Statistics for the 2023 & 2024 Brazil Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Brazil Lubricants trend report includes a market forecast to 2030 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.
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
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