Argentina Passenger Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 63.92 Million Liters |
| Market Volume (2026) | 67.17 Million Liters |
| CAGR (2024 - 2026) | 2.51 % |
| Market Concentration | High |
Argentina Passenger Vehicles Lubricants Market Analysis
The Argentina Passenger Vehicles Lubricants Market size is estimated at 63.92 Million Liters in 2024, and is expected to reach 67.17 Million Liters by 2026, growing at a CAGR of 2.51% during the forecast period (2024-2026).
- 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 - Hydraulic Fluids : With the predicted rise in maintenance rates in Argentina's PV segment in 2021-2026, the demand for hydraulic fluids is expected to grow faster among all product types.
Argentina Passenger Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Argentina Passenger Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- In Argentina, passenger vehicles (PVs) are the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, the PV lubricant consumption registered a CAGR of 2.17%, primarily owing to the surge in the car population in the country.
- In 2020, PVs accounted for about 36.5% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, with a share of around 82% during the year. During 2020, PV lubricant consumption declined by 15.07%, due to the low usage of the vehicle fleet post the COVID-19 outbreak.
- During 2021-2026, the hydraulic fluids segment is likely to be the fastest-growing lubricant type at a CAGR of 3.59%. This growth is likely to be driven by the rising sales of passenger cars and recovery in average distance traveled in the country.
Argentina Passenger Vehicles Lubricants Industry Overview
The Argentina Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 70.22%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, Royal Dutch Shell PLC, TotalEnergies and YPF (sorted alphabetically).
Argentina Passenger Vehicles Lubricants Market Leaders
-
BP PLC (Castrol)
-
ExxonMobil Corporation
-
Royal Dutch Shell PLC
-
TotalEnergies
-
YPF
*Disclaimer: Major Players sorted in no particular order
Argentina Passenger Vehicles Lubricants Market News
- 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.
- September 2021: Puma Energy expanded its business in Argentina with 400 locations in the country. The company sells its fuel and lubricant products through 400 fuel stations and 100 wholesale facilities.
- July 2021: Gulf Oil reached the 80 service station mark in Argentina through which it sells its lubricant products to its customers.
Argentina Passenger 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 YPF
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Argentina Passenger Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Argentina Passenger Vehicles Lubricants Market Research FAQs
How big is the Argentina Passenger Vehicles Lubricants Market?
The Argentina Passenger Vehicles Lubricants Market size is expected to reach 63.92 million Liters in 2024 and grow at a CAGR of 2.51% to reach 67.17 million Liters by 2026.
What is the current Argentina Passenger Vehicles Lubricants Market size?
In 2024, the Argentina Passenger Vehicles Lubricants Market size is expected to reach 63.92 million Liters.
Who are the key players in Argentina Passenger Vehicles Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, Royal Dutch Shell PLC, TotalEnergies and YPF are the major companies operating in the Argentina Passenger Vehicles Lubricants Market.
Which segment has the biggest share in the Argentina Passenger Vehicles Lubricants Market?
In the Argentina Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Argentina Passenger Vehicles Lubricants Market?
In 2024, the Hydraulic Fluids segment accounts for the fastest growing by product type in the Argentina Passenger Vehicles Lubricants Market.
What years does this Argentina Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Argentina Passenger Vehicles Lubricants Market size was estimated at 62.47 million Liters. The report covers the Argentina Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Argentina Passenger Vehicles Lubricants Industry Report
Statistics for the 2024 Argentina Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Passenger 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.
