Market Size of South America Passenger Vehicles Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 2.81 % |
| Market Concentration | High |
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South America Passenger Vehicles Lubricants Market Analysis
The South America Passenger Vehicles Lubricants Market size is estimated at 642.29 Million Liters in 2024, and is expected to reach 678.94 Million Liters by 2026, growing at a CAGR of 2.81% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type in South America due to high volume requirements and shorter drain intervals as it has high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Greases : The increasing production of motor vehicles in South America, combined with the recovering annual travel rates, is likely to boost the demand for greases in the coming years.
- Largest Country Market - Brazil : Brazil has the highest proportion of passenger cars among all South American countries, making it the largest consumer of passenger vehicle lubricants in the region.
- Fastest Growing Country Market - Colombia : The presence of an older passenger vehicle fleet and the potential expansion in new vehicle sales are likely to augment the Colombian passenger vehicle lubricants market.
