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Lubricant Oil Manufacturing in Newfoundland

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NL32419CA

Lubricant Oil Manufacturing in Newfoundland industry analysis

Revenue for the Lubricant Oil Manufacturing industry in Newfoundland And Labrador is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to x locations over the past five years. Industry employment has decreased an annualized -x.x% to xx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized -x.x% to $x.x million, while revenue for the national industry will likely decline -x.x%. The number of industry establishments is forecast to stagnate x% to x locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to xx workers during the outlook period, while industry wages likely decrease -x% to $x.x million.

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About the Lubricant Oil Manufacturing in Newfoundland Market Research Report

What’s Included in the Lubricant Oil Manufacturing in Newfoundland Market Research Report

Definition of the Lubricant Oil Manufacturing in Newfoundland?

This industry manufactures petroleum products (except for asphalt paving, roofing and saturated materials) such as blended motor oils, brake fluids, lubricating greases and other oil-based additives. Key buyers include downstream automobile manufacturers, wholesalers and automotive retail chains.

What’s included in the Lubricant Oil Manufacturing in Newfoundland?

The Lubricant Oil Manufacturing in Newfoundland includes manufacturing lubricating oils and greases made from refined petroleum, manufacturing brake fluids made from refined petroleum, manufacturing petroleum jelly made from refined petroleum, manufacturing petroleum waxes made from refined petroleum and re-refining used petroleum lubricating oils. Related terms covered in the Lubricant Oil Manufacturing in Newfoundland industry report includes a substance, such as grease or oil, that reduces friction when applied as a surface coating to moving parts, a thick oil used to lubricate machinery and a substance created in the laboratory with crude oil products that has similar properties to conventional lubricant oil.

Industry Performance of the Lubricant Oil Manufacturing industry in Newfoundland

Benchmark the Lubricant Oil Manufacturing in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Lubricant Oil Manufacturing in Newfoundland

#7 in Highest Revenue 1% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Lubricant Oil Manufacturing in Canada


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Lubricant Oil Manufacturing industry in Newfoundland

See how key industry drivers, such as median houshold income, private investment in non-residential construction, gross domestic product, world price of crude oil, per capita disposable income and industrial capacity utilization are impacting Lubricant Oil Manufacturing in Newfoundland

Newfoundland Economic Indicators

Median Houshold Income
Private Investment in Non-Residential Construction
Gross Domestic Product

View more economic information in NL State Economic profile

Canada Key External Drivers

World price of crude oil
Per capita disposable income
Industrial capacity utilization

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Lubricant Oil Manufacturing industry in Newfoundland

Key Statistics of the Lubricant Oil Manufacturing industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Lubricant Oil Manufacturing industry in Newfoundland in 2025?

The market size of the Lubricant Oil Manufacturing industry in Newfoundland is $34.2m in 2025.

How many businesses are there in the Lubricant Oil Manufacturing industry in Newfoundland in 2025?

There are 2 businesses in the Lubricant Oil Manufacturing industry in Newfoundland, which has been growing at an average annual rate of 14.9% from 2020 to 2025.

Has the Lubricant Oil Manufacturing industry in Newfoundland grown or declined over the past 5 years?

The market size of the Lubricant Oil Manufacturing industry in Newfoundland has been growing at an average annual rate of 7.4% from 2020 to 2025.

How many employees in the Lubricant Oil Manufacturing industry in Newfoundland in 2025?

There are 13 employees in the Lubricant Oil Manufacturing industry in Newfoundland, which has been declining at an average annual rate of -4.1% from 2020 to 2025.