Lubricant Oil Manufacturing in the US - Industry Market Research Report

Lubricant Oil Manufacturing in the US - Industry Market Research Report


Lubricant Oil Manufacturing in the US

Lubricant oil manufacturers primarily produce petroleum-based lubricant and grease products, such as blended motor oils, brake fluids and lubricating grease, linking industry demand to the volatile prices of crude oil. Despite steep fluctuations in oil prices, oil production continued and surpluses developed. Global crude oil production also remained steady, exacerbating the supply build-up and putting additional pressure on prices. Due to these factors, lubricant production slowed early through the end of 2023 and lubricant oil manufacturers took on the financial burden. This reversed in 2021 and 2022 as oil prices rose, which pushed up industry revenue and contributed greatly to the overall rise. Still, oil prices decreased amid the COVID-19 pandemic and are currently decreasing in 2023, mitigating growth. Lubricant oil manufacturing revenue has inched upward at a CAGR of 0.5% to $28.4 billion over the past five years, pushed down by a 1.4% decrease in 2023 alone.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market


TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings