Brazil Automotive Engine Oils Industry

Brazil Automotive Engine Oils Market Analysis

The Brazil Automotive Engine Oils Market size is estimated at 745.17 million liters in 2025, and is expected to reach 879.06 million liters by 2030, at a CAGR of 3.36% during the forecast period (2025-2030).

• 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.

Brazil Automotive Engine Oils 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.

Brazil Automotive Engine Oils Industry Overview

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).

Brazil Automotive Engine Oils Market Leaders

Brazil 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: Ipiranga stations in Brazil began offering Texaco lubricants, a brand long recommended by major automakers in Brazil and worldwide, over the whole network.
• June 2021: Raízen signed an agreement with Shell to use the Shell trademark in the fuel distribution business and related activities for 13 years.