Brazil Passenger Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 423.95 Million Liters |
| Market Volume (2026) | 452.11 Million Liters |
| CAGR (2024 - 2026) | 3.27 % |
| Market Concentration | High |
Brazil Passenger Vehicles Lubricants Market Analysis
The Brazil Passenger Vehicles Lubricants Market size is estimated at 423.95 Million Liters in 2024, and is expected to reach 452.11 Million Liters by 2026, growing at a CAGR of 3.27% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is consumed in high quantities in Brazil's SUVs, and it is changed more frequently than other product types, making it the most popular product type in the country.
- Fastest Segment by Product Type - Hydraulic Fluids : With a predicted rise in maintenance rates in Brazil's PV segment during 2021-2026, demand for hydraulic fluids is expected to grow at a faster rate than other product types.
Brazil Passenger Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Brazil Passenger Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- In Brazil, passenger vehicles (PVs) are the largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, the PV lubricant consumption registered a CAGR of 2.02%, primarily owing to the surge in the car population in the country.
- In 2020, PVs accounted for about 44.2% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, with a share of around 76% during the year. During 2020, PV lubricant consumption declined by 9.6%, due to the low usage of the vehicle fleet post the COVID-19 outbreak.
- During 2021-2026, the hydraulic fluids segment is likely to be the fastest-growing lubricant type at a CAGR of 4.62%. This growth is likely to be driven by the rising sales of passenger cars and recovery in average distance traveled in the country.
Brazil Passenger Vehicles Lubricants Industry Overview
The Brazil Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 70.03%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, PETRONAS Lubricants International and Royal Dutch Shell Plc (sorted alphabetically).
Brazil Passenger Vehicles Lubricants Market Leaders
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ExxonMobil Corporation
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Iconic Lubrificantes
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Petrobras
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PETRONAS Lubricants International
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Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
Brazil Passenger Vehicles Lubricants Market News
- October 2021: Ipiranga stations in Brazil began offering Texaco lubricants, a brand long recommended by major automakers in Brazil and worldwide, over the whole network.
- June 2021: Ra铆zen signed an agreement with Shell to use the Shell trademark in the fuel distribution business and related activities for 13 years.
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
Brazil Passenger Vehicles Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3. Key Industry Trends
3.1 Automotive Industry Trends
3.2 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By Product Type
4.1.1 Engine Oils
4.1.2 Greases
4.1.3 Hydraulic Fluids
4.1.4 Transmission & Gear Oils
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP Plc (Castrol)
5.3.2 Energis 8 Brasil
5.3.3 ExxonMobil Corporation
5.3.4 Gulf Oil International
5.3.5 Iconic Lubrificantes
5.3.6 Lucheti Lubrificantes
5.3.7 Petrobras
5.3.8 PETRONAS Lubricants International
5.3.9 Royal Dutch Shell Plc
5.3.10 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Brazil Passenger Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Brazil Passenger Vehicles Lubricants Market Research FAQs
How big is the Brazil Passenger Vehicles Lubricants Market?
The Brazil Passenger Vehicles Lubricants Market size is expected to reach 423.95 million Liters in 2024 and grow at a CAGR of 3.27% to reach 452.11 million Liters by 2026.
What is the current Brazil Passenger Vehicles Lubricants Market size?
In 2024, the Brazil Passenger Vehicles Lubricants Market size is expected to reach 423.95 million Liters.
Who are the key players in Brazil Passenger Vehicles Lubricants Market?
ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, PETRONAS Lubricants International and Royal Dutch Shell Plc are the major companies operating in the Brazil Passenger Vehicles Lubricants Market.
Which segment has the biggest share in the Brazil Passenger Vehicles Lubricants Market?
In the Brazil Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Brazil Passenger Vehicles Lubricants Market?
In 2024, the Hydraulic Fluids segment accounts for the fastest growing by product type in the Brazil Passenger Vehicles Lubricants Market.
What years does this Brazil Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Brazil Passenger Vehicles Lubricants Market size was estimated at 411.73 million Liters. The report covers the Brazil Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Brazil Passenger Vehicles Lubricants Industry Report
Statistics for the 2024 Brazil Passenger Vehicles Lubricants market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Brazil Passenger Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
