The Argentina Lubricants Market size is estimated at 303.98 Million liters in 2024, and is expected to reach 339.84 Million liters by 2029, growing at a CAGR of 2.26% during the forecast period (2024-2029).
The COVID-19 epidemic had a negative impact on the Argentina lubricants market. Global lockdowns and severe government rules resulted in a catastrophic setback, as most production hubs were shut down. Nonetheless, the market recovered in 2021 and is expected to rise significantly in the coming years.
The Argentine lubricants market is highly consolidated in nature. The major players (not in any particular order) include YPF, RAIZEN (Shell Plc), TotalEnergies, BP PLC (Pan American Energy), and PETRONAS Lubricants International, among others.
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