$25.1bn
$X.Xbn
17,163
262
$X.Xbn
Lubricant oil manufacturers have faced shaky circumstances over the period, primarily because of the volatile prices of crude oil. Revenue and profit sunk drastically as prices plummeted amid the pandemic. Manufacturers saw the need for lubricants slump as stay-at-home orders cut the need for automobiles, minimizing oil changes. The lone bright spot for manufacturers during this time was the essential industrial markets that remained open. As the economy reopened and crude oil production resumed, prices shot back up, allowing manufacturers to climb back up from the pandemic downturns. As the industrial sector returned to total capacity and automobiles hit the road again, so did the need for lubricant oil. Lubricant oil manufacturing revenue has crept downward at a CAGR of 1.8% to $25.1 billion through 2024, including a 0.3% uptick in 2024 alone.
Industry revenue has declined at a CAGR of 1.8 % over the past five years, to reach an estimated $25.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Royal Dutch Shell Plc | 3,895.8 | 193.9 | 5.0 | |
Bp Plc | 1,727.1 | 144.3 | 8.4 | |
Valvoline Inc. | 1,624.0 | 295.8 | 18.2 |
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Industry revenue is measured across several distinct product and services lines, including Automotive lubricants, Industrial lubricants and Other . Automotive lubricants is the largest segment of the Lubricant Oil Manufacturing in the US.
Despite its vital nature, automotive lubricant sales weaken
Operators in this industry manufacture petroleum products (except for asphalt-paving, roofing and saturated materials), such as blended motor oils, brake fluids, lubricating grease and other oil-based additives. Key buyers include downstream automobile manufacturers, wholesalers and automotive retail chains.
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NAICS 32419 - Lubricant Oil Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Lubrication is vital to many industrial markets to help maintain machinery. A recovering economy allowed these markets to operate near total capacity, which drove the need fo...
Learn about an industry's products and services, markets and trends in international trade.
Industrial lubricants remain the industry’s largest product segment. Lubricants help companies properly maintain machines while extending their efficiency and longevity.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Lubricant oil manufacturers will locate near suppliers, making the Great Lakes the most popular choice to set up establishments. Manufacturers can quickly and conveniently ac...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competitive pricing is key to attracting downstream customers in a relatively low-margin industry. Lubricant oil manufacturers must be able to deliver a range of high-quality...
Learn about the performance of the top companies in the industry.
Royal Dutch Shell Plc has extensive operations overseas, including direct manufacturing operations in more than a dozen countries. Royal Dutch Shell has expanded its market s...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Lubricant oil manufacturers are under heavy regulation. These include the Clear Water Act, Resource Conservation and Recovery Act, Clean Air Act, the Cluster Rule and noise c...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases are the largest cost for lubricant oil manufacturers. Raw material prices are the largest expense and have been volatile in recent years, which constrain profitabil...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Lubricant Oil Manufacturing in the US industry in United States is $25.1bn in 2024.
There are 262 businesses in the Lubricant Oil Manufacturing in the US industry in United States, which has declined at a CAGR of 2.6 % between 2019 and 2024.
The market size of the Lubricant Oil Manufacturing in the US industry in United States has been declining at a CAGR of 1.8 % between 2019 and 2024.
Over the next five years, the Lubricant Oil Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Lubricant Oil Manufacturing market in United States are Royal Dutch Shell Plc, Bp Plc and Valvoline Inc.
Manufacturing lubricating oils and greases made from refined petroleum and Manufacturing brake fluids made from refined petroleum are part of the Lubricant Oil Manufacturing in the US industry.
The company holding the most market share in United States is Royal Dutch Shell Plc.
The level of competition is moderate and steady in the Lubricant Oil Manufacturing in the US industry in United States.