Million. By 2033, the valuation is anticipated to reach USD 33,191.2 Million.
The US automotive lubricants market encompasses a dynamic sector dedicated to producing and distributing oils and fluids essential for the efficient operation and maintenance of vehicles. It includes a diverse range of products such as engine oils, transmission fluids, and greases tailored to meet specific performance requirements of passenger cars, commercial vehicles, and off-road equipment.
Key players like Exxon Mobil, Shell, and Chevron dominate the market with advanced formulations that enhance engine efficiency, reduce emissions, and extend component life. Technological advancements, regulatory compliance, and consumer demand for sustainable, high-performance lubrication solutions drive the market.
US Automotive Lubricants Market – Significant Growth Factors
The US Automotive Lubricants Market presents significant growth opportunities due to several factors:
- Vehicle Fleet Expansion: The growth in the number of vehicles on US roads, including passenger cars and commercial vehicles, drives continuous demand for automotive lubricants for regular maintenance and optimal performance.
- Technological Advancements: Continuous innovation in lubricant formulations, including synthetic and high-performance oils, to meet evolving engine designs and stringent environmental regulations enhances market growth.
- Increasing Vehicle Longevity: Consumers and fleet operators prioritize vehicle longevity through preventive maintenance, which increases the demand for quality lubricants that protect and extend engine life.
- Growing Automotive Aftermarket: The expansion of the automotive aftermarket sector, including independent repair shops and retail stores, supports the demand for lubricants as consumers seek reliable vehicle maintenance and repair products.
- Shift towards Electric Vehicles (EVs): The rising adoption of electric vehicles presents an opportunity for lubricant manufacturers to develop specialized products for EV components like bearings and gears, as well as fluids for cooling and lubrication systems.
- Focus on Sustainable and Bio-based Lubricants: Increasing environmental awareness and regulations drive demand for sustainable lubricants derived from bio-based sources. Manufacturers can capitalize on this trend by innovating eco-friendly lubricants that offer performance benefits while reducing environmental impact.
US Automotive Lubricants Market – Mergers and Acquisitions
The US Automotive Lubricants Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the US Automotive Lubricants Market include:
- In 2022, ExxonMobil Corporation was restructured into three business lines: ExxonMobil Upstream Company, ExxonMobil Product Solutions, and ExxonMobil Low Carbon Solutions. This organizational change aims to streamline operations and focus on upstream exploration, product innovation, and low-carbon technologies.
- In 2021, Nissan Motors India and ExxonMobil partnered to supply lubricants for the passenger car aftermarket. ExxonMobil will expand its lubricant portfolio to include engine oils tailored for BS3, BS4, and BS6 models, catering to diverse requirements from original equipment manufacturers (OEMs).
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the US Automotive Lubricants Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| US Automotive Lubricants Market | US Automotive Market | US Automotive Air Filter Market |
| CAGR 2.8% (Approx) | CAGR 10.6% (Approx) | CAGR 1.8% (Approx) |
| USD 33,191.2 Million by 2033 | USD 13.8 Billion by 2033 | USD 2,588.3 Million by 2033 |
US Automotive Lubricants Market – Significant Threats
The US Automotive Lubricants Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Shift towards Electric Vehicles (EVs): The increasing adoption of electric vehicles reduces the demand for traditional automotive lubricants, as EVs have fewer mechanical components requiring lubrication.
- Stringent Environmental Regulations: Evolving environmental regulations aimed at reducing emissions and promoting sustainability may impose restrictions on the types of lubricants used, impacting market dynamics and product formulations.
- Competition from Alternative Lubricants: Competition from alternative lubricants, such as bio-based and synthetic oils, poses a threat to traditional mineral oil-based lubricants, as consumers and businesses seek more environmentally friendly and efficient options.
- Economic Downturns: Economic recessions or downturns can lead to reduced consumer spending on vehicle maintenance and aftermarket products, including lubricants, affecting overall market demand.
- Technological Disruptions: Rapid advancements in vehicle technology, including improved engine designs and materials, may reduce the frequency of oil changes and alter lubricant specifications, challenging market norms and traditional product offerings.
Category-Wise Insights:
By Product Type
- Engine Oils: Engine oils lubricate internal combustion engines, reducing friction and wear. Trends include a shift towards synthetic and high-performance formulations to meet stringent emissions standards and improve fuel efficiency.
- Transmission Fluids: Transmission fluids lubricate and cool transmission components, enhancing shifting performance. Trends focus on developing fluids with improved temperature stability and friction reduction for smoother operation.
- Brake Fluids: Brake fluids transmit force from the brake pedal to the brakes, resisting heat and maintaining hydraulic pressure. Trends involve formulations that meet higher temperature requirements and compatibility with advanced braking systems.
- Gear Oils: Gear oils lubricate gears and bearings in transmissions, axles, and differentials, reducing wear and noise. Trends include advancements in additives for better protection under extreme pressures and improved efficiency.
- Greases: Greases are semi-solid lubricants used in bearings and joints, protecting against friction and corrosion. Trends emphasize formulations with extended service intervals and improved performance under varying temperatures and loads.
- Others: This category includes specialized lubricants for specific automotive components such as cooling system fluids, hydraulic fluids, and specialty lubricants for steering systems. Trends focus on developing tailored solutions for new automotive technologies and environmental regulations.
By Base Oil
- Mineral Oil Lubricants: Mineral oil lubricants are derived from crude oil refining processes. They are cost-effective and widely used in conventional engine oils due to their good lubrication properties. However, the trend is shifting towards higher-quality synthetic and bio-based alternatives as environmental regulations tighten and vehicle performance standards increase.
- Synthetic Lubricants: Synthetic lubricants are manufactured from chemically modified petroleum components or entirely synthetic bases like polyalphaolefins (PAOs). They offer superior performance in extreme temperatures, longer intervals between oil changes, and better protection against wear and corrosion. Growing demand for high-performance vehicles and environmental concerns are driving the adoption of synthetic lubricants in the US market.
- Semi-synthetic Lubricants: Semi-synthetic lubricants blend mineral oils with synthetic base stocks to achieve a balance of performance and cost-effectiveness. They offer improved viscosity properties and oxidation stability compared to mineral oils alone. As vehicle manufacturers require oils that meet stringent performance standards, semi-synthetic lubricants remain popular for their versatility and affordability in the automotive sector.
- Others: Other base oils in the US automotive lubricants market include bio-based lubricants derived from renewable sources like plant oils and esters. These oils are gaining traction due to their biodegradability and lower environmental impact. Additionally, specialty base oils like polyalkylene glycols (PAGs) are used in specific applications requiring extreme pressure and temperature resistance, catering to niche segments within the automotive industry.
By Vehicle Type
- Passenger Vehicles: Lubricants for passenger vehicles include engine oils, transmission fluids, and greases designed to optimize performance, fuel efficiency, and engine longevity. Trends include a shift towards synthetic oils for better protection and extended oil change intervals, driven by consumer demand for convenience and improved engine technology.
- Commercial Vehicles: These vehicles require robust lubricants to withstand heavy-duty operations. Trends focus on high-performance oils that offer durability, efficiency, and compliance with emissions standards. Manufacturers are developing specialized lubricants for diesel engines and transmissions to enhance reliability and reduce maintenance costs.
- Off-road Vehicles: Off-road vehicles demand lubricants capable of handling extreme conditions like dust, mud, and temperature variations. Trends include the development of synthetic and semi-synthetic oils with enhanced viscosity and heat resistance to protect critical components during intense off-road use.
- Others: This category encompasses specialized vehicles such as agricultural machinery, construction equipment, and recreational vehicles. Lubricants for these vehicles are tailored for specific applications, such as hydraulic fluids for excavators or gear oils for tractors. Trends include advancements in bio-based lubricants and fluids that offer environmental benefits without compromising performance or equipment longevity.
By Distribution Channel
- OEMs (Original Equipment Manufacturers): OEMs in the US automotive lubricants market supply lubricants directly to vehicle assembly lines for new vehicles. They ensure that lubricants meet specific performance and warranty requirements set by automakers. Trends include OEMs increasingly offering extended oil change intervals and promoting synthetic oils to enhance engine efficiency and longevity, aligning with consumer demand for higher quality and longer-lasting lubrication solutions.
- Aftermarket: The aftermarket segment involves retail channels, including auto parts stores, independent service centers, and e-commerce platforms, where consumers purchase lubricants for vehicle maintenance and repairs. Trends in the aftermarket focus on convenience and accessibility through online sales platforms and mobile applications, along with a growing preference for eco-friendly and performance-enhancing lubricants. This segment also caters to customization and personalization needs, offering a wide range of lubricant options to meet diverse consumer preferences and vehicle requirements.
By End-use Industry
- Automotive: Automotive lubricants in the US are specially formulated oils and fluids designed to ensure optimal performance and longevity of engines and drivetrain components in passenger cars, trucks, and commercial vehicles. Trends include a shift towards synthetic oils for enhanced efficiency and extended drain intervals, driven by advancements in engine technology and stringent environmental regulations.
- Industrial: Industrial lubricants are utilized in machinery and equipment across manufacturing, construction, and various industrial sectors to minimize friction, wear, and heat. Trends in the US market focus on high-performance synthetic and bio-based lubricants to improve equipment reliability, reduce maintenance costs, and meet regulatory requirements for safety and environmental sustainability.
- Marine: Marine lubricants are essential for marine engines, gear systems, and auxiliary equipment used in shipping, boating, and offshore operations. In the US, trends emphasize lubricants with enhanced water resistance, corrosion protection, and performance in marine environments. The market is influenced by growth in global maritime trade and the adoption of eco-friendly lubricants to comply with stringent marine environmental regulations.
- Others: This category includes specialized lubricants used in sectors such as aviation, agriculture, and mining, where equipment operates under extreme conditions. Trends highlight the development of lubricants tailored to specific applications, including high-temperature resistance, extreme pressure protection, and compatibility with diverse materials. The US market sees advancements in lubricant technology to meet the unique demands of these industries while promoting efficiency and sustainability.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 25,887.2 Million |
| Projected Market Size in 2033 | USD 33,191.2 Million |
| Market Size in 2023 | USD 25,182.1 Million |
| CAGR Growth Rate | 2.8% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Base Oil, Vehicle Type, Distribution Channel, End-use Industry and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Country Scope | US |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Competitive Landscape – US Automotive Lubricants Market
The US Automotive Lubricants Market is highly competitive, with a large number of manufacturers and retailers operating in the US. Some of the key players in the market include:
- Exxon Mobil Corporation
- Royal Dutch Shell plc
- Chevron Corporation
- BP plc
- TotalEnergies
- Valvoline Inc.
- Fuchs Petrolub SE
- Idemitsu Kosan Co. Ltd.
- Petro-Canada Lubricants Inc.
- Petroliam Nasional Berhad (PETRONAS)
- JXTG Nippon Oil & Energy Corporation
- AMSOIL Inc.
- Castrol (BP Castrol)
- Quaker Chemical Corporation
- The Lubrizol Corporation
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
New players entering the automotive lubricants market with innovative approaches include companies like AMSOIL and Liqui Moly, known for their focus on synthetic formulations and high-performance additives. These companies leverage advanced research and development to introduce products that cater to modern engine technologies and stringent environmental standards, appealing to performance-oriented consumers.
Key players dominating the US market include ExxonMobil, Shell, Chevron, and Valvoline. They maintain leadership through extensive distribution networks, brand reputation, and continuous product innovation. These companies invest in cutting-edge technologies to develop lubricants that optimize engine performance, enhance fuel efficiency, and ensure regulatory compliance, thereby solidifying their market dominance.
The US Automotive Lubricants Market is segmented as follows:
By Product Type
- Engine Oils
- Transmission Fluids
- Brake Fluids
- Gear Oils
- Greases
- Others
By Base Oil
- Mineral Oil Lubricants
- Synthetic Lubricants
- Semi-synthetic Lubricants
- Others
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Off-road Vehicles
- Others
By Distribution Channel
- OEMs (Original Equipment Manufacturers)
- Aftermarket
By End-use Industry
- Automotive
- Industrial
- Marine
- Others
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 US Automotive Lubricants Market, (2024 – 2033) (USD Million)
- 2.2 US Automotive Lubricants Market: snapshot
- Chapter 3. US Automotive Lubricants Market – Industry Analysis
- 3.1 US Automotive Lubricants Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Vehicle Fleet Expansion
- 3.2.2 Technological Advancements
- 3.2.3 Increasing Vehicle Longevity
- 3.2.4 Growing Automotive Aftermarket
- 3.2.5 Shift towards Electric Vehicles (EVs)
- 3.2.6 Focus on Sustainable and Bio-based Lubricants.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Base Oil
- 3.7.3 Market Attractiveness Analysis By Vehicle Type
- 3.7.4 Market Attractiveness Analysis By Distribution Channel
- 3.7.5 Market Attractiveness Analysis By End-use Industry
- Chapter 4. US Automotive Lubricants Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 US Automotive Lubricants Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. US Automotive Lubricants Market – Product Type Analysis
- 5.1 US Automotive Lubricants Market Overview: By Product Type
- 5.1.1 US Automotive Lubricants Market Share, By Product Type, 2023 and 2033
- 5.2 Engine Oils
- 5.2.1 US Automotive Lubricants Market by Engine Oils, 2024 – 2033 (USD Million)
- 5.3 Transmission Fluids
- 5.3.1 US Automotive Lubricants Market by Transmission Fluids, 2024 – 2033 (USD Million)
- 5.4 Brake Fluids
- 5.4.1 US Automotive Lubricants Market by Brake Fluids, 2024 – 2033 (USD Million)
- 5.5 Gear Oils
- 5.5.1 US Automotive Lubricants Market by Gear Oils, 2024 – 2033 (USD Million)
- 5.6 Greases
- 5.6.1 US Automotive Lubricants Market by Greases, 2024 – 2033 (USD Million)
- 5.7 Others
- 5.7.1 US Automotive Lubricants Market by Others, 2024 – 2033 (USD Million)
- 5.1 US Automotive Lubricants Market Overview: By Product Type
- Chapter 6. US Automotive Lubricants Market – Base Oil Analysis
- 6.1 US Automotive Lubricants Market Overview: By Base Oil
- 6.1.1 US Automotive Lubricants Market Share, By Base Oil, 2023 and 2033
- 6.2 Mineral Oil Lubricants
- 6.2.1 US Automotive Lubricants Market by Mineral Oil Lubricants, 2024 – 2033 (USD Million)
- 6.3 Synthetic Lubricants
- 6.3.1 US Automotive Lubricants Market by Synthetic Lubricants, 2024 – 2033 (USD Million)
- 6.4 Semi-synthetic Lubricants
- 6.4.1 US Automotive Lubricants Market by Semi-synthetic Lubricants, 2024 – 2033 (USD Million)
- 6.5 Others
- 6.5.1 US Automotive Lubricants Market by Others, 2024 – 2033 (USD Million)
- 6.1 US Automotive Lubricants Market Overview: By Base Oil
- Chapter 7. US Automotive Lubricants Market – Vehicle Type Analysis
- 7.1 US Automotive Lubricants Market Overview: By Vehicle Type
- 7.1.1 US Automotive Lubricants Market Share, By Vehicle Type, 2023 and 2033
- 7.2 Passenger Vehicles
- 7.2.1 US Automotive Lubricants Market by Passenger Vehicles, 2024 – 2033 (USD Million)
- 7.3 Commercial Vehicles
- 7.3.1 US Automotive Lubricants Market by Commercial Vehicles, 2024 – 2033 (USD Million)
- 7.4 Off-road Vehicles
- 7.4.1 US Automotive Lubricants Market by Off-road Vehicles, 2024 – 2033 (USD Million)
- 7.5 Others
- 7.5.1 US Automotive Lubricants Market by Others, 2024 – 2033 (USD Million)
- 7.1 US Automotive Lubricants Market Overview: By Vehicle Type
- Chapter 8. US Automotive Lubricants Market – Distribution Channel Analysis
- 8.1 US Automotive Lubricants Market Overview: By Distribution Channel
- 8.1.1 US Automotive Lubricants Market Share, By Distribution Channel, 2023 and 2033
- 8.2 OEMs (Original Equipment Manufacturers)
- 8.2.1 US Automotive Lubricants Market by OEMs (Original Equipment Manufacturers), 2024 – 2033 (USD Million)
- 8.3 Aftermarket
- 8.3.1 US Automotive Lubricants Market by Aftermarket, 2024 – 2033 (USD Million)
- 8.1 US Automotive Lubricants Market Overview: By Distribution Channel
- Chapter 9. US Automotive Lubricants Market – End-use Industry Analysis
- 9.1 US Automotive Lubricants Market Overview: By End-use Industry
- 9.1.1 US Automotive Lubricants Market Share, By End-use Industry, 2023 and 2033
- 9.2 Automotive
- 9.2.1 US Automotive Lubricants Market by Automotive, 2024 – 2033 (USD Million)
- 9.3 Industrial
- 9.3.1 US Automotive Lubricants Market by Industrial, 2024 – 2033 (USD Million)
- 9.4 Marine
- 9.4.1 US Automotive Lubricants Market by Marine, 2024 – 2033 (USD Million)
- 9.5 Others
- 9.5.1 US Automotive Lubricants Market by Others, 2024 – 2033 (USD Million)
- 9.1 US Automotive Lubricants Market Overview: By End-use Industry
- Chapter 10. US Automotive Lubricant’s Market – Regional Analysis
- 10.1 US Automotive Lubricant’s Market Regional Overview
- 10.2 US Automotive Lubricant’s Market Share, by Region, 2023 & 2033 (USD Million)
- 10.3. North America
- 10.3.1 North America US Automotive Lubricant’s Market, 2024 – 2033 (USD Million)
- 10.3.1.1 North America US Automotive Lubricant’s Market, by Country, 2024 – 2033 (USD Million)
- 10.3.1 North America US Automotive Lubricant’s Market, 2024 – 2033 (USD Million)
- 10.4 North America US Automotive Lubricant’s Market, by Product Type, 2024 – 2033
- 10.4.1 North America US Automotive Lubricant’s Market, by Product Type, 2024 – 2033 (USD Million)
- 10.5 North America US Automotive Lubricant’s Market, by Base Oil, 2024 – 2033
- 10.5.1 North America US Automotive Lubricant’s Market, by Base Oil, 2024 – 2033 (USD Million)
- 10.6 North America US Automotive Lubricant’s Market, by Vehicle Type, 2024 – 2033
- 10.6.1 North America US Automotive Lubricant’s Market, by Vehicle Type, 2024 – 2033 (USD Million)
- 10.7 North America US Automotive Lubricant’s Market, by Distribution Channel, 2024 – 2033
- 10.7.1 North America US Automotive Lubricant’s Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 10.8 North America US Automotive Lubricant’s Market, by End-use Industry, 2024 – 2033
- 10.8.1 North America US Automotive Lubricant’s Market, by End-use Industry, 2024 – 2033 (USD Million)
- 10.9. Europe
- 10.9.1 Europe US Automotive Lubricant’s Market, 2024 – 2033 (USD Million)
- 10.9.1.1 Europe US Automotive Lubricant’s Market, by Country, 2024 – 2033 (USD Million)
- 10.9.1 Europe US Automotive Lubricant’s Market, 2024 – 2033 (USD Million)
- 10.10 Europe US Automotive Lubricant’s Market, by Product Type, 2024 – 2033
- 10.10.1 Europe US Automotive Lubricant’s Market, by Product Type, 2024 – 2033 (USD Million)
- 10.11 Europe US Automotive Lubricant’s Market, by Base Oil, 2024 – 2033
- 10.11.1 Europe US Automotive Lubricant’s Market, by Base Oil, 2024 – 2033 (USD Million)
- 10.12 Europe US Automotive Lubricant’s Market, by Vehicle Type, 2024 – 2033
- 10.12.1 Europe US Automotive Lubricant’s Market, by Vehicle Type, 2024 – 2033 (USD Million)
- 10.13 Europe US Automotive Lubricant’s Market, by Distribution Channel, 2024 – 2033
- 10.13.1 Europe US Automotive Lubricant’s Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 10.14 Europe US Automotive Lubricant’s Market, by End-use Industry, 2024 – 2033
- 10.14.1 Europe US Automotive Lubricant’s Market, by End-use Industry, 2024 – 2033 (USD Million)
- 10.15. Asia Pacific
- 10.15.1 Asia Pacific US Automotive Lubricant’s Market, 2024 – 2033 (USD Million)
- 10.15.1.1 Asia Pacific US Automotive Lubricant’s Market, by Country, 2024 – 2033 (USD Million)
- 10.15.1 Asia Pacific US Automotive Lubricant’s Market, 2024 – 2033 (USD Million)
- 10.16 Asia Pacific US Automotive Lubricant’s Market, by Product Type, 2024 – 2033
- 10.16.1 Asia Pacific US Automotive Lubricant’s Market, by Product Type, 2024 – 2033 (USD Million)
- 10.17 Asia Pacific US Automotive Lubricant’s Market, by Base Oil, 2024 – 2033
- 10.17.1 Asia Pacific US Automotive Lubricant’s Market, by Base Oil, 2024 – 2033 (USD Million)
- 10.18 Asia Pacific US Automotive Lubricant’s Market, by Vehicle Type, 2024 – 2033
- 10.18.1 Asia Pacific US Automotive Lubricant’s Market, by Vehicle Type, 2024 – 2033 (USD Million)
- 10.19 Asia Pacific US Automotive Lubricant’s Market, by Distribution Channel, 2024 – 2033
- 10.19.1 Asia Pacific US Automotive Lubricant’s Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 10.20 Asia Pacific US Automotive Lubricant’s Market, by End-use Industry, 2024 – 2033
- 10.20.1 Asia Pacific US Automotive Lubricant’s Market, by End-use Industry, 2024 – 2033 (USD Million)
- 10.21. Latin America
- 10.21.1 Latin America US Automotive Lubricant’s Market, 2024 – 2033 (USD Million)
- 10.21.1.1 Latin America US Automotive Lubricant’s Market, by Country, 2024 – 2033 (USD Million)
- 10.21.1 Latin America US Automotive Lubricant’s Market, 2024 – 2033 (USD Million)
- 10.22 Latin America US Automotive Lubricant’s Market, by Product Type, 2024 – 2033
- 10.22.1 Latin America US Automotive Lubricant’s Market, by Product Type, 2024 – 2033 (USD Million)
- 10.23 Latin America US Automotive Lubricant’s Market, by Base Oil, 2024 – 2033
- 10.23.1 Latin America US Automotive Lubricant’s Market, by Base Oil, 2024 – 2033 (USD Million)
- 10.24 Latin America US Automotive Lubricant’s Market, by Vehicle Type, 2024 – 2033
- 10.24.1 Latin America US Automotive Lubricant’s Market, by Vehicle Type, 2024 – 2033 (USD Million)
- 10.25 Latin America US Automotive Lubricant’s Market, by Distribution Channel, 2024 – 2033
- 10.25.1 Latin America US Automotive Lubricant’s Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 10.26 Latin America US Automotive Lubricant’s Market, by End-use Industry, 2024 – 2033
- 10.26.1 Latin America US Automotive Lubricant’s Market, by End-use Industry, 2024 – 2033 (USD Million)
- 10.27. The Middle-East and Africa
- 10.27.1 The Middle-East and Africa US Automotive Lubricant’s Market, 2024 – 2033 (USD Million)
- 10.27.1.1 The Middle-East and Africa US Automotive Lubricant’s Market, by Country, 2024 – 2033 (USD Million)
- 10.27.1 The Middle-East and Africa US Automotive Lubricant’s Market, 2024 – 2033 (USD Million)
- 10.28 The Middle-East and Africa US Automotive Lubricant’s Market, by Product Type, 2024 – 2033
- 10.28.1 The Middle-East and Africa US Automotive Lubricant’s Market, by Product Type, 2024 – 2033 (USD Million)
- 10.29 The Middle-East and Africa US Automotive Lubricant’s Market, by Base Oil, 2024 – 2033
- 10.29.1 The Middle-East and Africa US Automotive Lubricant’s Market, by Base Oil, 2024 – 2033 (USD Million)
- 10.30 The Middle-East and Africa US Automotive Lubricant’s Market, by Vehicle Type, 2024 – 2033
- 10.30.1 The Middle-East and Africa US Automotive Lubricant’s Market, by Vehicle Type, 2024 – 2033 (USD Million)
- 10.31 The Middle-East and Africa US Automotive Lubricant’s Market, by Distribution Channel, 2024 – 2033
- 10.31.1 The Middle-East and Africa US Automotive Lubricant’s Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 10.32 The Middle-East and Africa US Automotive Lubricant’s Market, by End-use Industry, 2024 – 2033
- 10.32.1 The Middle-East and Africa US Automotive Lubricant’s Market, by End-use Industry, 2024 – 2033 (USD Million)
- Chapter 11. Company Profiles
- 11.1 Exxon Mobil Corporation
- 11.1.1 Overview
- 11.1.2 Financials
- 11.1.3 Product Portfolio
- 11.1.4 Business Strategy
- 11.1.5 Recent Developments
- 11.2 Royal Dutch Shell plc
- 11.2.1 Overview
- 11.2.2 Financials
- 11.2.3 Product Portfolio
- 11.2.4 Business Strategy
- 11.2.5 Recent Developments
- 11.3 Chevron Corporation
- 11.3.1 Overview
- 11.3.2 Financials
- 11.3.3 Product Portfolio
- 11.3.4 Business Strategy
- 11.3.5 Recent Developments
- 11.4 BP plc
- 11.4.1 Overview
- 11.4.2 Financials
- 11.4.3 Product Portfolio
- 11.4.4 Business Strategy
- 11.4.5 Recent Developments
- 11.5 TotalEnergies
- 11.5.1 Overview
- 11.5.2 Financials
- 11.5.3 Product Portfolio
- 11.5.4 Business Strategy
- 11.5.5 Recent Developments
- 11.6 Valvoline Inc.
- 11.6.1 Overview
- 11.6.2 Financials
- 11.6.3 Product Portfolio
- 11.6.4 Business Strategy
- 11.6.5 Recent Developments
- 11.7 Fuchs Petrolub SE
- 11.7.1 Overview
- 11.7.2 Financials
- 11.7.3 Product Portfolio
- 11.7.4 Business Strategy
- 11.7.5 Recent Developments
- 11.8 Idemitsu Kosan Co. Ltd.
- 11.8.1 Overview
- 11.8.2 Financials
- 11.8.3 Product Portfolio
- 11.8.4 Business Strategy
- 11.8.5 Recent Developments
- 11.9 Petro-Canada Lubricants Inc.
- 11.9.1 Overview
- 11.9.2 Financials
- 11.9.3 Product Portfolio
- 11.9.4 Business Strategy
- 11.9.5 Recent Developments
- 11.10 Petroliam Nasional Berhad (PETRONAS)
- 11.10.1 Overview
- 11.10.2 Financials
- 11.10.3 Product Portfolio
- 11.10.4 Business Strategy
- 11.10.5 Recent Developments
- 11.11 JXTG Nippon Oil & Energy Corporation
- 11.11.1 Overview
- 11.11.2 Financials
- 11.11.3 Product Portfolio
- 11.11.4 Business Strategy
- 11.11.5 Recent Developments
- 11.12 AMSOIL Inc.
- 11.12.1 Overview
- 11.12.2 Financials
- 11.12.3 Product Portfolio
- 11.12.4 Business Strategy
- 11.12.5 Recent Developments
- 11.13 Castrol (BP Castrol)
- 11.13.1 Overview
- 11.13.2 Financials
- 11.13.3 Product Portfolio
- 11.13.4 Business Strategy
- 11.13.5 Recent Developments
- 11.14 Quaker Chemical Corporation
- 11.14.1 Overview
- 11.14.2 Financials
- 11.14.3 Product Portfolio
- 11.14.4 Business Strategy
- 11.14.5 Recent Developments
- 11.15 The Lubrizol Corporation
- 11.15.1 Overview
- 11.15.2 Financials
- 11.15.3 Product Portfolio
- 11.15.4 Business Strategy
- 11.15.5 Recent Developments
- 11.16 Others.
- 11.16.1 Overview
- 11.16.2 Financials
- 11.16.3 Product Portfolio
- 11.16.4 Business Strategy
- 11.16.5 Recent Developments
- 11.1 Exxon Mobil Corporation
List Of Figures
Figures No 1 to 40
List Of Tables
Tables No 1 to 2
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Exxon Mobil Corporation
- Royal Dutch Shell plc
- Chevron Corporation
- BP plc
- TotalEnergies
- Valvoline Inc.
- Fuchs Petrolub SE
- Idemitsu Kosan Co. Ltd.
- Petro-Canada Lubricants Inc.
- Petroliam Nasional Berhad (PETRONAS)
- JXTG Nippon Oil & Energy Corporation
- AMSOIL Inc.
- Castrol (BP Castrol)
- Quaker Chemical Corporation
- The Lubrizol Corporation
- Others
FAQs
The key factors driving the Market are Vehicle Fleet Expansion, Technological Advancements, Increasing Vehicle Longevity, Growing Automotive Aftermarket, Shift towards Electric Vehicles (EVs), Focus on Sustainable and Bio-based Lubricants.
The “Engine Oils” category dominated the market in 2023.
The key players in the market are Exxon Mobil Corporation, Royal Dutch Shell plc, Chevron Corporation, BP plc, TotalEnergies, Valvoline Inc., Fuchs Petrolub SE, Idemitsu Kosan Co. Ltd., Petro-Canada Lubricants Inc., Petroliam Nasional Berhad (PETRONAS), JXTG Nippon Oil & Energy Corporation, AMSOIL Inc., Castrol (BP Castrol), Quaker Chemical Corporation, The Lubrizol Corporation, Others.
The market is projected to grow at a CAGR of 2.8% during the forecast period, 2024-2033.
The US Automotive Lubricants Market size was valued at USD 25,887.2 Million in 2024.