Brazil Automotive Engine Oils Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 720.95 Million Liters |
| Market Volume (2026) | 770.23 Million Liters |
| CAGR (2024 - 2026) | 3.36 % |
| Market Concentration | High |
Brazil Automotive Engine Oils Market Analysis
The Brazil Automotive Engine Oils Market size is estimated at 720.95 Million Liters in 2024, and is expected to reach 770.23 Million Liters by 2026, growing at a CAGR of 3.36% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The presence of flex-fuel passenger vehicles and rising travel rates post the pandemic are the key factors that make the PV segment Brazil's top consumer of engine oils.
- Fastest Segment by Vehicle Type - Motorcycles : Motorcycle oil consumption is increasing at a faster rate than other vehicle segments due to the increased presence of premium motorcycles from Kawasaki, Suzuki, and Triumph.
Brazil Automotive Engine Oils Market Trends
This section covers the major market trends shaping the Brazil Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- In Brazil, engine oils accounted for about 75.5% of automotive lubricants in 2020. During 2015-2019, engine oil consumption increased at a CAGR of 2.4%. The growing active vehicle fleet and increasing service needs in the country were the key drivers for this trend.
- In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to an 8.16% dip in engine oil consumption. The passenger vehicle (PV) segment recorded the largest decline of 9.18% in engine oil consumption during the year.
- During 2021-2026, the motorcycle segment is expected to register the highest growth of about 5.56% in engine oil consumption, followed by the PV segment (3.05%). The growth is likely to be driven by the increasing demand for mopeds and motorcycles in the country over the next five years.
Brazil Automotive Engine Oils Industry Overview
The Brazil Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 73.64%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Petronas Lubricants International and Royal Dutch Shell Plc (sorted alphabetically).
Brazil Automotive Engine Oils Market Leaders
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ExxonMobil Corporation
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Iconic Lubrificantes
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Petrobras
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Petronas Lubricants International
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Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
Brazil Automotive Engine Oils 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.
- October 2021: Ipiranga stations in Brazil began offering Texaco lubricants, a brand long recommended by major automakers in Brazil and worldwide, over the whole network.
- June 2021: Raízen signed an agreement with Shell to use the Shell trademark in the fuel distribution business and related activities for 13 years.
Brazil Automotive Engine Oils 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 Grade
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Energis 8 Brasil
5.3.2 ExxonMobil Corporation
5.3.3 Gulf Oil International
5.3.4 Iconic Lubrificantes
5.3.5 Lucheti Lubrificantes
5.3.6 Lumax Lubrificantes
5.3.7 Petrobras
5.3.8 Petronas Lubricants International
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
Brazil Automotive Engine Oils Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
Brazil Automotive Engine Oils Market Research FAQs
How big is the Brazil Automotive Engine Oils Market?
The Brazil Automotive Engine Oils Market size is expected to reach 720.95 million Liters in 2024 and grow at a CAGR of 3.36% to reach 770.23 million Liters by 2026.
What is the current Brazil Automotive Engine Oils Market size?
In 2024, the Brazil Automotive Engine Oils Market size is expected to reach 720.95 million Liters.
Who are the key players in Brazil Automotive Engine Oils Market?
ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Petronas Lubricants International and Royal Dutch Shell Plc are the major companies operating in the Brazil Automotive Engine Oils Market.
Which segment has the biggest share in the Brazil Automotive Engine Oils Market?
In the Brazil Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Brazil Automotive Engine Oils Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Brazil Automotive Engine Oils Market.
What years does this Brazil Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the Brazil Automotive Engine Oils Market size was estimated at 700.35 million Liters. The report covers the Brazil Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
Brazil Automotive Engine Oils Industry Report
Statistics for the 2024 Brazil Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Automotive Engine Oils analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Brazil Automotive Engine Oils Market Report Snapshots
