Report Overview

Rapid urbanization across the country drives increasing number of vehicles and car usage. This growing trend is expected to boost the growth of the Brazil Automotive Lubricants Market during the forecast period between 2024 and 2030.

Brazil Automotive Lubricants Market - Industry Trends & Forecast Report, 2030

The Brazil Automotive Lubricants Market size was estimated to be worth USD 700.09 million in 2023. During the forecast period between 2024 and 2030, the Brazil Automotive Lubricants Market size is projected to grow at a CAGR of 6.09%, reaching a value of USD 984.11 million by 2030.

By volume, the Brazil Automotive Lubricants Market size was estimated at 0.18 megatons in 2023. During the forecast period between 2024 and 2030, the Brazil Automotive Lubricants Market size is expected to expand at a CAGR of 5.87% reaching a volume of 0.26 mega tons by 2030.

Major growth factors for the Brazil Automotive Lubricants Market include an increasing demand for high-performance vehicles and rising demand for sustainable lubricants among consumers. In addition, expanding vehicle production and ownership is anticipated to drive the Brazil Automotive Lubricants Market over the forecast period.

Automotive Lubricants – Overview

Automotive lubricants are specialized fluids produced to lessen wear and friction between moving parts in an automobile's engine and other mechanical components. The most common type of lubricant is engine oil, which is also one of the most important types. Engine oil helps in keeping the engine's combustion chambers completely lubricated by reducing friction between moving parts. It also helps to regulate temperature by transferring heat from the moving parts of the vehicle to the sump or cooler. The most common applications for engine, gear, and hydraulic oils.

Brazil Automotive Lubricants Market

Growth Drivers

Rising Demand for Fuel Efficiency

Automotive lubricants are prominently used in automotives, as it minimizes friction as well as effectively dissipates heat. Along with providing lubrication, automotive lubricants also help to extend the engine life by preventing against the wear & tear, corrosion, as well as contamination in the engine. Synthetic lubricants, such as butylated hydroxytoluene, zinc dithiophosphates, molybdenum disulfide, and tungsten disulphide are replacing conventional lubricants, due to the increasing desire for automobiles to have higher fuel economy. The Automotive Lubricants Market is also witnessing shift in the demand from synthetic to bio-based automotive lubricants since they are renewable and biodegradable.

Challenges

Negative Impact of Automotive Lubricants

Non-renewable petroleum sources are frequently the source of conventional lubricants. Their creation and disposal may have detrimental effects on the environment, accelerating the depletion of natural resources and increasing emission of harmful pollutants. The automobile industry is under pressure to use less traditional lubricants because of the environmental effect of these lubricants, as a result of strict environmental legislation and emissions requirements. Additionally, the growing usage of alternative fuels like natural gas may negatively impact the market demand for automotive lubricants in Brazil. With the increasing popularity of automobiles that run on alternative fuels like hydrogen or natural gas, traditional lubricants might not be appropriate for these new engine types.

Brazil Automotive Lubricants Market

Segmental Coverage

Brazil Automotive Lubricants Market – By Base Oil

Based on base oil, the Brazil Automotive Lubricants Market is segmented into synthetic lubricants, semisynthetic lubricants, bio-based lubricants, and mineral oil lubricants. The synthetic lubricants segment holds the largest share in the market by base oil. Synthetic oils have higher viscosity and stability than traditional oils or synthetic blends at both low and high temperatures. As full synthetic oils are made to withstand intense heat and flow fast in cold weather, the engine will continue to function properly all year.

Brazil Automotive Lubricants Market – By Vehicle Type

Based on vehicle type, the Brazil Automotive Lubricants Market is segmented into passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and others. The passenger cars segment accounts for the highest market share in the market by vehicle type. The high ownership of passenger cars among Brazilian consumers directly influences the demand for automotive lubricants. For instance, Brazil recorded 39.1% more registrations of passenger cars in April 2024 compared to April 2023.

Brazil Automotive Lubricants Market – By Application

On the basis of application, the Brazil Automotive Lubricants Market is segmented into engine oil, gear & brake oil, transmission fluids, greases, and others. The engine oil segment dominates the Brazil Automotive Lubricants Market by application. Engine oil helps in improving the engine's performance by lubricating the engine parts that are often exposed to friction. The frequent use of engine oil prevents wear on engine parts, thus, eventually reducing maintenance costs. The brake oil also accounts for a substantial market share owing to its rising application in the hydraulic braking systems of modern cars.

Competitive Landscape

Major players operating in the Brazil Automotive Lubricants Market include Shell Brasil Petróleo Ltda, Castrol Brasil, Total Lubrificantes do Brasil Ltda, Lubrax (Petrobrás Lubrificantes e Derivados S.A.), Mobil Lubrificantes do Brasil Ltda (ExxonMobil), Texaco Lubrificantes do Brasil Ltda, Valvoline do Brasil Ltda, Ipiranga Lubrificantes, and Fuchs Lubrificantes do Brasil Ltda.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Base Oil

• Synthetic Lubricants

• Semisynthetic Lubricants

• Bio-based Lubricants

• Mineral Oil Lubricants

By Vehicle Type

• Passenger Cars

• Light Commercial Vehicles (LCVs)

• Heavy Commercial Vehicles (HCVs)

• Others

By Application

• Engine Oil

• Gear & Brake Oil

• Transmission Fluids

• Greases

• Others