Mexico Automotive Engine Oils Industry

Mexico Automotive Engine Oils Market Analysis

The Mexico Automotive Engine Oils Market size is estimated at 319.24 million liters in 2025, and is expected to reach 343.24 million liters by 2030, at a CAGR of 1.46% during the forecast period (2025-2030).

• Largest Segment by Vehicle Type - Passenger Vehicles : The highest proportion of passenger vehicle population and their service requirements in Mexico is attributed to the highest engine oil consumption in the sector.
• Fastest Segment by Vehicle Type - Motorcycles : The meteoric rise in the sales of street and off-road motorcycles in Mexico after the COVID-19 outbreak may drive engine oil consumption in the motorcycles segment.

Mexico Automotive Engine Oils Market Trends

Largest Segment By Vehicle Type : Passenger Vehicles

• The engine oil consumption in Mexico increased by 10.19% during 2015-2017.
• This growth was driven by the growing vehicle parc and low drain intervals of mineral-based engine oils. During 2017-2019, the engine oil consumption saw a slight decline of 0.11% due to the increasing usage of the API SN and SM grade synthetic oils, which have high drain intervals. However, unlike Canada and the United States, the penetration of synthetic engine oils was significantly low during this period. The engine oil consumption further declined by 14.26% during 2019-2020, due to the COVID-19 pandemic.
• The Mexican government's expected publishment of new engine oil standards, combined with engine downsizing trends, may negatively affect the recovery of the country's engine oil consumption. As a result, engine oil consumption is likely to register a CAGR of 2.92% during 2021-2026.

Mexico Automotive Engine Oils Industry Overview

The Mexico Automotive Engine Oils Market is moderately consolidated, with the top five companies occupying 63.64%. The major players in this market are Bardahl, BP PLC (Castrol), ExxonMobil Corporation, Roshfrans and Royal Dutch Shell Plc (sorted alphabetically).

Mexico Automotive Engine Oils Market Leaders

Mexico Automotive Engine Oils Market News

• January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
• October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
• 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.