How big is the Mexico Lubricants Market?

The Mexico Lubricants Market size is expected to reach 723.69 million Liters in 2024 and grow at a CAGR of 2.85% to reach 765.51 million Liters by 2026. Read More

What is the current Mexico Lubricants Market size?

In 2024, the Mexico Lubricants Market size is expected to reach 723.69 million Liters. Read More

Who are the key players in Mexico Lubricants Market?

Bardahl, BP Plc (Castrol), ExxonMobil Corporation, Roshfrans and Royal Dutch Shell Plc are the major companies operating in the Mexico Lubricants Market. Read More

Which segment has the biggest share in the Mexico Lubricants Market?

In the Mexico Lubricants Market, the Automotive segment accounts for the largest share by end user. Read More

Which is the fastest growing segment in the Mexico Lubricants Market?

In 2024, the Power Generation segment accounts for the fastest growing by end user in the Mexico Lubricants Market. Read More

What years does this Mexico Lubricants Market cover, and what was the market size in 2023?

In 2023, the Mexico Lubricants Market size was estimated at 703.21 million Liters. The report covers the Mexico Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Lubricants Market size for years: 2024, 2025 and 2026. Read More

Mexico Lubricants Market Size

Statistics for the 2023 & 2024 Mexico Lubricants market size, created by Mordor Intelligence™ Industry Reports. Mexico 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 mexico lubricants Industry

	Study Period	2015 - 2026
	Market Volume (2024)	723.69 Million Liters
	Market Volume (2026)	765.51 Million Liters
	Largest Share by End User	Automotive
	CAGR (2024 - 2026)	2.85 %
	Fastest Growing by End User	Power Generation
Major Players

*Disclaimer: Major Players sorted in no particular order

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Mexico Lubricants Market Analysis

The Mexico Lubricants Market size is estimated at 723.69 Million Liters in 2024, and is expected to reach 765.51 Million Liters by 2026, growing at a CAGR of 2.85% during the forecast period (2024-2026).

Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment in Mexico, owing to the higher amount of engine oil, gear oil, and greases used in vehicles compared to industrial applications.
Fastest Segment by End-user Industry - Power Generation : Due to the increased use of natural gas reactors and wind turbines for electricity generation in Mexico, power generation is likely to be the fastest-growing end user.
Largest Segment by Product Type - Engine Oils : Owing to the high volume of engine oil and high replacement frequencies required to lubricate gasoline engines, engine oil is projected to be the most consumed product type.
Fastest Segment by Product Type - Transmission & Gear Oils : Transmission and gear oils are expected to grow at a faster rate than any other product segment, as Mexico sees a spike in the use of electric cars and wind turbines.