South America Automotive Lubricants Market Analysis by Mordor Intelligence
The South America Automotive Lubricants Market size is estimated at 1.66 billion liters in 2025, and is expected to reach 1.96 billion liters by 2030, at a CAGR of 3.36% during the forecast period (2025-2030).
- Largest Segment by Vehicle Type - Commercial Vehicles : South America has a large number of pick-up trucks used for freight transportation. The region's aging CV fleet has been driving the need for lubricants during service.
- Fastest Segment by Vehicle Type - Motorcycles : Post-COVID-19, there has been an increase in demand for used and high-end motorcycles in countries such as Brazil, which is likely to augment the motorcycle lubricant demand.
- Largest Country Market - Brazil : Brazil has the highest proportion of PV, CV, and motorcycle fleets among all South American countries, making it the leading regional consumer of automotive lubricants.
- Fastest Growing Country Market - Colombia : The growing age of the motor vehicle fleet in Colombia, which requires more automotive lubricants than new vehicles, is propelling the Colombian market at a quicker rate.
South America Automotive Lubricants Market Trends and Insights
Largest Segment By Vehicle Type : Commercial Vehicles
- In South America, passenger vehicles (PV) accounted for the largest share of 52.42% in the total number of on-road vehicles in 2020, followed by motorcycles (MC) and commercial vehicles (CV), with shares of 24.2% and 31.53%, respectively.
- In the South American region, the commercial vehicle (CV) segment accounted for almost 45.9% share in the total number of on-road vehicles during 2020, followed by passenger vehicles (PV) and motorcycles (MC) with 42.6% and 11.4% shares, respectively. During the same year, travel restrictions to curb the COVID-19 outbreak significantly affected the usage of these vehicles and their lubricant consumption.
- During 2021-2026, the motorcycle segment is expected to witness the highest CAGR of 5.52%. The recovery of motorcycle sales combined with the easing down of COVID-19-related travel restrictions are likely to be the key factors driving this trend.
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Largest Country : Brazil
- In the South American region, automotive lubricant consumption is the highest in Brazil, followed by Argentina and Colombia. In 2020, Brazil accounted for about 60% of the total automotive lubricant consumption in the region, whereas Argentina and Colombia accounted for shares of around 11.14% and 6.97%, respectively.
- The COVID-19 outbreak in 2020 significantly affected automotive lubricant consumption in many countries in the region. Argentina was the most affected with a 9.6% drop during 2019-2020, whereas Brazil was the least affected with a 7.73% drop in its automotive lubricant consumption.
- During 2021-2026, Colombia is likely to be the fastest-growing lubricant market as the consumption is likely to witness a CAGR of 4.82%, followed by Argentina and Brazil, which are expected to witness a CAGR of 3.82% and 3.53%, respectively.
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Competitive Landscape
The South America Automotive Lubricants Market is moderately consolidated, with the top five companies occupying 59.15%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Royal Dutch Shell Plc and Terpel (sorted alphabetically).
South America Automotive Lubricants Industry Leaders
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ExxonMobil Corporation
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Iconic Lubrificantes
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Petrobras
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Royal Dutch Shell Plc
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Terpel
- *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: TotalEnergies and Stellantis renewed their commercial partnership for the Peugeot, Citroen, and DS Automobiles brands for the next five years until 2026.
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South America Automotive Lubricants Market Report Scope
By Vehicle Type
| Commercial Vehicles |
| Motorcycles |
| Passenger Vehicles |
By Product Type
| Engine Oils |
| Greases |
| Hydraulic Fluids |
| Transmission & Gear Oils |
By Country
| Argentina |
| Brazil |
| Colombia |
| Rest of South America |
| By Vehicle Type | Commercial Vehicles |
| Motorcycles | |
| Passenger Vehicles | |
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils | |
| By Country | Argentina |
| Brazil | |
| Colombia | |
| Rest of South America |
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Key Questions Answered in the Report
How big is the South America Automotive Lubricants Market?
The South America Automotive Lubricants Market size is expected to reach 1.66 billion Liters in 2025 and grow at a CAGR of 3.36% to reach 1.96 billion Liters by 2030.
What is the current South America Automotive Lubricants Market size?
In 2025, the South America Automotive Lubricants Market size is expected to reach 1.66 billion Liters.
Who are the key players in South America Automotive Lubricants Market?
ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Royal Dutch Shell Plc and Terpel are the major companies operating in the South America Automotive Lubricants Market.
What years does this South America Automotive Lubricants Market cover, and what was the market size in 2024?
In 2024, the South America Automotive Lubricants Market size was estimated at 1.60 billion Liters. The report covers the South America Automotive Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Automotive Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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South America Automotive Lubricants Market Report
Statistics for the 2025 South America Automotive Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Automotive 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.
