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Lubricant Oil Manufacturing in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON32419CA

Lubricant Oil Manufacturing in Ontario industry analysis

Revenue for the Lubricant Oil Manufacturing industry in Ontario 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 decreased an annualized -x.x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have increased an annualized x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow 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 decline -x.x% to xx locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to xxx 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 Ontario Market Research Report

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

Definition of the Lubricant Oil Manufacturing in Ontario?

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 Ontario?

The Lubricant Oil Manufacturing in Ontario 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 Ontario 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 Ontario

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

Lubricant Oil Manufacturing in Ontario

#2 in Highest Revenue 26.6% 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 Ontario

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

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON 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 Ontario

Access proprietary data on Census Metropolitan Area in the Lubricant Oil Manufacturing in Ontario, such as Toronto, Kitchener - Cambridge - Waterloo and Hamilton. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Lubricant Oil Manufacturing industry in Ontario

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 Ontario in 2025?

The market size of the Lubricant Oil Manufacturing industry in Ontario is $935.8m in 2025.

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

There are 25 businesses in the Lubricant Oil Manufacturing industry in Ontario, which has been declining at an average annual rate of -2.9% from 2020 to 2025.

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

The market size of the Lubricant Oil Manufacturing industry in Ontario has been growing at an average annual rate of 6.9% from 2020 to 2025.

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

There are 256 employees in the Lubricant Oil Manufacturing industry in Ontario, which has been growing at an average annual rate of 9.6% from 2020 to 2025.