How big is the South America Lubricants Market?

The South America Lubricants Market size is expected to reach 2.72 billion Liters in 2024 and grow at a CAGR of 3.08% to reach 2.89 billion Liters by 2026. Read More

What is the current South America Lubricants Market size?

In 2024, the South America Lubricants Market size is expected to reach 2.72 billion Liters. Read More

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. Read More

Which segment has the biggest share in the South America Lubricants Market?

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

Which country has the biggest share in the South America Lubricants Market?

In 2024, Brazil accounts for the largest share by country in the South America Lubricants Market. Read More

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

In 2023, the South America Lubricants Market size was estimated at 2.64 billion Liters. The report covers the South America Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Lubricants Market size for years: 2024, 2025 and 2026. Read More

South America Lubricants Market Size

Statistics for the 2023 & 2024 South America Lubricants market size, created by Mordor Intelligence™ Industry Reports. South America 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 south america lubricants Industry

	Study Period	2015 - 2026
	Market Volume (2024)	2.72 Billion Liters
	Market Volume (2026)	2.89 Billion Liters
	Largest Share by End User	Automotive
	CAGR (2024 - 2026)	3.08 %
	Largest Share by Country	Brazil
Major Players

*Disclaimer: Major Players sorted in no particular order

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South America Lubricants Market Analysis

The South America Lubricants Market size is estimated at 2.72 Billion Liters in 2024, and is expected to reach 2.89 Billion Liters by 2026, growing at a CAGR of 3.08% during the forecast period (2024-2026).

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.