Argentina Passenger Vehicles Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026
The Argentina Passenger Vehicles Lubricants Market size is estimated at 63.92 Million Liters in 2024, and is expected to reach 67.17 Million Liters by 2026, growing at a CAGR of 2.51% during the forecast period (2024-2026).
Key Highlights
- Largest Segment by Product Type - Engine Oils : Engine oil is consumed in large quantities in cars in Argentina, and it is changed more frequently than other product types, making it the country's most popular product.
- Fastest Segment by Product Type - Hydraulic Fluids : With the predicted rise in maintenance rates in Argentina's PV segment in 2021-2026, the demand for hydraulic fluids is expected to grow faster among all product types.
Argentina Passenger Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In Argentina, passenger vehicles (PVs) are the second-largest vehicle type in terms of automotive lubricant consumption. During 2015-2019, the PV lubricant consumption registered a CAGR of 2.17%, primarily owing to the surge in the car population in the country.
- In 2020, PVs accounted for about 36.5% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, with a share of around 82% during the year. During 2020, PV lubricant consumption declined by 15.07%, due to the low usage of the vehicle fleet post the COVID-19 outbreak.
- During 2021-2026, the hydraulic fluids segment is likely to be the fastest-growing lubricant type at a CAGR of 3.59%. This growth is likely to be driven by the rising sales of passenger cars and recovery in average distance traveled in the country.
Argentina Passenger Vehicles Lubricants Industry Overview
The Argentina Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 70.22%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, Royal Dutch Shell PLC, TotalEnergies and YPF (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
- 1 Executive Summary & Key Findings
- 2 Introduction
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
- 3 Key Industry Trends
- 3.1 Automotive Industry Trends
- 3.2 Regulatory Framework
- 3.3 Value Chain & Distribution Channel Analysis
- 4 Market Segmentation
- 4.1 By Product Type
- 4.1.1 Engine Oils
- 4.1.2 Greases
- 4.1.3 Hydraulic Fluids
- 4.1.4 Transmission & Gear Oils
- 5 Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Profiles
- 5.3.1 BP PLC (Castrol)
- 5.3.2 Chevron Corporation
- 5.3.3 ExxonMobil Corporation
- 5.3.4 Fercol Lubricantes
- 5.3.5 Gulf Oil International
- 5.3.6 Petrobras
- 5.3.7 Petronas Lubricants International
- 5.3.8 Puma Energy
- 5.3.9 Royal Dutch Shell PLC
- 5.3.10 TotalEnergies
- 5.3.11 YPF
- 6 Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
- 7 Key Strategic Questions for Lubricants CEOs
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