U.S. Lubricants Market Size, Share & Trends Analysis Report By Application (Industrial, Automotive, Marine, Aerospace), And Segment Forecasts, 2020 - 2027
The U.S. lubricants market size is projected to reach USD 24.50 billion by 2027, expanding at a CAGR of 3.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for industrial lubricants in U.S. is anticipated to boost the market growth over the forecast period.
Rapid industrialization in the country led to higher consumption of oils in the industrial sector. Lubricants are widely used across various manufacturing industries, including metal forming, mining, paper & mill, construction, agriculture, food & beverages, energy, plastics, and others. Growth of the manufacturing industry has a direct impact on the demand for the lubricants. Increasing focus on the development of domestic manufacturing sector is likely to positively affect the demand for lubricants in the country. Other factors facilitating the lubricant consumption include focus on productive and cost-effective manufacturing techniques, increased mergers & acquisitions, and reshoring of factories.
Inflow of foreign investments in the marketspace, coupled with availability of several skilled labors with high adaptivity to technological interfacing, is driving the manufacturing sector in U.S. Rapid growth of the niche manufacturing sectors, like 3D printing, is also a key force behind constant demand for lubricants used in the printing machines. Moreover, as of 2017, in U.S., the major industrial machinery utilization was observed in the construction and agriculture industries, followed by the mining and food processing industries.
Furthermore, in terms of automotive industry movement, downsizing liter engine segment vehicles to reduce vehicle weight and enhance fuel efficiency is considered to be yet another key factor boosting the sales of passenger cars in U.S. With the rise in sales of automobiles in U.S., the projected consumption of lubricants in the manufacturing and maintenance of vehicles in the country is also expected to rise in the coming years.
Further key findings from the study suggest:
Rapid industrialization in the country led to higher consumption of oils in the industrial sector. Lubricants are widely used across various manufacturing industries, including metal forming, mining, paper & mill, construction, agriculture, food & beverages, energy, plastics, and others. Growth of the manufacturing industry has a direct impact on the demand for the lubricants. Increasing focus on the development of domestic manufacturing sector is likely to positively affect the demand for lubricants in the country. Other factors facilitating the lubricant consumption include focus on productive and cost-effective manufacturing techniques, increased mergers & acquisitions, and reshoring of factories.
Inflow of foreign investments in the marketspace, coupled with availability of several skilled labors with high adaptivity to technological interfacing, is driving the manufacturing sector in U.S. Rapid growth of the niche manufacturing sectors, like 3D printing, is also a key force behind constant demand for lubricants used in the printing machines. Moreover, as of 2017, in U.S., the major industrial machinery utilization was observed in the construction and agriculture industries, followed by the mining and food processing industries.
Furthermore, in terms of automotive industry movement, downsizing liter engine segment vehicles to reduce vehicle weight and enhance fuel efficiency is considered to be yet another key factor boosting the sales of passenger cars in U.S. With the rise in sales of automobiles in U.S., the projected consumption of lubricants in the manufacturing and maintenance of vehicles in the country is also expected to rise in the coming years.
Further key findings from the study suggest:
- The automotive application segment held the largest share of 57.73% in U.S. in 2019 due to high demand for vehicle maintenance. Engine oils held the largest share in 2019 and transmission fluids are anticipated to witness the fastest growth over the forecast period
- The aerospace sector is projected to expand at the fastest CAGR of 4.0% in terms of volume due to increased shipping demand for U.S. produced civil space systems, general aviation aircrafts, and commercial aircrafts
- In the industrial application segment, industrial engine oil is projected to register the highest CAGR of 3.2% from 2020 to 2027 due to high demand for the product to enhance machinery life by reducing wear and tear of engine components
- Key players in U.S. lubricants market such as Total S.A., ExxonMobil, British Petroleum, and Royal Dutch Shell have integrated operations across the value chain.
CHAPTER 1 METHODOLOGY AND SCOPE
1.1 Market segmentation & scope
1.2 Research assumptions
1.3 Research methodology
1.4 Information procurement
1.5 Information analysis
1.6 Market formulation & data visualization
1.7 Data validation & publishing
1.8 List to data sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market outlook
2.2 Segment outlook
2.3 Competitive insights
CHAPTER 3 U.S. LUBRICANTS MARKET VARIABLES, TRENDS, & SCOPE
3.1 Market lineage outlook
3.1.1 U.S. lubricants industry outlook
3.1.2 Outlook on end-use industries
3.2 Penetration & growth prospect mapping
3.3 Industry value chain analysis
3.3.1 Raw material trends
3.3.2 Manufacturing & technology trends
3.3.2.1 Sedimentation
3.3.2.2 Fractionating
3.3.2.3 Filtering & solvent extraction
3.3.2.4 Additives, inspection, & packaging
3.3.3 Sales channel analysis
3.3.4 Vendor landscape
3.3.4.1 List of manufacturers
3.3.4.2 List of distributors
3.3.4.3 List of potential end users
3.3.5 Vendor selection criteria
3.3.6 Profit margin analysis
3.4 Price trend analysis
3.5 Regulatory framework
3.6 Market dynamics
3.6.1 Market drivers
3.6.1.1 Steadily growing number of automobiles on road
3.6.1.2 Rapid industrialization in the country
3.6.2 Market restraints
3.6.2.1 Rising popularity of electric vehicles
3.6.3 Industry challenges
3.7 Trade analysis, 2007 - 2018
3.7.1 Trade balance
3.7.2 Import & export statistics
3.8 Business environment analysis
3.8.1 Industry analysis - porter’s analysis
3.8.1.1 Supplier power
3.8.1.2 Buyer power
3.8.1.3 Substitution threat
3.8.1.4 Threat from new entrants
3.8.1.5 competitive rivalry
3.8.2 Pestle analysis
CHAPTER 4 U.S. LUBRICANTS MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
4.1 Application Market Snapshot
4.2 U.S. lubricants market estimates & forecast, by application
4.2.1 Industrial
4.2.1.1 Market estimates & forecasts, by product, 2007 - 2027
4.2.2 Automotive
4.2.2.1 Market estimates & forecasts, by product, 2007 - 2027
4.2.3 Marine
4.2.3.1 Market estimates & forecasts, by product, 2007 - 2027
4.2.4 Aerospace
4.2.4.1 Market estimates & forecasts, by product, 2007 - 2027
CHAPTER 5 COMPETITIVE LANDSCAPE
5.1 Key global players & recent developments
5.2 Competitive dashboard analysis
5.3 Key company/competition categorization
5.4 Company market share analysis, 2018
5.5 Product benchmarks, by type
5.6 Production landscape
5.6.1 Recent developments
5.6.2 Production capacities
5.7 New entrant financial outlook
CHAPTER 6 COMPANY PROFILES
6.1 Exxon Mobil Corporation
6.1.1 Company introduction
6.1.2 General information
6.1.3 Financial performance
6.1.4 Product portfolio
6.1.5 Key developments
6.2 Royal Dutch Shell
6.2.1 Company introduction
6.2.2 General information
6.2.3 Financial performance
6.2.4 pProduct portfolio
6.2.5 Key developments
6.3 British Petroleum plc
6.3.1 Company introduction
6.3.2 General information
6.3.3 Financial performance
6.3.4 Product portfolio
6.3.5 Key developments
6.4 BASF SE
6.4.1 Company introduction
6.4.2 General information
6.4.3 Financial performance
6.4.4 Product portfolio
6.4.5 Key developments
6.5 Chevron Corporation
6.5.1 Company introduction
6.5.2 General information
6.5.3 Financial performance
6.5.4 Product portfolio
6.5.5 Key developments
6.6 Croda international Plc
6.6.1 Company introduction
6.6.2 General information
6.6.3 Financial performance
6.6.4 Product portfolio
6.6.5 Key developments
6.7 Liqui Moly
6.7.1 Company introduction
6.7.2 General information
6.7.3 Financial performance
6.7.4 Product portfolio
6.7.5 Key developments
6.8 Total
6.8.1 Company introduction
6.8.2 General information
6.8.3 Financial performance
6.8.4 Product portfolio
6.8.5 Key developments
6.9 China Petroleum & Chemical Corporation (Sinopec)
6.9.1 Company introduction
6.9.2 General information
6.9.3 Financial performance
6.9.4 Product portfolio
6.9.5 Key developments
6.10 Fuchs Group
6.10.1 Company introduction
6.10.2 General information
6.10.3 Financial performance
6.10.4 Product portfolio
6.10.5 Key developments
6.11 American Refining Group, Inc.
6.11.1 Company introduction
6.11.2 General information
6.11.3 Financial performance
6.11.4 Product portfolio
6.12 Castrol International
6.12.1 Company introduction
6.12.2 General information
6.12.3 Product portfolio
6.13 Pennzoil
6.13.1 Company introduction
6.13.2 General information
6.13.3 Product portfolio
6.13.4 Strategic initiatives
6.14 Amsoil, Inc.
6.14.1 Company introduction
6.14.2 General information
6.14.3 Financial performance
6.14.4 Product portfolio
6.14.5 Strategic initiatives
6.15 Phillips 66 Company
6.15.1 Company introduction
6.15.2 General information
6.15.3 Financial performance
6.15.4 Product portfolio
6.15.5 Strategic initiatives
6.16 Valvoline
6.16.1 Company introduction
6.16.2 General information
6.16.3 Financial performance
6.16.4 Product portfolio
6.16.5 Strategic initiatives
6.17 Petrobras
6.17.1 Company introduction
6.17.2 General information
6.17.3 Financial performance
6.17.4 Product portfolio
6.17.5 Strategic initiatives
6.18 Petronas Lubricant international
6.18.1 Company introduction
6.18.2 General information
6.18.3 Financial performance
6.18.4 Product portfolio
6.18.5 Strategic initiatives
6.19 Quaker Chemical Corporation
6.19.1 Company introduction
6.19.2 General information
6.19.3 Financial performance
6.19.4 Product portfolio
6.19.5 Strategic initiatives
6.20 Petrofer Chemie
6.20.1 Company introduction
6.20.2 General information
6.20.3 Financial performance
6.20.4 Product portfolio
6.21 Blaser SwissLube Inc.
6.21.1 Company introduction
6.21.2 General information
6.21.3 Financial performance
6.21.4 Product portfolio
1.1 Market segmentation & scope
1.2 Research assumptions
1.3 Research methodology
1.4 Information procurement
1.5 Information analysis
1.6 Market formulation & data visualization
1.7 Data validation & publishing
1.8 List to data sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market outlook
2.2 Segment outlook
2.3 Competitive insights
CHAPTER 3 U.S. LUBRICANTS MARKET VARIABLES, TRENDS, & SCOPE
3.1 Market lineage outlook
3.1.1 U.S. lubricants industry outlook
3.1.2 Outlook on end-use industries
3.2 Penetration & growth prospect mapping
3.3 Industry value chain analysis
3.3.1 Raw material trends
3.3.2 Manufacturing & technology trends
3.3.2.1 Sedimentation
3.3.2.2 Fractionating
3.3.2.3 Filtering & solvent extraction
3.3.2.4 Additives, inspection, & packaging
3.3.3 Sales channel analysis
3.3.4 Vendor landscape
3.3.4.1 List of manufacturers
3.3.4.2 List of distributors
3.3.4.3 List of potential end users
3.3.5 Vendor selection criteria
3.3.6 Profit margin analysis
3.4 Price trend analysis
3.5 Regulatory framework
3.6 Market dynamics
3.6.1 Market drivers
3.6.1.1 Steadily growing number of automobiles on road
3.6.1.2 Rapid industrialization in the country
3.6.2 Market restraints
3.6.2.1 Rising popularity of electric vehicles
3.6.3 Industry challenges
3.7 Trade analysis, 2007 - 2018
3.7.1 Trade balance
3.7.2 Import & export statistics
3.8 Business environment analysis
3.8.1 Industry analysis - porter’s analysis
3.8.1.1 Supplier power
3.8.1.2 Buyer power
3.8.1.3 Substitution threat
3.8.1.4 Threat from new entrants
3.8.1.5 competitive rivalry
3.8.2 Pestle analysis
CHAPTER 4 U.S. LUBRICANTS MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
4.1 Application Market Snapshot
4.2 U.S. lubricants market estimates & forecast, by application
4.2.1 Industrial
4.2.1.1 Market estimates & forecasts, by product, 2007 - 2027
4.2.2 Automotive
4.2.2.1 Market estimates & forecasts, by product, 2007 - 2027
4.2.3 Marine
4.2.3.1 Market estimates & forecasts, by product, 2007 - 2027
4.2.4 Aerospace
4.2.4.1 Market estimates & forecasts, by product, 2007 - 2027
CHAPTER 5 COMPETITIVE LANDSCAPE
5.1 Key global players & recent developments
5.2 Competitive dashboard analysis
5.3 Key company/competition categorization
5.4 Company market share analysis, 2018
5.5 Product benchmarks, by type
5.6 Production landscape
5.6.1 Recent developments
5.6.2 Production capacities
5.7 New entrant financial outlook
CHAPTER 6 COMPANY PROFILES
6.1 Exxon Mobil Corporation
6.1.1 Company introduction
6.1.2 General information
6.1.3 Financial performance
6.1.4 Product portfolio
6.1.5 Key developments
6.2 Royal Dutch Shell
6.2.1 Company introduction
6.2.2 General information
6.2.3 Financial performance
6.2.4 pProduct portfolio
6.2.5 Key developments
6.3 British Petroleum plc
6.3.1 Company introduction
6.3.2 General information
6.3.3 Financial performance
6.3.4 Product portfolio
6.3.5 Key developments
6.4 BASF SE
6.4.1 Company introduction
6.4.2 General information
6.4.3 Financial performance
6.4.4 Product portfolio
6.4.5 Key developments
6.5 Chevron Corporation
6.5.1 Company introduction
6.5.2 General information
6.5.3 Financial performance
6.5.4 Product portfolio
6.5.5 Key developments
6.6 Croda international Plc
6.6.1 Company introduction
6.6.2 General information
6.6.3 Financial performance
6.6.4 Product portfolio
6.6.5 Key developments
6.7 Liqui Moly
6.7.1 Company introduction
6.7.2 General information
6.7.3 Financial performance
6.7.4 Product portfolio
6.7.5 Key developments
6.8 Total
6.8.1 Company introduction
6.8.2 General information
6.8.3 Financial performance
6.8.4 Product portfolio
6.8.5 Key developments
6.9 China Petroleum & Chemical Corporation (Sinopec)
6.9.1 Company introduction
6.9.2 General information
6.9.3 Financial performance
6.9.4 Product portfolio
6.9.5 Key developments
6.10 Fuchs Group
6.10.1 Company introduction
6.10.2 General information
6.10.3 Financial performance
6.10.4 Product portfolio
6.10.5 Key developments
6.11 American Refining Group, Inc.
6.11.1 Company introduction
6.11.2 General information
6.11.3 Financial performance
6.11.4 Product portfolio
6.12 Castrol International
6.12.1 Company introduction
6.12.2 General information
6.12.3 Product portfolio
6.13 Pennzoil
6.13.1 Company introduction
6.13.2 General information
6.13.3 Product portfolio
6.13.4 Strategic initiatives
6.14 Amsoil, Inc.
6.14.1 Company introduction
6.14.2 General information
6.14.3 Financial performance
6.14.4 Product portfolio
6.14.5 Strategic initiatives
6.15 Phillips 66 Company
6.15.1 Company introduction
6.15.2 General information
6.15.3 Financial performance
6.15.4 Product portfolio
6.15.5 Strategic initiatives
6.16 Valvoline
6.16.1 Company introduction
6.16.2 General information
6.16.3 Financial performance
6.16.4 Product portfolio
6.16.5 Strategic initiatives
6.17 Petrobras
6.17.1 Company introduction
6.17.2 General information
6.17.3 Financial performance
6.17.4 Product portfolio
6.17.5 Strategic initiatives
6.18 Petronas Lubricant international
6.18.1 Company introduction
6.18.2 General information
6.18.3 Financial performance
6.18.4 Product portfolio
6.18.5 Strategic initiatives
6.19 Quaker Chemical Corporation
6.19.1 Company introduction
6.19.2 General information
6.19.3 Financial performance
6.19.4 Product portfolio
6.19.5 Strategic initiatives
6.20 Petrofer Chemie
6.20.1 Company introduction
6.20.2 General information
6.20.3 Financial performance
6.20.4 Product portfolio
6.21 Blaser SwissLube Inc.
6.21.1 Company introduction
6.21.2 General information
6.21.3 Financial performance
6.21.4 Product portfolio
LIST OF TABLES
Table 1 Net Margin of top 5 companies, 2015, 2016 & 2017 (%)
Table 2 U.S. hybrid-electric vehicle sales, by model, 2008 - 2017 (Thousand Units)
Table 3 Trade Balance Analysis, 2017 - 2018 (Kilotons)
Table 4 Import & Export Statistics, 2007 - 2018 (Kilotons)
Table 5 PESTLE Analysis
Table 6 U.S. industrial lubricants market estimates & forecasts, 2007 - 2027 (Kilotons) (USD Million)
Table 7 U.S. industrial lubricants market volume, by product, 2007 - 2027 (Kilotons)
Table 8 U.S. industrial lubricants market revenue, by product, 2007 - 2027 (USD Million)
Table 9 U.S. automotive lubricants market estimates & forecasts, 2007 - 2027 (Kilotons) (USD Million)
Table 10 U.S. automotive lubricants market volume, by product, 2007 - 2027 (Kilotons)
Table 11 U.S. automotive lubricants market revenue, by product, 2007 - 2027 (USD Million)
Table 12 U.S. marine lubricants market estimates & forecasts, 2007 - 2027 (Kilotons) (USD Million)
Table 13 U.S. marine lubricants market volume, by product, 2007 - 2027 (Kilotons)
Table 14 U.S. marine lubricants market revenue, by product, 2007 - 2027 (USD Million)
Table 15 U.S. aerospace lubricants market estimates & forecast, 2007 - 2027 (Kilotons) (USD Million)
Table 16 U.S. aerospace lubricants market volume, by product, 2007 - 2027 (Kilotons)
Table 17 U.S. aerospace lubricants market revenue, by product, 2007 - 2027 (USD Million)
Table 1 Net Margin of top 5 companies, 2015, 2016 & 2017 (%)
Table 2 U.S. hybrid-electric vehicle sales, by model, 2008 - 2017 (Thousand Units)
Table 3 Trade Balance Analysis, 2017 - 2018 (Kilotons)
Table 4 Import & Export Statistics, 2007 - 2018 (Kilotons)
Table 5 PESTLE Analysis
Table 6 U.S. industrial lubricants market estimates & forecasts, 2007 - 2027 (Kilotons) (USD Million)
Table 7 U.S. industrial lubricants market volume, by product, 2007 - 2027 (Kilotons)
Table 8 U.S. industrial lubricants market revenue, by product, 2007 - 2027 (USD Million)
Table 9 U.S. automotive lubricants market estimates & forecasts, 2007 - 2027 (Kilotons) (USD Million)
Table 10 U.S. automotive lubricants market volume, by product, 2007 - 2027 (Kilotons)
Table 11 U.S. automotive lubricants market revenue, by product, 2007 - 2027 (USD Million)
Table 12 U.S. marine lubricants market estimates & forecasts, 2007 - 2027 (Kilotons) (USD Million)
Table 13 U.S. marine lubricants market volume, by product, 2007 - 2027 (Kilotons)
Table 14 U.S. marine lubricants market revenue, by product, 2007 - 2027 (USD Million)
Table 15 U.S. aerospace lubricants market estimates & forecast, 2007 - 2027 (Kilotons) (USD Million)
Table 16 U.S. aerospace lubricants market volume, by product, 2007 - 2027 (Kilotons)
Table 17 U.S. aerospace lubricants market revenue, by product, 2007 - 2027 (USD Million)
LIST OF FIGURES
Fig. 1 U.S. lubricants market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 U.S. lubricants market outlook
Fig. 7 U.S. lubricants penetration & growth prospect mapping, 2007 - 2027 (Kilotons)(USD Million)
Fig. 8 U.S. lubricants market value chain analysis
Fig. 9 U.S. Base oil production, by type, 2009 - 2018 (in 1,000 barrels)
Fig. 10 U.S lubricants price trend , 2007 - 2018 (USD/kg)
Fig. 11 Market trends
Fig. 12 U.S. lubricants market driver impact
Fig. 13 U.S. vehicles in use, 2005 - 2015
Fig. 14 U.S. industrial machinery market size, by segment, 2017 (USD Million)
Fig. 15 U.S. lubricants market restraint impact
Fig. 16 U.S. hybrid-electric vehicle sales, 2008 - 2017 (Thousand Units)
Fig. 17 U.S. electric vehicle sales, by state, 2016 (Units)
Fig. 18 Porter’s Analysis
Fig. 19 U.S. lubricants market volume, 2019 & 2027 (Kilotons)
Fig. 20 U S. waterborne foreign container trade, by top 10 U.S. customs ports, 2007 - 2017 (imports in metric tons)
Fig. 21 U S. waterborne foreign container trade by U.S. customs ports, 2007 - 2017 (imports in metric tons)
Fig. 22 U S. civil aircraft production, by type, 2012 - 2017 (number of units)
Fig. 23 Competitive dashboard analysis
Fig. 24 Company market share
Fig. 1 U.S. lubricants market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 U.S. lubricants market outlook
Fig. 7 U.S. lubricants penetration & growth prospect mapping, 2007 - 2027 (Kilotons)(USD Million)
Fig. 8 U.S. lubricants market value chain analysis
Fig. 9 U.S. Base oil production, by type, 2009 - 2018 (in 1,000 barrels)
Fig. 10 U.S lubricants price trend , 2007 - 2018 (USD/kg)
Fig. 11 Market trends
Fig. 12 U.S. lubricants market driver impact
Fig. 13 U.S. vehicles in use, 2005 - 2015
Fig. 14 U.S. industrial machinery market size, by segment, 2017 (USD Million)
Fig. 15 U.S. lubricants market restraint impact
Fig. 16 U.S. hybrid-electric vehicle sales, 2008 - 2017 (Thousand Units)
Fig. 17 U.S. electric vehicle sales, by state, 2016 (Units)
Fig. 18 Porter’s Analysis
Fig. 19 U.S. lubricants market volume, 2019 & 2027 (Kilotons)
Fig. 20 U S. waterborne foreign container trade, by top 10 U.S. customs ports, 2007 - 2017 (imports in metric tons)
Fig. 21 U S. waterborne foreign container trade by U.S. customs ports, 2007 - 2017 (imports in metric tons)
Fig. 22 U S. civil aircraft production, by type, 2012 - 2017 (number of units)
Fig. 23 Competitive dashboard analysis
Fig. 24 Company market share
