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Brazil Automotive Engine Oils Market - Size, Share, COVID-19 Impact & Forecasts Up To 2026

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  • September 2022
  • Region: Brazil
  • Mordor Intelligence
  • ID: 5656708
UP TO OFF until Dec 31st 2023
The Brazil Automotive Engine Oils Market stood at 656.79 million liters in 2021 and is projected to register a CAGR of 3.24% to reach 770.23 million liters in 2026.

Key Highlights

  • Largest Segment by Vehicle Type - Passenger Vehicles: The presence of flex-fuel passenger vehicles and rising travel rates post the pandemic are the key factors that make the PV segment Brazil's top consumer of engine oils.
  • Fastest Segment by Vehicle Type - Motorcycles: Motorcycle oil consumption is increasing at a faster rate than other vehicle segments due to the increased presence of premium motorcycles from Kawasaki, Suzuki, and Triumph.

Key Market Trends

Largest Segment By Vehicle Type: Passenger Vehicles

  • In Brazil, engine oils accounted for about 75.5% of automotive lubricants in 2020. During 2015-2019, engine oil consumption increased at a CAGR of 2.4%. The growing active vehicle fleet and increasing service needs in the country were the key drivers for this trend.
  • In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to an 8.16% dip in engine oil consumption. The passenger vehicle (PV) segment recorded the largest decline of 9.18% in engine oil consumption during the year.
  • During 2021-2026, the motorcycle segment is expected to register the highest growth of about 5.56% in engine oil consumption, followed by the PV segment (3.05%). The growth is likely to be driven by the increasing demand for mopeds and motorcycles in the country over the next five years.

Competitive Landscape

The Brazil Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 73.64%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Petronas Lubricants International and Royal Dutch Shell Plc (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 Executive Summary & Key Findings
2 Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study?
2.3 Research Methodology
3 Key Industry Trends
3.1 Automotive Industry Trends
3.2 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4 Market Segmentation
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Grade
5 Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Energis 8 Brasil
5.3.2 ExxonMobil Corporation
5.3.3 Gulf Oil International
5.3.4 Iconic Lubrificantes
5.3.5 Lucheti Lubrificantes
5.3.6 Lumax Lubrificantes
5.3.7 Petrobras
5.3.8 Petronas Lubricants International
5.3.9 Royal Dutch Shell Plc
5.3.10 TotalEnergies
5.3.11 YPF
6 Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7 Key Strategic Questions for Lubricants CEOs

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Energis 8 Brasil
  • ExxonMobil Corporation
  • Gulf Oil International
  • Iconic Lubrificantes
  • Lucheti Lubrificantes
  • Lumax Lubrificantes
  • Petrobras
  • Petronas Lubricants International
  • Royal Dutch Shell Plc
  • TotalEnergies
  • YPF