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Brazil Automotive Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026

Publisher Mordor Intelligence Inc
Published Feb 17, 2024
Length 90 Pages
SKU # MOI18543618

Description

Brazil Automotive Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026


The Brazil Automotive Lubricants Market size is estimated at 0.96 Billion Liters in 2024, and is expected to reach 1.04 Billion Liters by 2026, growing at a CAGR of 4.08% during the forecast period (2024-2026).

Key Highlights

  • Largest Segment by Vehicle Type - Passenger Vehicles : The flex-fuel passenger vehicles (PV) and rising travel rates post the pandemic are the key factors that make the PV segment Brazil's top consumer of automotive lubricants.
  • Fastest Segment by Vehicle Type - Motorcycles : With the growing presence of premium motorcycles like Kawasaki and Suzuki, the consumption of lubricants from the sector has been growing faster than other vehicle segments.
  • Largest Segment by Product Type - Engine Oils : Engine oil is consumed in high quantities in Brazil's SUVs, and it is changed more frequently than other product types, making it the most popular product type in the country.
  • Fastest Segment by Product Type - Hydraulic Fluids : Demand for hydraulic fluids is likely to rise at a faster pace among all product types due to an expected increase in maintenance rates in Brazil starting in 2021.

Brazil Automotive Lubricants Market Trends

Largest Segment By Vehicle Type : Passenger Vehicles

  • In Brazil, passenger vehicles (PV) accounted for the largest share of 54.9% of the total number of on-road vehicles in 2020, followed by motorcycles (MC) and commercial vehicles (CV), with a share of 27.5% and 17.5%, respectively.
  • The PV segment accounted for the highest share of around 44.28% of the total automotive lubricant consumption in 2020, followed by CVs (43.29%) and MCs (12.43%), respectively. In 2020, the COVID-19 outbreak led to a notable dip in lubricant consumption, with PV lubricant consumption recording the highest dip of 9.62%, followed by MCs (8.1%) and CVs (5.6%).
  • The motorcycle segment is projected to be the fastest-growing lubricant consumer, exhibiting a CAGR of 5.53% over 2021-2026. The growth is expected to be driven by the growing demand for high-end sports bikes and imported used bikes.

Brazil Automotive Lubricants Industry Overview

The Brazil Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 74.38%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, PETRONAS Lubricants International and Royal Dutch Shell Plc (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Please note: The report will take approximately 2 business days to prepare and deliver.

Table of Contents

90 Pages
1 Executive Summary & Key Findings
2 Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3 Key Industry Trends
3.1 Automotive Industry Trends
3.2 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4 Market Segmentation
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Transmission & Gear Oils
5 Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP Plc (Castrol)
5.3.2 ExxonMobil Corporation
5.3.3 Iconic Lubrificantes
5.3.4 Ingrax Industria e Comercio de Graxas S/A
5.3.5 Marcio Benedito Vecchi EIRELI
5.3.6 Petrobras
5.3.7 PETRONAS Lubricants International
5.3.8 Royal Dutch Shell Plc
5.3.9 TotalEnergies
5.3.10 YPF
6 Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7 Key Strategic Questions for Lubricants CEOs

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