Mexico Passenger Vehicles Lubricants Market

Mexico Passenger Vehicles Lubricants Market Analysis

The Mexico Passenger Vehicles Lubricants Market size is estimated at 267.87 million liters in 2025, and is expected to reach 301.30 million liters by 2030, at a CAGR of 2.38% during the forecast period (2025-2030).

• Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type, owing to their high volume requirements and low drain interval. They are used for high-temperature and high-pressure applications.
• Fastest Segment by Product Type - Transmission & Gear Oils : An increase in the usage, sales, and maintenance requirements of passenger vehicles in the country may drive the demand for transmission oils during the forecast period.

Mexico Passenger Vehicles Lubricants Market Trends

Largest Segment By Product Type : Engine Oils

• During 2015-2019, the passenger vehicle lubricant consumption in Mexico witnessed a robust growth. The penetration of synthetic lubricants in Mexico during this period was very low in Mexico, unlike Canada and the United States. This factor, combined with the growing vehicle parc in the country, resulted in a consistent increase in lubricant consumption for this segment during this period.
• However, during 2020, the consumption dropped significantly, owing to the COVID-19 pandemic, which has caused a considerable decline in the maintenance requirements of the existing passenger vehicle fleet of the country.
• The passenger vehicle sales in Mexico are likely to recover at a much faster growth rate than in the United States and Canada. As a result, the passenger lubricant consumption is expected to witness a CAGR of 3.78% during the forecast period.

Mexico Passenger Vehicles Lubricants Industry Overview

The Mexico Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 65.38%. The major players in this market are Bardahl, BP PLC (Castrol), ExxonMobil Corporation, Roshfrans and Royal Dutch Shell Plc (sorted alphabetically).

Mexico Passenger Vehicles Lubricants Market Leaders

Mexico Passenger Vehicles Lubricants Market News

• June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerships with Peugeot, Citroën, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.
• June 2021: Castrol launched Castrol ON TM, a new line of e-fluids for electric vehicles. It includes e-greases, e-thermal fluids, and e-transmission fluids, all of which are employed in different electrical vehicle applications.
• April 2021: Motul launched two engine oils, namely CLASSIC EIGHTIES 10W-40 and CLASSIC NINETIES 10W-30, for classic cars manufactured between the 1970s and 2000s.