Brazil Passenger Vehicles Lubricants Market Trends

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

Market Trends of Brazil Passenger Vehicles Lubricants Industry

This section covers the major market trends shaping the Brazil Passenger 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, passenger vehicles (PVs) are the largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, the PV lubricant consumption registered a CAGR of 2.02%, primarily owing to the surge in the car population in the country.
  • In 2020, PVs accounted for about 44.2% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, with a share of around 76% during the year. During 2020, PV lubricant consumption declined by 9.6%, due to the low usage of the vehicle fleet post the COVID-19 outbreak.
  • During 2021-2026, the hydraulic fluids segment is likely to be the fastest-growing lubricant type at a CAGR of 4.62%. This growth is likely to be driven by the rising sales of passenger cars and recovery in average distance traveled in the country.
Brazil Passenger Vehicles Lubricants Market : Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

Brazil Passenger Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026