Argentina Passenger Vehicles Lubricants Market Analysis
The Argentina Passenger Vehicles Lubricants Market size is estimated at 65.52 million liters in 2025, and is expected to reach 74.17 million liters by 2030, at a CAGR of 2.51% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : Engine oil is consumed in large quantities in cars in Argentina, and it is changed more frequently than other product types, making it the country's most popular product.
- Fastest Segment by Product Type - Hydraulic Fluids : With the predicted rise in maintenance rates in Argentina's PV segment in 2021-2026, the demand for hydraulic fluids is expected to grow faster among all product types.
Argentina Passenger Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In Argentina, passenger vehicles (PVs) are the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, the PV lubricant consumption registered a CAGR of 2.17%, primarily owing to the surge in the car population in the country.
- In 2020, PVs accounted for about 36.5% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, with a share of around 82% during the year. During 2020, PV lubricant consumption declined by 15.07%, due to the low usage of the vehicle fleet post the COVID-19 outbreak.
- During 2021-2026, the hydraulic fluids segment is likely to be the fastest-growing lubricant type at a CAGR of 3.59%. This growth is likely to be driven by the rising sales of passenger cars and recovery in average distance traveled in the country.
Argentina Passenger Vehicles Lubricants Industry Overview
The Argentina Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 70.22%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, Royal Dutch Shell PLC, TotalEnergies and YPF (sorted alphabetically).
Argentina Passenger Vehicles Lubricants Market Leaders
BP PLC (Castrol)
ExxonMobil Corporation
Royal Dutch Shell PLC
TotalEnergies
YPF
- *Disclaimer: Major Players sorted in no particular order
Argentina Passenger Vehicles Lubricants Market News
- November 2021: Puma Energy recently entered into a contract with Kia Argentina. Puma is expected to provide Kia with its lubricants and oils for the optimal maintenance of Kia vehicles.
- September 2021: Puma Energy expanded its business in Argentina with 400 locations in the country. The company sells its fuel and lubricant products through 400 fuel stations and 100 wholesale facilities.
- July 2021: Gulf Oil reached the 80 service station mark in Argentina through which it sells its lubricant products to its customers.
