North America Lubricants Market Supply, Demand and SWOT Analysis to 2028


The North America Lubricants Market is expected to grow from US$ 34.47 billion in 2021 to US$ 40.03 billion by 2028; it is estimated to grow at a CAGR of 2.2% from 2021 to 2028.

North America Lubricants Market Overview and Strategic Insights

The United States, Canada, and Mexico—key economies in North America—have played a significant role in the robust growth of the region’s automotive sector over the past decade. Although the COVID-19 pandemic severely disrupted this momentum in 2020 and 2021 due to nationwide lockdowns and a drop in investments, the industry has gradually regained its pre-pandemic growth trajectory by FY 2022–2023.

While the automotive industry experienced a downturn during the height of the pandemic, factors such as the easing of travel restrictions, increased transportation activity, and widespread vaccination efforts—especially throughout 2021—have supported the recovery of automobile sales. Major players in the automotive sector have ramped up investments in manufacturing to boost production capacity and drive revenue growth.

Key North America Lubricants Market drivers such as population growth, higher disposable income, and easier access to credit and financing continue to support rising automobile sales. This increase in vehicle sales directly contributes to the growing demand for lubricants, as lubricants are essential for vehicle maintenance and performance. Additionally, rising investments in electric vehicle (EV) production are significantly contributing to the expansion of the lubricants market, particularly with the need for specialized products suited to EV technology.

Despite the U.S. recording the highest number of COVID-19 cases in the region, the impact on production and end-use industries is beginning to wane. By November 2021, approximately 60% of the U.S. population was fully vaccinated, which helped support the gradual rebound in economic activity. In Canada, for example, automobile sales rose by 25% in the first seven months of 2021, signaling a broader recovery trend across the region.

Looking ahead, the combination of renewed industrial activity and a resilient automotive sector is expected to fuel steady growth in lubricant consumption. New technologies and product innovations are also enabling lubricant manufacturers and vendors to attract new customers and expand into emerging markets.

Strategic Insights for the North America Lubricants Market

Strategic insights into the North America lubricants market provide data-driven analysis of current industry trends, leading players, and regional dynamics. These insights equip stakeholders—including investors, manufacturers, and distributors—with the tools to identify growth opportunities, address market challenges, and differentiate their offerings through unique value propositions.

By leveraging analytics and market intelligence, stakeholders can better anticipate shifts in demand and strategically position themselves for sustainable growth. Ultimately, these forward-looking insights support smarter decision-making and help drive long-term profitability in a dynamic and competitive market landscape.

North America Lubricants Market Segmentation

North America Lubricants Market – By Base Oil

  • Mineral Oil
  • Synthetic
  • Bio-Based Lubricants
  • Others

North America Lubricants Market – By

Product Type

  • Engine Oil
  • Hydraulic Oil
  • Gear Oil
  • Grease
  • Compressor Oil
  • Others

North America Lubricants Market – By End Use

  • Oil and Gas
  • Industrial
  • Chemical
  • Automotive
  • Marine
  • Others

North America Lubricants Market, by Country

  • US
  • Canada
  • Mexico

North America Lubricants Market - Companies Mentioned

  • BP plc
  • Chevron Corporation
  • China Petrochemical Corporation (Sinopec)
  • Exxon Mobil Corporation
  • Fuchs
  • Lukoil
  • Royal Dutch shell plc
  • Total
  • Valvoline LLC

Other Reports: 

North America Dolomite Market: https://business-news-insights.blogspot.com/2025/04/north-america-dolomite-market-outlook.html 

North America Recovered Carbon Black Market: https://sites.google.com/view/recovered-carbon-black-n/home 

North America Medical Aesthetics Market: https://penzu.com/p/add523e2bb24f6ff 

North America Automotive Lead Acid Battery Market: https://postyourarticle.com/north-america-automotive-lead-acid-battery-market-landscape-demand-and-trends-by-forecast-to-2028/ 

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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