Brazil Commercial Vehicles Lubricants Industry

Brazil Commercial Vehicles Lubricants Market Analysis

The Brazil Commercial Vehicles Lubricants Market size is estimated at 424.78 million liters in 2025, and is expected to reach 501.34 million liters by 2030, at a CAGR of 3.37% during the forecast period (2025-2030).

• Largest Segment by Product Type - Engine Oils : Used trucks, buses, and pickup trucks consume large amounts of engine oil and have a high yearly oil change frequency, making it the most popular product type in the country.
• Fastest Segment by Product Type - Hydraulic Fluids : Hydraulic fluid demand is forecast to grow faster than all other product types in Brazil's CV segment between 2021-2026, owing to a predicted rise in maintenance rates.

Brazil Commercial Vehicles Lubricants Market Trends

Largest Segment By Product Type : Engine Oils

• In Brazil, commercial vehicle (CVs) constitutes the second-largest vehicle type in terms of automotive lubricant consumption. Post 2016, lubricant consumption in the CV sector increased, mainly due to the country's growing truck fleet.
• The commercial vehicle lubricant consumption declined by almost 5.6% as the COVID-19 pandemic affected freight transportation in 2020. The engine oil segment accounted for a 68.2% share of CV lubricant consumption in 2020. A significant decline of 8.8% was observed in the overall consumption of greases in the CV sector during the year.
• The grease segment is likely to be the fastest-growing segment with a CAGR of 4.75% during 2021-2026. The recovery in production and sales of commercial vehicles is likely to drive the consumption of greases during the first half of the forecast period.

Brazil Commercial Vehicles Lubricants Industry Overview

The Brazil Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 82.06%. The major players in this market are ExxonMobil Corporation, Iconic Lubrificantes, Petrobras, Petronas Lubricants International and Royal Dutch Shell Plc (sorted alphabetically).

Brazil Commercial Vehicles Lubricants Market Leaders

Brazil Commercial Vehicles Lubricants 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.