U.S. Mineral Oil Market Size & Outlook, 2025-2030
The mineral oil market in the United States is expected to reach a projected revenue of US$ 1,157.6 million by 2030. A compound annual growth rate of 4.4% is expected of the United States mineral oil market from 2025 to 2030.
- Bulk Chemicals
- Organic Chemicals
- Mineral Oil Market Outlook
- Organic Chemicals
Revenue, 2024 (US$M)
$896.4
Forecast, 2030 (US$M)
$1,157.6
CAGR, 2025 - 2030
4.4%
Report Coverage
U.S.
U.S. Mineral Oil Market, 2018-2030 (US$M)
Global Market
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U.S. mineral oil market highlights
- The U.S. mineral oil market generated a revenue of USD 896.4 million in 2024 and is expected to reach USD 1,157.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.4% from 2025 to 2030.
- In terms of segment, white oil was the largest revenue generating grade in 2024.
- White Oil is the most lucrative grade segment registering the fastest growth during the forecast period.
Mineral oil market data book summary
| Market revenue in 2024 | USD 896.4 million |
| Market revenue in 2030 | USD 1,157.6 million |
| Growth rate | 4.4% (CAGR from 2025 to 2030) |
| Largest segment | White oil |
| Fastest growing segment | White Oil |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Technical Oil, White Oil |
Other key industry trends
- In terms of revenue, U.S. accounted for 14.0% of the global mineral oil market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. mineral oil market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 130.4 million by 2030.
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Publish Date: Apr 04, 2025
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Mineral Oil Market Scope
Mineral Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Exxon Mobil Corp | View profile | 61,500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | www.exxonmobil.com |
| Shell PLC | View profile | 100,000 | Shell Centre, London, United Kingdom, SE1 7NA | www.shell.com |
| Sasol Ltd | View profile | 29,073 | 50 Katherine Street, Sasol Place, Sandton, Johannesburg, GT, South Africa, 2196 | www.sasol.com |
| British Petroleum | View profile | 10001+ | London, England, United Kingdom, Europe | www.bp.com |
| Sinopec Group | View profile | 10001+ | Beijing, Beijing, China, Asia | www.sinopecgroup.com/group/en/ |
| Renkert Oil | View profile | 11-50 | Morgantown, West Virginia, United States, North America | www.renkertoil.com |
| Sonneborn | View profile | 251-500 | Petrolia, Pennsylvania, United States, North America | sonneborn.com |
| Petro Canada Netherlands BV | View profile | - | The Hague, Zuid-Holland, The Netherlands, Europe | lubricants.petro-canada.com/en-nl |
| Xplora | View profile | 101-250 | Oslo, Oslo, Norway, Europe | www.xplora.com |
| Seojin System | View profile | 11-50 | Bucheon, Kyonggi-do, South Korea, Asia | www.seojinsystem.net |
U.S. Mineral Oil Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Mineral Oil Market Outlook will help companies and investors design strategic landscapes.
White Oil was the largest segment with a revenue share of 87.32% in 2024.
Horizon Databook has segmented the U.S. mineral oil market based on technical oil, white oil covering the revenue growth of each sub-segment from 2018 to 2030.
- U.S. Mineral Oil Market Grade Outlook (Revenue, USD Million , 2018-2030)
- Technical Oil
- White Oil
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. Mineral Oil Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Mineral Oil Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Mineral Oil Market, 2018-2030 (US$M)
US Grade - Mineral Oil Market Statistics, 2024 - 2030 (Kilotons)
