North America Oil and Gas Lubricants Market Report and Forecast 2025-2034
Description
The North America oil and gas lubricants market size reached USD 33.20 Billion in 2024. The market is expected to grow at a CAGR of 1.80% between 2025 and 2034, reaching almost USD 39.68 Billion by 2034.
North America’s demand for lubricants is expected to surge, primarily driven by the automotive and industrial sectors, which collectively hold a substantial 90% market share. However, growth in the automotive sector may face constraints due to evolving emission regulations and the rise of electric vehicles. Nevertheless, aerospace and marine applications present lucrative opportunities, attracting leading manufacturers and presenting growth opportunities for the oil and gas lubricants market in North America.
Intense competition has spurred strategic asset divestments and investments in upstream operations. Premium lubricants are forecasted to steer market expansion, with companies forging alliances and investing in product innovation to bolster their market presence. High-value engine oils and synthetic formulations are anticipated to witness increased demand owing to evolving standards and regulations. Aviation and marine segments, though smaller, are expected to grow robustly due to their high-profit margins.
The lubricant industry is experiencing a shift towards bio-based products, driven by environmental regulations and consumer awareness, particularly in North America. The rise of electric vehicles may impact aftermarket lubricant sales, prompting manufacturers to explore OEM components and services for new growth avenues. Consumer emphasis on vehicle performance and the introduction of premium products are fuelling lubricant consumption.
The North America oil and gas lubricants market is expected to witness revival, buoyed by growing interest in unconventional reserves and technological advancements enhancing well production rates. However, volatile crude oil prices pose a challenge, albeit offset by opportunities in offshore exploration and the shale revolution in North America, which has transformed the region's energy landscape through technological innovations in drilling and fracking.
Market Segmentation
North America Oil and Gas Lubricants Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type:
Coolant/Anti-Freezer
Engine Oils
Grease
Hydraulic Fluids
Others
Market Breakup by Location:
Onshore
Offshore
Market Breakup by Sector:
Upstream
Midstream
Downstream
Market Breakup by Region:
United States of America
Canada
Competitive Landscape
The automotive, industrial, aerospace, and marine sectors are expected to continue expanding, which will lead to more competition in the upcoming years.
HF Sinclair Corp. (Petro‐Canada Lubricants LLC)
Kluber Lubrication Munchen GmbH & Co. KG
Lubrication Engineers, Inc.
Exxon Mobil Corporation
Schlumberger N.V.
TotalEnergies SE
BP Plc (Castrol)
Valvoline Inc.
Shell Plc
3M Co
Others
North America’s demand for lubricants is expected to surge, primarily driven by the automotive and industrial sectors, which collectively hold a substantial 90% market share. However, growth in the automotive sector may face constraints due to evolving emission regulations and the rise of electric vehicles. Nevertheless, aerospace and marine applications present lucrative opportunities, attracting leading manufacturers and presenting growth opportunities for the oil and gas lubricants market in North America.
Intense competition has spurred strategic asset divestments and investments in upstream operations. Premium lubricants are forecasted to steer market expansion, with companies forging alliances and investing in product innovation to bolster their market presence. High-value engine oils and synthetic formulations are anticipated to witness increased demand owing to evolving standards and regulations. Aviation and marine segments, though smaller, are expected to grow robustly due to their high-profit margins.
The lubricant industry is experiencing a shift towards bio-based products, driven by environmental regulations and consumer awareness, particularly in North America. The rise of electric vehicles may impact aftermarket lubricant sales, prompting manufacturers to explore OEM components and services for new growth avenues. Consumer emphasis on vehicle performance and the introduction of premium products are fuelling lubricant consumption.
The North America oil and gas lubricants market is expected to witness revival, buoyed by growing interest in unconventional reserves and technological advancements enhancing well production rates. However, volatile crude oil prices pose a challenge, albeit offset by opportunities in offshore exploration and the shale revolution in North America, which has transformed the region's energy landscape through technological innovations in drilling and fracking.
Market Segmentation
North America Oil and Gas Lubricants Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type:
Coolant/Anti-Freezer
Engine Oils
Grease
Hydraulic Fluids
Others
Market Breakup by Location:
Onshore
Offshore
Market Breakup by Sector:
Upstream
Midstream
Downstream
Market Breakup by Region:
United States of America
Canada
Competitive Landscape
The automotive, industrial, aerospace, and marine sectors are expected to continue expanding, which will lead to more competition in the upcoming years.
HF Sinclair Corp. (Petro‐Canada Lubricants LLC)
Kluber Lubrication Munchen GmbH & Co. KG
Lubrication Engineers, Inc.
Exxon Mobil Corporation
Schlumberger N.V.
TotalEnergies SE
BP Plc (Castrol)
Valvoline Inc.
Shell Plc
3M Co
Others
Table of Contents
116 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Oil and Gas Lubricants Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Oil and Gas Lubricants Historical Market (2018-2024)
- 5.3 Global Oil and Gas Lubricants Market Forecast (2025-2034)
- 5.4 Global Oil and Gas Lubricants Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Oil and Gas Lubricants Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Oil and Gas Lubricants Historical Market (2018-2024)
- 6.3 North America Oil and Gas Lubricants Market Forecast (2025-2034)
- 7 North America Oil and Gas Lubricants Market by Product Type
- 7.1 Coolant/Anti-Freezer
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Engine Oils
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Grease
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Hydraulic Fluids
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 North America Oil and Gas Lubricants Market by Location
- 8.1 Onshore
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Offshore
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 North America Oil and Gas Lubricants Market by Sector
- 9.1 Upstream
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Midstream
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Downstream
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 10 North America Oil and Gas Lubricants Market by Country
- 10.1 United States of America
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Canada
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Value Chain Analysis
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 BP Plc (Castrol)
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Shell Plc
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 TotalEnergies SE
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Exxon Mobil Corporation
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 3M Co.
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Lubrication Engineers, Inc.
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Kluber Lubrication Munchen GmbH & Co. KG
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 HF Sinclair Corp. (Petro?Canada Lubricants LLC)
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Schlumberger N.V.
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Valvoline Inc.
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Others
Pricing
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