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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

Argentina Passenger Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 Argentina Passenger Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Argentina Passenger Vehicles Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Argentina Passenger Vehicles Lubricants Industry

This section covers the major market trends shaping the Argentina Passenger Vehicles Lubricants Market according to our research experts:

Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>

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.