Argentina Automotive Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 184.35 Million Liters |
| Market Volume (2026) | 199.20 Million Liters |
| CAGR (2024 - 2026) | 3.95 % |
| Market Concentration | High |
Argentina Automotive Lubricants Market Analysis
The Argentina Automotive Lubricants Market size is estimated at 184.35 Million Liters in 2024, and is expected to reach 199.20 Million Liters by 2026, growing at a CAGR of 3.95% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : The country's commercial vehicle industry has the most significant lubricant consumption due to Argentina's high average lubricant volumes and the presence of older trucks.
- Fastest Segment by Vehicle Type - Commercial Vehicles : Argentina's CV lubricant demand is expected to rise faster than other segments due to the tax exemption announcement, which is likely to boost the CV population.
- Largest Segment by Product Type - Engine Oils : Engine oil is consumed in large quantities in cars in Argentina, and it is changed more frequently than other product types, making it the country's most popular product.
- Fastest Segment by Product Type - Greases : The predicted rebound in car and motorcycle sales, production, and imports in Argentina starting in 2021 is expected to boost grease consumption in the coming years.
Argentina Automotive Lubricants Market Trends
This section covers the major market trends shaping the Argentina Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : Commercial Vehicles
- In Argentina, passenger vehicles (PVs) accounted for the largest share of 54.9% in the total number of on-road vehicles in 2020, followed by motorcycles (MCs) and commercial vehicles (CVs), with a share of 27.5% and 17.5%, respectively.
- The CV segment accounted for the largest share of around 54% of the total automotive lubricant consumption in 2020, followed by the PV (36.5%) and MC (8.91%) segments, respectively. In 2020, the COVID-19 outbreak led to a notable dip in lubricants consumption, where PV lubricant consumption recorded the highest dip of 15.08%, followed by MC (11.51%) and CV (5.3%).
- The commercial vehicle segment is projected to be the fastest-growing lubricant consumer segment, exhibiting a CAGR of 4.66% over 2021-2026. The growth is expected to be driven by the growing demand for medium and heavy-duty trucks in the country.
Argentina Automotive Lubricants Industry Overview
The Argentina Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 70.65%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, Royal Dutch Shell PLC, TotalEnergies and YPF (sorted alphabetically).
Argentina Automotive Lubricants Market Leaders
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BP PLC (Castrol)
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ExxonMobil Corporation
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Royal Dutch Shell PLC
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TotalEnergies
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YPF
*Disclaimer: Major Players sorted in no particular order
Argentina Automotive Lubricants Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- November 2021: Puma Energy recently entered into a contract with Kia Argentina. Puma is expected to provide Kia with its lubricants and oils for the optimal maintenance of Kia vehicles.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
Argentina Automotive Lubricants Market Report - Table of Contents
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 Chevron Corporation
5.3.3 ExxonMobil Corporation
5.3.4 Gulf Oil International
5.3.5 PETRONAS Lubricants International
5.3.6 Puma Energy
5.3.7 Royal Dutch Shell PLC
5.3.8 TotalEnergies
5.3.9 Valvoline Inc.
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
Argentina Automotive Lubricants Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Argentina Automotive Lubricants Market Research FAQs
How big is the Argentina Automotive Lubricants Market?
The Argentina Automotive Lubricants Market size is expected to reach 184.35 million Liters in 2024 and grow at a CAGR of 3.95% to reach 199.20 million Liters by 2026.
What is the current Argentina Automotive Lubricants Market size?
In 2024, the Argentina Automotive Lubricants Market size is expected to reach 184.35 million Liters.
Who are the key players in Argentina Automotive Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, Royal Dutch Shell PLC, TotalEnergies and YPF are the major companies operating in the Argentina Automotive Lubricants Market.
Which segment has the biggest share in the Argentina Automotive Lubricants Market?
In the Argentina Automotive Lubricants Market, the Commercial Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Argentina Automotive Lubricants Market?
In 2024, the Commercial Vehicles segment accounts for the fastest growing by vehicle type in the Argentina Automotive Lubricants Market.
What years does this Argentina Automotive Lubricants Market cover, and what was the market size in 2023?
In 2023, the Argentina Automotive Lubricants Market size was estimated at 177.71 million Liters. The report covers the Argentina Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Automotive Lubricants Market size for years: 2024, 2025 and 2026.
Argentina Automotive Lubricants Industry Report
Statistics for the 2023 Argentina Automotive Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Automotive Lubricants analysis includes a market forecast outlook to 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
