Colombia Passenger Vehicles Lubricants Market Analysis
The Colombia Passenger Vehicles Lubricants Market size is estimated at 28.46 million liters in 2025, and is expected to reach 36.46 million liters by 2030, at a CAGR of 5.08% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : Engine oil is the most popular product in Colombian SUVs and Sedans as it is consumed in large quantities and replaced more frequently than other product categories.
- Fastest Segment by Product Type - Transmission & Gear Oils : Transmission oil consumption is expected to expand faster than other product types in Colombia due to the growing penetration of automatic cars and electric vehicles.
Colombia Passenger Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In Colombia, passenger vehicles (PVs) are the second-largest consumer of automotive lubricants. During 2015-2019, the PV lubricant consumption increased at a CAGR of 1.57%, primarily due to a surge in the car population in the country.
- In 2020, PVs accounted for about 23.45% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, at around 80.2%, during the year. During 2020, PV lubricant consumption declined by 11.68% due to the lower usage of the vehicle fleet post the COVID-19 outbreak.
- During 2021-2026, the transmission oils segment is likely to be the fastest-growing lubricant type, at a CAGR of 6.1%. This growth may be driven by rising sales of passenger cars and a recovery in average distance traveled in the country.
Colombia Passenger Vehicles Lubricants Industry Overview
The Colombia Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 79.90%. The major players in this market are Biomax, Chevron Corporation, Petromil SA, Royal Dutch Shell PLC and Terpel (sorted alphabetically).
Colombia Passenger Vehicles Lubricants Market Leaders
Biomax
Chevron Corporation
Petromil SA
Royal Dutch Shell PLC
Terpel
- *Disclaimer: Major Players sorted in no particular order
Colombia Passenger Vehicles Lubricants Market News
- August 2021: Motul introduces a new and improved version of its flagship product, with a revolutionary formula that once again pushes the boundaries of performance, which would be showcased at the 24 Hours of Le Mans, the world's most famous racing event.
- 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.
- April 2021: Kia Corporation and TotalEnergies renewed their partnership, with TotalEnergies continuing to be Kia Corporation's approved lubricant sales partner in dealer networks until March 2026.
