How big is the Brazil Lubricants Market?

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. Read More

What is the current Brazil Lubricants Market size?

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

Who are the key players in Brazil Lubricants Market?

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

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

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

Which is the fastest growing segment in the Brazil Lubricants Market?

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

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

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. Read More

Brazil Lubricants Market Trends

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

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.