Market revenue in 2022 | USD 2,575.2 million |
Market revenue in 2030 | USD 3,418.2 million |
Growth rate | 3.6% (CAGR from 2022 to 2030) |
Largest segment | Engine oil |
Fastest growing segment | Brake Fluids |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Greases, Engine oil, Gear oil, Transmission Fluids, Brake Fluids, Coolants |
Key market players worldwide | Exxon Mobil Corp, BP Castrol KK, Shell PLC, Repsol SA, Sasol, Cepsa, Fuchs SE Registered Shares, LUKOIL, Indian Oil Corporation, Hindustan Petroleum Corporation Limited, Phillips 66 |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lubricants market will help companies and investors design strategic landscapes.
Engine oil was the largest segment with a revenue share of 57.01% in 2022. Horizon Databook has segmented the Latin America automotive lubricants market based on greases, engine oil, gear oil, transmission fluids, brake fluids, coolants covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing automotive sales is anticipated to remain the key driving factor for regional market growth across Latin America over the forecast period. Increasing per capita disposable income in Brazil, Argentina and Venezuela is the key driving force behind growth of automotive industry in the region.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America automotive lubricants market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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