U.S. Industrial Lubricants Market To Reach $9.74 Billion By 2030

U.S. Industrial Lubricants Market Growth & Trends

The U.S. industrial lubricants market size is expected to reach USD 9.74 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.2% from 2024 to 2030. Increasing initiatives by the U.S. government to promote the manufacturing sector along with the rising number of trade activities across the region have been major factors driving the market growth. 

Lubricating oils have diverse applications in the chemical manufacturing sector followed by the textile industry in the U.S. Heat exchangers have a very broad range of industrial applications in the region. These are being utilized increasingly within production plants as well as factories to keep water, gas, machinery, and chemicals other substances within a safe operating temperature.

With the rise in the construction industry in the U.S., metal joining fluids are being increasingly used in the region across diverse commercial applications. Metal joining consists of specialized processes such as honeycomb brazing and vacuum, complex operations that require a unison between expertise and technology. These factors shall expand the scope of lubricant usage in production processes across the U.S.

Industrial engine oils are designed to offset the rising fuel and operating costs. They exhibit a lesser coefficient of friction, which helps in saving fuel, while at the same time, keeps the engine clean for optimal efficiency of combustion. Specifically, the oils help in keeping the ports, piston, crankcase, and filters clean for a long duration. Industrial engine oils are widely used to prevent wear & tear, corrosion, and reduce friction in engines.

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U.S. Industrial Lubricants Market Report Highlights

• The U.S. industrial lubricants market size was valued at USD 7.82 billion in 2023 and is projected to grow at a CAGR of 3.2% from 2024 to 2030

• The process oils segment dominated the market with the largest revenue share of 34.1% in 2023

• The U.S. has witnessed the rapid emergence of high-performance lubricants formulated from liquefied natural gas base stock in recent years, which has been significantly driven by an upsurge in the shale gas economies

• Rising consumer preference for high-quality fabrics as a result of increasing awareness of transitioning fashion trends and a rise in disposable income has fostered lubricants demand in textiles

• Technological developments and intense efforts to increase production capacities by several manufacturers are also expected to boost growth

U.S. Industrial Lubricants Market Segmentation

Grand View Research has segmented the U.S. industrial lubricants market report based on product and application

U.S. Industrial Lubricants Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Process oils

• General industrial oils

• Metalworking fluids

• Industrial engine oils

• Greases

• Others

U.S. Industrial Lubricants  Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Metalworking

  • Metal forming

  • Metal cutting

  • Metal joining

  • Electronics

  • Industrial heat exchangers

  • Others

• Textiles

  • Textile weaving

  • Non-woven textiles

  • Textile finishing

  • Composites

  • Others

• Energy

  • Transformer oil

  • Pipelines

  • Liquefied natural gas

  • Ocean energy

  • Others

• Chemical manufacturing

  • Industrial gases

  • Fertilizers

  • Polymers

  • Others

• Food processing

  • Beverages

  • Frozen food

  • Canned food

  • Processed potatoes

  • Bakery

  • Cocoa & chocolate

  • Others

• Hydraulic

  • Compressors

  • Bearings

  • Others

• Other industrial applications

List of Key Players of U.S. Industrial Lubricants Market

• Exxon Mobil Corporation

• FUCHS

• The Lubrizol Corporation

• Shell plc

• Phillips 66 Company

• Lucas Oil Products, Inc.

• AMSOIL INC.

• TotalEnergies

• Klüber Lubrication

• Valvoline

• Chevron Corporation

• Quaker Chemical Corporation d/b/a Quaker Houghton

• CASTROL LIMITED

• Petroliam Nasional Berhad (PETRONAS)