Argentina Automotive Lubricants Market Size

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

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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
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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 SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026