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Brazil Passenger Vehicles Lubricants Market Size

Statistics for the 2023 & 2024 Brazil Passenger Vehicles Lubricants market size, created by Mordor Intelligence™ Industry Reports. Brazil Passenger Vehicles Lubricants size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Brazil Passenger Vehicles Lubricants Industry

Brazil Passenger Vehicles Lubricants Market Summary
Study Period 2015 - 2026
Base Year For Estimation 2020
Forecast Data Period 2024 - 2026
Historical Data Period 2015 - 2019
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 SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026