Market Size of Argentina Automotive Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 3.95 % |
| Market Concentration | High |
Argentina Automotive Lubricants Market Analysis
The Argentina Automotive Lubricants Market size is estimated at 184.35 Million Liters in 2024, and is expected to reach 199.20 Million Liters by 2026, growing at a CAGR of 3.95% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : The country's commercial vehicle industry has the most significant lubricant consumption due to Argentina's high average lubricant volumes and the presence of older trucks.
- Fastest Segment by Vehicle Type - Commercial Vehicles : Argentina's CV lubricant demand is expected to rise faster than other segments due to the tax exemption announcement, which is likely to boost the CV population.
- Largest Segment by Product Type - Engine Oils : Engine oil is consumed in large quantities in cars in Argentina, and it is changed more frequently than other product types, making it the country's most popular product.
- Fastest Segment by Product Type - Greases : The predicted rebound in car and motorcycle sales, production, and imports in Argentina starting in 2021 is expected to boost grease consumption in the coming years.
