Brazil Automotive Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 4.08 % |
| Market Concentration | High |
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Brazil Automotive Lubricants Market Analysis
The Brazil Automotive Lubricants Market size is estimated at 0.96 Billion Liters in 2024, and is expected to reach 1.04 Billion Liters by 2026, growing at a CAGR of 4.08% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The flex-fuel passenger vehicles (PV) and rising travel rates post the pandemic are the key factors that make the PV segment Brazil's top consumer of automotive lubricants.
- Fastest Segment by Vehicle Type - Motorcycles : With the growing presence of premium motorcycles like Kawasaki and Suzuki, the consumption of lubricants from the sector has been growing faster than other vehicle segments.
- 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 : Demand for hydraulic fluids is likely to rise at a faster pace among all product types due to an expected increase in maintenance rates in Brazil starting in 2021.
Brazil Automotive Lubricants Market Trends
This section covers the major market trends shaping the Brazil Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>
- In Brazil, passenger vehicles (PV) accounted for the largest share of 54.9% of the total number of on-road vehicles in 2020, followed by motorcycles (MC) and commercial vehicles (CV), with a share of 27.5% and 17.5%, respectively.
- The PV segment accounted for the highest share of around 44.28% of the total automotive lubricant consumption in 2020, followed by CVs (43.29%) and MCs (12.43%), respectively. In 2020, the COVID-19 outbreak led to a notable dip in lubricant consumption, with PV lubricant consumption recording the highest dip of 9.62%, followed by MCs (8.1%) and CVs (5.6%).
- The motorcycle segment is projected to be the fastest-growing lubricant consumer, exhibiting a CAGR of 5.53% over 2021-2026. The growth is expected to be driven by the growing demand for high-end sports bikes and imported used bikes.
Brazil Automotive Lubricants Industry Overview
The Brazil Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 74.38%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, PETRONAS Lubricants International and Royal Dutch Shell Plc (sorted alphabetically).
Brazil Automotive 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 Automotive Lubricants Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- 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: Raízen signed an agreement with Shell to use the Shell trademark in the fuel distribution business and related activities for 13 years.
Brazil Automotive 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
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4.1 By Vehicle Type
- 4.1.1 Commercial Vehicles
- 4.1.2 Motorcycles
- 4.1.3 Passenger Vehicles
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4.2 By Product Type
- 4.2.1 Engine Oils
- 4.2.2 Greases
- 4.2.3 Hydraulic Fluids
- 4.2.4 Transmission & Gear Oils
5. Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
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5.3 Company Profiles
- 5.3.1 BP Plc (Castrol)
- 5.3.2 ExxonMobil Corporation
- 5.3.3 Iconic Lubrificantes
- 5.3.4 Ingrax Industria e Comercio de Graxas S/A
- 5.3.5 Marcio Benedito Vecchi EIRELI
- 5.3.6 Petrobras
- 5.3.7 PETRONAS Lubricants International
- 5.3.8 Royal Dutch Shell Plc
- 5.3.9 TotalEnergies
- 5.3.10 YPF
- *List Not Exhaustive
6. Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Brazil Automotive Lubricants Industry Segmentation
| By Vehicle Type | Commercial Vehicles |
| Motorcycles | |
| Passenger Vehicles | |
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Brazil Automotive Lubricants Market Research FAQs
How big is the Brazil Automotive Lubricants Market?
The Brazil Automotive Lubricants Market size is expected to reach 0.96 billion Liters in 2024 and grow at a CAGR of 4.08% to reach 1.04 billion Liters by 2026.
What is the current Brazil Automotive Lubricants Market size?
In 2024, the Brazil Automotive Lubricants Market size is expected to reach 0.96 billion Liters.
Who are the key players in Brazil Automotive Lubricants Market?
ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, PETRONAS Lubricants International and Royal Dutch Shell Plc are the major companies operating in the Brazil Automotive Lubricants Market.
Which segment has the biggest share in the Brazil Automotive Lubricants Market?
In the Brazil Automotive Lubricants Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Brazil Automotive Lubricants Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Brazil Automotive Lubricants Market.
What years does this Brazil Automotive Lubricants Market cover, and what was the market size in 2023?
In 2023, the Brazil Automotive Lubricants Market size was estimated at 933.99 million Liters. The report covers the Brazil Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Automotive Lubricants Market size for years: 2024, 2025 and 2026.
Brazil Automotive Lubricant Industry Report
Statistics for the 2024 Brazil Automotive Lubricant market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Automotive Lubricant analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
