Latin America Greases Market Size & Outlook, 2023-2030
Latin America greases market, 2018-2030 (US$M)
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Latin America greases market highlights
- The Latin America greases market generated a revenue of USD 570.5 million in 2023.
- The 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 570.5 million |
| Market revenue in 2030 | USD 726.0 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Mineral |
| Fastest growing segment | Mineral |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 9.8% of the global greases market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,096.9 million by 2030.
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Greases Market Scope
Greases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 62.49% in 2023. Horizon Databook has segmented the Latin America greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The Central & South American market is expected to witness substantial growth over the forecast period owing to the region’s high economic growth in the past few years. Increasing disposable income of consumers has surged the demand for automobiles, which is expected to augment the demand for automotive parts and their manufacturing, further leading to a positive impact on the product over the forecast period.
Increasing automotive vehicle sales in Argentina, Brazil, and Columbia is also expected to have a positive impact on the greases market. Rising foreign direct investments in the automotive sector are expected to open new growth avenues for greases over the forecast period.
Significant new investments in housing and public works are expected to boost infrastructure growth in Colombia, thereby, augmenting the product demand over the next seven years. Thus, the increasing number of infrastructure development projects is expected to drive the demand for greases, which are heavily used in the small and large machinery operating on construction sites.
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Our clientele includes a mix of greases market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America greases market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America greases market size, by country, 2018-2030 (US$M)
Latin America Greases Market Share, 2023 & 2030 (US$M)
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