North America Mineral Oil Market to 2032
Overview
The North America Mineral Oil Market is expected to reach a 2.46 USD Billion by 2032 and is projected to grow at a CAGR of 6.63% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1.68
Forecast, 2032 (USD Billion)
2.46
CAGR, 2024 - 2032
6.63%
Report Coverage
North America
North America Mineral Oil Market 2018-2032 USD Billion
North America Mineral Oil Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.68 USD Billion
- Projected Market Size (2032): 2.46 USD Billion
- CAGR (2025-2032): 6.63%
Key Findings of North America Mineral Oil Market
- The North America Mineral Oil Market was valued at 1.68 USD Billion in 2024.
- The North America Mineral Oil Market is likely to grow at a CAGR of 6.63% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Pharmaceuticals in Application Segment accounted for the largest share of the market with a revenue of 1.68 USD Billion
- The fastest growing segment Lubricants in Application Segment grew Fastest with a CAGR of 7.56% during the forecast period from 2024 to 2032.
North America Mineral Oil Market Scope
North America Mineral Oil Market Segmentation & Scope
Class
- Naphthenic Oil1
- Aromatic Oil1
- Paraffinic Oil1
Application
- Coatings/Inks
- Adhesives
- Others
- Textile
- Packaging
- Polymers
- Agriculture
- Tires/Rubbers
- Electrical and Industrial
- Cosmetics & Personal Care
- Lubricants
- Pharmaceuticals
- Food Industry
Grade
- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
- Industrial Grade
North America Mineral Oil Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1.68 USD Billion |
| Market Value in 2032 | 2.46 USD Billion |
| CAGR (2025-2032) | 6.63% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Class,Application,Grade |
Regional Insights:
-
Leading Market (2024-2032): North America, leading in terms of revenue 1.68 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 1,370.56 USD Million in 2024.
Segments and Scope
-
North America Mineral Oil Market to 2032, By Class
- Paraffinic Oil1 is the largest segment in North America Mineral Oil Market to 2032 with a revenue of 1.17 USD Billion in the year 2024.
- Paraffinic Oil1 is the Fastest growing segment in North America Mineral Oil Market to 2032 with a Growth rate of 6.76 % in forecast period 2025-2032.
-
North America Mineral Oil Market to 2032, By Application
- Pharmaceuticals is the largest segment in North America Mineral Oil Market to 2032 with a revenue of 1.68 USD Billion in the year 2024.
- Lubricants is the Fastest growing segment in North America Mineral Oil Market to 2032 with a Growth rate of 6.63 % in forecast period 2025-2032.
-
North America Mineral Oil Market to 2032, By Grade
- Industrial Grade is the largest segment in North America Mineral Oil Market to 2032 with a revenue of 875.90 USD Billion in the year 2024.
- Industrial Grade is the Fastest growing segment in North America Mineral Oil Market to 2032 with a Growth rate of 6.93 % in forecast period 2025-2032.
North America Mineral Oil Market Company Share Analysis
North America Mineral Oil Market Geographical Sales Distribution, 2018-2032 USD Billion
North America Mineral Oil Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The North America Mineral Oil Market is segmented based on Segmentation Class,Application,Grade.
North America Mineral Oil Market was valued at USD 1.68(Revenue in USD Billion) in 2021.
North America Mineral Oil Market is projected to grow at a CAGR of 6.63% during the forecast period of 2024 to 2032.
The Pharmaceuticals segment is expected to dominate the North America Mineral Oil Market, holding a largest market share of 1.68 USD Billion in 2024
North America Mineral Oil Market Scope
North America Mineral Oil Market Segmentation & Scope
Class
- Naphthenic Oil1
- Aromatic Oil1
- Paraffinic Oil1
Application
- Coatings/Inks
- Adhesives
- Others
- Textile
- Packaging
- Polymers
- Agriculture
- Tires/Rubbers
- Electrical and Industrial
- Cosmetics & Personal Care
- Lubricants
- Pharmaceuticals
- Food Industry
Grade
- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
- Industrial Grade
Frequently Asked Questions
The North America Mineral Oil Market is segmented based on Segmentation Class,Application,Grade.
North America Mineral Oil Market was valued at USD 1.68(Revenue in USD Billion) in 2021.
North America Mineral Oil Market is projected to grow at a CAGR of 6.63% during the forecast period of 2024 to 2032.
The estimated market value of the North America Mineral Oil Market for final year is USD 2.46 (USD Billion).
North America Mineral Oil Market Company Profiling
Frequently Asked Questions
The North America Mineral Oil Market is segmented based on Segmentation Class,Application,Grade.
North America Mineral Oil Market was valued at USD 1.68(Revenue in USD Billion) in 2021.
North America Mineral Oil Market is projected to grow at a CAGR of 6.63% during the forecast period of 2024 to 2032.
The estimated market value of the North America Mineral Oil Market for final year is USD 2.46 (USD Billion).
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