Brazil Commercial Vehicles 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) | 3.37 % |
| Market Concentration | High |
Brazil Commercial Vehicles Lubricants Market Analysis
The Brazil Commercial Vehicles Lubricants Market size is estimated at 410.93 Million Liters in 2024, and is expected to reach 439.12 Million Liters by 2026, growing at a CAGR of 3.37% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Used trucks, buses, and pickup trucks consume large amounts of engine oil and have a high yearly oil change frequency, making it the most popular product type in the country.
- Fastest Segment by Product Type - Hydraulic Fluids : Hydraulic fluid demand is forecast to grow faster than all other product types in Brazil's CV segment between 2021-2026, owing to a predicted rise in maintenance rates.
Brazil Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Brazil Commercial Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>
- In Brazil, commercial vehicle (CVs) constitutes the second-largest vehicle type in terms of automotive lubricant consumption. Post 2016, lubricant consumption in the CV sector increased, mainly due to the country's growing truck fleet.
- The commercial vehicle lubricant consumption declined by almost 5.6% as the COVID-19 pandemic affected freight transportation in 2020. The engine oil segment accounted for a 68.2% share of CV lubricant consumption in 2020. A significant decline of 8.8% was observed in the overall consumption of greases in the CV sector during the year.
- The grease segment is likely to be the fastest-growing segment with a CAGR of 4.75% during 2021-2026. The recovery in production and sales of commercial vehicles is likely to drive the consumption of greases during the first half of the forecast period.
Brazil Commercial Vehicles Lubricants Industry Overview
The Brazil Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 82.06%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Petronas Lubricants International and Royal Dutch Shell Plc (sorted alphabetically).
Brazil Commercial 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 Commercial Vehicles 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 Commercial 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
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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
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5.3 Company Profiles
- 5.3.1 ExxonMobil Corporation
- 5.3.2 Gulf Oil International
- 5.3.3 Iconic Lubrificantes
- 5.3.4 Lucheti Lubrificantes
- 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
** Subject To AvailablityBrazil Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Brazil Commercial Vehicles Lubricants Market Research FAQs
How big is the Brazil Commercial Vehicles Lubricants Market?
The Brazil Commercial Vehicles Lubricants Market size is expected to reach 410.93 million Liters in 2024 and grow at a CAGR of 3.37% to reach 439.12 million Liters by 2026.
What is the current Brazil Commercial Vehicles Lubricants Market size?
In 2024, the Brazil Commercial Vehicles Lubricants Market size is expected to reach 410.93 million Liters.
Who are the key players in Brazil Commercial Vehicles Lubricants Market?
ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Petronas Lubricants International and Royal Dutch Shell Plc are the major companies operating in the Brazil Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Brazil Commercial Vehicles Lubricants Market?
In the Brazil Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Brazil Commercial Vehicles Lubricants Market?
In 2024, the Hydraulic Fluids segment accounts for the fastest growing by product type in the Brazil Commercial Vehicles Lubricants Market.
What years does this Brazil Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Brazil Commercial Vehicles Lubricants Market size was estimated at 398.99 million Liters. The report covers the Brazil Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Brazil Commercial Vehicles Lubricants Industry Report
Statistics for the 2023 Brazil Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Commercial Vehicles Lubricants analysis includes a market forecast outlook to 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
