South America Lubricants Market Size

Statistics for the 2023 & 2024 South America Lubricants market size, created by Mordor Intelligence™ Industry Reports. South America Lubricants size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of south america lubricants Industry

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South America Lubricants Market
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2015 - 2026
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Volume (2024) 2.72 Billion Liters
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Volume (2026) 2.89 Billion Liters
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Automotive
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2026) 3.08 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country Brazil

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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South America Lubricants Market Analysis

The South America Lubricants Market size is estimated at 2.72 Billion Liters in 2024, and is expected to reach 2.89 Billion Liters by 2026, growing at a CAGR of 3.08% during the forecast period (2024-2026).

  • Largest Segment by End-user Industry - Automotive : Due to the huge volume of lubricants used in motor vehicles compared to any other industrial application, automotive was the largest end user among all categories.
  • Fastest Segment by End-user Industry - Power Generation : Due to the rising regional demand for low-cost energy from natural-gas-fueled power plants, power generation is the fastest-growing end user of lubricants in South America.
  • Largest Country Market - Brazil : Brazil is the largest lubricant user in South America, with a higher number of motor vehicles, natural gas power plants, and industrial machinery than any other country.
  • Fastest Growing Country Market - Argentina : Argentina is the fastest-growing country in terms of lubricant usage among all South American countries due to expanding vehicle ownership and growing gas-fired power plants.

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