U.S. Synthetic Lubricants Market Size & Outlook, 2022-2030
U.S. synthetic lubricants market, 2018-2030 (US$M)
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U.S. synthetic lubricants market highlights
- The U.S. synthetic lubricants market generated a revenue of USD 2,612.0 million in 2022 and is expected to reach USD 3,218.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2.6% from 2023 to 2030.
- In terms of segment, pao was the largest revenue generating product in 2022.
- PAO is the most lucrative product segment registering the fastest growth during the forecast period.
Synthetic lubricants market data book summary
| Market revenue in 2022 | USD 2,612.0 million |
| Market revenue in 2030 | USD 3,218.9 million |
| Growth rate | 2.6% (CAGR from 2022 to 2030) |
| Largest segment | Pao |
| Fastest growing segment | PAO |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PAO, Esters, PAG |
| Key market players worldwide | BP PLC, Chevron Corp, Lanxess AG, Valvoline Inc, Fuchs SE ADR (Representing Pref. Shares), Shell PLC, Phillips 66, Eni SpA |
Other key industry trends
- In terms of revenue, U.S. accounted for 14.9% of the global synthetic lubricants market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. synthetic 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 433.9 million by 2030.
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Synthetic Lubricants Market Scope
Synthetic Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. synthetic 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 synthetic lubricants market will help companies and investors design strategic landscapes.
Pao was the largest segment with a revenue share of 53.35% in 2022. Horizon Databook has segmented the U.S. synthetic lubricants market based on pao, esters, pag covering the revenue growth of each sub-segment from 2018 to 2030.
- U.S. Synthetic Lubricants Product Outlook (Revenue, USD million, 2018-2030)
- PAO
- Esters
- PAG
- U.S. Synthetic Lubricants Application Outlook (Revenue, USD million, 2018-2030)
- Engine Oil
- Heat Transfer Fluids (HTF)
- Transmission Fluids
- Metalworking Fluids
- Others
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Our clientele includes a mix of synthetic lubricants market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. synthetic lubricants market , including forecasts for subscribers. This country databook contains high-level insights into U.S. synthetic lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. synthetic lubricants market size, by product, 2018-2030 (US$M)
U.S. Synthetic Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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