How big is the Brazil Commercial Vehicles Lubricants Market?

The Brazil Commercial Vehicles Lubricants Market size is expected to reach 410.93 million Liters in 2024 and grow at a CAGR of 3.37% to reach 439.12 million Liters by 2026. Read More

What is the current Brazil Commercial Vehicles Lubricants Market size?

In 2024, the Brazil Commercial Vehicles Lubricants Market size is expected to reach 410.93 million Liters. Read More

Who are the key players in Brazil Commercial Vehicles Lubricants Market?

ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Petronas Lubricants International and Royal Dutch Shell Plc are the major companies operating in the Brazil Commercial Vehicles Lubricants Market. Read More

Which segment has the biggest share in the Brazil Commercial Vehicles Lubricants Market?

In the Brazil Commercial 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 Brazil Commercial Vehicles Lubricants Market?

In 2024, the Hydraulic Fluids segment accounts for the fastest growing by product type in the Brazil Commercial Vehicles Lubricants Market. Read More

What years does this Brazil Commercial Vehicles Lubricants Market cover, and what was the market size in 2023?

In 2023, the Brazil Commercial Vehicles Lubricants Market size was estimated at 398.99 million Liters. The report covers the Brazil Commercial Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Commercial Vehicles Lubricants Market size for years: 2024, 2025 and 2026. Read More

Brazil Commercial Vehicles Lubricants Market Trends

Statistics for the 2023 & 2024 Brazil Commercial Vehicles Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Brazil Commercial 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 Brazil Commercial Vehicles Lubricants Industry

This section covers the major market trends shaping the Brazil Commercial 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 Brazil, commercial vehicle (CVs) constitutes the second-largest vehicle type in terms of automotive lubricant consumption. Post 2016, lubricant consumption in the CV sector increased, mainly due to the country's growing truck fleet.
The commercial vehicle lubricant consumption declined by almost 5.6% as the COVID-19 pandemic affected freight transportation in 2020. The engine oil segment accounted for a 68.2% share of CV lubricant consumption in 2020. A significant decline of 8.8% was observed in the overall consumption of greases in the CV sector during the year.
The grease segment is likely to be the fastest-growing segment with a CAGR of 4.75% 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.