U.S. Lubricants Market Size & Outlook, 2023-2030
U.S. lubricants market, 2018-2030 (US$M)
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U.S. lubricants market highlights
- The U.S. lubricants market generated a revenue of USD 20,595.9 million in 2023 and is expected to reach USD 24,760.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
- In terms of segment, automotive was the largest revenue generating product in 2023.
- Aerospace is the most lucrative product segment registering the fastest growth during the forecast period.
Lubricants market data book summary
| Market revenue in 2023 | USD 20,595.9 million |
| Market revenue in 2030 | USD 24,760.4 million |
| Growth rate | 2.7% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Aerospace |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial, Automotive, Marine, Aerospace |
| Key market players worldwide | ExxonMobil, KLM Royal Dutch Airlines, BP PLC, TotalEnergies SE, Chevron Corp, Fuchs SE ADR (Representing Pref. Shares), AMSOIL, Philips, Valvoline Inc, PetroChina Co Ltd Class H, China Petrochemical Development, Idemitsu Kosan Co Ltd, LUKOIL, Petronas Chemicals Group Bhd, Petrofer Chemie H. R. Fischer, Zeller + Gmelin GmbH & Co KG, Blaser Swisslube |
Other key industry trends
- In terms of revenue, U.S. accounted for 14.8% of the global lubricants market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. lubricants market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 3,337.5 million by 2030.
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Lubricants Market Scope
Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. lubricants market outlook
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 lubricants market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 54.81% in 2023. Horizon Databook has segmented the U.S. lubricants market based on industrial, automotive, marine, aerospace covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of U.S. lubricants market databook
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Our clientele includes a mix of lubricants market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. lubricants market , including forecasts for subscribers. This country databook contains high-level insights into U.S. lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. lubricants market size, by product, 2018-2030 (US$M)
U.S. Lubricants Market Outlook Share, 2023 & 2030 (US$M)
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