| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Volume (2025) | 2.80 Billion Liters |
| Market Volume (2030) | 3.26 Billion Liters |
| CAGR (2025 - 2030) | 3.08 % |
| Market Concentration | High |
South America Lubricants Market Analysis
The South America Lubricants Market size is estimated at 2.80 billion liters in 2025, and is expected to reach 3.26 billion liters by 2030, at a CAGR of 3.08% during the forecast period (2025-2030).
- Largest Segment by End-user Industry - Automotive : Due to the huge volume of lubricants used in motor vehicles compared to any other industrial application, automotive was the largest end user among all categories.
- Fastest Segment by End-user Industry - Power Generation : Due to the rising regional demand for low-cost energy from natural-gas-fueled power plants, power generation is the fastest-growing end user of lubricants in South America.
- Largest Country Market - Brazil : Brazil is the largest lubricant user in South America, with a higher number of motor vehicles, natural gas power plants, and industrial machinery than any other country.
- Fastest Growing Country Market - Argentina : Argentina is the fastest-growing country in terms of lubricant usage among all South American countries due to expanding vehicle ownership and growing gas-fired power plants.
South America Lubricants Market Trends
Largest Segment By End User : Automotive
- In 2020, the South American lubricants market was dominated by the automotive industry, which accounted for around 60.7% of the total lubricant consumption in the region. During 2015-2019, lubricant consumption in the automotive industry increased by around 8.2%.
- In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the metallurgy and metalworking industry, which recorded a dip of 11.99%, followed by automotive (7.36%), during the year.
- Power generation is likely to be the fastest-growing end-user industry of the market studied, with a CAGR of 3.53% during 2021-2026, followed by automotive (3.20%). The increasing vehicle population in the region is likely to drive the consumption of lubricants in the automotive industry in the coming years.
Understand The Key Trends Shaping This Market
Download PDF
Largest Country : Brazil
- In 2020, Brazil was the leading consumer of lubricants in South America, accounting for over 57% of the total lubricant consumption. During 2015-2019, lubricant consumption in Brazil increased by around 8.2%.
- In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the metallurgy and metalworking industry, which recorded an 11.99% dip in its lubricant consumption during 2019-2020, followed by automotive (7.36%).
- Argentina will likely be the fastest-growing lubricant market during 2021-2026, at a CAGR of 3.8%, followed by Brazil (3.5%). The expected recovery in automotive production and sales in Argentina is likely to drive the growth of lubricant consumption in the future.
Get Analysis on Important Geographic Markets
Download PDF
South America Lubricants Industry Overview
The South America Lubricants Market is moderately consolidated, with the top five companies occupying 58.57%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Royal Dutch Shell Plc and Terpel (sorted alphabetically).
South America Lubricants Market Leaders
-
ExxonMobil Corporation
-
Iconic Lubrificantes
-
Petrobras
-
Royal Dutch Shell Plc
-
Terpel
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competiters?
Download PDF
South America Lubricants Market News
- March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- January 2022: Effective January 21, 2022, Royal Dutch Shell plc changes its name to Shell plc.
South America Lubricants Industry Segmentation
| By End User | Automotive |
| Heavy Equipment | |
| Metallurgy & Metalworking | |
| Power Generation | |
| Other End-user Industries | |
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Metalworking Fluids | |
| Transmission & Gear Oils | |
| Other Product Types | |
| By Country | Argentina |
| Brazil | |
| Rest of South America |
Need A Different Region or Segment?
Customize Now
South America Lubricants Market Research FAQs
How big is the South America Lubricants Market?
The South America Lubricants Market size is expected to reach 2.80 billion Liters in 2025 and grow at a CAGR of 3.08% to reach 3.26 billion Liters by 2030.
What is the current South America Lubricants Market size?
In 2025, the South America Lubricants Market size is expected to reach 2.80 billion Liters.
Who are the key players in South America Lubricants Market?
ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Royal Dutch Shell Plc and Terpel are the major companies operating in the South America Lubricants Market.
What years does this South America Lubricants Market cover, and what was the market size in 2024?
In 2024, the South America Lubricants Market size was estimated at 2.71 billion Liters. The report covers the South America Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
South America Lubricants Industry Report
Statistics for the 2025 South America Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Lubricants analysis includes a market forecast outlook for 2025 to 2030) and historical overview. Get a sample of this industry analysis as a free report PDF download.
