Market Size of mexico lubricants Industry
| Icons | Lable | Value |
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Study Period | 2015 - 2026 |
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Market Volume (2024) | 723.69 Million Liters |
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Market Volume (2026) | 765.51 Million Liters |
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Largest Share by End User | Automotive |
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CAGR (2024 - 2026) | 2.85 % |
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Fastest Growing by End User | Power Generation |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Mexico Lubricants Market Analysis
The Mexico Lubricants Market size is estimated at 723.69 Million Liters in 2024, and is expected to reach 765.51 Million Liters by 2026, growing at a CAGR of 2.85% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment in Mexico, owing to the higher amount of engine oil, gear oil, and greases used in vehicles compared to industrial applications.
- Fastest Segment by End-user Industry - Power Generation : Due to the increased use of natural gas reactors and wind turbines for electricity generation in Mexico, power generation is likely to be the fastest-growing end user.
- Largest Segment by Product Type - Engine Oils : Owing to the high volume of engine oil and high replacement frequencies required to lubricate gasoline engines, engine oil is projected to be the most consumed product type.
- Fastest Segment by Product Type - Transmission & Gear Oils : Transmission and gear oils are expected to grow at a faster rate than any other product segment, as Mexico sees a spike in the use of electric cars and wind turbines.
