U.S. Industrial Lubricants Market Size Worth USD 10.37 Billion by 2034 | CAGR: 3.10%

The U.S. industrial lubricants market size is expected to reach USD 10.37 Billion by 2034, according to a new study by Polaris Market Research. The report “U.S. Industrial Lubricants Market Share, Size, Trends, Industry Analysis Report: By Base Oil Type (Mineral Oils, Synthetic Oils, Bio-Based Oils, and Recycled Oils), By Application, By End User, and By Country; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for industrial lubricants in the U.S. is increasing due to their extensive use across manufacturing, energy, automotive, and construction sectors. Lubricants enhance equipment efficiency, minimize wear and tear, and extend machinery lifespan, making them essential for heavy-duty operations and continuous production cycles.

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Market growth is driven by expanding renewable and conventional energy projects, strong industrial output, and rising demand for advanced formulations capable of withstanding extreme conditions. Additionally, growing investments in clean power, expansion of wind and solar capacity, and increasing focus on energy efficiency are supporting higher lubricant adoption across diverse end-use sectors.

Top of FormU.S. Industrial Lubricants Market Report Highlights

• Based on type, the synthetic segment is growing at the fastest CAGR by 2034, driven by its superior performance, thermal stability, and long drain intervals.
• In terms of application, the metalworking fluids segment dominated the U.S. industrial lubricants market in 2024, driven by high demand from automotive and aerospace component production.
• Based on end users, the energy segment is projected to grow at the fastest CAGR during the forecast period, fueled by renewable investments and demand for durable lubricants in power generation and exploration.
• A few global key market players include ExxonMobil Corporation, Chevron Corporation, Royal Dutch Shell plc, BP p.l.c., Phillips 66 Company, Valvoline Inc., TotalEnergies SE, Petro-Canada Lubricants, Fuchs Petrolub SE, AMSOIL Inc., Idemitsu Kosan Co., Ltd., and Quaker Houghton.

Polaris Market Research has segmented the market report on the basis of base oil type, application, end user, and country:

By Base Oil Type Outlook (Revenue, USD Billion, 2020–2034)

• Mineral Oils
• Synthetic Oils
• Bio-Based Oils
• Recycled Oils Source

By Application Outlook (Revenue, USD Billion, 2020–2034)

• Metalworking Fluids
• Hydraulic Fluids
• General Industrial Lubricants
• Process Oils
• Gear Oils

By End User Outlook (Revenue, USD Billion, 2020–2034)

• Manufacturing
• Automotive
• Aerospace
• Energy
• Construction