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Brazil Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026

The Brazil Lubricants Market is segmented by End User (Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation) and by Product Type (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils).

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Brazil Lubricants Market Size

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Brazil Lubricants Market
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svg icon Study Period 2015 - 2026
svg icon Market Volume (2024) 1.58 Billion Liters
svg icon Market Volume (2026) 1.68 Billion Liters
svg icon Largest Share by End User Automotive
svg icon CAGR (2024 - 2026) 3.12 %
svg icon Fastest Growing by End User Automotive
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

Compare market size and growth of Brazil Lubricants Market with other markets in Chemicals & Materials Industry

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Brazil Lubricants Market Analysis

The Brazil Lubricants Market size is estimated at 1.58 Billion Liters in 2024, and is expected to reach 1.68 Billion Liters by 2026, growing at a CAGR of 3.12% during the forecast period (2024-2026).

  • Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment in Brazil owing to the large proportion of active vehicle fleet, production outputs, and high oil change frequencies.
  • Fastest Segment by End-user Industry - Automotive : Automotive is likely to be the fastest-growing end user in Brazil due to rising ownership of flex-fuel cars and motorcycles and availability of low-interest credit financing.
  • Largest Segment by Product Type - Engine Oils : Due to the high volume of engine oils and high replacement frequencies required to lubricate vehicle engines, engine oil is the most consumed product type in Brazil.
  • Fastest Segment by Product Type - Greases : Grease is necessary for the proper running of industrial machinery, and grease consumption is expected to rise even faster as the country's manufacturing industry grows.

Brazil Lubricants Market Trends

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

Largest Segment By End User : Automotive

  • In 2020, the automotive sector dominated the Brazilian lubricant market, which accounted for around 62.3% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive sector increased by around 9.5%.
  • In 2020, COVID-19 pandemic-related restrictions led to declined maintenance requirements from several sectors. The major impact was observed in the metallurgy and metalworking sector, which recorded a dip of 16.1% during 2019-2020, followed by automotive (7.7%) during the year.
  • Automotive is likely to be the fastest-growing end-user segment of the market studied and is expected to record a CAGR of 3.53% over 2021-2026, followed by heavy equipment (3%). The expanding vehicle population in the country is likely to drive the consumption of lubricants in the automotive sector.
Brazil Lubricants Market

Brazil Lubricants Industry Overview

The Brazil Lubricants Market is fairly consolidated, with the top five companies occupying 77.25%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, PETRONAS Lubricants International and Royal Dutch Shell PLC (sorted alphabetically).

Brazil Lubricants Market Leaders

  1. ExxonMobil Corporation

  2. Iconic Lubrificantes

  3. Petrobras

  4. PETRONAS Lubricants International

  5. Royal Dutch Shell PLC

*Disclaimer: Major Players sorted in no particular order

Brazil Lubricants Market
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Brazil Lubricants Market News

  • March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.
  • January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
  • January 2022: Effective January 21, 2022, Royal Dutch Shell plc changes its name to Shell plc.

Brazil Lubricants Market Report - Table of Contents

  1. 1. Executive Summary & Key Findings

  2. 2. Introduction

    1. 2.1. Study Assumptions & Market Definition

    2. 2.2. Scope of the Study

    3. 2.3. Research Methodology

  3. 3. Key Industry Trends

    1. 3.1. Automotive Industry Trends

    2. 3.2. Manufacturing Industry Trends

    3. 3.3. Power Generation Industry Trends

    4. 3.4. Regulatory Framework

    5. 3.5. Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1. By End User

      1. 4.1.1. Automotive

      2. 4.1.2. Heavy Equipment

      3. 4.1.3. Metallurgy & Metalworking

      4. 4.1.4. Power Generation

      5. 4.1.5. Other End-user Industries

    2. 4.2. By Product Type

      1. 4.2.1. Engine Oils

      2. 4.2.2. Greases

      3. 4.2.3. Hydraulic Fluids

      4. 4.2.4. Metalworking Fluids

      5. 4.2.5. Transmission & Gear Oils

      6. 4.2.6. Other Product Types

  5. 5. Competitive Landscape

    1. 5.1. Key Strategic Moves

    2. 5.2. Market Share Analysis

    3. 5.3. Company Profiles

      1. 5.3.1. Energis 8 Brasil

      2. 5.3.2. ExxonMobil Corporation

      3. 5.3.3. Iconic Lubrificantes

      4. 5.3.4. Ingrax Industria e Comercio de Graxas S/A

      5. 5.3.5. Lumax Lubrificantes

      6. 5.3.6. Marcio Benedito Vecchi EIRELI

      7. 5.3.7. Petrobras

      8. 5.3.8. PETRONAS Lubricants International

      9. 5.3.9. Royal Dutch Shell PLC

      10. 5.3.10. TotalEnergies

  6. 6. Appendix

    1. 6.1. Appendix-1 References

    2. 6.2. Appendix-2 List of Tables & Figures

  7. 7. Key Strategic Questions for Lubricants CEOs

List of Tables & Figures

  1. Figure 1:  
  2. VEHICLE POPULATION, NUMBER OF UNITS, BRAZIL, 2015 - 2026
  1. Figure 2:  
  2. COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, BRAZIL, 2015 - 2026
  1. Figure 3:  
  2. MOTORCYCLES POPULATION, NUMBER OF UNITS, BRAZIL, 2015 - 2026
  1. Figure 4:  
  2. PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, BRAZIL, 2015 - 2026
  1. Figure 5:  
  2. MANUFACTURING VALUE ADDED, USD BILLION (CURRENT VALUE), BRAZIL, 2015 - 2020
  1. Figure 6:  
  2. POWER GENERATION CAPACITY, GIGAWATT (GW), BRAZIL, 2015 - 2020
  1. Figure 7:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, BY END USER, 2015-2026
  1. Figure 8:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 9:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, AUTOMOTIVE, 2015-2026
  1. Figure 10:  
  2. BRAZIL LUBRICANTS MARKET, AUTOMOTIVE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 11:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, HEAVY EQUIPMENT, 2015-2026
  1. Figure 12:  
  2. BRAZIL LUBRICANTS MARKET, HEAVY EQUIPMENT, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 13:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, METALLURGY & METALWORKING, 2015-2026
  1. Figure 14:  
  2. BRAZIL LUBRICANTS MARKET, METALLURGY & METALWORKING, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 15:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, POWER GENERATION, 2015-2026
  1. Figure 16:  
  2. BRAZIL LUBRICANTS MARKET, POWER GENERATION, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 17:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, OTHER END-USER INDUSTRIES, 2015-2026
  1. Figure 18:  
  2. BRAZIL LUBRICANTS MARKET, OTHER END-USER INDUSTRIES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 19:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026
  1. Figure 20:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 21:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026
  1. Figure 22:  
  2. BRAZIL LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 23:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026
  1. Figure 24:  
  2. BRAZIL LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 25:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026
  1. Figure 26:  
  2. BRAZIL LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 27:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, METALWORKING FLUIDS, 2015-2026
  1. Figure 28:  
  2. BRAZIL LUBRICANTS MARKET, METALWORKING FLUIDS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 29:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION & GEAR OILS, 2015-2026
  1. Figure 30:  
  2. BRAZIL LUBRICANTS MARKET, TRANSMISSION & GEAR OILS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 31:  
  2. BRAZIL LUBRICANTS MARKET, VOLUME IN LITERS, OTHER PRODUCT TYPES, 2015-2026
  1. Figure 32:  
  2. BRAZIL LUBRICANTS MARKET, OTHER PRODUCT TYPES, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 33:  
  2. BRAZIL LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 34:  
  2. BRAZIL LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 35:  
  2. BRAZIL LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2020

Brazil Lubricants Industry Segmentation

By End User
Automotive
Heavy Equipment
Metallurgy & Metalworking
Power Generation
Other End-user Industries
By Product Type
Engine Oils
Greases
Hydraulic Fluids
Metalworking Fluids
Transmission & Gear Oils
Other Product Types
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Market Definition

  • Vehicle Types and Industrial Equipment - Automotive (Passenger Vehicles, Commercial Vehicles and Motorcycles), Power Generation, Heavy Equipment, Metallurgy & Metalworking and Other End-user Industries (Marine, Aviation etc.) are considered under the lubricants market.​
  • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission & gear oils, hydraulic fluids, metalworking fluids, and greases are taken into consideration.​
  • Service Refill - Service/maintenance refill is considered while accounting the lubricant consumption for each of the vehicle and equipment, under the study.​
  • Factory Fill - First lubricant fill-ups for newly produced vehicles and industrial equipment are considered under the study.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Brazil Lubricants Market Research FAQs

The Brazil Lubricants Market size is expected to reach 1.58 billion Liters in 2024 and grow at a CAGR of 3.12% to reach 1.68 billion Liters by 2026.

In 2024, the Brazil Lubricants Market size is expected to reach 1.58 billion Liters.

ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, PETRONAS Lubricants International and Royal Dutch Shell PLC are the major companies operating in the Brazil Lubricants Market.

In the Brazil Lubricants Market, the Automotive segment accounts for the largest share by end user.

In 2024, the Automotive segment accounts for the fastest growing by end user in the Brazil Lubricants Market.

In 2023, the Brazil Lubricants Market size was estimated at 1.53 billion Liters. The report covers the Brazil Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Lubricants Market size for years: 2024, 2025 and 2026.

Brazil Lubricants Industry Report

Statistics for the 2024 Brazil Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Lubricants analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Brazil Lubricants Market Report Snapshots

Brazil Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026