The Brazil Lubricants Market is segmented by End User ( Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation ) and by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils )

Brazil Lubricants Market Size

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Study Period 2015 - 2026
Base Year For Estimation 2020
Market Volume (2024) 1.58 Billion Liters
Market Volume (2026) 1.68 Billion Liters
CAGR (2024 - 2026) 3.12 %
Market Concentration High

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Brazil Lubricants Market Analysis

The Brazil Lubricants Market size is estimated at 1.58 Billion Liters in 2024, and is expected to reach 1.68 Billion Liters by 2026, growing at a CAGR of 3.12% during the forecast period (2024-2026).

  • Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment in Brazil owing to the large proportion of active vehicle fleet, production outputs, and high oil change frequencies.
  • Fastest Segment by End-user Industry - Automotive : Automotive is likely to be the fastest-growing end user in Brazil due to rising ownership of flex-fuel cars and motorcycles and availability of low-interest credit financing.
  • Largest Segment by Product Type - Engine Oils : Due to the high volume of engine oils and high replacement frequencies required to lubricate vehicle engines, engine oil is the most consumed product type in Brazil.
  • Fastest Segment by Product Type - Greases : Grease is necessary for the proper running of industrial machinery, and grease consumption is expected to rise even faster as the country's manufacturing industry grows.

Brazil Lubricants Market Trends

This section covers the major market trends shaping the Brazil Lubricants Market according to our research experts:

Largest Segment By End User : <span style="font-family: 'regular_bold';color:#0e7db3;">Automotive</span>

  • 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 Industry Overview

The Brazil Lubricants Market is fairly consolidated, with the top five companies occupying 77.25%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, PETRONAS Lubricants International and Royal Dutch Shell PLC (sorted alphabetically).

Brazil Lubricants Market Leaders

  1. ExxonMobil Corporation

  2. Iconic Lubrificantes

  3. Petrobras

  4. PETRONAS Lubricants International

  5. Royal Dutch Shell PLC

*Disclaimer: Major Players sorted in no particular order

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Brazil Lubricants Market News

  • March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.
  • January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
  • January 2022: Effective January 21, 2022, Royal Dutch Shell plc changes its name to Shell plc.

Brazil Lubricants Market Report - Table of Contents

  1. 1. Executive Summary & Key Findings

  2. 2. Introduction

    1. 2.1 Study Assumptions & Market Definition

    2. 2.2 Scope of the Study

    3. 2.3 Research Methodology

  3. 3. Key Industry Trends

    1. 3.1 Automotive Industry Trends

    2. 3.2 Manufacturing Industry Trends

    3. 3.3 Power Generation Industry Trends

    4. 3.4 Regulatory Framework

    5. 3.5 Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1 By End User

      1. 4.1.1 Automotive

      2. 4.1.2 Heavy Equipment

      3. 4.1.3 Metallurgy & Metalworking

      4. 4.1.4 Power Generation

      5. 4.1.5 Other End-user Industries

    2. 4.2 By Product Type

      1. 4.2.1 Engine Oils

      2. 4.2.2 Greases

      3. 4.2.3 Hydraulic Fluids

      4. 4.2.4 Metalworking Fluids

      5. 4.2.5 Transmission & Gear Oils

      6. 4.2.6 Other Product Types

  5. 5. Competitive Landscape

    1. 5.1 Key Strategic Moves

    2. 5.2 Market Share Analysis

    3. 5.3 Company Profiles

      1. 5.3.1 Energis 8 Brasil

      2. 5.3.2 ExxonMobil Corporation

      3. 5.3.3 Iconic Lubrificantes

      4. 5.3.4 Ingrax Industria e Comercio de Graxas S/A

      5. 5.3.5 Lumax Lubrificantes

      6. 5.3.6 Marcio Benedito Vecchi EIRELI

      7. 5.3.7 Petrobras

      8. 5.3.8 PETRONAS Lubricants International

      9. 5.3.9 Royal Dutch Shell PLC

      10. 5.3.10 TotalEnergies

  6. 6. Appendix

    1. 6.1 Appendix-1 References

    2. 6.2 Appendix-2 List of Tables & Figures

  7. 7. Key Strategic Questions for Lubricants CEOs

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Brazil Lubricants Industry Segmentation

By End User
Heavy Equipment
Metallurgy & Metalworking
Power Generation
Other End-user Industries
By Product Type
Engine Oils
Hydraulic Fluids
Metalworking Fluids
Transmission & Gear Oils
Other Product Types
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Brazil Lubricants Market Research FAQs

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.

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

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

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

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

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.

Brazil Lubricants Industry Report

Statistics for the 2024 Brazil Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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