Brazil Commercial Vehicles Lubricants Market Analysis by Mordor Intelligence
The Brazil Commercial Vehicles Lubricants Market size is estimated at 424.78 million liters in 2025, and is expected to reach 501.34 million liters by 2030, at a CAGR of 3.37% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : Used trucks, buses, and pickup trucks consume large amounts of engine oil and have a high yearly oil change frequency, making it the most popular product type in the country.
- Fastest Segment by Product Type - Hydraulic Fluids : Hydraulic fluid demand is forecast to grow faster than all other product types in Brazil's CV segment between 2021-2026, owing to a predicted rise in maintenance rates.
Brazil Commercial Vehicles Lubricants Market Trends and Insights
Largest Segment By Product Type : Engine Oils
- In Brazil, commercial vehicle (CVs) constitutes the second-largest vehicle type in terms of automotive lubricant consumption. Post 2016, lubricant consumption in the CV sector increased, mainly due to the country's growing truck fleet.
- The commercial vehicle lubricant consumption declined by almost 5.6% as the COVID-19 pandemic affected freight transportation in 2020. The engine oil segment accounted for a 68.2% share of CV lubricant consumption in 2020. A significant decline of 8.8% was observed in the overall consumption of greases in the CV sector during the year.
- The grease segment is likely to be the fastest-growing segment with a CAGR of 4.75% during 2021-2026. The recovery in production and sales of commercial vehicles is likely to drive the consumption of greases during the first half of the forecast period.
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Competitive Landscape
The Brazil Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 82.06%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Petronas Lubricants International and Royal Dutch Shell Plc (sorted alphabetically).
Brazil Commercial Vehicles Lubricants Industry Leaders
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ExxonMobil Corporation
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Iconic Lubrificantes
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Petrobras
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Petronas Lubricants International
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Royal Dutch Shell Plc
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- October 2021: Ipiranga stations in Brazil began offering Texaco lubricants, a brand long recommended by major automakers in Brazil and worldwide, over the whole network.
- June 2021: Raízen signed an agreement with Shell to use the Shell trademark in the fuel distribution business and related activities for 13 years.
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Brazil Commercial Vehicles Lubricants Market Report Scope
By Product Type
| Engine Oils |
| Greases |
| Hydraulic Fluids |
| Transmission & Gear Oils |
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
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Key Questions Answered in the Report
How big is the Brazil Commercial Vehicles Lubricants Market?
The Brazil Commercial Vehicles Lubricants Market size is expected to reach 424.78 million Liters in 2025 and grow at a CAGR of 3.37% to reach 501.34 million Liters by 2030.
What is the current Brazil Commercial Vehicles Lubricants Market size?
In 2025, the Brazil Commercial Vehicles Lubricants Market size is expected to reach 424.78 million Liters.
Who are the key players in Brazil Commercial Vehicles Lubricants Market?
ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Petronas Lubricants International and Royal Dutch Shell Plc are the major companies operating in the Brazil Commercial Vehicles Lubricants Market.
What years does this Brazil Commercial Vehicles Lubricants Market cover, and what was the market size in 2024?
In 2024, the Brazil Commercial Vehicles Lubricants Market size was estimated at 410.46 million Liters. The report covers the Brazil Commercial Vehicles Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Brazil Commercial Vehicles Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Brazil Commercial Vehicles Lubricants Market Report
Statistics for the 2025 Brazil Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Commercial Vehicles Lubricants analysis includes a market forecast outlook for 2025 to 2030) and historical overview. Get a sample of this industry analysis as a free report PDF download.
