Argentina Greases Market Size & Outlook, 2023-2030
Argentina greases market, 2018-2030 (US$M)
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Argentina greases market highlights
- The Argentina greases market generated a revenue of USD 113.6 million in 2023 and is expected to reach USD 144.8 million by 2030.
- The Argentina market is expected to grow at a CAGR of 3.5% from 2024 to 2030.
- In terms of segment, mineral was the largest revenue generating form in 2023.
- Mineral is the most lucrative form segment registering the fastest growth during the forecast period.
Greases market data book summary
| Market revenue in 2023 | USD 113.6 million |
| Market revenue in 2030 | USD 144.8 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Mineral |
| Fastest growing segment | Mineral |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral, Synthetic, Bio-based |
| Key market players worldwide | Nycon, Battenfeld-Grease & Oil Corporation of New York, RichardsApex Inc., Lubriplate Lubricants Co., GB Lubricants, Eastern Oil, JAX INC., D-A Lubricant Company, Xaerus Performance Fluids, Moroil Technologies, Industrial Oils Unlimited, LLC, Primrose Oil Company, Cadillac Oil, Condat, COGELSA, Interflon |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.9% of the global greases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil greases market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 351.3 million by 2030.
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Greases Market Scope
Greases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina greases market outlook
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 greases market will help companies and investors design strategic landscapes.
Mineral was the largest segment with a revenue share of 62.24% in 2023. Horizon Databook has segmented the Argentina greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina witnessed growth in the automotive sector due to the rising number of automotive manufacturing facilities. In September 2023, the government passed law 27.866 to promote new investments in the car-making industry and strengthen its supply chain.
The new law also seeks to reinforce the industry's export-oriented profile by promoting the development of new clean technologies for engines (OEM manufacturers). The growing automobile market is another major end user of greases in the country.
According to the International Organization of Motor Vehicle Manufacturers in 2023, the total vehicle production in Argentina remained at 610, 000 units with a rise of 14.0% compared to 2022. The rising automotive production is anticipated to witness growth over the forecast period, further leading to an increasing demand for manufacturing units.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina greases market, including forecasts for subscribers. This country databook contains high-level insights into Argentina greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina greases market size, by form, 2018-2030 (US$M)
Argentina Greases Market Share, 2023 & 2030 (US$M)
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