Argentina Automotive Engine Oils Market Size

Statistics for the 2023 & 2024 Argentina Automotive Engine Oils market size, created by Mordor Intelligence™ Industry Reports. Argentina Automotive Engine Oils 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 Argentina Automotive Engine Oils Industry

market snapshot grapgh
Study Period 2015 - 2026
Base Year For Estimation 2020
Market Volume (2024) 150.32 Million Liters
Market Volume (2026) 161.68 Million Liters
CAGR (2024 - 2026) 3.71 %
Market Concentration High

Argentina Automotive Engine Oils Market Analysis

The Argentina Automotive Engine Oils Market size is estimated at 150.32 Million Liters in 2024, and is expected to reach 161.68 Million Liters by 2026, growing at a CAGR of 3.71% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Commercial Vehicles : Argentina's commercial vehicle (CV) sector consumes the most engine oil due to the high average engine oil capacity of heavy-duty trucks, pickup trucks, and buses.
  • Fastest Segment by Vehicle Type - Commercial Vehicles : Argentina's CV engine oil demand is expected to rise faster than other segments, owing to the government's tax exemption announcement that would boost the CV population.

Argentina Automotive Engine Oils Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026