Market revenue in 2022 | USD 12,161.8 million |
Market revenue in 2030 | USD 15,497.0 million |
Growth rate | 3.1% (CAGR from 2022 to 2030) |
Largest segment | Engine oil |
Fastest growing segment | Brake Fluids |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Greases, Engine oil, Gear oil, Transmission Fluids, Brake Fluids, Coolants |
Key market players worldwide | Exxon Mobil Corp, BP Castrol KK, Shell PLC, Repsol SA, Sasol, Cepsa, Fuchs SE Registered Shares, LUKOIL, Indian Oil Corporation, Hindustan Petroleum Corporation Limited, Phillips 66 |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lubricants market will help companies and investors design strategic landscapes.
Engine oil was the largest segment with a revenue share of 52.01% in 2022. Horizon Databook has segmented the North America automotive lubricants market based on greases, engine oil, gear oil, transmission fluids, brake fluids, coolants covering the revenue growth of each sub-segment from 2018 to 2030.
Stringent EPA and REACH regulations in the U.S. and most parts of Europe have prompted manufacturers to shift their focus towards developing bio-based lubricants. Increasing penetration of bio-based lubricants is expected to remain a major threat to mineral lubricants market growth in these regions. North American demand is mainly driven by the rapid industrialization taking place in Mexico. Mexico has emerged a major automobile manufacturing hub since the last decade.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America automotive lubricants market , including forecasts for subscribers. This continent databook contains high-level insights into North America automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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