Brazil Greases Market Size & Outlook, 2023-2030
Brazil greases market, 2018-2030 (US$M)
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Brazil greases market highlights
- The Brazil greases market generated a revenue of USD 272.2 million in 2023 and is expected to reach USD 351.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.7% 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 272.2 million |
| Market revenue in 2030 | USD 351.3 million |
| Growth rate | 3.7% (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, Brazil accounted for 4.7% 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 |
|---|
Brazil 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 62.78% in 2023. Horizon Databook has segmented the Brazil greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the leading producer of automobiles in Central & South America and has emerged as the ninthlargest automobile producer in the world. According to the International Organization of Motor Vehicle Manufacturers, automotive production in Brazil witnessed an increase of 3.27% in 2023 compared to 2021.
Thus, the rising production of vehicles is further expected to increase the demand for more manufacturing facilities, further leading to a high demand for greases in the country. Brazil has a well-established agriculture industry and is a major exporter of coffee, sugarcane, and soybean. According to the Ministry of Brazil, the agricultural sector achieved several milestones in 2023.
Despite facing challenges such as lower prices and increased input costs compared to previous years, grain production (including cereals, legumes, and oilseeds) surged by over 16%, reaching 3,238 million tons in 2023. Brazil's agricultural sector accounted for almost half of its exports, contributing substantially to the overall trade surplus in 2023. The increased agricultural output will further boost the demand for greases in agricultural machinery.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil greases market, including forecasts for subscribers. This country databook contains high-level insights into Brazil greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil greases market size, by form, 2018-2030 (US$M)
Brazil Greases Market Share, 2023 & 2030 (US$M)
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