Report Overview

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Brazil Automotive Lubricants Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing Vehicle Population
         2. Urbanization and Increasing Car Usage
      2. Restraints
         1. High Fuel Prices
         2. Consumer Price Sensitivity
      3. Opportunities
         1. Expanding Commercial Vehicle Segment
         2. Growing Demand for Synthetic Lubricants
      4. Challenges
         1. Economic Volatility
         2. Competition from Counterfeit Products
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Brazil Automotive Lubricants Market: Marketing Strategies
5. Brazil Automotive Lubricants Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Base Oil
         1. Synthetic Lubricants
         2. Semisynthetic Lubricants
         3. Bio-Based Lubricants
         4. Mineral Oil Lubricants
      2. By Vehicle Type
         1. Passenger Cars
         2. Light Commercial Vehicles
         3. Heavy Commercial Vehicles
         4. Others
      3. By Application
         1. Engine Oil
         2. Gear and Brake Oil
         3. Transmission Fluids
         4. Greases
         5. Others
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Brazil Automotive Lubricants Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Escalating Geopolitical Tension on Brazil Automotive Lubricants Market
8. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Shell Brasil Petróleo Ltda
   2. Castrol Brasil
   3. Total Lubrificantes do Brasil Ltda
   4. Lubrax (Petrobras Lubrificantes e Derivados S.A.)
   5. Mobil Lubrificantes do Brasil Ltda (ExxonMobil)
   6. Texaco Lubrificantes do Brasil Ltda
   7. Valvoline do Brasil Ltda
   8. Ipiranga Lubrificantes
   9. Fuchs Lubrificantes do Brasil Ltda
   10. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1 Brazil Automotive Lubricants Segmentation

Figure 2 Brazil Automotive Lubricants Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2023

Figure 4 Brazil Automotive Lubricants Market Size, By Value (USD Million), 2019–2030

Figure 5 Brazil Automotive Lubricants Market Share, By Base Oil, By Value, 2019–2030

Figure 6 Brazil Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019–2030

Figure 7 Brazil Automotive Lubricants Market Share, By Application, By Value, 2019–2030

List of Tables

Table 1 Brazil Automotive Lubricants Market Size, By Value (USD Million), 2019–2030

Table 2 Brazil Automotive Lubricants Market Share, By Base Oil, By Value, 2019–2030

Table 3 Brazil Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019–2030

Table 4 Brazil Automotive Lubricants Market Share, By Application, By Value, 2019–2030

Table 5         Shell Brasil Petróleo Ltda Company Overview

Table 6         Shell Brasil Petróleo Ltda Financial Overview

Table 7         Castrol Brasil Company Overview

Table 8         Castrol Brasil Financial Overview

Table 9         Total Lubrificantes do Brasil Ltda Company Overview

Table 10       Total Lubrificantes do Brasil Ltda Financial Overview

Table 11       Lubrax (Petrobras Lubrificantes e Derivados S.A.) Company Overview

Table 12       Lubrax (Petrobras Lubrificantes e Derivados S.A.) Financial Overview

Table 13       Mobil Lubrificantes do Brasil Ltda (ExxonMobil) Company Overview

Table 14       Mobil Lubrificantes do Brasil Ltda (ExxonMobil) Financial Overview

Table 15       Texaco Lubrificantes do Brasil Ltda Company Overview

Table 16       Texaco Lubrificantes do Brasil Ltda Financial Overview

Table 17       Valvoline do Brasil Ltda Company Overview

Table 18       Valvoline do Brasil Ltda Financial Overview

Table 19       Ipiranga Lubrificantes Company Overview

Table 20       Ipiranga Lubrificantes Financial Overview

Table 21       Fuchs Lubrificantes do Brasil Ltda Company Overview

Table 22       Fuchs Lubrificantes do Brasil Ltda Financial Overview

Table 23       Other Prominent Players Company Overview

Table 24       Other Prominent Players Financial Overview