Press release
North America Lubricants Market Grows on Expanding Automotive Production, Industrial Machinery Demand & Shift Toward High-Performance Oils | Key Companies: ExxonMobil Corporation, Chevron Corporation, Shell Oil Company, Phillips 66, Valvoline Inc.
North America Lubricants Market
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Mono-Ethylene Glycol (MEG) is a key chemical intermediate used in antifreeze, polyester, and PET production. In the U.S., the market was valued at approximately USD 9.5 billion in 2024 and is expected to grow at a CAGR of around 6.0%, reaching USD 18 billion by 2035. Recent market movements include a 4.8% drop in MEG spot prices in Q2 2025 due to softening upstream costs and strong domestic supply conditions.
Latest Industry Update on North America Lubricants Market:
📌 In July 2025, ExxonMobil introduced a new line of bio-based lubricants in the U.S. and Canada. The products are designed to reduce carbon emissions in industrial applications. They support the transition to sustainable lubrication solutions.
📌 In June 2025, Chevron invested $400 million to expand its lubricant blending facility in Texas. The expansion increases production capacity for high-performance automotive and industrial lubricants. It strengthens Chevron's North American supply chain.
📌 In May 2025, Valvoline partnered with Ford to co-develop next-gen EV-compatible lubricants. The collaboration addresses unique cooling and performance needs of electric drivetrains. It positions Valvoline as a leader in EV lubricant innovation.
North America Lubricants Market Key Companies:
The report profiles leading players shaping the North America Lubricants Market, including:
ExxonMobil Corporation, Chevron Corporation, Shell Oil Company, Phillips 66, Valvoline Inc., Petro-Canada Lubricants, TotalEnergies, Fuchs Lubricants Co, Warren Oil Company, Inc and Calumet Specialty Products Partners, L.P.
These companies are adopting strategies such as product launches, mergers & acquisitions, and partnerships to expand their market footprint.
Growth Driver:
The lubricants market in North America is driven by growing demand from the automotive, industrial machinery, and marine sectors. The shift toward synthetic and bio-based lubricants is gaining traction due to environmental regulations. Recent developments include ExxonMobil's introduction of advanced synthetic lubricants for EVs and Chevron's investments in sustainable base oil production, strengthening the growth outlook.
Comprehensive Market Segmentation:
The North America Lubricants Market has been segmented to provide a clear understanding of its structure and dynamics. The report categorizes the market by product type, application, end-user industry, and region, offering detailed insights into each segment's growth potential. This segmentation helps stakeholders identify key opportunities, evaluate demand patterns, and develop targeted strategies to strengthen their market position.
By Type (Industrial Oils, Remote Monitor, Automotive Lubricants, Marine Oils, Aerospace Oils), By Grade (Mineral, Synthetic, Semi-Synthetic), By End-User (Patients with chronic diseases, Transportation, Industrial)
Regional Outlook Highlighting Growth:
• North America: Expected to dominate the North America Lubricants market due to high technology adoption and strong industry presence.
Looking for in-depth insights? Grab the full report: https://www.datamintelligence.com/buy-now-page?report=north-america-lubricants-market
FAQ
✅ What is the projected market outlook for lubricants in North America?
✅ Which end-use industries (automotive, industrial, marine) dominate lubricant demand?
✅ Which companies hold the largest market share in North America's lubricant industry?
✅ How are sustainability trends influencing lubricant formulation in the region?
✅ What distribution channels are most effective in the North American lubricant market?
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