Market Size of Brazil 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) | 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.
