Argentina Commercial Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 103.67 Million Liters |
| Market Volume (2026) | 113.91 Million Liters |
| CAGR (2024 - 2026) | 4.82 % |
| Market Concentration | High |
Argentina Commercial Vehicles Lubricants Market Analysis
The Argentina Commercial Vehicles Lubricants Market size is estimated at 103.67 Million Liters in 2024, and is expected to reach 113.91 Million Liters by 2026, growing at a CAGR of 4.82% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the most popular product category in the country due to the high volume requirements of used trucks, buses, and pickup trucks and yearly oil change frequencies.
- Fastest Segment by Product Type - Greases : In Argentina, the projected rebound in commercial vehicle production and sales beginning in 2021 is expected to increase greases' consumption for the next few years.
Argentina Commercial Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Argentina Commercial Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- In Argentina, commercial vehicles (CVs) form the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, lubricant consumption in the CV sector increased at a CAGR of around 2.47%, majorly due to the growing truck fleet in the country.
- The commercial vehicle lubricant consumption declined by almost 5.3% as COVID-19 affected freight transportation in 2020. The engine oil segment accounted for around 81.03% share in CV lubricant consumption in 2020. A major decline of 9.71% was observed in the consumption of transmission oils in the CV segment during 2020.
- The grease segment is likely to be the fastest-growing segment, with a CAGR of 6.59% during 2021-2026. The recovery in production and sales of commercial vehicles is likely to drive the consumption of greases during the first half of the forecast period.
Argentina Commercial Vehicles Lubricants Industry Overview
The Argentina Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 70.38%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, Royal Dutch Shell PLC, TotalEnergies and YPF (sorted alphabetically).
Argentina Commercial Vehicles 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 Commercial Vehicles 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 Commercial Vehicles 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 Product Type
4.1.1 Engine Oils
4.1.2 Greases
4.1.3 Hydraulic Fluids
4.1.4 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 Fercol Lubricantes
5.3.5 Gulf Oil International
5.3.6 Petrobras
5.3.7 Petronas Lubricants International
5.3.8 Puma Energy
5.3.9 Royal Dutch Shell PLC
5.3.10 TotalEnergies
5.3.11 Valvoline Inc.
5.3.12 YPF
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Argentina Commercial Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Argentina Commercial Vehicles Lubricants Market Research FAQs
How big is the Argentina Commercial Vehicles Lubricants Market?
The Argentina Commercial Vehicles Lubricants Market size is expected to reach 103.67 million Liters in 2024 and grow at a CAGR of 4.82% to reach 113.91 million Liters by 2026.
What is the current Argentina Commercial Vehicles Lubricants Market size?
In 2024, the Argentina Commercial Vehicles Lubricants Market size is expected to reach 103.67 million Liters.
Who are the key players in Argentina Commercial Vehicles Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, Royal Dutch Shell PLC, TotalEnergies and YPF are the major companies operating in the Argentina Commercial Vehicles Lubricants Market.
Which segment has the biggest share in the Argentina Commercial Vehicles Lubricants Market?
In the Argentina Commercial Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Argentina Commercial Vehicles Lubricants Market?
In 2024, the Greases segment accounts for the fastest growing by product type in the Argentina Commercial Vehicles Lubricants Market.
What years does this Argentina Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Argentina Commercial Vehicles Lubricants Market size was estimated at 99.12 million Liters. The report covers the Argentina Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Argentina Commercial Vehicles Lubricants Industry Report
Statistics for the 2024 Argentina Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Commercial Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
